These are useful points. But the sustainability of the Osborne recovery is also to be questioned, with the rate of net UK investment one of the lowest in Europe and with imports still running higher than exports by 5% or so. Focusing on the public expenditure deficit and public debt has directed attention away from the foreign exchange deficit and domestic investment.
Richard
Prof Richard Jolly
Institute of Development Studies
University of Sussex
Richard
Prof Richard Jolly
Institute of Development Studies
University of Sussex