Wednesday, August 11, 2010

Economic Forecast Down to 2.5% - BOE

BBC News: Reports that the Bank of England had lowered its own forecast for economic growth, it has revised its figures down from 3.4% to 2.5%. Also the economy as the BBC notes will be “ Choppy ”. These lowering for economic recovery and the public spending cuts will make the Coalition Government very unpopular when the cuts really start to hurt, the UK is paying the price for the spending of Tony Blair and Gordon Brown, when Labour was in power they didn’t keep something in bank for when it rained, well its boring down folks. All Labour Party has done is to be negative about the cuts, when they name cuts one can take them seriously as a Political Party.

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