The labour Party have only committed to halving the deficit within 4 years.
A disaster for Sterling. Having seen Osborne give an interview this morning they seem to also soft peddling on deficit cuts.
Perhaps Sterling is indeed heading below parity. Very soon there won’t be a single Brit on a Sterling income living in Europe. 🙁
I think the soft peddling is because no party wants to tell the truth about their intended actions until after the election due to the fear that the electorate will not vote for even harder times.
I hope and expect the financial markets realise this.
The true crunch will come after the election when the market may believe they can force the government to make the cuts regardless of pain caused.
IMO after the election will be when we find out what the Tories are going to do not before.