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Cable confidence

Vince Cable, 24th January 2011:

For the past eight months, we have been dealing with the public finances as we needed to do to restore business confidence.

Quarterly National Accounts (ONS), 29th March 2011:

Real household spending and fixed investment growth both fell in quarter four, which may reflect weakness in business and consumer confidence.

  1. Agog
    March 30, 2011 at 12:46 pm

    Kalecki once again – “The social function of the doctrine of ‘sound finance’
    is to make the level of employment dependent on the state of confidence.”

    They are succeeding in their aim, it seems.

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