From page xi of Will Hutton's introduction to his latest book"Them and Us":
The greatest danger to the new government is its repudiation of Keynesian economics in circumstances that demand more Keynesianism than at any time since the 1930s. There has to be a willingness to spend, borrow, reshape finance and protect investment at all costs.
Yet on the coming Wednesday, with Liberal Democrat support, the coalition government is to announce details of its proposals to do exactly the opposite. It is hard to avoid despair.