The original coalition agreement made one thing very clear. Every pledge, every promise, every plan promised in the manifestos and the agreement itself, would be secondary to one basic principle – that being that
“The deficit reduction programme takes precedence over any of the measures in this agreement”
and I suspect most commentators think that is still the stated priority of the government. Quite a lot of Members of Parliament probably think that too
But it isn’t, you know.
It changed on 7 January. Now, the new coalition agreement or mid-term review says…
“Dealing with the deficit may have been our first task, but our most important task is to build a stronger, more balanced economy”
Which is quite a different thing.
It sounds like the goal now is investment. It’s growth. It’s a boost to the supply side of the economy.
Nick was just re-stating what’s already been announced.