'Cameron and Osborne have failed in their central goal of cutting the deficit and debt precisely because their austerity policies – combined with a refusal to get a grip on the banks, falling real wages and the boomerang effect of the eurozone crisis – are squeezing the life out of the economy' writes Seumas Milne in the Guardian in a scathing critique of the Coalition Government's economic policies. He cautions against the very real danger of Labour locking itself into the Con Dem austerity agenda in order to boost its credibility with the financial markets, right wing media and other vested interests. 'As the experience of its sister parties in Europe has shown, that would be a calamity for Labour – but also for Britain'
http://www.guardian.co.uk/commentisfree/2013/feb/26/george-osborne-has-not-just-failed
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