Who is for turning over the deficit

It will be compared with the famous economists letter to Margaret Thatcher at the height of the monetarism experiment.

The Sunday Times' lead story being that 20 economists have written to the paper worrying that little is being done to tackle the budget deficit.

They state that

In the absence of a credible plan, there is a risk that a loss of confidence in the UK’s economic policy framework will contribute to higher long-term interest rates and/or currency instability, which could undermine the recovery.

adding that

the government’s goal should be to eliminate the structural current budget deficit over the course of a parliament, and there is a compelling case, all else being equal, for the first measures beginning to take effect in the 2010-11 fiscal year.

Whichever government comes to power in May they should take note that the signatories include the former chief economist of the International Monetary Fund, a former deputy governor of the Bank of England and head of the Financial Services Authority, and a former permanent secretary to the Treasury and cabinet secretary.

The letter will be no doubt seen as an attack on Labour,but really it should also apply to the Tories as both appear to think votes are more important than fiscal realities