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Peter Mandelson advises UK and US consumers to hold steady

Peter Mandelson has today stepped into the limelight to suggest that UK and US consumers should hold a "steady nerve" as their relevant economies continue to struggle. However, when you bear in mind the inflation protected incomes and expenses of the modern-day UK politician, more and more of the UK population are growing tired of being told what to do.

Just a few months ago, with the multibillion pound investment into the UK financial sector, we were told that recovery was only around the corner. Just a matter of weeks ago one MP suggested that there were signs of recovery in the property sector and another could see the "green shoots of recovery" which nobody could see. Many people believe that UK politicians are literally living in a different world with their final salary pension schemes, expense packages and substantial incomes which have all been made public knowledge over the last few years.

UK and US consumers are desperate for any sign of life in their economies but the regular UK and US consumer will pay the price in the end with a massive increase in taxes expected in the short to medium term. When will the investment and the spending stop? When will we see recovery in the US and UK economy? And when will we hear politicians admit the truth?

Over and over again we hear the same comments and suggestions when in reality nobody knows when the UK and US economies will hit rock bottom and nobody knows when recovery will kick in.

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