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| Version 0 | Version 1 |
|---|---|
| Economists warn on Tory cut plans | Economists warn on Tory cut plans |
| (about 4 hours later) | |
| More than 50 economists have warned Conservative plans for spending cuts this year may push the economy back into recession, it has been reported. | |
| The Daily Telegraph says 58 economists have signed the letter, of which the paper says it has seen a leaked copy. | |
| Signatories of the letter include Labour peer Lord Layard and Sir David Hendry. | Signatories of the letter include Labour peer Lord Layard and Sir David Hendry. |
| Other economists have already said a Conservative government would be right to cut the public deficit this year. | Other economists have already said a Conservative government would be right to cut the public deficit this year. |
| The economists from around the world who have signed the latest letter say the Tories' proposed £6bn efficiency savings this year are "just a cut by another name". | The economists from around the world who have signed the latest letter say the Tories' proposed £6bn efficiency savings this year are "just a cut by another name". |
| "This is not the time for such a destabilising action," they add. | "This is not the time for such a destabilising action," they add. |
| "The recovery is still fragile. Only when the recovery is well under way, will it be safe to have extra cuts in government expenditure." | "The recovery is still fragile. Only when the recovery is well under way, will it be safe to have extra cuts in government expenditure." |
| The UK economy excited recession in the last quarter of 2009 when it grew 0.4%. | The UK economy excited recession in the last quarter of 2009 when it grew 0.4%. |
| Some of the signatories also signed a letter to the Financial Times in February warning against a rapid reduction in Britain's deficit. | Some of the signatories also signed a letter to the Financial Times in February warning against a rapid reduction in Britain's deficit. |