I had intended that this blog was going to be topical and up to the minute. However, following the disappointment of last week’s non-Budget, I thought I would take some time to reflect on what actually needs to happen in the economy.
It is clear that the current government doesn’t have a clue what to do, but I wouldn’t be so sure that the opposition would do any better if they were in charge. If you remember, they were once led by a man who had prided himself on being the UK’s most prudent Chancellor, whereas he was actually the man holding the reins of a runaway cart, thinking he was in control but hoping desperately that a wheel didn’t come off. I don’t think either that the government’s lack of ideas is anything to do with it being a coalition, although the three best economists in government have no influence over the budget or economic policy, by dint of being either from the wrong party or too old.