Top Tory calls for a cut in living standards

Labour have been making hay out of the tin-eared comments of various Tories on the recession. First, there was John Maples saying that the recession should be left to take its course. Then, there was Andrew Lansley speculating about the possible health benefits of a recession. But today John Redwood has topped them both with this post on his blog:

‘The truth is that both the UK and the US have to cut living standards… People and governments have spent too much and borrowed to do so.   Now the world’s markets are saying enough is enough. Living standards in both the public and private sector have to be brought down. The private sector has to sell more abroad and consume less at home. The government sector has to get closer to just spending what it can collect in taxes.’