Pre budget speech devoid of any real ways to solve economic woes
“Britain is facing the biggest pre budget deficit in our peacetime history. We are the last country in the G8 to emerge from recession and the European Union has already collectively started growing. Yet Britain is still in recession.
When Labour was first elected in 1997 they promised an end to boom and bust. As Chancellor of the Exchequer, Gordon Brown created an artificial boom based on astronomical borrowing. He encouraged the outrageous casino banking culture and as a result has deepened the nation’s budget deficit. Mr Brown’s legacy has left nothing but a big bust for the UK economy.
His successor at The Treasury, Alistair Darling, has been left to clear-up the mess our current Prime Minister has left behind. He has no real policies in the short-term to solve Britain’s economic woes.
Mr Darling has got the timetable for recovery wrong. He admitted recently the recession was worse than feared and Britain has not started growing again and yet he continues to insist that Britain will experience growth by the beginning of next year! How can we believe any of his predictions?
The pre-budget speech has done nothing to improve the situation of the country. I welcome the attempts from Mr Darling to tackle the big bonus culture of the city. It is something that is vital to address in the long-term. Although, in the short-term we need to encourage banks to start lending to businesses again so they can create growth and the jobs necessary to end the current recession.
The pre-budget speech has done nothing to encourage banks to lend to business. It has done nothing to help families who are struggling as a result of the recession. With VAT returning to 17.5% confidence in the retail markets will surely fall? How does this help us to recover?
The public wants action now. It expects answers from a Government which has directly contributed to the country’s situation.
Once we have achieved an economic recovery and created stability within the job market we can then begin to tackle the issue of the budget deficit and what to do with the disgraceful bonus culture within the city.
The Government have not ended boom and bust. It has created the biggest peacetime budget deficit in our history and has inflicted a ridiculous number of stealth taxes on the people of Britain.”