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George Osborne hasn’t just failed – this is an economic disaster | Seumas Milne | Comment is free | The Guardian

It would be comic if the consequences weren’t so grim. There is no economic failure, it turns out, which cannot be hailed by George Osborne as a vindication of the policies that brought it about. Faced with the decision by the credit agency Moody’s to scrap Britain’s AAA rating, the chancellor declared it was yet another reason to stick to austerity – and the “clearest possible warning” to anyone who might think of breaking with it.

via George Osborne hasn’t just failed – this is an economic disaster | Seumas Milne | Comment is free | The Guardian.