Inbrew, more bad news for Osborne, UK manufacturing in a downwards spiral, shedding job and exporters complaining that the Government policy for exporting is a " Damp Squib"

http://www.guardian.co.uk/business/2011/dec/01/uk-factory-slowdown-reces...

http://www.prnewswire.co.uk/cgi/news/release?id=341009

Economics Nobel Laureate Paul Krugman has been busy destroying both Osborne and Cameron.

http://krugman.blogs.nytimes.com/2011/11/30/bleeding-britain/

If only it was a Thatcherite ideology; at least that way we could expect tax cuts.

'why aren't the bond markets panicking? They claimed that borrowing a billion more than planned would take Britain to the "brink of bankruptcu'
So the writers logic is that balls or labour could have borrowed more, or Osborne could have set out to borrow more and the markets would have reacted the same. hehe amusing shall we say- i think a lot of credit traders would wnjoy that one lol... hey mr eaton did u do a spell at SP circa 2003/2007, i think u must have been signing off on the subprime investments lol.
Balls was smashed up today properly a licking, even miliband had a go at him in front of evryone- admitedly i'm new to politics and i get u have to paper over the cracks, but Balls's incessant supporters here are manical, and they can't see anything-zero visibility economically and now I can see politically also. Bunch of losers and they don't get it-
It's like when Osborne pointed out that high interest rates must be a sign of success in parliament and the laughter, from their own benches haha... just to easy. lol. And they use to run defence...

The Tories are now adopting Keynesian economics.

More worrying are the coalition, instead of selling the country to their rich British pals, as they usually do, they are now actually selling the country to China and Dubai by asking them to fund the new infrastructure projects announced yesterday. Make no mistake, the Chinese and Arabs are investing to buy Britain, slice by slice and who is selling them the country, no other than the so called 'patriotic Tories'

"George Osborne's secret plan B gets under way"
Daniel Knowles, Daily Telegraph 29/11/11

Peter a straw man with a Noble Prize in Economics.

This is ridiculous. We are borrowing too much. We need to slash spending, taxes and borrowing immediately.

J Unit, it is actually worse than that. The Chinese and Dubai governments are actually going to own the enterprise zones, according to a report from the BBC and Sky. It is not borrowing. They are looking for investment from China and Dubai. Borrowing can be paid back but investment mean the final product belong to the investor.

This is an entirely systemic money created as debt problem. It is totally independent of political colours, of micro economic concerns that both Brown & Osborne choose only to manipulate, rather than the macro problem of money creation itself as debt and is thus entirely predictable. Debt HAS to increase when it is created by private banks at profit in a government backed Ponzi scheme. Building in any percentage interest and growth IS a mathematical exponential factor that REQUIRES catastrophic explosion or implosion. For were debt to decrease we would know the economy had just imploded, the money supply had shrunk that hyper inflation or its nemeses currency collapse (ATM's empty) was occurring and that food and civilian fuel supply was about to be rationed. The solution is simplicity itself: return money creation to a public utility for the people by the people positivemoney.org.uk is a good place to learn the truth on this devastating blind spot perpetrated by media, banks, governments and mainstream economic, so called professionals and schools.

"With glorious irony, the national debt will now be higher under the coalition (78 per cent of GDP in 2014-15) than it would have been under Labour (74 per cent of GDP)."

You can't possibly know this. Labour would still have faced high inflation, still have faced stalling growth in the Eurozone and still have faced rising unemployment and hence higher borrowing. In other words, Labour's projected borrowing would have overshot what they expected.

Before 2008 and the banking crisis, Labour borrowed £350Bn and spent it. They did not invest it but instead used it to grow the public sector to win votes. They left the UK's biggest structural deficit behind them. Now our kids have to pay it back and do not enjoy the benefits.

Please can we not rewrite history. The structural deficit was caused by Labour who, according to Alistair, have no credible plan for fixing it. May be Alistair was wrong?

Balls plan B is to increase borrowing and use the money to treat voters e.g. by reducing VAT (so that more money will leak overseas buying cheap imports) rather than reducing NI or corportation tax which would create wealth.

Milibandwagon's plan B is ... err... follow what the coalition are doing.