The House of Commons yesterday debated the Government's Fiscal Responsibility Bill. The Bill's aim is to cut the size of the Government debt over four years.
I probably sounded the most grave warnings of anyone in the debate. I am not against the Bill, but I think it is too little and far too late. I've been on about this issue following the 2008 Pre Budget Report.
The one action I greatly regret in my thirty years here was not to press the Government on what they would do on day two...