Friday, February 04, 2011

Plan B

Much has been made in the media and political circles about George Osborne's apparent lack of a "Plan B", in the event that his austerity plan goes awry.

Realistically these calls for a public declaration of a Plan B are absurd.

Were Osborne to publicly admit to there being a Plan B, it would be tantamount to admitting that he doesn't have faith in his preferred course of action. Given that economies and markets work on the basis of fear, emotion and greed such an admission would send the economy into a tailspin.

That being said, it would be extremely advisable for Osborne to have a Plan B (albeit a secret one) waiting in the wings.

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