Editorial
The widely published report by the Institute of Fiscal Studies which has slammed all three political parties for not being honest on the level of cuts, and tax rises required to prevent a "Greek style" meltdown, should be a clarion call to the electorate, that there is only one issue that should focus our attention, and that’s the economy.
Whoever takes over after May 6, one thing is for sure, its going to be a rough ride, with newspaper editors already forward planning the "Armageddon" style prognosis of the British economy. Whats absolutely crystal clear, is that there will need to be around 50,000 immediate job cuts in the public sector, and deep and painful expenditure freezes all over the public sector. The British economy, to avoid the same calamities that have taken place in Greece, will need to make some very tough decisions, with many families affected.
Under Labour we have seen the public sector grow, with the NHS the largest employer in the country, still reporting horrific stories of incompetence and poor standards for patients. Ahead of the final debate on the economy, which Labour are touting as "Browns banker" appearance, people need to seriously look at who out of the three candidates will be more forward looking, and honest, in what cuts need to be made, when they need to happen, and how deep the cuts need to be.
To date all three parties have not spoken about the economy in depth, the leaders of the parties owe it to the British public to give an indication of how and when cuts will take place, and what the net results will be for the British economy.
Only today constitutional experts have warned the City to expect 10 days of "uncertainty" if we do indeed have a hung-parliament, with the markets concerned that without clear political leadership there could be chaos with a the value of the pound adversely hit.
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