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Imagine the impact of higher interest rates on business if we failed to cuts public spending. As it is the cuts are far too slow and not deep enough. The burden must be lifted from business to free it to generate wealth and jobs.
The public sector is simply far too large and unsupportable,a burden carried by the wealth creating side of the economy. If we want a sustainable economy and that means more jobs and better paid jobs then we must cut back the public sector far more than we are doing.
Time after time every single Labour government has driven the economy into the ground because it fails to understand the need for wealth creation and the damage done by burdening the private sector with an ever expanding public sector.
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