Thursday, 11 December 2014
Tuesday, 25 November 2014
Friday, 31 October 2014
I would suggest that whoever chairs this enquiry should have all of the following key attributes
Friday, 24 October 2014
Since 2010, the present government has embarked on a “so-called” policy of austerity designed to eliminate the public sector deficit, reduce annual borrowing and stop the continually increasing mountain of public debt now around £1trillion. Originally the government aimed to eliminate the deficit and associated borrowing by the end of this parliament but this has not proved possible and, at the current time, it is unclear when the deficit might be eliminated. Thus the government is still borrowing billions of pounds each month which will have to be repaid ultimately by our children and grandchildren.
Until recently, at least the government could claim that its borrowing was being reduced even if not as quickly as would be desired. However, this week there came a sharp jolt. Government figures showed that government borrowing for September 2014 was £11.8 billion which was £1.6billion than for September 2013. This was much higher than expected and caused by a failure of limited economic growth to deliver higher tax receipts.
Saturday, 13 September 2014
Wednesday, 3 September 2014