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- 28 Nov 2008
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The Daily Telegraph said 58 economists from around the world had signed a letter warning the recovery remained "fragile" and "rash action" could lead to spiralling job losses.
Fortunately, cutting some waste (not even cutting all of it that has been identified by the government) this year rather than in 10 months time is not 'rash' action, and less than 1% of Government spending is not going to topple the economy.
The letter as been orchestrated by at least three Labour peers.