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JAN 26, 2013 - The Guardian

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George Osborne's austerity plan 'risks lost decade' for UK economy

Top Goldman Sachs banker Jim O'Neill joins growing criticism of chancellor's pursuit of deficit reduction in face of stagnationGeorge Osborne should recognise that his deficit-reduction programme is failing and change economic policy to avoid a triple-dip recession, a senior investment banker has warned.Jim O'Neill, the chairman of Goldman Sachs Asset Management, said the chancellor's continued pursuit of austerity despite signs that the economy was stagnating, including worse-than-expected GDP figures, risked a lost decade for the British economy with low growth and increasing public ... Read More

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