The word here is sustainability and Alistair Darling has plainly and candidly said that the so called quality of life based on rising debt because of Labour’s mismanagement is blatantly unsustainable.

From Labour’s myths like ‘the economy is in safe hands’ to the realities of today, there has been one shock after another. Labour has little to offer and all it has done, again and again, is to accept the fait accompli.

But beware. Both the Conservative Party and the Lib Dems have been very quiet about what is on offer to put the economy back on track. They want to defeat Labour in the polls and in fact the Conservatives are taking it for granted that they will win the next General Election and so they might, but what then?

At local level and coming back to London, is the idea of converting Local Authorities into mortgage lenders. What is more, there is talk about Local Authorities buying properties that are about to be repossessed. With what money? How do they plan to acquire the said resources? Are we going to see once again Local Authorities crushed by the burden of debt and having to cut local services or are we going to see taxation levels sky-rocketing?

What happens at national level also happens at local level. If we want to spend, the monies must come from somewhere and this is something that they are not talking about acting like a hunter that waits until the last second to strike its victim.