Economists warn deep spending cuts would be 'dangerous'

Their intervention comes less than a week after 20 of their colleagues wrote to The Sunday Times in support of the Conservatives' plan to rein in spending more vigorously. But in two letters that will be seen as largely supportive of Alistair Darling, the Chancellor, the economists argue that a "sharp shock" to public spending would be "positively dangerous". The 67 signatories include Sir Andrew