Democracy Simulator
Muse
- Joined
- Dec 10, 2009
- Messages
- 628
Got any sources for that? I'm not calling you a liar, I just need some independent verification, preferably one that discloses its funders (thanks Monbiot for bringing that to our attention). It's difficult to believe that you've managed to perform the calculations neccessary to predict economic growth in a country with tens of thousands of businesses and probably just as many laws, subject to various external sometimes unpredictable stimuli, in your own head.
Tullett Prebon brought out this report. I'm not sure of any bias they might have, but the report seems to be thorough and suggests that the UK is in trouble regardless of whether we follow the Tory route or the Labour route.
Here is the report:
http://www.tullettprebon.com/Documents/strategyinsights/Tim_Morgan_Report_007.pdf
And here is an excerpt from its conclusion:
Both the government and its
opponents seem to believe that the
delivery of recovery requires nothing
more than the selection of the right
blend of macroeconomic policies.
This report seeks to demonstrate
that no such magic formula exists.
The Coalition’s deficit reduction plan,
though laudable in its intent, is set
to fail because it is predicated upon
levels of growth which cannot be
delivered by the economy as currently
configured. The opposition’s calls for
a ‘plan b’ based on a more gradual
approach to deficit reduction amount
to nothing more than a recipe for
more denial and an accelerated lurch
into crisis.