Mr Robert Cant: ...but that authorities will be allowed to spend 50 per cent. of the balance of 50 per cent. next year and, the year after that, 50 per cent. of the remaining balance. That is remarkable. It is cloud-cuckoo-land. The situation has gone berserk. The Secretary of State may say that councils which face any difficulty because of these new rules can effectively ignore them. The financial...
Mr Robert Cant: ...of minutes, but I shall take 30 seconds more. If we believe that by the wave of a magic wand of a fiscal or monetary kind we shall solve the great problems of the economy, we are living in cloud-cuckoo-land.