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Cuts By Merkel, Cameron Win Investor Plaudits

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http://www.bloomberg.com/news/2010-11-11/merkel-cameron-win-investor-plaudits-for-budget-cutting-in-bloomberg-poll.html

Cuts by Merkel, Cameron Win Investor Plaudits in Bloomberg Poll
By Catherine "Kat" Dodge - Nov 11, 2010 5:00 AM GMT
Merkel, 56, is viewed favorably by 68 percent of respondents in the latest Bloomberg Global Poll, top among a dozen world political and economic leaders cited in the survey. Cameron, 44, is second with a 65 percent worldwide favorability rating in the quarterly poll of 1,030 investors and analysts who are Bloomberg subscribers.
The leader of Britain’s Conservative Party scored even better in Europe
, where more than three-fourths of those questioned view him favorably. Cameron, whose government raised the sales tax and imposed a levy on banks, last month proposed the U.K.’s biggest budget cuts since World War II, with a goal of eliminating 490,000 jobs and wiping out a record 156 billion-pound budget deficit ($251 billion) by 2015.

Dave will be the greatest PM in our history if he manages to keep the UK firing on all cylinders without any fallout from the Brown years and our 10TR debt. So far so good as the housing market is still strong (less a bit of froth), jobs are still being created, the balance of trade is improving, stocks are rising and manufacturing is gathering pace---oh and people are still spending. Have we ever been as well off?

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Dave will be the greatest PM in our history if he manages to keep the UK firing on all cylinders without any fallout from the Brown years and our 10TR debt. So far so good as the housing market is still strong (less a bit of froth), jobs are still being created, the balance of trade is improving, stocks are rising and manufacturing is gathering pace---oh and people are still spending. Have we ever been as well off?

All sounds rosy. When do I get my crate of Champagne in the mail to celebrate our great new leader? :blink:

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http://www.bloomberg.com/news/2010-11-11/merkel-cameron-win-investor-plaudits-for-budget-cutting-in-bloomberg-poll.html

Cuts by Merkel, Cameron Win Investor Plaudits in Bloomberg Poll
By Catherine "Kat" Dodge - Nov 11, 2010 5:00 AM GMT
Merkel, 56, is viewed favorably by 68 percent of respondents in the latest Bloomberg Global Poll, top among a dozen world political and economic leaders cited in the survey. Cameron, 44, is second with a 65 percent worldwide favorability rating in the quarterly poll of 1,030 investors and analysts who are Bloomberg subscribers.
The leader of Britain’s Conservative Party scored even better in Europe
, where more than three-fourths of those questioned view him favorably. Cameron, whose government raised the sales tax and imposed a levy on banks, last month proposed the U.K.’s biggest budget cuts since World War II, with a goal of eliminating 490,000 jobs and wiping out a record 156 billion-pound budget deficit ($251 billion) by 2015.

Dave will be the greatest PM in our history if he manages to keep the UK firing on all cylinders without any fallout from the Brown years and our 10TR debt. So far so good as the housing market is still strong (less a bit of froth), jobs are still being created, the balance of trade is improving, stocks are rising and manufacturing is gathering pace---oh and people are still spending. Have we ever been as well off?

While I absolutely support the approach of erradicating the structural deficit sooner rather than later and applaud Cameron for his bravery.... let's also remember that it's by no means certain that it will succeed or when it will succeed.

One thing is for certain is that labour for years and years failed to make any choices ( when asked an expenditure question they always said yes), and they failed to make the tough decisions. Instead what they did was spend spend spend in an effort to stay in power. From Blair to Brown and all points in between the Labour party was driven solely by a desire to stay in power and felt the best way of doing that was to bribe the electorate...... it worked, people allowed it to work becasue they were too dumb to see the truth....... I don't know if Cameron will be a success or not but one things for sure he hasn't shirked the tough decisions to satisfy a thrist for personal power like Blair and Brown and their cronies did year after year after year.

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  • 261 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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