Monday, January 25, 2010

Be careful who you vote for…

Pound Seen as Diminished No Matter Who Wins Election

"No matter who prevails in this year’s election between U.K. Prime Minister Gordon Brown and opposition leader David Cameron, the loser will be the pound because the next government may not have enough support in parliament to rein in the Group of 20’s biggest budget deficit." Death by hung parliament - lets hope not.

Posted by mrflibble @ 06:17 PM (1433 views)
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5 thoughts on “Be careful who you vote for…

  • I notice that Cameron has highlighted the problem with our national debt today:

    http://www.telegraph.co.uk/news/newstopics/politics/david-cameron/7070403/David-Cameron-accuses-Gordon-Brown-of-moral-cowardice-over-spending.html

    “Britain is borrowing more than Greece so if we follow Greece and have our credit rating downgraded, the interest bill on a £150,000 mortgage could go up by more than £200 a month, the cost of credit for businesses would go up, more jobs would be lost and we would be paying billions more in taxes each year just to service our debt.”

    Cameron knows he’s likely to inherit a mess and is anxious to paint the target for higher IRs on Brown. Not sure if the sheeple will buy it though.

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  • Michael1william says:

    This country is probably in need of more consensual government. We’ve had enough “strong” so called majority governments. I think maybe some of our politicians are too immature and selfish to want any consensus. And too corrupt. Italy and Belgium were always highlighted as being heavily indebted. But am I not right in believing they have much lower private debt e.g mortgage debt. We not only have very high private debt, but increasingly high public debt. An unpleasant double whammy. What a mess we’ve been led into.

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  • Cameron knows he’s likely to inherit a mess and is anxious to paint the target for higher IRs on Brown. Not sure if the sheeple will buy it though.

    Sadly, I think the sheeple would rather vote for someone who promised more good times.

    Hung-parliment anyone?

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  • UKIP is the protest vote for me.

    My worries go beyond just our future finances.

    There are much bigger issues that face our country’s future, that go way beyond the futile choice of three parties.

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  • tyrellcorporation says:

    Amazing how Brown just refuses to mention the inevitable cuts but gets Darling and Mandy to rumble on about them though soundbites and spin from the sidelines. He really is a spineless Grima Wormtongue. I can seriously see Cameron walking into the trap set by Labour though. He’ll talk tough on getting the deficit sorted out through cutbacks and Brown will just lie to the nation about maintaining spending and get voted back in – only to carry out said cutbacks after he’s elected.

    Psychopath IMO.

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