Saturday, Jan 23, 2010
Interest rate forecast
The Market Oracle: UK Public Spending Deficit Debt that Risks Bankrupting Britain
''if the government continues to run an annual budget deficit anywhere near 8% of GDP in 2 years time i.e. early 2012, then by then we could be looking at UK interest rates at ABOVE 5% by then.''
Posted by hpwatcher @ 04:35 PM (1293 views) Add Comment
5 Comments
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1. devo said...
from the article
It means that both Gordon Brown and David Cameron when they say they are going to ring fence and grow the NHS and Education, are LIEING (sic), because it is impossible to even contemplate anywhere near a £60 billion cut in public spending without INCLUDING these departments.
2. titaniccaptain said...
It is perfectly feasible to cut the NHS budget by half yet maintain front line services. Consider that only 60% of the NHS Budget only reaches front line services and the other 40% goes on regional and local health authorities and hospital administrators and managers. The NHS should be run like the private system where your Health insurance receives the Bill for your care pound for pound.
If 100% of the NHS budget reached the front line then you would have an NHS to be proud of.
But it doesn't.
3. tenyearstogetmymoneyback said...
I've got a good idea. Lets sell off our food manufacturers. Someone miust want to buy the Chocolate makers etc.
Whoops. I think that one has already been thought of.
Seriously I wonder if we DO have enough assets (Vodafone etc) to pay off our debts.
4. tenyearstogetmymoneyback said...
Whoops. Was intended for the previous thread.
Sorry Guys.
5. fallingbuzzard said...
"the NHS is readying itself for some serious money-saving exercise. There is about £10-15 bil spending gap now so whoever says things are getting better is naive!". A message i received from someone working for the government ministers in that department.