Darling spills the beans

Lord Allesley read the Chancellor's words in a state of exasperation. "The down turn will be deeper than many people though." Which people, the Cabinet and other cocooned fools in Whitehall who do not see the reality of what is going on.
LA maintains that some sectors are and will continue to do well, others will suffer badly. The problem is the banks. For years, when a small business had a bad year, the banks answer was to reduce funding and crucify that business, not work the problem through. Now the banks have one bad year and they crucify each other, hence liquidity crisis.
Sadly unlike punishing one small business, the effect of the banks hurting is felt by all. If liquidity returned much of today's problems would be resolved swiftly.
The banks need strong leadership from government. That government need to lead the way by reducing the size of the public sector economy and reducing the tax burden. That government needs to make it easier to start a business and easier to run a business. The unions need putting back in their kennel and the nation needs to get back to work and stop paying scroungers.
This would be a very unpopular stance in the short term, but everyone knows, good medicine tastes bad.

The socialist experiment has run its course, time for change.

Lord Allesley