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Higher interest rates, more business failures, sharper rises in unemployment, and potentially even a catastrophic loss of confidence and the end of the recovery.
If they were not implemented, he warned, Britain would experience "higher interest rates, more business failures, sharper rises in unemployment and potentially even a catastrophic loss of confidence and the end of the recovery.
Other European Union countries such as Spain and Ireland are seeing even sharper rises in unemployment, as Europe's economies head into what European Commission forecasts suggest may be their worst year since the 1970s (see chart).
Back in June 2010, when George Osborne unveiled the Cameron government's austerity plan, it was all about confidence: Higher interest rates, more business failures, sharper rises in unemployment, and potentially even a catastrophic loss of confidence and the end of the recovery.
Osborne prefaced his announcements by telling MPs that unless the government took concrete measures to tackle debt, the consequences would be "higher interest rates, more business failures, sharper rises in unemployment and a potentially catastrophic loss of confidence and the end of the recovery".
The findings chime with a recent assessment from the Office for National Statistics in which it found that London rental prices were seeing sharper rises than the rest of the country.
Similar(49)
That move could cause an even sharper rise in the yen.
In addition, FS cells' EPSCs may have faster kinetics, as they exhibit sharper rising phases.
This effect reflected a sharper rise in quality of life with younger age across both groups.
But amid that are some sharp rises.
The third impact will be sharp rises in prices.
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CEO of Professional Science Editing for Scientists @ prosciediting.com