Does high debt consign us to neverending low growth?

It is simplistic to look at straightforward tables and conclude that we can’t grow with debt levels high.

Seriously, the CBI is trying to drive us into another Depression

The CBI’s call to cut £120bn off government spending by 2015-16 (even cumulatively) is the worst piece of economic advice to be offered all year, against some pretty strong competition from The Right hon. G Osborne.