Monday, May 30, 2011

Letter: Osborne retains international support

Your editorial (A lonely figure, 27 May) asserted that the CBI, the G20 and the OECD were "distancing themselves" from the government's deficit reduction strategy.

Would this be the same CBI whose director general said earlier this month that "we are rock solid behind the chancellor's plans to eliminate the structural deficit within a parliament" (John Cridland, Financial Times, 9 May 2011)?

Would this be the same G20 whose latest communique on deficit reduction reaffirmed the Toronto commitment which stated that "those countries with serious fiscal challenges need to accelerate the pace of consolidation"?

And would this be the same OECD whose secretary general told Sky News last week that "no way was there any signal of a change in course. We are continuing to be supportive" (Angel Gurria, Sky News, 26 May 2011)?

Far from being "lonely", the reality is that the government's economic policy is in good company.

Your characterisation of the state of the economy also ignores the fact that the UK has seen the second highest rate of job growth of any G7 country over the last year, behind Canada but level with Germany and ahead of the US. Surely that is something the Guardian should be celebrating?

Mark Hoban MP

Financial secretary to the Treasury


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Source: http://www.guardian.co.uk/politics/2011/may/30/george-osborne-retains-international-support

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