Tuesday, May 25, 2010

Queen's Speech 2010

Click here for the Queen's Speech of 2010. The top issue for the Coalition Government is the economic mess left by the last Labour Government, the Coalition Government in the Queen's Speech states the following, " The first priority is to reduce the deficit and restore economic growth. Action will be taken to accelerate the reduction of the structural budget deficit. A new Office for Budget Responsibility will provide confidence in the management of the public finances... " The next big date in the political diary folks in the Emergency Budget for June, in that Budget one can expect even deeper public spending cuts, it can be argued that its better to have the economic pain NOW, and have the benefits later, thus this is a political risk for the Coalition, if the pain is to much then the Lib Dems could do a runner, but that is the point of the 55% vote in the House of Commons to dissolve the Government, its a way for the Conservative Party to keep the Lib Dems on the same boat, lets see if works folks, would not yet bet the House on the Coalition lasting five years, politics is to much fun for that resolution folks.

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