There is an interesting article on the Liberal Democrat Voice website, click here.
It exposes some of the myths and spin surrounding the state of government finances in the UK, the (in)action which is being taken by the coalition government, Labour and its "Plan B”, and the likely (lack of) impact. I particularly like the fact that some of the data is sourced from my colleague Dr Tim Morgan at Tullett Prebon. The author does not present any solution to the problem but I agree with his conclusion that “There is no easy, immediate solution to all this”. As I have often said when asked what the solution is: there isn't one in the sense of a path which does not involve considerable hardship.