Grrr.

I hate to say it but I am deeply disappointed, nay angry, that a Conservative Chancellor can have given the go ahead for more quantitative easing. The QE that has already taken place has done nothing to encourage growth. Indeed the reverse as it has brought inflation in its wake and thus has made goods more expensive, led to diminished sales and slowed the economy. Already Mervyn King is somewhat of an iffy economist having been one of those opposed to Mrs Thatcher's economic medicine all those years ago and been proved comprehensively wrong. Osborne should have stood up to him and the other members of the Committee which still has on it members chosen by Brown. There will be no bright dawn now and if the opposition were not so discredited themselves there would be no likelihood of a Conservative victory at the next election. The Tories will be seen as having got their economic policy massively wrong and voters will wonder which of the parties is the bigger disaster on this vital issue. Until this moment there would have been no doubt that they would have viewed Labour as economic illiterates but now they will have to choose which is the lesser illiterate of the two main parties. Up until this moment I was quietly pleased with the way the Conservatives in government were behaving and indeed on schools, welfare, the Home Office issues, foreign affairs, planning and defence they are still doing well. It is on the economy, health, climate change and the EU where they are going sadly wrong. Oh yes and on privatising the Forestry Commission. Grrr.