Blog
Matthew Taylor
Notwithstanding my Kerry Katona like mood swings, I find myself increasingly convinced that the economic downturn is going to be very, very bad; so much so that our lives and our country will never be the same again. Even if we have seen the beginning of the end of the problems in the financial sector (and there is still a huge amount of leveraging to unwind), and even if the economy starts to pick up slowly towards the end of next year, we then face severe cuts in public investment. On the one hand, this could kill off any recovery (as we now know, much of the job creation of the last decade has been in the publicly funded sector) while on the other, we will all suffer diminished public provision and many will face real hardship.