In case the reader needs reassurance that Osborne is a failed Chancellor, you only have to look at what the financial services people are saying. A couple of weeks ago, Citywire ran with this headline, “Hooray for the (debt-fuelled) UK recovery!”
How about this funny analysis from the stockbroker Hargreaves Lansdowne: “Former US president Abraham Lincoln has been credited with saying the problem with politics is you can never please all of the people all of the time. In a more contemporary setting and with the UK yet to regain ground lost during the 2008-09 recession chancellor of the exchequer George Osborne has struggled to please anyone at any time since stepping into 11 Downing Street three years ago.”
However, the one thing that the Tories do massively better than Labour is this: When they are down, they come out fighting. Even when the world took note that Keynes had won and austerity lost, they carried on fighting. The question is, what does Labour do? Has Ed Miliband and Ed balls given up? Do we only have an opposition on a Wednesday lunchtime?
Read the rest of this entry »