Now the economy is growing and re-balancing away from debt and excessive public spending, one can only smile in contempt at the latest attack on the government’s economic policy by Labour.
Having now abandoned their claims that the tough measures taken to reduce the deficit and re-balance the economy would result in mass unemployment, Ed Miliband is now attacking the government over a lack of growth in living standards. So what is Labour proposing? To increasing borrowing, which would result in a loss of confidence causing mortgage rates to rocket and inward investment in Britain to collapse. They have learned nothing from their economic mismanagement of the past.