Trust me on this,under this Tory government (it,s not really a coalition] we will end up with five million unemployed and a massive youth unemployment problem.The time to cut back on public spending is not now when we have a small fragile recovery underway.The economy will start contracting,social costs will rise and we will end up in a downward spiral. Never mind we will be told that it,s for our own good !
The Tories are using this deficit as an excuse to savage the public sector,we are not Canada,and trying to copy their austerity model will end in tears.Is public spending too high ? yes it is. but now is not the time.Growth and even a little bit of inflation is the pragmatic way to reduce the deficit.As long as Britain is growing it,s GDP the credit ratings agencies will be happy.We are not Spain,Greece or Ireland,our debt is secured in a much different way meaning much less immediate pressure to meet payments.
Imagine Man United being taken over by the Tories,they would probably scrap the youth policy and reserve team and sell Rooney to attempt to nibble away at the clubs debts.