{"id":6499,"date":"2010-03-31T08:52:04","date_gmt":"2010-03-31T06:52:04","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=6499"},"modified":"2010-03-31T08:52:04","modified_gmt":"2010-03-31T06:52:04","slug":"gdp-up-%e2%80%93-thanks-to-public-spending","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2010\/03\/31\/gdp-up-%e2%80%93-thanks-to-public-spending\/","title":{"rendered":"GDP up \u00e2\u20ac\u201c thanks to public spending"},"content":{"rendered":"<p><a href=\"http:\/\/www.guardian.co.uk\/business\/2010\/mar\/30\/gdp-up-public-spending-car-scrappage\">GDP up \u2014 thanks to public spending and car scrappage | \t\t\t\tBusiness | \t\t\t\tThe Guardian <\/a>.<\/p>\n<p>The Guardian reports:<\/p>\n<blockquote><p><a title=\"More from guardian.co.uk on Alistair Darling\" href=\"http:\/\/www.guardian.co.uk\/politics\/alistairdarling\">Alistair Darling<\/a>'s insistence that the economy would still be stuck in recession without a leg-up from the Treasury was boosted today by news that public spending and the <a title=\"More from guardian.co.uk on Car scrappage\" href=\"http:\/\/www.guardian.co.uk\/business\/car-scrappage\">car scrappage<\/a> scheme had been essential to generating a recovery in the final quarter of 2009.<\/p>\n<p>While GDP growth at the end of last year was a better than expected 0.4%, according to the Office for National Statistics \u2014 up from its previous estimate of 0.3% \u2014 analysts said the detailed new figures revealed that taxpayers' support had been critical in generating the first quarter of expansion since spring 2008.<\/p><\/blockquote>\n<p>Of course that's the case.<\/p>\n<p>The private sector cannot make up the slack in the economy at present. Only the state can. Which is why cuts make no sense at all and a Green New Deal does.<\/p>\n<p>The reality is simple: we need more state spending now, not less. There is no other way out of this situation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GDP up \u2014 thanks to public spending and car scrappage | Business | The Guardian . The Guardian reports: Alistair Darling&#8217;s insistence that the economy<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2010\/03\/31\/gdp-up-%e2%80%93-thanks-to-public-spending\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-6499","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/6499","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=6499"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/6499\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=6499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=6499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=6499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}