Sunday, Apr 22, 2007
The future looks bleak
The Telegraph: Brown's mismanagement makes tax rises inevitable
The Ernst & Young Item Club accuses the Chancellor of "blithely borrowing" and making "over--optimistic" forecasts. It warns that Britain "is living beyond its means" and is "highly vulnerable to a reversal in financial market confidence".
I think The Item Club were quite positive last year. They seemed to have changed their tune.
Posted by sold 2 rent 1 @ 11:53 AM (157 views) Add Comment
1 Comment
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1. tony marshall said...
"The Treasury has insisted that public spending will now slow, putting the public finances back on track."
Oh, well that's alright then - so the public sector workers will settle for below inflation pay-rises and the cost of public sector pensions will decline due to - well, how about shorter life expectancy amongst public sector workers? No? Well how about if we say 'pretty please'? Somehow I don't think so...