Cuts, cuts, cuts. But nobody's telling us how much they must really be; to be honest I think nobody really wants to listen! In case anyone missed it David Starkey was telling it how it is on the BBC's This Week programme. "They stopped government doing things...". Well worth a listen. (hat-tip Not a sheep).
UK debt is mounting by half a billion a day and that our of course this means debt interest payments are also sky-rocketing "by 2014-15, even on the government's optimistic projections, they will be £3,000 pa for every single household".
Note that HMT is the source! "One day we know there will be a terrible reckoning." Image and hat-tip Burning Our Money.
Also, off on a tangent, we can even blame Brown for the cost of petrol: the devaluation of the GBP - like all the borrowing and printing of vast sums of new money - "was an important element to protect an economy under tremendous pressure..."
"Brown has for his own short term political reasons blocked any credible medium term plan to be put forward to deal with the UK’s fiscal crisis. This adds daily to the level of pressure on the currency. International investors and the rating agencies understand this dynamic well and require the Pound to fall if they are to continue to provide funds to cover Brown’s borrowing. The situation is unsustainable, dangerous and rapidly deteriorating."