Time to rethink George

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The OECD has issued new growth forecasts.

Or to put it another way — it says growth is disappearing fast.

So George Osborne — who three months ago hailed OECD and G20 support for his plans to slash and burn the UK economy as key intellectual support for what he was planning really should think again — because even the OECD is now saying of the second half slow down it says is happening continues then stimulus and not cuts is needed and planned spending cuts should be delayed.

Will George listen?

I doubt it.

The OECD says if its advice is heeded there won’t be a recession.

But George has set his heart on one. And I bet George has always got what he’s set his heart on. So recession, here we come.

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