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Road to ruin.

GEORGE Osborne is, as Labour's Ed Balls put it, at a fork in the road.

The Chancellor can either act to save the British economy or be paralysed like a rabbit in the headlights and watch it crash.

The growthless recovery and squeezed living standards are a damning indictment of young Mr Osborne's public spending cuts. The novice in the Treasury has dogmatically failed to read the runes.

Reversing the Tories' pounds 12billion VAT hike - an increase that a mendacious Mr Osborne insisted, in opposition, he had "no plans" to introduce - would boost prosperity and jobs.

We're not, however, holding our breath.

Mr Balls has probably forgotten more about the economy than Mr Osborne will ever know. And Conservatives consider misery a price worth paying to impose Thatchernomics with a Cameron smile.
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Title Annotation:Editorial; Opinion, Leading articles
Publication:The Mirror (London, England)
Date:Jun 17, 2011
Words:132
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