For many years Bill Clinton's dictum ‘it’s the economy stupid’ was superseded in local politics by ‘it’s the constitution stupid’. The constitutional question in large part determined which party a voter chose. Thankfully that issue seems to have been settled, at least for the time being, and the economy is now assuming centre stage. While Labour and Conservative argue over whether British society is broken there is general agreement that the economy is broken. Signs are that it may be precariously balanced on the verge of recovery but we are warned there will be hard times ahead. Continue reading
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