Comments by "Greg Greg" (@SlowhandGreg) on "'Tough road ahead' warns Chancellor as economy contracts" video.

  1. Austerity is a political choice Look up economic Multiplier Effect For Osbourne's Austerity it was 1.6 and the scale of it has caused all sorts of other economic ripple effects Ex no discharge space for elderly patients with severe dementia and mental illness issues local budgets were slashed and the places closed down, nurses pay has led to a meteoric rise in agency staff at double/treble the cost of an in house nurse
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  2. It's worse than that look up economic multiplier This is a quick synopsis we have a tax base of around 33% give a nurse an extra £1 1/3 goes back in tax the economic multiplier is 1.6 so ther is £1.60 additional economic activity that the £1 generates in the local economy which is also taxed. Hence economic stagnation
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