The Guardian view on the challenges ahead: the deficit is only part of the story | Editorial

How domestic politics deals with the pressures of the global economy will decide the success of the next government

This is the moment to be bold. Governments do not need full coffers to embark on the kind of reforms Britain needs, but they do need ambition and courage. Britain is not broke in 2015, yet there has been little or no discussion about the broader economy during the campaign. Instead, the focus has been on which party will best fill the hole in the public finances. If ever there was a campaign to rebut the cliche "It's the economy, stupid," this was it.

But now that the election is over, the new government must face up to some of the economic challenges that have been sidelined over the past six weeks. There are big decisions to be made in at least five separate areas.

Continue reading...