Let’s call it failure
John Lanchester: The Shit We’re In, 3 January 2013
“... handling of the British economy, speaking for myself, no fun is being had. As George Osborne’s autumn statement made clear, the scale and speed and completeness with which things are going wrong are numbing. The Tories went into the 2010 election with a manifesto commitment to reduce the structural deficit – the amount by which the ... ”