Douglas Carswell's Blog

How's that deficit reduction coming along?

The Office of Budget Responsibility has said that a further �50 billion of tax rises or spending cuts is needed to balance the books. No kidding.

You don't need to spend millions setting up a Whitehall quango with an oxymoronic name to tell you what the sums say; government is still living way beyond the tax base. There's nothing responsible about it.

Perhaps we could set up an "Office of the Bond Bubble Not Bursting" to ensure that government is able to keep piling up the debt with endless willing lenders?

Or how about an "Office of Print Money and Pray Economics" to ensure there's growth.

If having a coherent fiscal and monetary policy that worked was as easy as setting up a Whitehall committee, we'd be prosperous. We need a new fiscal and monetary approach.

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