In Deep Water

The Tories plan to fix the economy. Their budget was all about reducing the deficit. Cutting back on spending, especially for those on benefits. The usual kind of Conservative policies but now aimed and returning them to credibility as the party capable of looking after the economy. After five years in coalition they are in charge for the first time since the nineties. Since they lost all credibility as managers of the economy.

In their current plans they have thrown all kinds of numbers around. Projections and predictions. The usual mumbo-jumbo from the narrow world of policy makers and econometrics. Data that supports what are essentially political decisions. Moves to favour big business and the wealthy rather than people on lower incomes.

What underlies it is the same push that has been around for the last five years in the UK: desperate efforts to patch up the ruptured system that is neo-liberalism. Globalised capitalism supported by high debt and unbounded consumerism.  But even the politicians are aware that it is broken beyond repair. That we are currently limping on, even with historically low oil prices and interest rates. After billions have been tipped into the economy through Quantitate Easing. They have an inkling that ordinary people won't endlessly put up with declining real incomes while they watch the super-rich struggle to spend all their money. That one major hiccup - like the impending oil price rises or Greece upsetting the whole of the Euro- will blow the whole lot to pieces.

So the Tories may want to fix the economy and get back to the good old days of the eighties but it's not going to happen. Events are against them and this period of calm won't last. Whatever they do, we're all sunk.