Wednesday, 23 June 2010


Mrs Thatcher became known as TINA, short for 'There Is No Alternative' (to unbridled capitalism). Now George Osborne tells us his budget is unavoidable. I suggest a new slogan OPIUM 'Our Policy is Unavoidable, Mate'.

He even claims his budget is 'progressive', when it is the poorest who will suffer most from the rise in VAT and whose benefits will fail to rise with inflation. It seems rather kind to bankers, too, although the whole problem is how to pay the bill for keeping them afloat.

So think back to 1979, when the first budget of the Thatcher era threw Britain deeper into recession and unemployment. She became so unpopular that an election defeat became likely, until she was boosted by the Falklands War. So shall we get a new war sometime in 2014? Or will that simply be the year that we finally find an excuse to withdraw from Afghanistan?

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