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    The hard and unpalatable fact Brian is that there is no way to avoid the mess we are in. Right now Labour are pouring petrol on the flames, piling up more and more debt on top of what they amassed before the crisis. This is clearly a pannick response rather than a well thought out cohesive strategy.

    You suggest that the Conservatives played a part in creating this mess, that simply is not true. Brown has been in power for nearly 12 years. It was he who changed the regulation of the banks over the the crazy tri-partied system that made the banking crisis so much worse than it need be. It was Brown, who after sticking initially to Ken Clarke's spending plans for the first two years, then went on a spending and borrowing spree at a time when debt should have been repaid. It is the Brown Government that has laid regulation over regulation to hamstring businesess. It is Brown who has increased tax after tax. It is Brown who has discouraged saving and through the previously mentioned ill thought out reforms, kept interest rates lower than they should have been for far too long, creating housing bubble and leaving people with no savings and reliant on credit cards.

    Like you I think a later election is more likely, 2010. But there would be good reasons for Brown to go earlier and before the budget when the failure of the PBR will be exposed.

    The simple fact is that after the next election you will have either a Conservative or Labour Government, whenever it is.

    I think it will be a Conservative one because the economic mess will bite Brown hard. As I said whoever wins the election it will be a poisoned chalice because there will need to be some very diffficult and controversial decisions to be made, there is no easy way out of this.

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