Quote:
Originally Posted by Ignitionnet
With the protestations so far you'd think they already were.
Not actually that far away relatively, the coalition isn't going to do enough, they will bring borrowing back below GDP growth by 2014 according to the OBR. So we will still be accumulating debt, just by then predictions are that debt will be shrinking as a % of GDP.
By this time of course depending on which measure you look at the UK's debt and unfunded liabilities then add up to anything from around 80% of GDP to 400% of GDP.
Government and individuals lived beyond their means over the past decade. Government is going to, in a small way, start working towards living within its means, individuals have to do likewise.
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Quite. It always seems strange to me that those who remind us of the vast underpaid armies of workers in India, China etc. argue that our people deserve to be better off but don't seem to accept that we're in competiton with those nations. Unless we become more competitive they'll continue taking our jobs and the wealth that goes with them. Things may be bad now but unless HMG gets to grips with our debt things are going to get a whole lot harder for us all.
As regards UK Uncut - I was listening to a spokesman for them a few weeks back banging on about the banks etc. and setting out how the UK's problems could be solved by getting tough on them. When faced with a financial expert it soon became clear he really didn't have a clue what he was talking about but of course there are plenty out there who believe what they want to hear and buy into the simplistic nonsense these people talk......