It’s time for an emergency budget! Stop spending on everything!
Since the election in May and the formation of the coalition government there has already been two rounds of spending cuts – a quick announcement of £6bn of savings and a more recent tranche of £2bn.
But as we borrowed something like £180bn last year, this emergency budget is going to go deeper then anything anyone in the UK can remember – probably this is going to be harsher than the early 80s with Thatcher.
Yet I get a sneaking suspicion that the present government wants to whip up this feeling that times are hard so they can facilitate cuts right across the public sector, in the same way the public can support a war when they think there is an imminent threat of attack.