Time for some opposite thinking

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Judging by recent pronouncements the years of austerity look set to stretch at least until 2018.

I'm not much of a political animal, to be honest I barely register as a political insect. So I shall leave to others the debates about cutting too far too fast versus the country being in hoc to the bond market and having no choice.

What I do want to look at is the core message. It is unfortunately one of fear and it is stifling demand.

In my mind, there is a proper discussion to be had around whethe