Mervyn King threw in the towel yesterday.
George Osborne had always intended to do nothing about the economy. That's because he is a cowardly politician; the sort who walk away from their responsibilities. I describe them in The Courageous State. He left the job of economy recovery to King.
And now King says the Bank of England can't do it.
Time for Plan B.
Time for the Green New Deal.
Time for a new government.