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A hundred leading economists have called for the government to step back from the brink of a new economic crisis and enact A Plan to avoid a double-dip recession.
In a letter to the Observer, the umbrella group of distinguished experts from across the country argue that the chancellor must rethink his strategy and have A Plan. It could be Plan A, Plan B or even Plan X but A Plan is needed to kickstart growth and save the UK from growing unemployment and a further fall in living standards.
Condemning the intransigence of the chancellor, George Osborne, as he pursues the coalition government’s plan of not having any plan, the economists write: “It is now clear that not having A Plan A isn’t working. And not having A Plan B isn’t working either.” And they warn: “Not enacting A Plan is not an option.”
They call on the government to consider radically altering its course for the economy by doing something – anything at all. Their proposals, in a manifesto entitled “A Plan: It’s Good To Have One For the Economy“, will be launched in London on Monday. They include:
■ Doing something about the economy.
• Giving a shit about unemployment .
• Being aware that being chancellor doesn’t mean you just waltz around in chauffeur driven cars going from meeting to meeting but means you sometimes have to actually do things about the economy.
• Realising that a lot of people aren’t as rich as you and your friends are and don’t have millions stashed away in off-shore bank accounts to cushion themselves in times of hardship.
A spokesperson for the Chancellor denied the government didn’t have A Plan for the economy, saying:
Our plans are very clear. We plan to follow our plans which we’ve been planning to do ever since we started planning them. That’s what we plan to do. And nothing is going to stop us sticking to them.
Please feel free to comment – no registration required and I’m extremely minimal with the moderating. So fire away:
warriet said:
Osborne is said to have replied “I am the Chancellor of the Exchequer and as such know all about economics and I agree with that the Daily Mail that this just a bunch of deranged lefties who no nothing about money. They even refused to advise me on the least visible offshore bank accounts for me and my chums; if you compare our net wealths then obviously we know more about money than this shower “
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Tom Pride said:
Yes Warriet – I think that’s exactly what they think. -“What do they know about running the country – we Eton old boys were born into it.”
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warriet said:
Sadly, you’re right – that system is self-reinforcing and based on the inculcated disregard for anyone “not like us”. A passing understanding of control theory shows that closed systems are the least stable; I suppose that same mindset teaches that nothing really matters because someone will clear up the mess afterwards.
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syzygysue said:
Apparently Tory backbenchers agree… gossip is that they want him to stop ‘playing to the manner born’ and get on with some work … like making A plan!
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warriet said:
is he been groomed for scapegoatism?
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Tom Pride said:
The Tory right have never liked Cameron, have they? And Tories are ruthless when it comes to …. well just about everything … so they’ll drop him faster than a Liberal Democrat’s pledge if they need to. And of course, there’s the Europe problem…..
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