It will be seen as the green light to an intense battle between the parties as politicians
fight over economic policy for the next six months.
Last night's debate had several contentious moments, including a
fight over economic policies that evolved from a completely unrelated question.
While no Fortune 1000 companies are headquartered in Sacramento, California's capital holds a lot of sway
over economic policy in the largest state in the US.
But while the Governor acquires more
power over economic policy Osborne more than compensates by ranging across government, intervening decisively in every area - from how the Tory wing of the Coalition should deal with Miliband's energy market policies to the overall direction of policy in welfare, NHS and the rest.
Tea Party Republicans, for example, might worry that a straight up and down vote on trade might give the president too much
influence over economic policy.
It is well known that George Osborne wields massive power and influence within the government, not
just over economic policy but many other areas of domestic policy as well.
The battle lines are being drawn for the fight
over economic policy which will play out over this transitional period for China's leadership.
«In an attempt to take credit for the emerging recovery, Clegg has decided to stage what Cable and some on the left regard as an artificial
showdown over economic policy during a set - piece two - hour debate and vote on Monday.
The irony of Clegg's position is that his coalition deal makes a change in the voting system possible, but in highlighting the
divide over economic policy makes reform a little less urgent than before.
Talk of «tough decisions» and «iron discipline» on spending demonstrate the dominance of Tory
thinking over economic policy in Westminster, even as its effects cost them support in the polls.
Members remain strongly supportive of the Government, Nick Clegg and the decision to go into coalition, but express
concerns over economic policy, reject the idea of a pact with the Tories and, in an ideal world, would prefer a deal with Labour.
«Clegg faces down the Lib Dem
left over economic policy, but they remain a disunited party Main Lib Dems in Glasgow can not hide harmony in Downing Street»
In 2015 and 2016 for instance, Nigeria «erected» two structural barriers against foreign investment - one, the structure of multiple exchange rates reaching as many as 13 according to some reports and the huge variance between the rates at a point rising to a difference of over N200 between the lowest and the highest rates; and the absence of
clarity over economic policy.
Osborne is not the first Chancellor to act in this way, giving away some
power over economic policy - making while exerting more influence across government.
It is
over economic policy and the role of the state.