Tuesday, May 25, 2010

Overload...

The Independent's front page demonstrates nicely the size of the problem facing the UK. In fact they underestimate a bit as the debt 'all-in' is estimated between one and three trillion. The cuts announced yesterday are the little bit shaded red in the corner. "A savage start? Maybe, but this is just the very beginning." Click to enlarge. As Hamish McRae of The Independent puts it, rather well:


"In a way, the cuts we have just heard about are the easy bit of the story. The tough choices are ahead."





Hat-tip Conservative Home.



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Posted by Span Ows at 10:09 am

2 comments:

Paul said...

Remember that phrase from the cold war "the bomb and how I learned to live with it," I think that's how we have to approach the debt. Debt is good, debt is borrowing now and never having to pay off - unless of course everybody decides to retire and cash in their Government bonds in which case we really are stuffed.

And didn't I say a while back on here that it would only hit home when cuts started being made.

Tue May 25, 05:39:00 pm BST
Span Ows said...

And yet STILL there are intelligent "sounding" people moaning about 'just' the deficit. I know without the deficit the debt is easier to handle but it does't make it go away. Interestingly none of the Labour leader candidates have even whispered the words debt, deficit etc...

Thu May 27, 09:24:00 pm BST

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