It’s not pretty out there. The UK is falling deeper and deeper into a double dip recession. Europe is teetering on the verge of break-up and no one knows what'll happen next. MoneyWeek says that Britain is about to be flattened by a tidal wave of debt. MoneyWeek says It doesn't matter if you vote Conservative, Liberal, Labour, UKIP – or for no party at all. The facts are the facts. The Coalition has spent the last two years desperately and very publicly trying to get our finances in order. We've had an “austerity” budget. We've had tax hikes. We've had “the cuts”. But for all that, our national debt is still growing at an incredible rate.
Despite David Cameron’s talk of “austerity”, he’s going to add an estimated £700 billion to the national debt in just five years. That’s more than Tony Blair and Gordon Brown added to the national debt in eleven years. It’s more than every British government of the past 100 years put together.
It's a long document, its not easy reading, its full of very very scary stuff. However its important to get a heads up. To be aware of what is happening around us now and to be aware of what could be about to happen in the future.
MoneyWeek The End Of Britain.
Later...
The thing that lets the whole thing down for me is that the article is nothing more than an advert for the magazine itself. Whether it's content will materialize or not, it would have been more credible as a stand alone article without it being linked to a sales pitch.
ReplyDeleteI take your point but - then it is also a document hosted on their website. So all the usual caveat rules of engagement applies. I don't normally make recommendations or host advertisements on the blog. I'm not doing so in this case. It's just that the content was so compelling.
DeleteMick