This is an excellent, MUST READ article from the Telegraph.
via UK economy close to ‘escape velocity’, say top economists – Telegraph.
If the article is to be believed David Cameron’s Government have carefully crafted a debt fuelled consumer spending boom based on expected house price inflation. This same government are the arch champions of austerity.
What about economic fundamentals like investment, exports, improving the UK’s competitiveness etc.?
It all smells to me like a pre-election gambit – more smoke and mirrors. If you want to focus on the real economy, take a look at John Gelmini‘s blog entitled “UK Government and Chinese Debt Crisis”