"The UK (in common with other industrialised countries) has continued to lose manufacturing jobs. Those jobs, as is well known, are now being done in China and other emerging economies, but Brits still consume the products. In other words, no matter how good the country’s performance may look on paper, global carbon dioxide emissions continue to rise."
So we shouldn't kid ourselves that if we continue to make cuts we will continue to grow the economy. Anyone should see that cutting will get ever harder and more costly as more and more industries close due to adverse energy costs. More and more imports will be needed. It is not "win-win", but more like "lose-lose"!