Quote:
Originally Posted by jaysay
We are currently paying £44 billion each year in interest alone, which is more than we spend on defence, this can't go one. The IMF have gone on record saying the GB have the best plans in place to put Britain back on a sound financial footing, better than any other G20 countries, so sorry if I take what they say to be right as opposed to a chap who is clueless on economics.
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Yet other economists are saying it is too much too soon, with Scotland even wondering whether it can afford to be part of the Union anymore.
Cuts need to be made, I'm not disagreeing John, but too quickly and the country will be back on its arse. A sound financial footing for the country is not the same as having the people who live in that country being financially sound.
GB could be completely free of debt and considered to be financially OK but still have half of the poor souls that live here unemployed.