Bank expert claims enforcing budget cuts ‘unnecessary’

The Government should be allowed to ease up on fiscal consolidation in the budget, David Blanchflower, a former member of the Bank of England’s Monetary Policy Committee has said.

“There is no economics you can bring to bear that says you have to do this in three weeks or 10 weeks.

“Right now there are significant downside risks to what is going on especially from what is happening in the US.