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…




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Quote of the Day

John McDonnell tells the Gallery/Lobby lunch what the priest told him to do…

‘He persuaded me to do this. He said you need to soften your image. So do Mumsnet and do this…. I’m trying to soften my image.’

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