Report comment

Those of us you have been around perhaps for a few decades longer than most solicitors can remember those far off days when the "balance of payments" was the only thing that mattered. In order to survive & thrive the UK MUST export more & import less. But that economists' fad passed.

Then there was the period when "control of the money supply" was all that mattered in order to curb inflation & return the UK economy to health. But that economists' fad passed.

Today eliminating the deficit is all that matters in order to restore prosperity & growth to the UK economy. We must have austerity & belt-tightening.

That economists' fad will also pass in a year or two.

Alas by then misguided government policies will have wrought much havoc.