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Quarterly Newsletter - Summer 2010

We have had the general election, and now we have a coalition government. It was fascinating to witness the toing and froing between the various parties’ delegations in an effort to form a coalition. It quickly became obvious that Labour had lost the will to govern, and it was left to the Conservatives and the Liberal Democrats to find mutual ground. They did so with amazing speed and emerged from their intense discussions and deliberations with confidence and a seemingly homogenous overall strategy. Few voters initially were happy about the outcome, but ten weeks or so later, the mood appears to have changed a little.

Bearing in mind the bitter medicine that has to be handed out, it is probably not a bad thing that two parties, rather than just one, have to shoulder the responsibilities that come with the tasks of trying to bring the budget deficit and the overall debt burden under some sort of control. [...]