This is an EXCELLENT READ from Oxford economist, Simon Wren-Lewis. Check it out!
Like Wren-Lewis, I too believe that UK Chancellor, George Osborne‘s economic forecasts are not sustainable. The plans are based upon too much austerity and policies across government have been short-term and reactive, not holistic or strategic, against a vision. Wren-Lewis cites the evidence of the much respected Institute of Fiscal Studies. For another excellent analysis of the macroeconomic battleground see the research published by the Fabian Society entitled Fabian Society – 2030 – Vision.
What has truly amazed me over the last three years that I have been blogging is the extent to which politicians have ignored evidence, in favor of short-term political advantage, based upon ideology. David Cameron’s Government has been like a political butterfly jumping from flower to flower.
The Conservative Party Central Office seems to be dominated by whites from privileged backgrounds with elitist education, drawn from their sponsors, the top 1%. Paradoxically, they have deliberately targeted gays and ethnic minorities, ignoring traditional Middle-class Tory voters.
Let me turn this to an open question:
What will the Millennials want from the UK’s next government?