BEWARE OF U-TURNS AHEAD.

As the rehearsing gets under way for 'strictly come electioneering', the protagonists are shadow boxing. Lord Meddlesome of Foible accuses the Tories of too many cuts if they win power. M'Lord daren't forsake the path of Keynes's philosophy, i.e keep spending what you haven't got. In the current situation, the Government intends to maintain the status quo until the General Election, hoping that they might win the equivalent of Lotto. Conversely, the Tories know the situation is dire, but presumably they are not kept informed of the true magnitude of the problem, which will undoubtedly be considerably worse than what is known at the moment. Cameron and Osborne can, therefore, do little about conclusive policies regarding cuts.

Over the weekend, Dan Atkinson wrote briefly about post-Keynes activity, since all this money has to be paid back. Therefore, the sooner we stop borrowing, the better. Don't be stupid enough to swallow the Government line about reducing the Public Sector too soon, as it would rock the recovery. This area is exactly what will slow any recovery down. Cutting cannot come too soon. Let us also repeat, that should this shambles of a Government be returned, the IMF will have to take control of our finances.


THE ELECTION COULD BE BEFORE MAY 6th.