How patient will the public be?

As Pete noted earlier we can expect the government to announce a new string of measures to try and get the banking system moving again next week. The key political question is whether action from the Prime Minister revives his poll rating or whether the public conclude that this means that the government’s first effort failed and that it doesn’t know what it’s doing.

I’ve spent most of today at the Fabian Society conference and sitting on a panel with Peter Mandelson I was particularly struck by this comment from him:

“No one responsibly would say that this is all that needs to be done to put right what’s gone wrong … We’ll get there but it will take more time, more ingenuity and possibly some further trial.”

Most popular

Matthew Lynn

Spain will regret its 100 per cent expat property tax

I suspect that the public is not inclined to be patient right now, but we shall see.