Is it too far !  too fast ?

 

British economy ! struggling at the gates of recovery . 

All this time we had the Prime Minister and the Deputy Prime Minister were singing from the same hymn sheet. But for the first time we are starting to see a thin layer of division between them as far as the economy is concerned.

we all know what happened to the British economy is not something that happened due to the policies of the government of that day. It would have been a factor which encouraged the deterioration of the economical state.

It was a challenge at 2010 for any party to take on the remedial task of the dire economical situation of that time. Unfortunately not any single party won the election outright and resulted in the most unlikely alliance of conservative party and liberal democrats in a coalition government.

it is not my intention of repeating the storey followed that. But one thing was evident that Mr.Cameron and Mr.Clegg has been united in claiming that they are together in tackling the economical situation in the interest of the nation.

the policies that were formulated by the chancellor was supported by Mr.Clegg and co  and was defended as the only way out of the dire economical situation.

now that the midterm of the government has passed without any evidence of massive success of the policies that were carried out by this government unlike previously the most part of the blame falls on the shoulders of this government squarely.

As the next general election is just over couple of years ahead the prime minister and his deputy are slowly airing their divisions.

Is it purely because of safe guarding their party`s interest having the elections in mind or is it because they genuinely feel that there is points of difference between them on the policies that were pursued by the government.

From the beginning the argument put forward by the opposition Labour party that the cuts they are introducing is far too much and is being applied far too fast. Especially the capital expenditure was cut far too much hence suppressing the recovery of the economy.

It is now looks as if the Business secretary Mr,Cable and the Chancellor Mr.Osborne are at odds . It is also evident that Deputy Prime Minister is aligning himself with the Business secretary.

it is also being rumoured that there is a split with the Coalition cabinet as to how the budget should evolve.

The crucial day is march the 20th in which Chancellor will be publishing his budget.

Was it too far , too fast ?

Sakthi Sakthithasan

07.03.2013