The Four of Horsemen of the Apocalypse  

For some time now it has been possible to see the four horsemen of the apocalypse on the horizon. Most economic commentators ignore their existence and the potential damage that could be inflicted on our economy if they all swept through at once.Horse one symbolises the ruinous state of public accounts. The government first claimed the deficit to be around £85bn. This was revised in the pre-budget report then revised again to £175bn in the budget itself. I argued that these estimates looked conservative and the latest guesstimates on the deficit this year come in at £200bn and maybe even £220bn.This ... ...