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Will 2015 be the year when the UK awakes to how disastrous right-wing economic, political, military ideology has been?

The end of 2014 has certainly brought home some hard economic truths.   Osborne told us he had a long-term economic plan and it was working because the UK had the fastest-growing economy in the G7.   Well, it isn’t: the UK economy is now growing at only half the rate of the US economy, and even Australia is now growing faster than the UK.   Worse, the UK economy is slowing,   David Kern, chief economist at the British Chambers of Commerce, comments that “the stark revision (downward) in annual growth confirms that the pace of recovery is slowing.”   The budget deficit, which according to Osborne’s long-term economic plan, was supposed now to be £40bn is actually £100bn.   Worse, the deficit is now beginning to rise, not fall at all.   The re-balancing of the economy, another key part of the government’s long-term economic plan, hasn’t materialised and in fact has got much worse.    Kern again: “the current balance of payments deficit has risen to an unsustainably high level….owing to the fall in net investment”.   Business investors clearly don’t believe Osborne either.
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