Boom and bust
Putting aside the furore over 42 day detention, let us just remind ourselves how appallingly the PM prepared us for an economic downturn. How many hundreds of times did he imply that he had personally abolished the economic cycle in this country.
It is therefore richly ironic that the European Commission is to start disciplinary proceedings against Britain for breaching its rules, as set down in the EU Growth and Stability pact. Britain is the only European country to face such severe criticism this year.
His fiscal laxity has been criticised now by virtually every reputable organisation and commentator, including the OECD. So at a time when many countries are attempting to help their citizens by cutting taxes, we are putting them up. The result of this is that the European Commission believes that the deficit will be growing over the next two years.
We have known for some time that Prudence and Gordon were having partnership difficulties. We had not realised that the divorce had actually come through.