I don't believe the figures.
We've added 300,000 jobs his year alone. The CBI report robust growth and exports are growing strongly. Fair enough construction is down but it just doesn't seem credible.
Interesting to note we have lower unemployment than the states yes they havent cut. The euro zone is in recession and France and Germany ate just starting to cut.
In fact, we haven't cut!!! The real cuts are still to come. So the current contraction, of there is one, cannot be attributed to a cut in spending. 800,000 private sector jobs added under this government. We are rebalancing the economy slowly. It took 13 year of Labour to get into this mess and it'll take at least this parliament to get the country in a clearly positive direction.
The trump card in all of the is the euro zone. It matters not a jot what we do as long as they are paralysed by inaction.