10 May, 2010

A billion here, a billion there

.... and pretty soon you're starting to talk about real money' said the American senator.

Yesterday Alastair Darling, acting UK chancellor, having spent the election campaign lambasting the Tories for wanting to take £6 billion out of the economy, 'agreed' to underwrite £13 billion of other European countries' debts.

Apparently he was forced into this because the Lisbon Treaty made such bailouts the subject of majority voting and we were simply outvoted.

The next time Mr Nick Clegg is in front of a microphone perhaps he could explain why the Lisbon Treaty was such a good idea.

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