Curly's Corner Shop, the blog!

National debt will soon be 147% of national income

• £33,000 for every man, woman and child in the country.
• The worst figure since 1954
• One of the highest in the developed world.
• £67.2billion borrowed between last April and January.
• City experts said bringing the public finances back into order would mean cutting public spending by at least £60billion - around ten per cent - in 2014, and by £100billion by 2020, as well as big tax rises.
• We are beginning to go off the Richter scale in terms of the British experience.

That’s the price of over eleven years of Brown’s stewardship of the economy, doesn’t make happy reading does it?

I’m in agreement with Ken Clarke, public spending will need to be reduced drastically to bring the budget back into balance, but one of the hardest lessons to learn about recessions is that we need to get to the bottom point as quickly as possible, there is little point in dragging out the pain and having prolongued periods of economic inactivity and massive unemployment lasting many years. A smaller state sector and massively reduced taxes are what are required to provide the stimulus that Brown and his pals are so painfully unable to produce.  Brown and Mandelson keep banging on about how much worse things might be if they had “done nothing” whilst the rest of us complain “haven’t they done enough already?”

They know that every time they announce further measures to “help”, or another “bail out”, they are actually heaping more misery onto the next Conservative government – miserable cynical charlatans that they are!

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