Opinion -Osborne has now been proved wrong on austerity – Martin Wolf -FT.com – John Gelmini

George Osborne has been proved wrong on austerity because he failed to match it with a corresponding growth strategy based on export led growth and because the austerity programs have gone on for far too long.

Canada and Ireland had intensive austerity for two years, only as a “short sharp shock”, applied across the board, coupled with strategies for growth and that attraction of inward investment.

In that sense, I agree with Dr Alf and the FT article about George Osborne who in my view is a “one club golfer” without a proper idea of fairness.

John Gelmini

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