From the autumn statement:
- Italy’s interest rates are now 7.2% … And what are ours? … They are less than 2.5%
- Yesterday, we were even borrowing money more cheaply than Germany
- Italy’s rates have gone up by almost 3% in the last year alone
- we will increase the State Pension Age from 66 to 67 … Germany [has] taken similar steps
- extending support to British mid-caps who can sometimes lack the overseas ambition of their German equivalents
- It’s no good endlessly comparing ourselves with other European countries
PS: Fair enough, I took that last one a little out of context … but nevertheless, comparison when it suits, refusal to compare when it doesn’t. Can’t say I’m over-excited by the proposed employment law changes.