Monday, November 24, 2008
Darling the Destroyer.
I'm in shock. Yesterday, I blogged in line with what I expected to be my party's response to the Chancellor's Pre-Budget Report - a tax 'Bombshell' to arrive after the next General Election. But my capacity to absorb what the Chancellor was saying failed me when he told us what he predicted the Government's borrowing requirement is going to be. The figure that hit me was £118 billion for 2009 - and only in part by its monstrous size. This figure is based on the totally incredible supposition that the recession will be over by the middle of next year. This figure, already scarcely believable, is going to go up, and up. This is all mindblowingly awful. I'm out tonight, but hope to blog on the speech later - when I've recovered from the shock of listening to a man telling us that our Government has launched itself on a course to financial disaster - which we will all have to pay for.