Unfit To Govern

A survey of the service sector shows that it’s growth has slipped to a 13 month Low.  Many of the companies surveyed said cancelled public-sector contracts were beginning to hurt their businesses, forcing them to cut jobs.   This must cast further doubt over the private sector’s ability to provide jobs as government departments are shrunk.

The figures are worsened by the indications that there is also a slow down in consumer spending.

Thus the threat of a double-dip recession has intensified jeopardising hopes of a sustained recovery. This is exactly what Labour warned would happen if the cuts to our fragile economy were made too soon.

Source: Guardian