The British economy has rallied – but, based as it is on debt, low interest rates and printed money, the good times can’t last, says John Stepek.
Last week was a good one for Chancellor George Osborne. He used his Autumn Statement as an extended opportunity to rub the opposition’s face in Britain’s economic recovery.
There were no big headline-grabbing changes, just a general sense that things were going as he’d planned (and after all, why splash out on any big giveaways when there are still 18 months to go until the election?).
His shadow, Ed Balls, was [...]
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