So the EU have come out now and criticised the UK and in particular the Brown/Darling deficit reduction plans. This from an organisation which cannot even sort out its own house.........the problem is they are right: its just we never like 'Johnny Foreigner' telling us where we are going wrong! The reason for this statement is that we have breached EU stability rules, exactly the same as France and Germany!!!!!!! So the B/D plan is to half the deficit in the next four years, possible, maybe, probable no, they are now hooked on a huge PSBR which has been inbuilt into the system. This deficit figure doesn't even take in the real position as the likes of PFI, public sector pensions, etc are not included. If we look at public sector pensions and take our own county as an example of this particular black hole country wide, we find 50% of the total combined overall budget for county is the same as their pension deficit, over £400 million and being reassessed (upwards) as we speak! When I questioned county about this, after being told we (ratepayers) will just have to keep paying into it, I was then told as it was a countrywide problem it was almost being ignored. Sound financial planning indeed and conveying a high sense of confidence in abilities to actually manage a billion pound a year business! If we then think about the fact that almost 50% of all jobs in our county are in the public sector I hope we can all start to see the very real problems we are about to face, its called reality! The forthcoming election (only concentrating on the two major parties sorry Stephen) now seems to have some blue water between the parties, fiscally anyway. We have a choice of either paying more and more into an ever increasing black hole of debt or seeing policies implemented which could result in 10,000 plus redundancies locally, and that's just public sector ones. Neither would seem particularly appetising but sometimes that's politics! I think it boils down to 'Do we take the medicine now or put it off for a while?'