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A moment of panic

Michael Crick | 09:00 UK time, Thursday, 2 July 2009

There was a moment of panic, I'm told, in the Treasury during Prime Minister's Questions yesterday when David Cameron suddenly brandished an internal Treasury document on government debt.

"Luckily," says my source, "it was only one of the tame ones, that doesn't have much more than is in the public domain. Not one of the serious ones which say what a mess we're really in."

Comments

  • Comment number 1.

    Look, the time will come soon (it's almost certainly happening right now) when reality will crunch into Brown's spending fantasies.

    Everywhere, individuals, companies and public organisations are running out of credit and/or cash. For example, where I live, Moray Council just shocked themselves by discovering unexpectedly that they were Β£2 million overspent, against a forecast overspend of Β£600,000. The Council says (jokes?) it will be saving millions of pounds in the coming 2 or 3 years ... but is clearly haemorrhaging cash today. Hardly an organisation in control of its finances. This type of situation means that organisations start to operate in atmospheres of near-chaos for much of the time.

    Similar situations are arising everywhere across our economy, at every level. Gordon Brown can bang on as much as he likes about spending the money he doesn't have now, and certainly won't have tomorrow, but this cold, stark reality - of individuals and organisations running out of money - will smash Brown's fantasies to smithereens soon enough. Ask any company owner struggling with a cashflow crisis. Er, sorry, I forgot: MPs aren't supposed to have second jobs, still less have a clue about how companies operate.

    What the politicians have yet to grasp, from inside their Westminster pay and expenses cocoon of thieves, is that unless and until they front up to the shocking reality that is now the UK economy, then with each passing day we shall edge closer to socio-economic armageddon. It's happening now.

    The political shysters in Whitehall are living in a deluded world of their own, obsessed with personal survival. When that devil-take-the-hindmost attitude extends to us ordinary citizens out here in the increasingly financially desparate real-world, there will be hell to pay on our streets and in communities.

    This is the imminent reality of a political elite now so far removed from the nation's citizens that one wonders which planet these people now inhabit.

    And right up there at the top of this unholy economic, political and, indeed, moral mess is ... Mr Gordon Brown MP: the man with the moral compass who saved the world.

    Even Kafka couldn't make this up.

  • Comment number 2.

    How does this stack up with Brown's "I have always told the truth," comment to Nick Robinson. One set of (fantasy) figures for public consumption, another for government. No wonder Osbourne's request for COIN data was turned down.

  • Comment number 3.

    This is a government in a state of such total chaos that one wonders why it doesn't simply implode. It's desperate scramble for not telling anyone anything has, I notice, extended to the Attorney General's office, which, at the very last moment, has obtained an injuntion to prevent Andy Hayman's account of counter-terrorism services.

    This has gone beyond any excusing. Remember that, in the past few days, we have had Adonis buying a rail service, Mandelson failing to sell a lump of the Post Office and Scotland desperately suppressing material which should be in the public domain. What do they have in common? They have never been through the inconvenience of election, do not have to appear before the Commons - in fact are totally unaccountable.

    In the meantime, Sir Gus O'Donnell (a civil servant) refuses to give the Tories information which, it is subsequently claimed, is already in the public domain while cabinet ministers deny all knowledge of the decision.

    Now the Treasury goes into a state of blind panic because it can't keep a secret. (Who runs the Treasury, by the way? The guy who couldn't be sacked or the guy who couldn't sack him?). This is so pathetic it beggars belief.

  • Comment number 4.

    most people in government don't have a clue about business hence their disasterous running of the economy, this applies to governments of either pursuasion. Blue Streak in the fifties cost millions and was a dismal failure and abandoned, any bright lights that unearth themselves within government usuall get jobs in the city and have well feathered their nests because of their association with high finance on a 'peripheral' scale, nudge, nudge etc., and either become millionaires or end up in the slammer such is the fine line between competance and crookery, some end up as Prime Ministers.....which should worry us but doesn't

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