Exit polls in Florida gave Mr Romney the edge among voters who think the economy is in reasonable shape.

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Also, there is a reasonable argument that in the boom years, the economy was too dependent on consumer spending, which in turn was generated in part by an over-heated housing market.

BBC: Should the Treasury take housing risk?

Since fuel economy matters all of the time and marginal advantages in acceleration matter almost none of the time, reasonable people agree that's a constructive compromise.

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Speaking on his weekly phone-in on LBC's 97.3 FM, he said ministers could not "wave a magic wand" but they had taken "the most reasonable steps" possible at a time when there was little money around, continuing instability in the eurozone and the UK economy was still recovering from the legacy of the 2008 financial crisis.

BBC: UK Politics