Earlier in November, the TUC said that an analysis by the Institute for Fiscal Studies showed that the Chancellor's economic strategy is failing 'on all counts'. The IFS warned that the Chancellor may have to abandon his fiscal target on falling debt and announce more spending cuts after 2015.
In other economic news last month, the TUC reacted cautiously to news that the Bank of England is to transfer the excess cash from its quantitative easing programme - worth some £35bn - to the Treasury. The TUC said it was little more than an accounting sleight of hand.
TUC on IFS study @
http://www.tuc.org.uk/economy/tuc-21701-f0.cfm
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