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Previously on "Fitch gives a thumbs down for Osborne"
I say we follow the Spanish model and introduce an inquisition...
NOBODY expects the Spanish Inquisition! Amongst our weaponry are such diverse elements as: fear, surprise, ruthless efficiency, an almost fanatical devotion to the Pope, and nice red uniforms - Oh damn! I can't say it - you'll have to say it.
They were discussing the german cuts on German TV, still peanuts, and they're bigger than the UK cuts.
The only way out is through hefty cuts a la Ireland/Spain/Portugal etc etc, a spot of growth wouldn't go amiss. The really big problem is the looming retirement from the baby boomers, not just the UK but everywhere. This could be phase 3 of the financial crisis.
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