Dr Alf’s Two Cents: Austerity Has Diminished Britain—and Cameron, Too – Businessweek

austerity

austerity (Photo credit: 401(K) 2013)

This is an excellent and MUST READ article by Peter Coy published by Businessweek. Check it out!

Austerity Has Diminished Britain—and Cameron, Too – Businessweek.

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.

Any thoughts?

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