I am in “I told you so” mode. In August 2009 – months before the General Election – I asked the question:
Would a Cameron/Osborne Government plunge the UK back into deep recession?
I described this as
The nightmare scenario
“I have had a nightmare: David Cameron and the Conservatives win a General Election next summer, despite slow but steady improvement in the UK economy; George Osborne is appointed Chancellor and slashes public spending and hikes the VAT rate up to 20%; and then it all gets a whole lot worse ….”
Now, as we listen to George Osborne and Government Ministers softening us up for next week’s Autumn Statement and the acknowledgement that we are heading for a double-dip recession, it is no consolation to realisation that my nightmare seems to be coming true.