This is an excellent and MUST READ article by Peter Coy published by Businessweek. Check it out!
Personally, I identify with the conclusions in Peter Coy’s article and think David Cameron is heading for a prolonged storm, with economic, social and political fallout. In my view, there has simply been too much focus on short-term austerity and not attention to growth. I favor the IMF‘s approach of borrowing an extra £10 billion this year and investing it in quality infrastructure projects.