Like everyone else, despite their protests to the contrary, I love to say 'I told you so'.
Comrade Darling produced the reddest Budget in the life of 'New Labour' yesterday, but failed to mention once the devastating effect that the huge burden off Govt. debt will produce, and looking directly at us, lied through his teeth regarding projected growth. It reminds me of how a contractor (who will remain nameless) produced his year-end accounts and started by putting two totals (credits and debits) into a spreadsheet, then progressively working backwards, filling in any old rubbish until he acheived the result desired.
Analysts unpicked Darlings' garbage very quickly and the consensus is quite clear, and as predicted by me weeks ago:
1. There will be a period of severe austerity in this country that will last for at least a decade.
2. The 'Financial Industry' (I called it 'a rigged-card game' a few weeks ago) will (and it already has begun) contract by at least 25%.
The upside? A unique chance for those that still have access to some cash to invest in emerging technologies. If there is to be a future for this country, then this is where it lies. Sadly this Budget dosn't even mention it. Just more strutting, with chests stuck out by Brothers Brown & Darling.