UG
UK government spending cuts
Topic
What experts have said about UK government spending cuts
1 statement · 1 negative
Cuts to government spending slow economic growth through reduced demand and business financing.
“cutting back government spending, meaning people have less money in their pockets to spend, meaning there's less economic activity, meaning you've got to go into debt to be able to start a business. All these things end up slowing down the rate of economic growth”
Open the episode · Financial Crash Expert: He Predicted The 2008 Crash, Now He Says Capitalism Failed, It’s Too Late!Listen at 20:19
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
