Last week’s announcement, of year on year and quarterly GDP growth figures, has confirmed that the coalition government’s approach to the deficit and public services is damaging the economy.
GDP only rose 0.2% in the 2nd quarter of 2011.
Green Party Deputy Leader Adrian Ramsay commented, “The ONS report shows that the Coalition is cutting too far, too fast. The increased cost of living, combined with growing uncertainty over employment, is choking consumer confidence – and consequently the UK’s recovery.
“But GDP, as a measurement has its own failings. GDP does not take living within the ecological limits of the planet into account and emphasises quantity over quality.
“The Green Party would rather have a goal for Britain to be a richer society, a society defined by a fairer distribution of wealth, more equality, and strengthened local economies, rather than solely on GDP growth.
“We think the government needs to give far more support to British manufacturing, through investing in training opportunities, and ensuring government contracts are used to build up domestic manufacturing companies.”