http://www.theguardian.com/politics/201 ... y-recovery

Let him be the first to say it?

I take it this is his, 'You can't get rid of us now, we're too far down the road' bit. I wonder was Carney a happy accident for Osborne in that he seems to have a vague clue at least; maybe he's coaching George!

There is no reason to invest if there is no demand for goods. If the public are still too overwhelmed by private debt then their ability to spend or borrow is hampered. Our economy has been dependent on credit growth to get it out its mess for decades and eventually you cannot borrow any more. That is what is happening to the majority of the public.

It sounds like he's suggesting the private sector should invest blindly - sort of "if you build it, he will come". In other words, a lot like what he lambasted Labour for suggesting.

I think that they might have got involved in infrastructure programs that we could do with anyway.