It was barely 4 months ago that the Lib Dems were railing against Tory plans to cut the deficit too soon. They did, of course, change their mind... for sound economic reasons and definitely not political advantage, of course.
Were they right to change their mind?
David Blanchflower doesn't think so.
Neither does Joesph Stiglitz.
And, ironically, it appears that neither does that mysterious, omnipresent being floating just above London, "the market".
As the culling of 'pen-pushers', 'red tape' and 'useless quangos' commences, it won't be too long before we see...