News that the European Commission is to censure Britain for its excessive budget deficit provoked mixed feelings. My first reaction was ‘what the hell business is it of theirs? We don’t even belong to the Eurozone!’. My second was that perhaps it is better that someone says something since parliamentary scrutiny appears non-existent.
The Treasury’s response that its policies remain prudent, is, I’m afraid, La-La land. It has overspent, overborrowed and overtaxed leaving us unprepared for an economic downturn. Whatever you call that, it is not ‘prudent’.
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