The Tory austerity measures are painful in the short-term but confidence building among the ratings agencies and IMF. They will cause a dip in GDP (and have done) but then a gradual stronger recovery. A classic ‘j’ curve. The Labour policies of spending may create short term jobs, but then exhaust away and plateau and possibly fall. An ‘n’ curve. ie immediate filip, then decline again as budget deficits get ridiculously high.