Autumn Statement: A political chancellor’s delusional plan – Martin Wolf – FT.com

This is a good article from Martin Wolf, the FT‘s chief economic commentator. Check it out!

via Autumn Statement: A political chancellor’s delusional plan – FT.com.

This is a very hard-hitting article which reminds us that George Osborne has always been light on economics and long in his political agendas.

Wolf has surgically dissected Osborne’s record and takes a dim view of his proposals for the future. Most critically, he also recognizes that the Labour Party does not have credible plans for effective economic management.

Personally, I expect political shock treatment in the UK whichever party returns to power.

The critical question for me is:

What’s the risk of the UK facing a major economic slump in the next five years, following a geo-political crisis?

Thoughts?