Qualified advisers answering your
Financial Questions
call 0800 092 1245

Why the government spending spree is all wrong!

As we have heard for some time now, the government intends to spend big to get us out of the current economic slowdown but in the eyes of many this is totally wrong. Using the scenario which the government is in, with income falling and expenses going up, how does that translate to the traditional tax payer?

Can you imagine if you increased your spending to try and do your bit for the economy? Who would jump in to bail you out? Who would be there to help?

The fact is that when in a hole you really need to stop digging and take stock of what is actually happening. The government seems very much on the road to a scorched earth policy where they literally want to spend as much as possible to try and refloat the UK economy. If this backfires, as it still could even though it looks unlikely, the problem is that the poor old tax payer will always be there to take the strain, to cover the massive debts.

Whatever the government say and do, this policy of spend, spend, spend is very risky as we have now gone past the point of investing into the economy and we are now just pouring good money after bad. For a Chancellor who prided himself on good bookkeeping it has all gone wrong for Gordon Brown and while he is fighting back, it could still be too little too late.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details