Concerning retail sales figures underline risks coalition is taking with the economy

Responding to retail sales figures published by the ONS this afternoon Labour leadership contender Ed Balls said:

“These are concerning figures which underline the huge risks the coalition is taking with the economy when the recovery is far from secure. A double whammy of deep spending cuts and a VAT rise next year risk making the situation even worse.

“That’s why Labour must win the case for an economic alternative, based on boosting jobs and growth and steadier deficit reduction, to the coalition’s reckless and counter-productive cuts which will see jobs lost and growth undermined.”

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Posted September 16th, 2010 by Ed's team

One Response to “Concerning retail sales figures underline risks coalition is taking with the economy”

  1. Bob says:

    Too true, the economy is evolving so rapidly and policy needs to reflect that. For instance , it looked as if there was an improvement in the retail market in the summer but it is falling back again and the increase in VAT in january will knock it even harder.

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