Observer editorial on British economy policy

Powerful piece here:

The economic conditions through which Britain is living reflect a disgraceful abdication of responsibility by a government that has consigned millions of lives to unnecessary and avoidable hardship and great anxiety about their future prospects. It is simply wrong to blame this on the economic tsunami sweeping through Europe. Clearly a break-up of the euro would hit the UK hard and add greatly to the peril we face. But that has not happened yet and might still be avoided. What is clear is that Britain confronts this risk from a position of great weakness in substantial measure because of the economic strategy being pursued by the coalition government, whose leaders shamelessly blame an event that has not occurred for their mistakes. The true problem is that the framework in which economic policy is cast is 100% wrong. [continues]

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