National politics

OECD endorses spending review

Yesterday the OECD issued a statement endorsing the UK’s comprehensive spending review.

OECD Secretary General Angel GurrĂ­a said:

Budgetary consolidation is never easy but the timing and scope of the measures balance concerns for near-term growth with the need to stop the snowballing of debt and to preserve credibility. The measures are tough, necessary and courageous. Acting decisively now is the best way to secure better public finances and bolster future growth.

Sounds good to me.

One reply on “OECD endorses spending review”

Good for a triple star rating which we clearly need.

Not good for the poorest 10% who according to Desperate Dan will be hit the hardest.

Who cares?

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