Monday 25 October 2010



“We’re all in this together” goes the cry from the ConDems when talking about their politically motivated cuts. ‘Fair’ and ‘fairness’ are words bandied about like they are going out of fashion. They profess to spread the pain of the highly accelerated deficit reduction equally. The trouble is that some are more in this together than others.

The comprehensive spending review is an exercise in extreme right wing ideology. The Tories want to butcher the state in such a drastic way that would no doubt win the admiration of the American Tea Party movement, and they are using the LibDems to do it. It has absolutely nothing to do with sane economics. The Tories have always been very clever when it comes to justifying economic policies. It seems to be a reflex action for them to reach for the analogy of the household budget when describing the country’s finances. I have no doubt this approach is done on purpose and for very cynical reasons. It’s done to muddy the waters. But it is also done because they assume that the average person in the street is incapable of realising that running the exchequer is actually a bit more sophisticated than household accounts. Unless of course George hasn’t twigged that it’s a little more complicated. In that case heaven help us.

Thank goodness the IFS tells it like it is!

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