Wednesday, June 30, 2010

The Blind Leading The Blind

I'm beginning to get very nervous. The idea that the UK's private sector grows millions of jobs at a time when there is no financing at all available to them, where the financial services industry is contracting in general and where the vast majority of the country outside the south east is, basically, moribund, is laughable.

Debt has its issues, but it's hilarious to have intelligent people thinking that we're going to lose 1.4m jobs and then magic them back from a private sector with no funding, or access to cash, where manufacturing has been decimated, and where there are no clients in the, er... public sector.

The Government's first contribution to quangosim, the 'Office for Budget Responsibility' live in a very strange universe and will be proven to be totally incompetent within a few months in my view.