Falling inflation is not an achievement for the Bank of England. It is the result of the Coalition, consisting of the Conservatives and the Labour, being untrustworthy with the economy. Increasing the rate of VAT throttled domestic consumer demand, and the only thing keeping prices are inadequately regulated utilities by the State. Public sector cuts which have yet to take full effect have partly contributed to soaring unemployment, devastating the personal lives of millions. More spending on unemployment benefits, with the additional factor of decreased tax revenues from people actually in work, means that the Coalition have created through their austerity agenda an incredible mess in the economy. George Osborne knows if the public understood that the general public would revolt.

It is therefore no wonder that we are now on “negative watch”. If the credit ratings, which George Osborne has been praising thus far, deteriorate, the cost of borrowing potentially could worsen, if we were not for the fact that the Eurozone bond market is much worse than the UK bond market. By the time unemployment hits the roof and the economy is still stagnant in 2015, with cuts to reach full potential, the Liberal Democrats will be totally unelectable. The destruction of legal aid and the NHS will not be forgotten either. The Tories and the Liberal Democrats cannot be trusted with the economy; the mess we’re in is directly their fault.