I have just seen the news that the UK budget deficit has grown to £9 billion. A year ago it was just over £1 billion. Do I really need to comment further? OK then, I will.
I genuinely believe that Brown is adopting a scorched earth policy on public borrowing and debt. He's got nothing to lose, apart from his reputation, but that's already down the swanney. So expect more huge fiscal stimuli in the budget and more reckless bailouts. Sadly it will be the Tories who have to dig us out of this mess and the country's taxpayers who will pay for it all. As per usual. What a fiasco.