Labour leader Ed Miliband says 2011 will be “a year of consequences” for Britain as the coalition Government’s rapid deficit reduction efforts filter through to the economy.
In his New Year message, Miliband accuses the Government of cutting the shortfall at an “irresponsible pace and scale”.
Miliband says: “2011 will be a year of consequences for Britain. Consequences that will be felt by hardworking families across the country. Consequences of the decision taken to reduce the deficit at what I believe to be an irresponsible pace and scale.”
In March, the Office for National Statistics said net Government borrowing had reached £159.8bn.
The message follows a warning from the Trades Union Congress that 2011 will be a “horrible year” for society and Government. In an interview with The Times, Public and Commercial Services Union leader Mark Serwotka says strikes are “inevitable”.