Tuesday, Jun 30, 2009
Houses Up!!! UK Down!!! Brown Economics
Telegraph: OECD tells Government to cut spending or face hardship for years to come
The Organisation for Economic Co-operation and Development has waded into the pre-election war of words over the public finances, urging the Government to impose swingeing spending cuts.
Posted by waitingfor hpc @ 11:29 AM (438 views) Add Comment
3 Comments
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1. mr g said...
It's noticeable how public sector pensions have come into the spotlight recently and not before time.
This shambolic government won't do anything to upset it's clientele but the next government will have to, which rather makes me want a labour victory at the general election.
The resulting sh*t storm and fall out will destroy labour's election chances for a generation.
2. Europeanbear said...
Perhaps Brown is not so stupid. He knows the the next election is lost. But by pumping the economy with as much money as he can borrow, he might just engineer a bit of an economic bounce by the spring. This will mean that the Tories will still win, but not by the landslide expected at the moment but by a majority of somewhere between slim and comfortable. This means that many Labour MPs will be saved (hence why they did not sack Brown a couple of weeks ago). It will also leave a dreadful legacy for the Tories to mop up with massive tax increases and spending cuts to solve the budgetary crisis. This will rapidly make the Tories unpopular paving the way for Labour to return to power in 2014/2015.....
3. Philip9134 said...
Europeanbear the idea of slash and burn to save the party, has been on my mind for some time. I feel that the best result would be for the Labour party to fight out for 3rd place with the Liberals for the next twenty years.