Archive for February 1st, 2010

Monday, February 1st, 2010

Tory Wobble

Something is not right at the centre of the Tory  Party. The retreat over cuts is alarming, not in itself, but because it signals another policy lurch. Coming on top of the business of the tax allowances for married couples (as opposed to cohabiting couples), this looks as if the high command is losing its nerve. There is mileage in being willing to hack at that deficit no matter what, and very little mileage in going the same route as  Labour. At present it is clear where Labour is and where the Lib Dems are. The Tories are beginning to look as if they have dropped their compass.

Monday, February 1st, 2010

Higher Education Cuts

Today there are warnings that the proposed cuts to higher education funding will mean fewer university places over the next three years. This is a very good example of what this Blog means when referring to the bankers sucking resources from the base of the economy to act as capital for their gambling.

The quicker we break up the banks and reduce the dominance of the City of London in our economy the better. We have to divert money from the socially useless to the socially essential. Sorry Boris.