Original sentence: Despite this loss, an IFS/Oxford Economics report in February 2012 still judged that "there is currently a significant amount of spare capacity in the UK economy" that would be lost if Osborne's policies were left unchanged.One Goldman Sachs analyst noted the official story, that the UK has permanently lost at least 7-8% of national output in this crisis, means that Osborne's stewardship has done more lasting damage to our economic potential than either World War II or the Great Depression.The official story, that the financial crisis had caused such a major and permanent loss of productive capacity, was also rebutted by Cambridge economists Bill Martin and Robert Rowthorn: "Supply-side pessimists are at a loss properly to explain the causes of the alleged structural damage to the economy's capacity and productivity"
Edited sentence: Despite this loss, an IFS/Oxford Economics report in February 2012 still judged that "there is currently a significant amount of spare capacity in the UK economy" for Osborne to kill off.One Goldman Sachs analyst noted the official story, that the UK has permanently lost at least 7-8% of national output in this crisis, means that the Osborne's stewardship has done more lasting damage to our economic potential than either World War II or the Great Depression.The official story, that the financial crisis had caused such a major and permanent loss of productive capacity, was rebutted by Cambridge economists Bill Martin and Robert Rowthorn: "Supply-side pessimists are at a loss properly to explain the causes of the alleged structural damage to the economy's capacity and productivity"