Austerity, low productivity and shrinking growth – it’s the stupid economy | Letters

The latest figures indicate that UK economic growth has halved in the three months to the end of March, continuing a slowdown that began six months ago (Report, theguardian.com, 28 April). This is further evidence of how unsustainable the recovery - which is heavily reliant on consumer spending and levels of household debt relative to income - actually is.

The general election campaign has, however, been dominated by the major UK political parties looking at how they can impose further austerity, cutting the deficit and the debt through public spending cuts, rather than doing so by investing in the economy to stimulate economic growth.

He is the Daffy Duck of politics - confident and self-satisfied, leading to calamity; then he pops up again, unabashed