succinct or what Larry Elliott in today's Graun
When the coalition government was formed just under two years ago, it had six key aims: to embed economic recovery, to cut the budget deficit, to ensure that private sector job creation would make up for cuts to the public sector headcount, to make the economy less dependent on financial services, to rebalance the economy towards exports, and to keep the financial markets sweet. Of these, only one – the last – has been achieved. Growth has slowed down, the government is borrowing far more than it expected to, the private sector has proved incapable of compensating for the cull of public sector jobs, manufacturing output has suffered, and the rebalancing has yet to occur.
"Society is indeed a contract. It is a partnership in all science; a partnership in all art; a partnership in every virtue, and in all perfection. As the ends of such a partnership cannot be obtained in many generations, it becomes a partnership not only between those who are living, but between those who are living, those who are dead, and those who are to be born.”