How has the UK government got it so wrong?
Over the last few days we have covered a number of reports suggesting that UK national debt is set to spiral out of control. Many people are now asking how on earth the UK government has managed to lose their grip on the UK economy after a period where economic growth was very much taken for granted. This was also a period during which Gordon Brown managed to obtain a great reputation for economic prowess and control of the UK economy. So how has it all gone so wrong?
Those who suggest the UK government are wholly to blame for the current situation are probably well wide of the mark. If anything, the ongoing worldwide economic crisis has highlighted a number of potential weaknesses in Gordon Brown's previous economic programs. As has been suggested on a number of occasions, Gordon Brown should have made more savings when the economy was booming but nobody in the world expected the current situation to develop so rapidly.
Mistakes have been made by the UK government, mistakes have been made by Gordon Brown but without the onslaught of the economic downturn around the world the situation in the UK would never have been as depressing as it is today.
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