Wednesday, 22 April 2009

Budget Blues

It does not matter whether you are rich or poor, black or white, Christian or Muslim, Tory or Labour ...sadly it is patently clear we are heading for the deepest recession since the 1930's. The level of government borrowing needs to be seen to be believed. I know I am not the only one who believes we cannot spend our way out of recession but the government seems fixated on spending at all costs. At some stage we will have to pay for this - and the problem will be our children's and our grandchildrens.
How we got here matters less, right now, than how we proceed. The growth forecasts are fanciful [compare the government to the CBI] and future borrowing is extreme.
Long difficult days lie ahead