Which George is correct on the economy. Soros or Osborne?

28th January 2011

The argument is simple. George Soros believes that George Osborne is cutting too far and too fast and risking a double dip with the last quarter's contraction an ominous sign of things to come. 

It certainly must have been galling for Osborne to get a ticking off from one of the world's biggest and most successful investors in front of the powerful, the rich and the famous of Davos.

The Telegraph's Philip Aldrick says that Mr Soros's comments are the first really serious challenge George Osborne has had to his economic policy.

Soros is not alone. Doctor Doom, aka, Nouriel Roubini, professor of economics at New York University agrees.

Here thefirstpost.co.uk,  website of the Week, doe a line up of the critics though it should be noted a lot of them are simply the Labour opposition.  Gordon Brown is hardly a surprise.

So are George and his coalition partners increasingly isolated? Back to Davos.

The OECD's Secretary-General Angel Gurria, says that the UK government should press ahead with deficit cuts.   "They should stay the course."

On the comment boards manfriday isn't impressed – with anyone.

"Gurria of the OECD says cut the deficit, Soros says don't, blue Osborne says cut, red Balls says spend. My opinion? They haven't a clue."

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