Economic ‘plan’ is no reform blueprint and comes with a very big ‘if’ in the small print

The latest in a number of glossy documents produced by the Government promises to “point the way” towards a stable future “and away from the boom and bust that has cost us so dearly”.

Given the shock of the last economic crisis, and the history of how we always walk blindly back into the next one, any document that shows a clear path out of this vicious circle is one that should be framed in every household in the country.

But the Medium Term Economic Strategy published yesterday is more of an aspiration of where the economy is headed between now and 2020 and a commitment the Coalition will do its best to abide by tighter spending rules.