Thursday 29 April 2010

The Age of Austerity beckons

This from the BBC's Nick Robinson...

The American economist David Hale says that the governor of the Bank of England has told him that the next British government will need to launch an austerity drive so tough that it will threaten its political survival, potentially leaving that party out of power for a generation.

Farewell electrification, Crossrail, a new Thameslink fleet, add your own pet project here, etc...