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until the Lloyds and RBS shares are sold, the tax payer has lost nothing.

the point being that without the stimulus there would have been fewer jobs and fewer companies.

partially, over played when it suited Osborne to say so as a small proportion of the economy is actually directly involved in external trade, and less than half of that is with EU.

Osborne's general policy was to rely on the monetary policy and did little else beside, to have the effect as you describe. and it has to some degree worked, we have markedly lower unemployment than everywhere in Europe (bar Germany), youth unemployment less than half. you may take that as...