Students protesting & enjoying themselves at London Anti-Austerity Rally

Austerity 2.0

While George Osborne imposed fiscal tightening on an economy that was growing, Jeremy Hunt’s tightening will hit an economy that is in recession.

Dark clouds over the city of London, England

The credit squeeze is here

The latest Deloitte survey of Chief Financial Officers, released today, finds that a 12-year period of easy credit conditions is drawing to an end. CFOs are rating credit as being more costly than at any time since 2010.