Darling set to spend, spend, spend way out recession
On the back of some positive press comment of late there is a feeling that Alistair Darling has lost his way a little and intends to spend, spend and spend even more to pull the UK out of the current economic slowdown. However, there will be a cost to this scorched earth strategy which would leave the next government with a massive financial headache.
It is rumoured that he intends to take money from future budgets now in a bid to give the economy yet another boost. But this will either result in higher taxes when the economy picks up or a reduction in spending on public services - the core element of the Labour governments bid for power. Either of these two options would be in direct contrast to the Labour manifesto and could cause serious issues with voters now and in the future.
Are we seeing a government ready to try the most desperate of strategies to get out of trouble or are we seeing the authorities playing Russian Roulette with the UK economy and the UK tax payer funds?
Whatever the reasoning behind this risky plan there will be casualties along the way!
Share this..
Related stories
When is a bargain not a bargain?
The simple answer is when you do not need it!
It is common knowledge that UK retailers, and retailers around the world, have a very clear understanding of what makes the general consumer tick and what they like to see. Encouraging people to buy goods and services which they do not really require is an art-form which the top retailers in the UK have taken off to a tee!
...
Vauxhall Motors future in the balance
It has today been revealed that GM Europe (General Motors Europe) has today agreed draft takeover proposals with two potential bidders. The bidders are the Canadian company Magna International and RHJ International which is an investment fund bidding to acquire GM's European division. So what will happen to Vauxhall?
The situation regarding Vauxhall, which employs 5000 people in the...
Car Insurance “11pc cheaper than a Year ago”
New research has suggested that motorists are experiencing car insurance renewal prices that are 11pc lower than this time last year, as the insurance industry succumbs to increased competition between insurers. Many companies throughout 2012 have adopted the strategy of offering new customers reduced rates in the hope to secure their money, while hiking the renewal prices of their current custome...
Read MoreWhy is the UK government obsessed with green policies?
The last few years has seen the UK government increase the number of green policies introduced to the UK voting public which has in turn led to significant increases in personal and business taxation. Many people have for many years accused the government of using the "green" revolution to increase taxes across the board with little or no accountability as to where these "green incomes" are being...
Read MoreAre regulators powerless to control UK mortgage providers?
The Daily Mail investigation which alleges that the average UK mortgage is now £1800 a year more expensive than it should be, due to the fact that UK banks have yet to pass on significant cost savings, has put the UK regulators back in the spotlight. While the UK government, and indirectly the UK taxpayer, continue to invest millions and millions of pounds into the regulatory regime governing the...
Read More