Certainly they are getting time in the international spotlight although very little is achieved for all their huffing and puffing.
 
But David Cameron and George Osborne do seem to be making heavy weather of getting their message across on taxation and borrowing policy. Perhaps we’ll get a better idea of where they stand in the days following the Pre-Budget Report.
 
I do know, however, that even the most superficial examination of Labour’s record in Government shatters any pretensions it has towards economic competence.
 
This inconvenient truth was brought home in comments this week from Andrew Goodwin, economic advisor to the Ernst & Young ITEM Club, which uses the Treasury’s own economic model to arrive at its conclusions.
 
This is his take on the “shocking state of the public finances, with borrowing rising alarmingly.”
 
He writes, ”Though the government is likely to announce a package of tax cuts in the Pre-Budget Report, higher taxes and/or lower government spending are certain once the economy has been restored to health.”

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