Darling - "Spending spree hasn't worked and I plan more"

Never let it be said, that Darling doesn't believe in throwing more good money onto bad.

In a Guardian interview today, Darling said that "You'd be very foolish indeed to say 'job done'. We've got the Budget next year, and the pre-Budget report in 12 months time. I put more money into the reserve on Monday because I know we're almost certainly going to be doing additional things"

Well there you have it. Monday's spending spree was just the beginning.

And it's not just Darling. Peter Mandelson is apparently drawing up a list of companies that are judged 'too important to fail' and would be bailed out by the Government. If this list were to be leaked, then it would spell doom for the companies involved. I hope that if a list exists that it is not left on a train.

Taxpayers should not prop-up failing companies.

We really are looking at a return to the 70s - Tax and spend, government nationalisations, recession... I can only hope that David Cameron comes to power with the zeal that Mrs Thatcher did and reforms the failing state.