Conservative economic policy finally paying dividend

Conservative economic policy finally paying dividend

It has been a good summer for the Conservative party and a very good summer for George Osborne, finally the Economy is moving in the right direction.  The 2012 budget was an absolute shambles and pressure was building not just on the Chancellor but also the government, but since the latest budget there has been a steady stream of good news for the Government.

We have recently seen the number of houses with nobody in work drop to a record low, which shows some success from the governments controversial welfare reforms.  More good news came today when the UK service sector grew at the fastest rate for 6 years, and we are expecting to see growth in the manufacturing sector as well.  Also recent growth in the EU has been driven by the UK and a recent revision of economic growth numbers has shown that the UK did not just avoid a triple dip recession we actually avoided a double dip recession.

A final piece of good news for the government is that today Ed Balls wrote a piece for the Guardian in which even he has finally admitted the economy is moving in the right direction.  He did not give any credit to Conservative economic policy though, however it is fair to say it is more likely that the growth in the economy was due to Conservative policy than Labour policy.  In fact the recent good news about the economy has once again illustrated Labours own lack of economic policies.