Cameron: "Years of Pain Ahead"

Alan_Cross

StevieJ wrote: »

Which suggests the problems are a bit more widespread than merely a Brown induced UK centric crash which has been the common unthinking rhetoric on these boards over the past couple of years.

Bravo. Didn't see much reference to this at all in certain postings during the election campaign.

It was all 'Brown's fault'.

I wonder how much more sheepish backtracking we'll see about Labour's record in the weeks and months to come.

Degenerate

Old_Slaphead wrote: »

Not suggesting the Americans are any better (they're just as bad).....the Germans, at least, they're supporting most of Europe

That's not how they ran up their debt. Germany was giving nothing beyond it's normal EU subs until recently, and in fact could be argued to have got more back, as the one country whose competitiveness greatly benefitted from monetary union.

lostinrates

Well, if we carry on as we are, in five years time the interest we will pay on our debt could be around £70 billion - that's more than we currently spend on schools in England, plus climate change, plus transport.

TBH, I find that utterly daunting.

chucky

lostinrates wrote: »

TBH, I find that utterly daunting.

that was probably the whole point - to scare us into allowing them to what ever they like now

lostinrates

chucky wrote: »

that was probably the whole point - to scare us into allowing them to what ever they like now

I'm absolutely sure of that being exactly the point. Nevertheless, the ''fact'' is a significant motivator for concern ...so its a point well drawn by them.

Thrugelmir

lostinrates wrote: »

TBH, I find that utterly daunting.

Plenty of softening up ahead of the budget.