Government rejects EU call to cut deficit faster

A government that thinks it knows more than the market is dangerous. It is a fair argument that things should have been better regulated over the last few years but now we have a monster. There is no point in trying to make a decision about your future (should I buy a house, should I save (interest rates are below inflation), should I invest in shares, should I accept that job?) because most things economic now depend on government decisions which means you need to second guess the government, make friends with the government or (I hope we don’t get there) bribe the government. The government should be a referee for the system not a playmaker.