It's no good, Gordon - the money's gone

Mail on Sunday
"It is the Prime Minister, Gordon Brown, who is in denial. He is determined to fight the next Election on a high-expenditure policy.Last month's Pre-Budget Report (PBR) was largely determined by Brown himself and imposed on Darling. The PBR was a fiscal disaster because it failed to give a convincing explanation of the ways in which the Government would reduce the deficit. This has undermined the confidence of the bond market.There may be worse to come. Brown has not fixed the date of the General Election, but he has virtually committed the Government to have a Budget in March. Yet a March Budget could repeat the failure of the PBR."