Hurting bout locals? Come on everyone knows locals are usually anti the government in power. But if it does relate to the country wanting this prick in power then its a sad state of affairs indeed
No one likes austerity.
People agree that we need to cut the DEFICIT, (no the debt as I keep hearing!!) just as long as THEY don't get the pinch.
Labour said they would cut 18% and the Tories 19% when the policies were looked at by the IESR before the last election. Labour said these would be ACROSS THE BOARD.......including the beloved NHS, which the Tories are protecting in real terms but there are still cuts in some areas due to the ever increasing demands for new drugs, an aging population and epidemic levels of obesity.
To pretend they could do any different is a fudging joke.
The reason the UK can currently finance is ?ú130 billion DEFICIT per year at German rates of interest, around 2%, is because the markets see we have a plan to balance the books and we are actually hitting the targets to reduce the deficit, (down ?ú60 BILLION in 2 years) France is 2% higher than us and Spain and Italy are above 6%.
If we have 6% interest rates it would increase the national annual DEBT interest bill from ?ú60 billion to around ?ú100 billion+ So another ?ú40 billion of cuts would need to be made.
In effect, NO ONE wants to cut, but it really is the lesser of two evils. Cut what YOU decide and balance the books or take orders from Berlin once the IMF need to be called in.
If you think i'm overstating this issue you're FLAT WRONG. Just look at Italy, (similar sized economy and population) absolutely fudged.
Spain has a higher GDP per capita than the UK but 25% unemployment and 50% for 18-25 year olds!! This is after a socialist government for 12 years.
Socialist government in Greece as well.
Now France will vote in a socialist who is peddling gonads about 75% tax rates and telling the 'markets' to fudge themselves.........lets just see how things pan out for France shall we??
Bottom line, when you aint got a fudging pot to tinkle YOU don't call the shots when you get the begging bowl out.
The UK is spending more this year than last year, (?ú700 billion +!!!!) and will keep spending more every fudging year for the rest of the parliament.
I argued before the last election that it would be a good one to lose. Looks like i'm being proved right!! But Labour are a bunch of lying ****s to pretend they have a fudging plan.
All Balls can say is talk about a VAT cut, (that would cost ?ú25 BILLION by the way!!) like that had a great effect last time?? Oh right, i'll go and buy that ?ú1000 TV because it's ?ú25 cheaper?? Do me a fudging favour.
I really do despair.