Sunday, April 22, 2007

The future looks bleak

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 (493 views)
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One thought on “The future looks bleak

  • tony marshall says:

    “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…

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