''Well a pmi greater than 50 is not a decline, it's expansion''
you miss a point
English are - reactionary, they are not forward thinking. In short - what you are seeing may well be desperate people doing desperate things
ask yourself this - why has it taken this long?
I would suggest that it's become a do or die situation
but, of course, if you consider it a mark of genius - then, you would also have to recognise that it's under a new Labor government - WHICH was seen coming for a long time
so you have a choice -
1. a panic reaction or
2. a business community reacting to a new Labor government which they could see coming a long while before the election