Mervyn King is warning that the victor in next week's election will be forced into austerity measures that will keep the party out of power for a generation, according to the US economist David Hale.
Dragging the Bank of England governor unwittingly into Britain's political battle, David Hale said he had been told by King at a private lunch about the likely fiscal pain ahead.
I think he's wrong.
There's a reason.
No party will never succeed in imposing these cuts.
There is only one answer - and it is tax reform of the sort I am suggesting.
That's the only viable plan there is for our economy.
Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:
There are links to this blog's glossary in the above post that explain technical terms used in it. Follow them for more explanations.
You can subscribe to this blog's daily email here.
And if you would like to support this blog you can, here:
Buy me a coffee!
[…] only hope if Cameron forms a government is that Mervyn King is right, and that labour and other progressives can get their act together in time to deliver the real […]