Fresh back from my holiday I was unsurprised to see the August weather in full British mode of perpetual rain and misery.
On the other hand I was thinking it would be good to see a real summer meltdown to improve things.
Sadly in this case it is the nations finances in meltdown and not anything meteorologically related.
Tomorrow the latest figures for the PSBR will be released and the Government thinks the debt will reach £43 billion this year. However, this is likely to be out by at least 20%. The government has predicted economic growth at 100% above the private sector economists forecasts.
The graph above form the ONS shows the year to date picture of the public sector finances. Not pretty reading is it?
A few months ago I wrote that he Government could be engaged in a Scorched Earth policy to ruin the country and damn the Tories to a very difficult time in office. On reading Yvette Cooper today and listening to the Government in general I am more and more convinced that this is the case.
Either that or they really are all a bunch of incompetent numpties....
I have walked this earth for a very long time and i am a close observer of Labour.
ReplyDeleteThey were always nasty and vindictive and are more than capable of engaging in s scorched earth policy.
Welcome to Real Labour.
I thought Alistair Darling's growth forecasts at the Budget were pretty bloody optimistic, and it looks like he is in for a rough ride to close 2008.
ReplyDeleteEither that or they really are all a bunch of incompetent numpties....
ReplyDeleteUnfortunately, not so incompetent that they can't implement some decent scorched earth policies.
Close your eyes and put your faith in Labour to get us through. That is what I'm doing..............
ReplyDeleteI'm curious.
ReplyDeleteWhere does "numpties" fit in a scale ranging from
absolute cretins
to
Absolute bastards?
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