I'm sure Clarke doesn't think that Alistair Darling a fellow lawyer is better qualified that the former Shell Chief Economist. So that must leave the modern historian George Osborne as the best economic mind to deal with an economic crisis.
It's ludicrous to think that voting for more LIb Dems will lead to a destabilised economy. Indeed one thing we have been saying is that we should get all the parties together to work out an economic plan to get us out of this. Looking at the manifestos of both Labour and the Conservatives one thing that is lacking is that clear plan.
Here's one that George and Ken may want to consider five tests before we start to cut the deficit and indeed possibly before the Tories might end up having to fall back on the IMF.
- the rate of growth
- the level of unemployment
- credit conditions
- the extent of spare capacity in the economy
- the cost of Government borrowing
However, I guess the Tories are too short sighted to see things that way.
* Scottish version also available.