Reaction to these pledges set out yesterdayday:
1) Ensure macroeconomic stability
· We will safeguard Britain’s credit rating with a credible plan to eliminate a large part of the structural deficit over a Parliament. Our fiscal policy will seek to help keep interest rates lower for longer.
· The independent Bank of England will continue to target 2 per cent CPI inflation and will use its new role in prudential supervision to preserve financial stability.
2) Create a more balanced economy
· We will create the conditions for higher exports, business investment and saving as a share of GDP.
3) Get Britain working
· We will reduce youth unemployment and reduce the number of children in workless households as a key part of our strategy for tackling poverty and inequality.
4) Make Britain open for business
· We will improve Britain’s international rankings for tax competitiveness and business regulation.
5) Ensure the whole country shares in rising prosperity
· We will raise the private sector’s share of the economy in all regions of the country, especially outside London and the South East.
6) Reform public services to deliver better value for money
· We will raise productivity growth in the public sector in order to deliver better schools and a better NHS despite a tight spending environment.
7) Create a safer banking system that serves the needs of the economy
· We will reform the regulation and structure of the banking system to ensure lower levels of leverage, less dependence on unstable wholesale funding and greater availability of credit for small and medium sized businesses.
8) Build a greener economy
· We will reduce UK greenhouse gas emissions and increase our share of global markets for low carbon technologies.
So what do we think, ideologically they are quite sound - reduce the public sector, run a sound fiscal policy. It is a good start. No doubt he busted flush that is Labour will decry them - but they don't even have a strategy, let alone a policy!