Tuesday, 25 May 2010

The First Cut is nowhere near the Deepest...

Today's Independent shows the sheer scale of debt faced by the new UK government left by their predecessors.

The six small squares in the bottom right corner indicates the inroads made by George Osborne and David Laws in their cuts yesterday.  

Savage?  Aye right... they haven't even started yet.

Looking at that image, I'm really not sure how Labour types can sleep at night.  The Labour party as a "moral crusade" for "social justice"?!  Just don't ask them to balance the books.


Doug Daniel 25 May 2010 at 16:49  

I'd be interested to know if that debt includes any PFI repayments. I suspect not, meaning the true debt is even higher.

Honestly, how can a supposedly responsible government run up such massive debts, despite a whole decade of "good times"? You save money for a rainy day, it's basic economic sense. Why can't governments see that?

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