Well he would say that, wouln't he?

If it gets much attention in the press, we can probably expect Peter Mandelson to turn up on the airwaves pooh-poohing superannuated scribblers and Conservative party lackeys, butRichard Lambert, director-general of the employers’ group, endorsed Tory fiscal policy and welcomed the non-confrontational stance on Europe taken by party leader David Cameron. Mr Lambert stressed the CBI’s apolitical nature but his comments mark a significant shift by the business community.

Now the socialists will say that the CBI always side with capital and the bosses, although that didn't stop them appointing former CBI DG and of world's most boring after dinners peakers, Digby Jones, to the Labour Cabinet, but Mr Lambert is a different kettle of fish.

Having studied history at Balliol College, Oxford, Lambert joined the Financial Times in 1966. He edited the Lex column in the 1970s, becoming financial editor in 1979. In 1982 he moved to New York as the bureau chief, returning to the UK a year later as deputy editor. He became editor of the Financial Times in 1991 and during his 10 years in this role launched the US version of the newspaper.

He was a member of the Bank of England's Monetary Policy Committee from Spring 2003 until Spring 2006, after which he took up the post of director-general of the CBI in July 2006.

So an experienced business and well respected business writer and one of the former senior monetary economic advisors, says that the government is spending far too much. But given his acknowledged expertise, he would say that.