ARGUS COMMENT: Economy could be poll decider

South Wales Argus: ARGUS COMMENT: Economy could be poll decider ARGUS COMMENT: Economy could be poll decider

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.

Comments (4)

Please log in to enable comment sorting

9:36am Wed 9 Apr 14

The Red Claw says...

A STORY that didn't quite topple Peaches Geldof and Oscar Pestorius from the top of the national news agenda yesterday...........
.........You have to give it to them, the press certainly know what is really important to the people.
A STORY that didn't quite topple Peaches Geldof and Oscar Pestorius from the top of the national news agenda yesterday........... .........You have to give it to them, the press certainly know what is really important to the people. The Red Claw
  • Score: 0

10:16am Wed 9 Apr 14

kez1968 says...

Yes Cameron will do well in next years election aslong as the economy continues to grow, him and young have to balance the economy or we will end up with another bubble we had in 2008 although his support for Maria Miller and Andy Coulson, shows he his a poor judge of character. Has for Labour they have the wrong Milliband in charge, so there's another 5year's in opposition.
Yes Cameron will do well in next years election aslong as the economy continues to grow, him and young have to balance the economy or we will end up with another bubble we had in 2008 although his support for Maria Miller and Andy Coulson, shows he his a poor judge of character. Has for Labour they have the wrong Milliband in charge, so there's another 5year's in opposition. kez1968
  • Score: 2

11:18am Wed 9 Apr 14

Katie Re-Registered says...

As Britain is still the sixth wealthiest country in the world there's no shortage of money around, it's just that it's in the hands of an increasingly small minority of people - and often held in offshore tax havens such as Jersey and the Cayman Islands. Yet many working people still have to resort to food banks for survival.

Here's a factoid: at the beginning of the 20th century on the eve of the Mexican Revolution approximately one per cent of the population of Mexico owned 99 per cent of the wealth - food for thought: is Britain at the beginning of the 21st century going that way?
As Britain is still the sixth wealthiest country in the world there's no shortage of money around, it's just that it's in the hands of an increasingly small minority of people - and often held in offshore tax havens such as Jersey and the Cayman Islands. Yet many working people still have to resort to food banks for survival. Here's a factoid: at the beginning of the 20th century on the eve of the Mexican Revolution approximately one per cent of the population of Mexico owned 99 per cent of the wealth - food for thought: is Britain at the beginning of the 21st century going that way? Katie Re-Registered
  • Score: -3

7:10pm Thu 10 Apr 14

Limestonecowboy says...

No.
No. Limestonecowboy
  • Score: 0

Comments are closed on this article.

click2find

About cookies

We want you to enjoy your visit to our website. That's why we use cookies to enhance your experience. By staying on our website you agree to our use of cookies. Find out more about the cookies we use.

I agree