The Prime Minister in the UK thinks spending and borrowing more is the right thing to do in the circumstances, and is busily trying to bail out chunks of the private sector which would otherwise have to adjust more quickly to the painful reality that we have been living beyond our means.
At the next General Election, voters face a clear choice: deregulation and less interference in everyday life with the Conservatives, or yet more regulation and interference under Mr Blair.
The UK downgrade will come as little surprise to many. It does not appear to be occurring because the UK is cutting its deficit too far and too fast.
My main argument against staying in the E.U. has been the poor economic record of the E.U. as a whole and the eurozone in particular. The performance has got worse the more the E.U. has developed joint policies and central controls.
We should begin to remind people they are always after your money and if you are on something around average earnings you really don't have that spare capacity to pay for all these follies that Labour keep spending their money on.
When teachers try to teach, nurses try to nurse, small businesses try to serve their clients and the police try to arrest criminals, there is always a regulator or three breathing down their necks. Conservatives want to make people's lives easier.
There is not necessarily a good reason why a regulator should have to be involved in product design and marketing for rich and sophisticated investors. We recommend that such investors should be able to sign a piece of paper, which allows them to go ahead and buy unregulated products at their own risk.
We think it would be safer if the Bank of England had responsibility for solvency regulation of UK-based banks, as well as having an overall duty to keep the system solvent. Otherwise, there could be dangerous delays if a banking crisis did hit.
The Irish move to a very low corporation tax has generated very significant revenue growth, considerably in excess of Britain's, where a slower economy has been combined with a number of stealth taxes.
Leaving the E.U. will enable the U.K. to undertake a major campaign for import substitution.
The E.U. referendum is a major watershed in U.K. history. It will be important for the future of the Conservative party. It will be even more important for the future of our country.