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Budget 2010: EU calls for faster UK deficit cuts
Comments
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I am very surprised that no polititian has called the EU bluff and said "Right you EU lot you can do your bit, all EU staff to cut wages, expenses and pension rights by 20% cut EU commision pensioners pensions by 20% and save some money. We have just unilaterally cut the amount we are contributing to the EU by 30% to reduce our defiecit and get out borrowing down to less than 3% of GDP."
It seems that they tell all countries to cut spending whilst they think they can increase spending ad infinitum. Strange.
I know we rarely agree but praise where it is due - Spot on :T'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
The Suns take on it reminded me of a fair few people I know. They compared the Uk to a person on 30K a year with 15k of credit card debt and continuing to borrow daily.
No wonder Labours ratings keep rising. I suspect a fair few of the adult population fits into to the Suns 30K type.
I don't think even the Sun shows the full extent of the problem.
Excluding the state pension liabilities the national debt is around £2.2bn (£0.85bn + public sector pensions £1bn plus PFI £0.4bn) that's around 150% of GDP.
Carrying on the Sun's analogy - that's like a person on income of £30,000pa with a spending of £34,000pa and a credit card debt of £45,000. All the Government are suggesting doing is reducing the annual deficit from £4,000 to £2,000. The accumulated debt will continue to ad nauseum.0 -
Not quite as 'good' as that though - more like £40,000 pa spending so current plans are about reducing the annual defecit from £10,000 to £5,000.Old_Slaphead wrote: »Carrying on the Sun's analogy - that's like a person on income of £30,000pa with a spending of £34,000pa and a credit card debt of £45,000. All the Government are suggesting doing is reducing the annual deficit from £4,000 to £2,000. The accumulated debt will continue to ad nauseum.
The £170 odd billion overspend this year was close to 30% more than govt 'income' (although 'only' 12% of GDP) - we need another 'nalogy'...
[edit] Oh, and the mortgage/credit card/consolidation loans etc would be around £120k0 -
The Suns take on it reminded me of a fair few people I know. They compared the Uk to a person on 30K a year with 15k of credit card debt and continuing to borrow daily.
No wonder Labours ratings keep rising. I suspect a fair few of the adult population fits into to the Suns 30K type.
I went to the website to find that story...sorry to get off topic I couldn't help but notice this one on the front page: http://www.thesun.co.uk/sol/homepage/news/2896074/Woman-torched-sisters-bunny.htmlKatey Barber downed seven cans of lager before setting Bunny the rabbit's hutch on fire...Bystanders tried to intervene but they were beaten back by Barber's barrage of expletives.
Jesus we've got some problems in this country if anyone behaves like this. It's tempting to think The White Horse is onto something when you read stories like this.0 -
I was not being flippant; I am pointing out that in many cases normal productivity measures are not suitable for judging the public sector.
An obvious point yes, but not a flippant one.Politics is not the art of the possible. It consists of choosing between the disastrous and the unpalatable. J. K. Galbraith0 -
i Guess everyone on this thread is quite anti-EU
you should look at the facts on the benefits of the UK being in the EU, its astonishing the impact it has had when you read the facts
a good site for it is called something like europa.eu:beer:0 -
i Guess everyone on this thread is quite anti-EU
you should look at the facts on the benefits of the UK being in the EU, its astonishing the impact it has had when you read the facts
a good site for it is called something like europa.eu
No, anti-euro.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
If the UK joined the Euro it would over take the dollar as the worlds reserve currency before 2020 the benefits from that are immense:beer:0
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