The coalition doesn’t need a magic wand. It needs some backbone

The coalition doesn’t need a magic wand. It needs some backbone By Mark Littlewood for the Daily Mail Published: 16:59 BST, 26 April 2012 | Updated: 12:04 BST, 27 April 2012 19 View Responsiblity: Lib Dem Chief Secretary to the Treasury Danny Alexander has said that the government has no magic wand to wave to solve the problems in the British economy Economists are often accused of using statistics in much the same way that a drunkard uses a lamppost – more for support than illumination. And it may very well be that the latest numbers from the Office for National Statistics, indicating that the UK is "officially" back in recession – are used more in the foggy war of day-to-day political combat than they are in calmly and coolly analysing what the government might do to actually nurse the economy back to health. Certainly, the coalition now seems to meekly accept that it is at the mercy of events rather than being the master of them. Danny Alexander grimly told the BBC on Wednesday night that the government had no magic wand to wave to solve the problems in the British economy, as if this somehow absolved him of… Read full this story

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