when the glorious 5 year term of fairness and freedom is up we will probably have a national debt of about £1.4trn and the interest will be £70bn a year.
don't worry though, big society will save us.
hmm, strokes chin, oh dear
edit: after stroking chin
the deficit is 160bn, it is to be cut by 40bn so 120bn add 30bn more interest, back to 150bn
add extra welfare bill due to unemployment and house repossessions back to 160bn, remove tax take from private enterprise depending on state plus knock on of public sector job losses, 180bn, so 5 years down the road we are no better off.
still hopefully I am completely wrong and real economic growth will occur.
If a sensible sounding labour leader gets elected and sticks to a plausible yet optimistic message, they will walk it.
don't worry though, big society will save us.
hmm, strokes chin, oh dear
edit: after stroking chin
the deficit is 160bn, it is to be cut by 40bn so 120bn add 30bn more interest, back to 150bn
add extra welfare bill due to unemployment and house repossessions back to 160bn, remove tax take from private enterprise depending on state plus knock on of public sector job losses, 180bn, so 5 years down the road we are no better off.
still hopefully I am completely wrong and real economic growth will occur.
If a sensible sounding labour leader gets elected and sticks to a plausible yet optimistic message, they will walk it.
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