a That poll is no change - just noise. Your regular reminder that it takes a couple of weeks for events to show through in the polling, usually. (View Post)

What actually happened Investors responded to Osborne’s steady reductions in the deficit by accepting lower and lower rates on the debt. (View Post)

Austerity, as implement by Osborne was reducing the *increase* in government spending, each year, to less than GDP growth. (View Post)

No. There was a boom - financially unsustainable economic activity. There was, quite definitely, a bust. Brown was warned that derivatives were a bubble. A friend of mine, in the Bank Of England rese… (View Post)

What Brown did was to try and normalise the tax receipts from a mad boom. When this evaporated, we had a structural deficit of something like 8-10% (View Post)