Jim Power

And then when the government financed

failed to deliver the last time.

There was murder, there was hell to pay.

So that's the problem with spending.

Once you commit, it's a ratcheting up effect.

It's really difficult to roll back, even if the tax revenues disappear.

So I think the public finances are in a very, very precarious place at the moment, potentially.

I think government really needs to stand up, be strong, keep the lid on public spending.

and make sure that the tax take is maintained to the greatest extent possible, whatever that entails.

Well, yeah, I mean, that's one way of looking at it, Chris, because we are so heavily dependent on US multinational sector.

And they're all doing so well.

They're all doing so well, yeah.

Well, that's one way of looking at it, absolutely.

Listen, Chris, great to talk.

And I apologize for confusing you about Exchequer and general government.

It's EU accounting, which I don't fully understand.

Hello, Chris.

Good to talk.

Hope all is well in the south of France.

I want to start today by talking about the UK elections.