Dr Faggio believes that "the UK economy is in reasonably good shape" and also predicted that George Osborne would announce tax cuts and increased public investment in his autumn statement, in the run-up to the general election.
However, Dr Faggio said that, despite the good work that has been done by his government, the Chancellor of the Exchequer finds himself "between a rock and a hard place", as the 2010 Tory pledge to balance the books is looking like a "broken promise".
To read Dr Faggio’s full commentary, visit the Mindful Money website.
