Now the high fives are over, the triumphant family photographs, the hustings, the promises, the handshaking, the baby kissing are all done, is there anything in the kitty?

I’m a bit like the window shopper - no thank you sir, I’m not buying anything, I’m just browsing.

I am not political. Though I do love watching political jousting, I love watching the characters, I love watching the caricatures. And I love watching the car crashes - the political ones.

I love watching the schoolyard bickering, the one upmanship and the “he said, she said, they said” childishness on Question Time. Better still is watching a hapless politician getting spliced, sliced and diced by the legendary Jeremy Paxman on Newsnight.

Of course you will agree that Paxman should be Prime Minister.

And still they never learn.

I love it how career politicians who have never had a ‘proper’ job, who have never added value or added capital to the economy can then be handed the keys to head office on Downing Street.

These people can certainly split an infinitive, they can labour a point, but they can’t design, develop, manufacture or sell a widget to save their lives.

Well one of these chaps is now in charge.

I imagine during his days at Eaton, David Cameron used to look at himself in the mirror, in his stripey pyjamas and just before brushing his teeth with a glare of powerful assurance. He would probably kick off by uttering expressions like: “You’re a Tiger”, then he would graduate to: “Yes Prime Minister, certainly Prime Minister.” And then he’d brush his teeth.

Well in a short space of time, at a speed that might even be a surprise to him, David Cameron is in charge.

So now it gets serious, and David needs to get serious.

The high fives are over, the triumphant family photographs are done, the hustings, the promises, the handshaking, the baby kissing.

They’re all done.

I imagine again (I like imagining), David walking into his new office for the first time. He tries out the big swivelly leather chair. He probably does a full 360 degree swivel straight way. He’s young at heart. I imagine he is seated at an imposing oak desk and naturally there must be oak paneling on the walls. He checks out his new set of pens, and quickly scribbles neatly but authoritatively on his fancy new A4 gold embossed paper:

“ I’ve Done It.

Kind Regards,

Prime Minister David Cameron”

He quickly scrunches up the naughty note and drains his first ever attempt at a 3 pointer into the waste paper basket. Straight in first time. “You’re a Tiger”

Next he probably tries out the intercom buzzer on his desk:

DC: “Emily, can you please bring me a pot of Earl Grey”

Emily: “Yes Prime Minister”.

“It doesn’t get much better than this Tiger”.

His eyes are possibly then drawn to a report sitting on his desk.

It is marked: ‘For the attention of the Prime Minister’. Chuffed.

Below that reads the word: ‘Urgent Action Required.’ Hmmm.

You see folks, now that the dust has settled, and that the most popular party by popular vote, and the third least popular party by popular vote are now in bed together, it’s time to get serious.

The political and economic backdrop is one of developing chaos.

Greece, a country where people retire at the age of 53 on a pension of 95% of the average national wage, is in financial meltdown. It’s European big brothers have rallied around and flexed their muscles to say “don’t worry little bro, we’ll protect you” - in an attempt to frighten off the bullies. However that only goes so far, and Greece needs to sort itself out, and pump it’s own iron.

Riots, burnings and, tragically now killings have already tainted the picture.

Over in Ireland, last Tuesday there was a rather puny march on the National Parliament, where so far a dissenting protester managed to throw an Irish Garda’s hat into the air, in a dramatic show of defiance. But I fear that is just the start.

Spain, another potential basket case, has started it’s ball rolling by cutting public service pay cuts by 5%. There will be riots and strikes and chaos there.

As David turns the first page of his first portfolio on his first day in number 10, it reads:

“Dear Prime Minister, there is a growing debt crisis that threatens to dwarf the banking crisis by comparison. The UK had a deficit in 2009 of £160 billion and it will be worse this year. In fact it will be even worse than Greece’s deficit.

So I was just wondering if you had any sensible ideas about what we should do?

Never more sincerely,

Mervyn King

Governor of the Bank of England”

You see this is no longer a practice round, this game is on and it is live, and every second counts.

If the deficit is £160 billion what that means quite simply is that what the UK spends on an annual basis is a whopping £160 billion more than what raises in taxes.

With the expectation naturally that business activity will remain relatively stagnant as long as consumer spending stays depressed, well then you would expect the ‘Cash In’ envelope will stay relatively subdued.

And of course with the developing European Debt crisis, one can only imagine that interest payments on national debt can only go one way (i.e. up).

So what does that mean? Well a bit like a leak, where water has to find it’s way out…the only thing that can naturally give is wage levels.

So hope for the best but expect the worst folks: public sector wages will be coming down.

And when something so emphatically unpopular as that occurs, and when the rioting starts up in the streets….

…….how robust and stable does the ConLib coalition government look then?