General Ramblings

Peter Shaw used to say today’s Wonder Budget is tomorrow’s dross and next week’s forgotten failure.

Thus, Wunderkinder’s budget too. It’s now emerging that the stimuli won’t tickle the economic situation until 2013 or later, that the money for them is taken from beneficiaries and there’s £40 billion of cuts to come.

The Tory benches are supplied with factoids claiming that borrowing slashing is keeping interest rates low. Odd that. Borrowing is increasing, unemployment will go over 3 million and demand is still falling. Nunc Dimittis Osborne.