Guardian: Reports that after the PM David Cameron makes a statement on the UK riots, the Chancellor of the Exchequer George Osborne will discuss the economic crisis. In some respects this is a pointless statement by Osborne, the UK is not in the Euro, thus the debt mountains of Italy and Spain does not directly affect the UK, of course our banks have Spanish and Italian debts thus if they go down they take the EU with them, also the downgrade of the US credit rating is not something the UK can effect, also lets recall the UK still has its AAA rating from S&P. The UK growth figures are expected to be downgraded by the Bank of England, well folks the crisis left behind by Gordon Brown was not going to be solved in a year, also the austerity package of the Coalition Government is going to take time, its going to be tough out there folks, hard and tough for people. Its not quite the 1930s folks, but in its own way its that bad, people just have to get used to that simple fact.
No comments:
Post a Comment