Wednesday 12 March 2008

Cameron 'Steps Up to the Plate' - At Last!

At last, Tory leader David Cameron stood up for Conservative principles and destroyed Darling's Labour budget in 15 minutes of well directed salvos.

Lady Thatcher must have laughed when Cameron, who has done so much to distance himself from her policies, explained to the Labour MPs that expenditure should not be in excess of income. The fact that government borrowing is nearing £200 billion should ram this home to every sane minded person. Of course, this approach, espoused by Senator McCain, was ridiculed by many Republicans. He, of course, was right; as was lady Thatcher in the 70s and 80s, and as was Senator McCain.

Secretary of State for Children, Ed Balls, thinks of himself as a bit of an economist and a key Gordon Brown advisor. He shouted out in the middle of Cameron's response to the Budget that who cares if Britain is in debt and increasingly so. With an approach to economics like this, it demonstrates that Labour policy has not directed the UK economy, but has only spent the profits and the overdraft over the last 10+ years.

So, as the world economy hits bumpy seas, the US is able to reduce interest rates and levels of taxation, European and Oceanic countries are able to invest previous FY surpluses, etc. we have nothing in reserve. The cupboard is well and truly bare!

So, as I think of a glass of wine to soothe the bad mood, I realise that Labour have put an extra 14p of duty on a bottle of wine. Okay, a glass of whisky might be appealing. Then I think of the 55p of additional duty. Oh well, a litre bottle of cider, the favourite tipple of binge drinkers, under-age drinkers and alcoholics is only going up by 1p. Anybody for a glass of scrumpy?

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