The McGuinty government is big on British policy imports, from the costly public-private partnerships to his recent mania for austerity.
If you want a preview of what’s going to happen in Ontario, look to Britain.
This week it became official. Britain is back in recession after having two consecutive quarters of negative growth.
Since the austerity-minded Cameron government came to power in 2010, net growth in the British economy has only been an anemic 0.4 per cent. During the last two quarters Britain’s economy has shrunk by 0.2 per cent – this at a time when they had been predicting modest growth.
While cutting taxes at the top end of the scale, Cameron’s belief in “trickle-down” economics has led to considerable criticism of his economic policies, Cameron himself described as “speaking for the few.”
Like Ontario, Cameron’s government is implementing the harshest public sector cuts in a generation.