The Osborne Disaster

George Osborne is getting a well deserved hammering for his disastrous economic policies.  Many of the commentators are demanding that he adopt a Plan B, but I think in fact he has started to.  The trouble is he can't admit it, because that would be an admission that his entire economic policy has been completely wrong.  Nonetheless, quantative easing, releasing lending by banks and most recently talk of capital investment for housing and other infrastructure are all ways of admitting the economy needs a stimulus and therefore the overzealous tightening of public spending is self defeating.