Osborne's cuts are not enough

Richard Wellings appears on BBC Radio London

Richard Wellings appeared on BBC Radio London to discuss the spending review.

Dr. Wellings argued that although £11.5 billion has been cut, it is a relatively small percentage of what the government is spending and if the economy does not grow then unemployment is not going to improve. Dr. Wellings suggested that deregulation was more likely to help the economy, as the government had intended but appear to have forgotten about, partly due to restraints from the EU. Any external shock, for instance an oil crisis in the Middle East, or further crisis in the Eurozone, could mean any hope of recovery is a long way off.

Listen to the full programme here. Segment begins at 13:15.