News from the New Party

Heads in the sand

This is a little over-optimistic, to say the least.  While business confidence may be at a two-year high (which in itself isn't saying much), and while other countries around the world may now be starting to see those much vaunted green shoots, the British economy will come out of this recession with an almighty hangover.

With public finances a complete disaster area, the future hardly looks rosy.  Public sector cuts or tax rises?  We'll certainly end up with one, and probably end up with both, whoever wins the general election.  We may even have to add runaway inflation and rocketing interest rates into the mix. 

An end to recession will not be the end of the story: just the end of the first chapter.   The light at the end of the tunnel is still a long way off.