ferring seagull
Well-known member
- Dec 30, 2010
- 4,607
Hang on now !
National Debt is something that we shouldn't necessarily be proud of but ,
Like many other countries in the upper echalon, we need to keep 'our's' within reasonable limits.
The debt which the UK was left following the last election was not clever given the the policies of the prevous administration and their spend (to the last day proudly stating ' there is nothing left in the coffers because we have spent it all') .
The Co-alition, whatever anyone may say, has done ( to the best of it's ability) tried and successfully managed the situation given the universal situation ( Economic Meltdown ) with the need to bail out banks etc. ( which either administration would have been required to do ). This has had a profound effect on the situation.
Anyone with even half a brain must realise that money doesn't just grow on trees and that 'printing' more money just adds to the the National Debt by creating devaluation of the pound (which TBF has been substantially avoided)
So whatever policies are promoted by either of the two parties most likely to form a government after the coming General Election, just remember that we have had to reign in expenditure to keep the UK's finances in a stable position. That of course has come at a price because National Government has required local government to shrink their budgets which has had an effect on just about everything BUT the UK economy is doing well ( would you rather be living in Greece ) and with economic growth we will EARN improvements in the NHS, Social Services, and Education etc.
Never forget this has been a GLOBAL scenario !
National Debt is something that we shouldn't necessarily be proud of but ,
Like many other countries in the upper echalon, we need to keep 'our's' within reasonable limits.
The debt which the UK was left following the last election was not clever given the the policies of the prevous administration and their spend (to the last day proudly stating ' there is nothing left in the coffers because we have spent it all') .
The Co-alition, whatever anyone may say, has done ( to the best of it's ability) tried and successfully managed the situation given the universal situation ( Economic Meltdown ) with the need to bail out banks etc. ( which either administration would have been required to do ). This has had a profound effect on the situation.
Anyone with even half a brain must realise that money doesn't just grow on trees and that 'printing' more money just adds to the the National Debt by creating devaluation of the pound (which TBF has been substantially avoided)
So whatever policies are promoted by either of the two parties most likely to form a government after the coming General Election, just remember that we have had to reign in expenditure to keep the UK's finances in a stable position. That of course has come at a price because National Government has required local government to shrink their budgets which has had an effect on just about everything BUT the UK economy is doing well ( would you rather be living in Greece ) and with economic growth we will EARN improvements in the NHS, Social Services, and Education etc.
Never forget this has been a GLOBAL scenario !
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