UK v eurozone debt

[centurian]

As a householder, a 250K mortgage is OK while you are paying it down. Hence UK's Plan A to get to that position.

Except that isn't Plan A - we are not paying it down at all. We are merely slowing the rate at which the debt will increase - to the point that 4-5 years from now, it will cease to get any worse - and that's if Plan A works.

We have no plan for actually paying the debt down.

That - is why we're all tulipped

[Doggy Styles]

Except that isn't Plan A - we are not paying it down at all. We are merely slowing the rate at which the debt will increase - to the point that 4-5 years from now, it will cease to get any worse - and that's if Plan A works.

We have no plan for actually paying the debt down.

That - is why we're all tulipped

I think you've had a reality bypass. Plan A is to turn the deficit into a surplus over a period of time. There's no other way. What did you expect us to do - go and rob the bank of China and pay it off tomorrow?

It's the direction we're going in that matters. The markets tell you that. And the UK's ability to put such a policy into practice really pisses off Sarkhozy, Merkel and the rest stuck in the eurozone.

[BlasterBates]

hmm

Osborne to miss deficit target as UK economy stalls and unemployment rises | Business | The Guardian

[Doggy Styles]

hmm

Osborne to miss deficit target as UK economy stalls and unemployment rises | Business | The Guardian

Yes the eurozone crisis is hitting everyone outside it too.

If you are going to cherry-pick short-term data, why didn't you pick this? Surprise rise in retail sales

I don't set too much store by either of them.

[OwlHoot]

.. We are merely slowing the rate at which the debt will increase - to the point that 4-5 years from now, it will cease to get any worse - and that's if Plan A works. ..

which it won't, because growth forecasts are in the best tradition of Hans Andersen