 I don't know what I found more shocking or depressing about Labour's Pre-Budget Report. The terrible levels of debt Labour Government has given us; or the lack of any plan to bring it down.
The debt levels we are facing are incredible and now forecast to reach £1,500,000,000,000 – equivalent to £23,000 for every man, woman and child in Britain. And Labour cannot put this down to the banking crisis. Other countries were so much better prepared, and don't have the same deficit which faces us and future generations.
Instead of addressing thir mounting debt we have another National Insurance hike which will hit anyone earning £20,000 or more and make it more expensive for firms to take on and retain staff.
Labour had an opportunity with this PBR. If they were acting in the country's interest, and not their own, they would have presented a plan to get our debt down.
But no. All we had were decisions put off till the next election. Plus a series of political measures intended to trap the Tories, and even they are unravelling. It's cynical, nasty, narrow politics.
We now understand from the BBC where this politics came from. From Gordon Brown and Ed Balls. Treasury Civil Servants were no doubt pressing the Chancellor to come up with a plan, for the sake of the country and its future, but Brown and Balls were more concerned to save their political skins.
We need the General Election sooner rather than later. At such a vital time in our politics, we cannot have this sort of instability at the top of Government. We need a Conservative Government in to do what it has always had to do in our political history - which is clear up Labour's mess.
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