Humiliated

Hello I’m back after a wonderful holiday, but have things changed while I’ve been away?

I see the French have now lost their AAA credit rating and French internal borrowing rates will shortly be going up and it follows the costs to your average French family to purchase cars, fridges or homes will also go up.

Listening to the media however tells another tune, the French have hardly made any cuts in public spending, continuing their “ Let’s spend other people’s money” approach to life.               

I wonder this could be because French elections are just around the corner? or it could be they are still following the UK’s Labour policy phrase of “The cuts are too Fast and too deep”?.

Strangely enough Labour have now stopped that phrase, I’ve not heard it for weeks now, and it was only a few weeks ago the French were lecturing the UK that we would lose our AAA rating first.

Sadly the French have followed what was in the best part, Labours policy of Borrow more and spend more, very similar to Greece and Portugal and what the money markets will do if the French socialist party wins is any guess, but I fear Europe's inability to repair their internal finances will affect the UK.

But Labour has a new cunning policy??

Wait for it ,

It’s to agree with the Coalition policies but still say we are doing it wrong, only today a senior Labour minister has come out and said

 "However difficult this is for me, for some of my colleagues and for our wider supporters, we cannot make any commitments now that the next Labour government will reverse tax rises or spending cuts, and we will not.

 Pay restraint in the public sector in this parliament would have been necessary whoever was in government.      

and to top it all just a few weeks ago Sandwell Labour were “approving” a new academy school even though they do not have the authority to do so.

Sandwell Tory said

It’s so nice to be copied but please don’t lecture us how to repair the mess Labour left behind.

We repaired the British economy in 1951, 1970 & 1978/9  following a Labour administrations and we will do it again.

Come on Labour show us your plan ??  or have the two Eds have decided that the best plan to win back credibility is to copy the Coalition, but to not cut quite so fast?