The interest rate on UK government 10 year bonds fell to 1.26% today.
That is the lowest UK government borrowing cost in history.
Any sane government would, as a result, be borrowing as a consequence to stimulate the economy, drive up investment, build a vision for the UK that will last for a generation and create jobs in every constituency in this country.
At least that is what I wiull be saying at a Green Party event this evening in London.
I fear Mr Osborne is not listening. He seems to think that if fianncial markets tank we should tank with them. A wise chancellor would see what is happening as an opprtunity. So would a wise opposition.
I’m not hearing that message, from anyone right now.
And that worries me.