At a time when the UK Government is imposing another £16bn of spending cuts, is abolishing pensioner tax reliefs, and is apparently so financially stretched that it needs to tax warm pasties, it has somehow managed to find an additional £10bn to bail out the eurozone. This from a prime minister who declares himself a “eurosceptic”. Is it any wonder that the Tories are trailing in the polls?
I am not a great fan of Jeremy Warner, but the sight of him reporting something that should have been obvious years ago did seem worth a mention.
And by the way, I am delighted that France looks likely to elect an overt tax-and-spend lunatic even more statist and destructive than the dismal Sarko. So… hands up who thinks gold is still a bad bet?