The Institute of Fiscal Studies criticism of the Coalition Government's budget is not good news. It comes on the same day as Anatole Kaletsky heavily criticised the Government's 'macho' attitude towards making spending cuts, which he fears will send us into a disastrous recession next year.
Now pundits and 'think tanks' can be wrong, but it really does seem that people are starting to wake up to the real damage that the Coalition's budget has already done and will do in the coming months and years. The reaction of "Deputy PM" Nick Clegg was typically vacuous - will there come a time when he engages his brain before speaking on any subject?
There is a choice for this Government to make - stop the posturing cuts now and take us back into recovery in a sensible and measured way, as proposed by the last Labour Government. The risks of and actual damage which will be done if the Coalition continues as it is currently doing are simply too great. It is time some Lib Dems with a conscience started to recognise this fact.