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  Hold on Brian - a 'reasonable spend' - we are far past that. The deficit is massive as is the debt.
  
  It will not work and will lead us into a loss of investor confidence. The investors who buy government bonds do so because they are essentially a low risk investment and expect to earn a low coupon accordingly. If these investors see the UK government abandoning its deficit reduction plan make no mistake they will demand higher interest to offset the extra risks they will be taking. S&P have already warned the government that our credit rating is at risk.
  
  Do what you suggest and we will end up with even higher cuts to make than now.
  
  We are a hairbreadth away from a huge problem as Osborne has only been doing the minimum needed to settle the markets as it is.
  
  Our deficit and debt levels are among the worse in the EU and, in fact, worse than many of the PIIGS who are in so much trouble over bond rates now. Only the deficit reduction plan and the fact that our currency is taking some of the strain means we are enjoying low interest rates.
  
  Picture the effect of increased interest rates on business - any good done by 'stimulus' would be more than destroyed by the higher interest rates.
  
  As I said - the starting point is the problem we have. The theory is good and it would have merit IF our finances had been well managed and had no deficit at the start of the slowdown in 2007 but we already had a structural deficit from 2005 and were incredibly weak.

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