LONDON – OCTOBER 20: Britain’s Chancellor of the Exchequer George Osborne, right, with Chief Financial Secretary to the Treasur Danny Alexander leaves the Treasury building for the House Of Commons on October 20, 2010 in central London, England. Chancellor of the Exchequer George Osborne is set to announce the coalition government’s spending review in Parliament. The review is designed to tackle the country’s deficit and will outline swingeing cuts throughout the whole of the public sector with many public sector jobs set to be axed and budgets significantly reduced. (Image credit: Getty Images via @daylife)
Check out this blog from Paul Krugman, the liberal, Nobel winning economist, writing in his NYT blog.
Britain’s Paul Ryan – NYTimes.com.
Personally, I agree with Paul Krugman, that George Osborne‘s policies have been inappropriate – there is an overwhelming case to stimulate demand in the UK.
What do you think?