School of thought

Yet, while this would assist the Treasury's balance sheet, it would be socially irresponsible – and rekindle memories of the, at times, cold-hearted nature of Margaret Thatcher's premiership.

This is highlighted by fears that plans to spend a further 1.5bn overhauling school buildings across Yorkshire may become an early victim of the looming cuts

Ministers need to tread carefully. Many of the schools concerned have already had to wait an inordinate length of time for these

improvements. Many are also in rural areas that were traditionally bypassed by Labour.

The consequence of deferring these schemes is a two-tier system between those schools that have new buildings – and those that do not. It will certainly leave many pupils disadvantaged, given the links between improved facilities and attainment. It also denies much needed jobs to the building industry in these troubled times.

Mr Cameron also talks about following Canada's example in reducing the deficit. He's right – but an important caveat needs to be made. Canada was able to cut spending because its private sector economy was growing.

Yet the same cannot be said about Britain in 2010. If Mr Cameron wants to follow the Canadian lead, he needs to put in place measures to encourage business growth. For, if these policies are effective, the deficit will gradually fall – and key areas of spending, like school buildings, will be able to be protected.

It's a lesson that the Government needs to learn.