THE CHANCELLOR'S ECONOMIC MESS

The Chancellor appears to be losing her grip on the public finances fast. In just the past few days, we have seen long term government borrowing reach a 27-year high, the pound fall to its lowest value in 14 months, a shock drop in pre-Christmas retail sales, and major employers such as Sainsbury’s announcing mass job losses. Meanwhile inflation is back up above target to 2.5% and the economy is stagnating at best. The government urgently needs to change course from its high tax, high borrow, high spend agenda.