Living on Borrowed Time

Part time Tory MP Tim Yeo’s latest musings on the state of the economy read more like something out of the Ed Balls textbook of treasury tragedy. Despite yesterday’s worrying borrowing figures, the conflicted MP ludicrously says we should borrow more money:

“If borrowing is for long term infrastructure assets it should be considered, providing a direct economic benefit can be demonstrated. I do not approve of borrowing due to a failure to cut current spending quickly enough. But where the economic benefit is evident borrowing is acceptable.”

Maybe he’s hoping that economic benefit he mentions might apply to one of his own copious outside interests…




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Former Governor of the Bank of England Mervyn King…

“There are arguments for remaining in the EU and there are arguments for leaving the EU. But there is no case whatever for giving up the benefits of remaining without obtaining the benefits of leaving.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.