bogbrush Posted September 6, 2009 Share Posted September 6, 2009 http://news.bbc.co.uk/1/hi/uk_politics/8240461.stm The headline to this article appears to imply a government plan to cut the deficit from the c£700bn we have now to about £350bn. That's what "The government has said it aims to halve the UK's spending deficit over the next four years." means to me. What I suspect it really means is that the government plan is to slow down the rate at which deficit grows, so that it takes a little longer to disappear into a black hole of debt. This is certainly obscured by the comment; He said economic stimulus measures would continue next year but the focus would switch to paying off the debt. That statement does sound very clearly to me like a plan for a Public Sector Debt Repayment. So which is it? Is there truly a PSDR plan? Does someone have a plan to run the state at a greater surplus than anyone has ever thought imaginable for, just when the thing is plainly bust? I doubt it very much, in which case why is the line being put out to sound like that when in fact it is more likely an aspiration to have a rate of debt growth bigger than at any time in our history, apart from the last 12 months? Doesn't sound quite so aspirational put like that. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted September 6, 2009 Share Posted September 6, 2009 The deficit recovery Quote Link to comment Share on other sites More sharing options...
wren Posted September 6, 2009 Share Posted September 6, 2009 It's talking about halving the rate of increase of the debt. No way the whole public debt will be halved in 4 years, especially under Liebour. Quote Link to comment Share on other sites More sharing options...
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