If comments attributed to the governor of the Bank of England, Mervyn King, are to be believed, this election campaign sees Britain’s politicians in a classic Catch-22 position.
Their refusal to come clean with voters about the scale of imminent spending cuts may have everything to do with the short-term goal of winning Thursday’s plebiscite, but the political price of that victory could be a weight around their parties’ necks for years to...
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