Budget 2010: EU calls for faster UK deficit cuts

Sir_Humphrey

The truth that dare not speak its name is that cutting the deficit quickly would mean tax rises. It's the only way to deliver deficit reduction in the timescale being talked about.

viscione

The tories have basically based thier whole election strategy on a hate gordon brown rant!!

Well said by the Lib Dems leader Nick Clegg, However Gordon Brown has done nothing wrong while he has been in office in fact I think he has done a hell of a job!!

We all know if David Cameron was in office over the past 3 years we would definitely still be in recession.

I am completely unbiased in my political opinion but after studying and looking at the facts Having the tories and David Cameron in Office will be the worst thing that has ever happend to Britain and I hope it doesn't happen.

I will be voting Labour

viscione

and for the record the EU is the only credible way forward for the UK otherwise we may aswell not have a foreign secretary as nobody would be willing to listen to what we say.

A move to the Euro would be good for OUR economy long term aswell

StevieJ

viscione wrote: »

and for the record the EU is the only credible way forward for the UK otherwise we may aswell not have a foreign secretary as nobody would be willing to listen to what we say.

A move to the Euro would be good for OUR economy long term aswell

Don't agree with that one :eek:

StevieJ

chucky wrote: »

nine one Tory boy - actually that was you. mine was Post 13, yours was Post 12 commenting on Labour's inability to do something or other that the Conservatives have done the same thing.

are you getting paid for being a Tory activist?

Old_Slaphead

Sir_Humphrey wrote: »

The truth that dare not speak its name is that cutting the deficit quickly would mean tax rises. It's the only way to deliver deficit reduction in the timescale being talked about.

Would you explain this to me?

StevieJ

Old_Slaphead wrote: »

Would you explain this to me?

Seems obvious, severance payments etc.

Generali

Sir_Humphrey wrote: »

The truth that dare not speak its name is that cutting the deficit quickly would mean tax rises. It's the only way to deliver deficit reduction in the timescale being talked about.

And tax cuts is what the country needs.

So what to do? Well the only way is to reduce spending very quickly and the only way to do that is to break contracts with employees and suppliers. Morally, that's only reasonable if you aren't going to be able to pay everbody everthing you are contracted to pay - if you pay one creditor over another knowing you can't pay everyone then you are preferring one over another which is illegal and immoral too, IMO.

So, can the UK pay her debts? To put it another way, are today's creditors (employees) being preferred over tomorrow's (retirees)? That's an interesting question. I think that they are but by definition, if people are prepared to lend the British Government money then someone out there must think that the British Government is solvent.

You guys are in a tough position right now. I don't think the political will exists to resolve it quite frankly, amongst the politicians or the voters. I guess hoping for the best will have to do.

StevieJ

Generali wrote: »

And tax cuts is what the country needs.

So what to do? Well the only way to very quickly reduce spending and the only way to do that is to break contracts with employees and suppliers. Morally, that's only reasonable if you aren't going to be able to pay everbody everthing you are contracted to pay - if you pay one creditor over another knowing you can't pay everyone then you are preferring one over another which is illegal and immoral too, IMO.

.

Are you suggesting that the Tories may do this, I could see why they wouldn't wish to include it in their pre-election manifesto

Kohoutek

viscione wrote: »

However Gordon Brown has done nothing wrong while he has been in office in fact I think he has done a hell of a job!!

We all know if David Cameron was in office over the past 3 years we would definitely still be in recession.

Gordon Brown has only made things seem better by borrowing even more money, and the Bank of England has co-operated by lowering real interest rates to below zero (interest rates minus inflation) and by printing £200 billion.

Under the government's own proposals, the cutbacks in public spending that will be necessary over the next eight years to reduce the enormous deficit Brown has built up will be equivalent to reversing all increases in public spending since 1997.