Osborne: UK has run out of money

[DimPrawn]

AtW, how much do you spend on replacement CTRL, C and V keys each month?

[shaunbhoy]

In a stark warning ahead of next month’s Budget, the Chancellor said there was little the Coalition could do to stimulate the economy. (AtW's comment: if you can't do anything then f-off and let somebody more creative do the job!)

It was a "creative" Chancellor that got us into this mess. He "created" a mountain of debt largely through misguided social experimentation.
Be careful what you wish for.

[BrilloPad]

So Osborne joins the ranks of those who've discovered that you can't print your way out of trouble, and now we've got bigger debts than when Labour left office.

I don't think he has realized atall yet. Give him another 2 years and he will find out. 2014 he will have a give away budget to try to be reelected - but people will just use it to pay off their debts.

I will correct you. The situation always happens when labour are in power. Its the price we pay in indulging with our so called "Social conscience"

I am not convinced John Major was any better. And certainly if Labour had beeen reelected they would be following very similar policies to DC now.

[bobspud]

I don't think he has realized atall yet. Give him another 2 years and he will find out. 2014 he will have a give away budget to try to be reelected - but people will just use it to pay off their debts.



I am not convinced John Major was any better. And certainly if Labour had beeen reelected they would be following very similar policies to DC now.

No they would not. That tulipeface Ed Balls has done nothing except talk about increasing spending, cutting vat and doing just about everything that they did to get us here in the first place.

I'm telling you that man needs to be staked into the ground and mauled to death by rabid squirrels.

We keep on about taking back the banks bonuses. However in the spirit of "we're in this together" I would like to put forward the idea of sending the Blairs and Browns into bankruptcy and retrieving all that cash they have taken while the rest of the UK plummeted into this mess...

[DodgyAgent]

I don't think he has realized atall yet. Give him another 2 years and he will find out. 2014 he will have a give away budget to try to be reelected - but people will just use it to pay off their debts.



I am not convinced John Major was any better. And certainly if Labour had beeen reelected they would be following very similar policies to DC now.

John major would not have plunged this country into debt by not saving whilst the going was good. He left the UK economy in very good shape for labour (as usual) to screw it up.

[TimberWolf]

Indeed.

A most underestimated chap.

Went up in my opinion when it was discovered that he'd been banging Eggwina.

Eggwina screwed Majors and Maggie screwed miners.

[Gonzo]

And certainly if Labour had beeen reelected they would be following very similar policies to DC now.

No they would not. That tulipeface Ed Balls has done nothing except talk about increasing spending, cutting vat and doing just about everything that they did to get us here in the first place

If Labour had been re-elected then Gordon Brown would still be Prime Minister.

How much would you like that?

[scooterscot]

Look stupid - if they don't change anything then nothing will change, ok?

With so much going on about the 'euro crises' you'd think you'd pay more attention as to why. Everyone blames currency, when it's not the problem.

Greece, like Britain, and every other heavily indebted nation has little room for manoeuvre. That's why change shall not be forthcoming. If we offer tax cuts to companies the rating agencies will be pi$$ing on us, government screwed with high interest rate on debt. What PM would want to pursue that path?

I say the UK should default now and get the pain over with, after which the only way is up and I can buy some apartments in Londonog with my big euros.

[sasguru]

With so much going on about the 'euro crises' you'd think you'd pay more attention as to why. Everyone blames currency, when it's not the problem.
.

So you don't think the inappropriately low interest rates that the PIIGS enjoyed for 10 years, due to monetary and fiscal policy within the Euro zone being set for the benefit of Germany, contributed to a credit -fuelled consumer boom that has led, in major part, to to the current crisis? And that the said policy benefited Germany in two ways: keeping the Euro artifically low to boost exports while creating easy markets in the Euro Periphery?

With your poor powers of analysis, I'm surprised you can make a living. The only explanation I can come up with, since you're clearly no rocket scientist, is that you can't be doing very challenging work..

[BrilloPad]

So you don't think the inappropriately low interest rates that the PIIGS enjoyed for 10 years, due to monetary and fiscal policy within the Euro zone being set for the benefit of Germany, contributed to a credit -fuelled consumer boom that has led, in major part, to to the current crisis?

It has certainly contributed to bringing matters to a head quickly. But the underlying root cause is 30% difference in productivity between North and South.