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Originally Posted by Kizzy
Revised down is tory speak for we lied about productivity and growth to win an election.
Nobody has ever suggested 0hr contracts have no place, they have a specific place it's when you use them to reduce workers employment rights in certain sectors they become an issue.
People are considerably worse off so where the sense of optimism in the face of austerity is coming from I don't know.
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It's the Bank of England who set the original growth forecast and they who have just revised it down, it's not the government.
The optimism comes from the fact that our economy is undeniably more stable now than it has been for a long time. The general consensus seems to be that that will be reflected in living standards soon:
http://www.ft.com/cms/s/0/d5e2997c-9...#axzz3a6LDaL9P
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Economists are confident that 2015 will be the year households finally see real rises in their standard of living. But they warn that many will still feel poorer than before the crisis.
All but six of the respondents to the Financial Times annual economists’ survey* felt that a combination of falling oil prices and wages finally starting to increase would boost households, after years of falling real incomes
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