BBC NEWS | Business | Economic slowdown hits borrowing

“The Chancellor, Alistair Darling, admitted that the UK economy will contract by around 1% next year, after falling in the second half of 2008.”

After the country and indeed most of the world getting into a “credit crunch” and recession following too much easy borrowing. It’s more than ironic that the Chancellor thinks the way out is by spending like a madman.

I’m left wing, but this is absolute madness.