In his speech in Newcastle, the Governor of the Bank of England said that the current high levels of inflation were inevitable. It is a result of the re-balancing of the economy.
If this was inevitable, then the Government must have known and it is obvious that they have done nothing to mitigate it effects. Why not?
Why did the current Government not developed a proper plan to grow the economy?
What are the Government plans to minimize the detrimental effects of their re-balancing policy on the poorest people in our society, as well as the vast majority of the "squeezed middle"?
A Government is acting irresponsibly if they introduce massive cuts without also introducing an equally comprehensive growth development strategy.
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