The government’s going to have a hard time ‘earning its way out’ of this recession, says Rebecca Benneyworth.
Key pointsThe Chancellor’s growth predictions are too optimistic. Growth figures are based on the unsustainable expansion of the financial services sector. By 2015 national debt is projected to reach 80% of GDP. We cannot pay back this high level of debt and the IMF will not be able to bail us out this time.


