What did you worry about most during our generally rubbish election campaign? My guess is it wasn't economics. The majority of our political conversation was about social care, nuclear weapons, terrorism prevention and policing. These are all important, but how we deal with them depends on the underlying strength of our economy and it is odd how little this has featured.
We do, after all, have some very serious problems on our hands. We have an unsustainably large national debt. We have a consumer credit bubble. Everything to do with money has been hugely distorted by the behaviour of our uncontrollable central banks. We have super-slow productivity growth. And, while we know that tax is a huge behaviour changer in the UK (anyone in doubt should look to the effect tax-relief changes are having on the buy-to-let market), we have a tax system that everyone agrees is rubbish.
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