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Of course it is. Osbourne just started saying "we have a strong economy" over and over until people started believing him and to help justify the public service cuts.
Sumo-
The question was at least partly rhetorical - there was very little chance that a government would talk down their economic success and a near certainty that they'd talk it up. I guess the only question is to what level. Not blaming the Tories for that - i assume every government ever has painted a rosier picture than reality
rhowe
What are the chances that the UK economy was a lot more fragile than anyone was prepared to say during the campaign and that this market shock could be far more serious than it already appears? The government couldn't really have gone with a narrative that they were running a nation that was on the brink and can't exactly turn around now and say "yeah we knew it would be almost terminal but didn't tell you"