Without cutting the deficit and slashing the money we're spending on servicing this debt over the course of the lifetime of the next generation, any hopes of greater investment in public services is just pie-in-the-sky thinking. Without the cut in spending NOW, the UK will lose the confidence of world markets and our access to much needed investment and any new finance will be severely limited.
Branson had this to say over the arguments about when spending should start to be cut:
"We are going to have to cut our spending and I agree with the 20 leading economists who said we need to start this year. The next government, whatever party that is, must set out a plan to reduce the bulk of the deficit over a Parliament by cutting wasteful spending and must not put off those tough decisions to next year."
.jpg)
Posts
Yes - but what should be cut? Let us have a list! First on mine would be Trident, followed by ID cards followed by any tax relief that large corporations like Virgin get. What ...is.... Tory Party policy on this? Where will you wield the knife. As a voter - I would like to know...
ReplyDelete(And don't forget to factor in the costs of making such cuts as well - redundancy payments can be quite high... oh and yes - please make sure you get your %'s correct!!)
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/7269006/Economists-warn-deep-spending-cuts-would-be-dangerous.html
ReplyDeleteEconomists warn deep spending cuts would be 'dangerous'
More than 60 leading economists have written to the Financial Times in support of the Government's plan to delay public spending cuts until 2011
@anon 10:28 yeah, but ask 60 leading economists their opinions and you'll get 80 answers...
ReplyDeleteTrue - and it has been said that the reasons why astrologists exist is to make economists look scientific.
ReplyDelete