CHAOSTOCOSMOS

Thursday, 2 August 2012

Reduced spending power is what could finish this government

Reduced spending power is what could finish this government | Left Futures: For the government the lights are flashing red, even more than before. Where is the demand to come from to deliver the growth so avidly sought after? Not exports when the downturn is virtually global. Not investment when companies are sitting on an unprecedented �750bn cash stockpile, but refusing to invest for lack of demand. And not now consumer spending when it is falling at historically one of the fastest rates ever.

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