Monday, 15 March 2010
Is the Government creating a double-dip to scare voters?
However, the Bank of England today thinks the labour market is still very tricky, house prices are falling and the weak pound is yet to feed through to improving exports. All in all a bad set of results which suggests the Country is an a terribly weka economic state.
On top of this, The Labour Government now has no stimulus plans for the economy, is refusing to lower taxes to spur growth and is doing very little to stop an oncoming wave of strikes. None of this is supportive of the UK economy; quite the opposite, it seems that to suit their political ends labour are quite happy for the economy to deteriorate for a couple of months. Why?
- Their election campaign of pure negative attacks on the the Tories can benefit from saying they Tories would cut more and s make things worse; even when they are doing nothing themselves.
- If this still does not work to win them the election; they are leaving a wose position for the Tories to take-over in any event.
So what can Labour to to make sure this happens?
Well much of the work is already done, in not actually doing anything and the Chancellor has been out at the weekend saying his budget will be a do nothing budget. At a time when urgent actvity and strategic change is needed, we get nothing from a Government more concerned with electronic tagging of dogs.
So it's lose-lose for Britain and win-win for Labour.