Why make them unhappy at their tender age ?
Martin Wolf in the FT.
The government bears substantial responsibility for the vulnerability of the economy and public finances and is, even now, relying on optimistic assumptions. It is not providing the fiscal insurance needed against worse outcomes. It is obvious why the government has made that choice: it does not want to frighten the horses. But the horses – the British electorate – are deluded. Since the economy is substantially smaller than expected, the size of the state has to follow. The question is how and when...
Letting the electorate into the know is – most politicians agree – not what politics is about. In such a crisis, that is more than a pity; it is a disgrace.