UK election: "Why neither main UK party is competent"

The Financial Times headline which is sure to inspire confidence (thats sarcasm, BTW): Why neither main UK party is competent

Its an opinion piece. The FT is gated, but the article can be read with a free registration. Bolding (and giggling) is mine:

• There is a real difference between Conservatives and Labour on fiscal policy, though both promise tightening and not even Labour is prepared to argue for significant tax increases.
• This means fiscal adjustments will continue to be on the side of spending.
• The difference is that the Tories seek an overall fiscal surplus and Labour a surplus on the current budget.
• The former also means lowering spending to ratios to GDP barely glimpsed in half a century. Such a low level is unlikely to be achieved or, if achieved, sustained
• In brief, my assessment of the records of both Labour and Tory-led governments is that neither party is competent.

The election is on May 7