. ♪ >>> we are pack with martin wolf, david miliband, and bronwen maddox. britain, we in the united states are particularly interested because you preemptively cut your budget, raised taxes, in a way to be -- to assure markets that britain was in good fiscal shape. what do you think the result of that experiment has been? >> well, it's a clear path. we've grown north .6% in this year, smaller economy than in 2008. i think what the government has done is instead of taking their foot off the fiscal accelerator, they've slammed on the brakes. and at a time when the private sector is deleveraging very fast, there's very little confidence in the consumer sector, probably because it's been frightened by the government about what's going to happen, you see the economy flatlining. and that's obviously increasing the strain here, and potentially starting off a vicious cycle where benefits if up, tax revenues go down, and you're caught in a difficult vice really. and so the jury's out to put it -- most diplomatic in respect of the economy. nonetheless, if you look ar