ARGUS COMMENT: Economy could be poll decider
Updated 9:33am Wednesday 9th April 2014 in News
A STORY that didn't quote topple Peaches Geldof and Oscar Pestorius from the top of the national news agenda yesterday is nevertheless likely to be the most significant for the political future of the UK.
The International Monetary Fund produced its economic growth forecasts for the world's leading nations, and claimed the UK economy would be the fastest-growing among G7 countries this year.
The IMF predicted the UK economy would grow by 2.9 per cent this year and by a further 2.5 per cent in 2015.
If the forecasts are correct - and they are revised up and down on a regular basis - then they are likely to have a significant effect on next year's general election result.
The Conservatives will leap on the figures as proof their economic plan, with a little help from their Liberal Democrat coalition partners, has worked.
Labour may have to find other issues on which to fight its election campaign.
In reality, of course, whether there is an feelgood factor across the country in the run-up to the 2015 election will depend largely on whether economic growth translates into more money in people's pockets.
If voters feel more secure in their jobs and have more money to spend, they are likely to reward whoever they believe to be responsible.
There is a long way to go, though, and many more issues other than the economy that may expose the real weaknesses of Mr Cameron and company.
But yesterday's figures certainly do much to put the prime minister in a reasonable position as he approaches what could be a defining election for him.
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