Every other country will be watching, he said, to ensure they don't repeat the same mistake as George Osborne's wildly unnecessary, misguided, doctrinaire and potentially dangerous spending cuts. They've let the Chancellor jump off the cliff first.
Everywhere I go around the world, I encounter the same sense of astonishment among economists and policymakers (and I talk to many of them) that the UK government would ignore the risks and proceed to slash public spending and raise taxes during what is a once-in-a-hundred-years financial crisis.
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