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Posts Tagged ‘ Economy ’

Bernard Szczech, chief executive of IBM Services UK, recently praised the City Council and the City’s Mayor, Sir Peter Soulsby for creating a business friendly environment in Leicester which lured IBM to the city. He was speaking in Parliament, less than a week after announcing the US multi-national was setting up a major IT centre in the city and creating 300 hi-tech jobs.

Mr Szczech said, “We love Leicester, we love the city, we love the work you are doing there and the great transport links and also the really good pool of graduates we are hoping will work with us in Leicester.”

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Other Leicester Mercury articles on IBM’s move to Leicester can be found at :

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The Conservative Party had as one of it’s key benchmark’s of economic competence, the retaining of Britain’s triple-A credit rating. This was unceremoniously shattered by the credit rating agency, Moody’s, who downgraded it from AAA to AA1. George Osborne is fast becoming known as the “downgraded chancellor”. His growth forecasts have been downgraded time and time again and his forecasts for dealing with the deficit and debt constantly missed.

UK’s credit rating cut humiliating, Labour says – BBC News

The economy is teetering on the edge of a triple-dip recession and this Tory Chancellor has brought to pass all the doomsday scenarios he said the Labour Party would bring about if it is was re-elected at the last general election.

He is a part-time chancellor and even his own backbenchers are openly worrying that he doesn’t know what he’s doing!

‘Genius George’ must go, say backbenchers – The Sunday Times

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In today’s Autumn Statement. the Chancellor, George Osborne, revealed that he would have to borrow £111 billion more over the life of this parliament than had been stated in the March 2011 Budget, barely 8 months ago. The Chancellor’s plan has completely failed and lies in tatters and as the Shadow Chancellor, Ed Balls, writes the government’s reckless gamble with our economy has failed.

The government’s own Office for Budget Responsibility has significantly cut growth figures for all the years up to 2015 and the Prime Minister’s much lauded aim of balancing the books by the end of his term of office is now unlikely to be met. Unemployment is likely to grow and further attacks are being made on hard working families by either cutting or freezing child/working tax credits.

We can argue about the figures and look at all the analysis by the experts but ordinary people know it’s hurting their incomes and making life very hard for them.

This government is failing on managing the economy effectively and is having to borrow more, not to invest in schools and hospitals, but paying for higher benefit bills. It is back to the 1980s for the Tories and unfortunately for all of us as well! The lib dems were against the Tory slash and burn tactics right up to a few days after the general election but are now fervently helping their Tory friends to help dismantle Labour’s investments up and down this country.

Labour has set out its 5-Point Economic Plan to put into action straightaway to get the economy moving.

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