More lessons from the school of NuLabour
21 September 2008, 10:48 PM
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More lessons from the school of NuLabour
Taxes to rise and borrowing to increase further 
Financial crisis: Alistair Darling may have to borrow £90 billion and raise taxes, say experts - Telegraph
"Economists calculate that income tax would have to rise by the equivalent of five pence in the pound to cover the extra borrowing."
"Britain already has the largest budget deficit of any developed country and the predicted increase in borrowing is likely to lead to a fall in the value of the pound."
If you thought we were screwed now - just wait until next year. The article ends with the totally unfvcking-believable quote from Brown...
"It is right to borrow at the moment. Those people who say we should be cutting public expenditure and cutting investment at the moment are wrong.... In these unique circumstances, it is right to borrow and raise public expenditure."
The absolute cvnt
Financial crisis: Alistair Darling may have to borrow £90 billion and raise taxes, say experts - Telegraph
"Economists calculate that income tax would have to rise by the equivalent of five pence in the pound to cover the extra borrowing."
"Britain already has the largest budget deficit of any developed country and the predicted increase in borrowing is likely to lead to a fall in the value of the pound."
If you thought we were screwed now - just wait until next year. The article ends with the totally unfvcking-believable quote from Brown...
"It is right to borrow at the moment. Those people who say we should be cutting public expenditure and cutting investment at the moment are wrong.... In these unique circumstances, it is right to borrow and raise public expenditure."
The absolute cvnt
21 September 2008, 11:46 PM
#2
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It would have been more right, Mr Darling, to not p!ss our hard earned away over the last ten years without putting anything in the coffers to cover the inevitable crash that resulted from building the economy on debt
BTW, sort of off topic, why is it whenever we hear of another IT related screw-up in some government department, it always comes back to being caused by the American company the govt subbed the job out too
Why do Labour governments always seem to feel the need to hand our money over to the Yanks, with seemingly no guarantees that what we're paying for will get done correctly, if at all
BTW, sort of off topic, why is it whenever we hear of another IT related screw-up in some government department, it always comes back to being caused by the American company the govt subbed the job out too
Why do Labour governments always seem to feel the need to hand our money over to the Yanks, with seemingly no guarantees that what we're paying for will get done correctly, if at all
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