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Re: Economy is worse under us, says Cable:
Quote:
Originally Posted by denphone
And as Mr Cable says it ain't working as it currently stands so maybe they need to think about a change in policy sooner rather then later or many people fear that this economic crisis could go on for a generation before we see improvement.
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But a change in policy could lead to the UK's credit rating being downgraded, which would mean the interest rates on all the money we, as a country are still borrowing to pay for current spending plans, would rise, leading to higher debts and probably more cutbacks.
We can't carry on, as a country, spending money we don't have.
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