Commentary on local democracy and other matters in Brent by James Powney
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Monday, 31 December 2012
Ending the year with Robert Skidelsky's assessment of where economic policy went wrong. I think he overestimates the universality of the error. A lot of people saw the likely effect of austerity but George Osborne persisted anyway. Less obvious was the limited effect of quantitative easing which has failed to stimulate the economy or lead to higher inflation.