Short term, asset led boom will create misery

Andrew Marr quotes Steve Davies

Andrew Marr quoted Steve Davies regarding the current state of the economy.

Dr. Davies argued that the governments current plans will not lead to sustainable growth but will result in bad growth led by consumer spending and borrowing which will ultimately be unsustainable. This will mean more misery for savers as interest rates drop.

Watch the full programme here. Segment begins at 51:12.00.