Friday, December 11, 2009

Promises Promises

"Our promise was to reduce the costs of failure – the bills for unemployment and debt interest – in order to reallocate money to the key public services." Gordon Brown 2000
In 2000, we had the 7th lowest public spending among the 30 OECD countries at 36.6 percent of GDP. In 2010, we will have the 6th highest at 54.1 percent of GDP.
In 2000, we were the 16th most indebted country in the OECD. In 2010, we will be the 8th most indebted country.
In 2000, we had the 7th lowest deficit in the OECD (in fact, we had a surplus). Next year, the UK will have a 14 percent deficit (10.4 percent of which is structural. That’s the most unbalanced budget of any OECD country.
Adam Smith Institute
With unemployment at 2,500,000 and rising , I think we might ask Gordon if he would be a sweety and not promise anything else

1 comment:

El-Kevo said...

We're fucked. I don't even know why the Conservatives want to win the next election. Oh - forgot. They're part of the same political elite.

We're going down anyway. Better let Nu Lab win and choke on the poison chalice they've made for Cameron. Good for a few reasons:

- people can't blame the Tories when cuts are made

- it will be indisputable who dunnit (Thatcher still gets blamed for Labour cock ups)

- real change will be forced upon us. Through the will of the people who will have been forced off of their couches.

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