Monday, October 31, 2011

The Two-Step Goes International

We must cut spending to save the economy and, also, too, increase it to save the economy.

On the eve of the release of the latest growth figures, Clegg outlined the second tranche of regional growth fund investment, worth £950m, which he said would ensure that public money gets "more bangs for our bucks" in creating growth and reducing the country's dependence on the financial services sector.

Clegg said the funds would create or safeguard 325,000 jobs as he rejected criticisms of the length of time it is taking for the money to reach businesses.