Showing posts with label deficit. Show all posts
Showing posts with label deficit. Show all posts

Sunday, 18 April 2010

Election Fever: a mild sweat

I didn’t watch Thursday night’s party leaders debate on ITV. I was down the pub, with two of my oldest mates, and, god knows, such opportunities crop up rarely at this time of life. Plus, I already know how I’m voting and why; and I know very well what I think of the Liberal Democrat party and of Nick Clegg, who nonetheless appears all of a sudden to be striking great swathes of the British people not as some mere potential kingmaker but, rather, the straight-talking force of common sense incarnate.
Seeking the upside... I suppose it makes a change from noting the main parties’ discreet wrangles over how to plug that £167 billion deficit in public finances. By contrast, for some voters, Clegg must indeed seem like a much-needed blast of honesty. And I have to admit that The Swing to Clegg is a more novel and welcome staging post in the course of this election than the previous week’s bleatings from all those Tory shopkeepers who (surprise!) don’t want to pay an extra 1% in National Insurance.
For me, the deficit is still the top story. The Treasury cannot be run in the manner of a private household, not is government a limited company, and so it still seems important to nail the Tories on their nonsense about efficiency savings, as did the excellent Oliver Kamm, quoting Nigel Lawson’s memoirs (‘Incoming Conservative Governments usually tend to be overoptimistic about the scope for ‘eliminating waste’ - a pledge which is always more popular than specific spending cuts...’)
John Rentoul also put it well last week in rubbishing Cameron’s 'Big Society' waffle:
"I am as opposed to the nanny state as the next person. I do not like Gordon Brown's statist assumptions on the economy and public services. But the helium at the heart of the [Tory] flying pig manifesto is the idea that if the Government stops doing stuff, people will organise themselves to fill the gap in ways that are equitable, fulfilling and tax-saving."

Wednesday, 31 March 2010

Britain Decides 2010: Trouble in Mind...

The polls open in less than six weeks and the odd, nervy, queasily fractious tone of our politics persists. I have read clever men in both the left/liberal and centre-right press saying this is an election that both main parties deserve to lose... Well, my vote is already in the bank, so to speak, but if I did need electronic help in my decision then I might take John Rentoul's steer toward the diverting game of VoteMatch.
Meanwhile Anatole Kaletsky said a few things with which I agreed in today's Times:
As Tory leaders become increasingly desperate and fill the airwaves with exaggerated denunciations of public debt, combined with hand-on-heart vows to protect every spending programme they mention and firm commitments to reduce taxes, what will voters conclude? That the Tories are Janus-faced on the most important issue facing the nation — the need to set responsible priorities for debt reduction through tax increases and spending cuts. And being two-faced translates into untrustworthy and contemptuous of the voters’ intelligence... The Tories want to present themselves as potential saviours for a nation that, under Mr Brown’s leadership, has suffered the economic equivalent of Dunkirk. But if they genuinely believe that Britain has suffered 13 years of shocking economic mismanagement since 1997, that reducing debt is an overriding moral obligation and that the country is now on the brink of bankruptcy, then Dunkirk-style sacrifices must be demanded. In that case — which might be described as the Greek scenario — the Tories are grossly irresponsible to promise tax cuts or protect spending programmes such as the NHS, not to mention foreign aid, bus passes and winter fuel payments...