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Chasing the wrong deficit

Britain can restore economic prosperity by rediscovering its love of bankers.

By Anatole Kaletsky   February 2015

Deficit reduction isn't just difficult politically © Barry Solow

Nice economy, shame about the politics. This seems a fair summary of the conventional wisdom on the state of Britain as it heads towards the general election. But is the economic outlook really that much better than the political mess which almost everyone expects to be disgorged by the ballot boxes on 7th May?

The widespread impression that Britain’s economy has recently enjoyed some kind of renaissance and has done significantly better than…

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