The Verdict On George Osborne And Britain's Economic Policies

Simon Wren-Lewis is a highly regarded economist at Oxford.  He usually sticks to economics without venturing into politics.  In this article he explains why he believes that Britain has been wrong to follow the advice of George Osborne on monetary policy.  He argues that Britain's economy will suffer from another dip into into recession.  This could have been avoided if monetary policy had been used to prevent the recession.  He argues that George Osborne has put political objectives and ideology ahead of the best interest of his country.  He believes that Osborne is using budget deficits as an excuse to shrink the size of government in the UK.