What a week for economic and political news! Unemployment down, National Income (GDP) Down, IMF & Goldman Sachs say Austerity isn’t working, Clegg and Boris agree and argue for increased capital expenditure (Houses and Transport projects). Is it the turning point in this government’s fortunes? It’s clear Plan A isn’t working and Larry Elliott in the Guardian says it better than I can.
Dave Cameron’s response to this is to say that the Tory party will offer an in/out referendum on Europe in the next Parliament, if he wins a majority. Not sure you’re on the right page. It’s still the economy, stupid!
Was this the new Black Wednesday?