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In real terms you would have been better served spending the hour Alistair Darling spent delivering his budget this afternoon reading a Greek romance novel, for all the sense it makes to the every day British punter.

I've spent a few hours reading Economist boffins' analysis of it and have now managed to glean some sort of idea of what it all means on a microeconomic scale. It's not looking good. We're being fucked really quite brutally and it's only going to get rougher. In his world, only having to borrow £167 BILLION is a windfall as he was expecting to have to borrow £180 BILLION.

If it's considered splendid news to only have to borrow the entire GDP of Africa you know it's time to start cave hunting. Our national debt is massive and our annual deficit is going to make it massiver.

For every household in the country this means, as we speak, an existing debt of about £32,000 on top of which the Chancellor wants to add another £2,700, £2,200, £1,800, £1,500 and £1,200 for the next five years - not to mention interest payments of another £1,000 a year. Now let's assume each household has an annual salary of only £16,000 and it's literally brown trousers time.



In order to tackle this debt the Chancellor has proposed we each buy supermarket brand beans instead of Heinz and not spend quite so much on hair gel. Essentially what he's saying here, is the size of the debt is just too astronomically large for him to really give a shit about as he's only got a few weeks left as Chancellor regardless of who wins the election.

If you look at his face in all the photo's of this morning's traditional holding up of a tatty briefcase, he looks suspiciously content for someone residing over a debt that has more zeros in a line that you'd usually find queuing up to get into a Star Trek convention.

He clearly doesn't care and why should he? I seriously think Cameron and Brown are both doing their level best to lose this election as neither one of them can barely stand to go near the nation's balance sheet, let alone figure out how to deal with it. I'm sure they both desperately want to lose the election, so they can watch the other descend into lunacy from afar.

Labels: Economics, Nonsense, Politics