“…There is only one thing deteriorating as fast as Britain’s public finances –
- and that is the public faith in George Osborne’s ability to deal with the problem.
A new poll yesterday showed that trust in the Chancellor is at an all-time low – with just 16 per cent of people believing that he is the right man to see the country out of the current economic woes.
They may well be right.
Because the problem facing Mr Osborne is that he has staked his political reputation of rigidly sticking to what, even in 2010, was an ambitious deficit reduction plan.
Since then, the eurozone crisis and its choking effect on worldwide business confidence and growth has played havoc with all his assumptions for GDP, borrowing and public spending…”
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