UK Recession looks likely
It seems the ever-increasing debt of the UK is now starting to bite back. After years of manufacturing decline and people borrowing above their means, black Wednesday will look like a boom time.
This government has relied on personal borrowing to sustain the economy, yet at the same time introducing damaging stealth taxes that have closed thousands of business and made people borrow more just to keep up with the ever increasing prices of fuel and energy; which are now so excessive that some older people are suffering. The government then allows hikes in council tax, not forgetting vehicle tax plus introduced a host of stealth taxes, some of which are being initiated from Europe which has had the adverse effect of yet more borrowing while house prices have been allowed to increase to such an extent that borrowing is being allowed up to five times the annual salary instead of the usual three.
This insanity and con trick has been done by none other than the “next” Prime Minister Gordon Brown.
It therefore comes as no surprise that, today, the news that the Bank of England is to up the interest rate yet again in February. This is going to make more “income borderline” people borrow or lose their homes, and the more they borrow the more likely interest rates will continue to rise.
It is madness that the incompetent government is allowing this destruction of Business and people’s homes, It is madness that when the unemployment starts to rise, it will need to find more money to pay benefits. It is madness that the first people to be sacked will be the hard working British while the cheap eastern European workers will be used to save money, and eventually the taxpayer (what’s left of them) will have to pay for benefits to the same EU migrants who eventually lose their jobs as businesses fold or moves abroad to escape the huge burden of fuel prices and energy, energy and green environment tax, and a whole mass of stealth taxes, interest rate hikes and business taxes.
Basically in a nutshell, this government is allowing our business and industries to become uncompetitive, whilst the emergent economies have no such red tape, restriction or massive financial penalties, they will swamp our market with mass produced goods that we just cannot compete with.
The Popular Alliance hope this is not the case, but we do foresee problems that may lead to a recession that will affect millions of people in the UK
Do the government care? not really, they have nice guaranteed pensions to look forward to, they have no idea how to tackle the problems facing this country, the only way Labour, Tory, LibDem will tackle an issue is to hit you in the pocket, tax and more tax.
The Popular Alliance would stop this insanity, we will remove VAT from fuel, we would sell publicly owned cheap clean energy to our manufacturing industries and small business, we would attract investment from abroad by offering business a competitive deal on energy and fuel, we will encourage the nation to vote for withdrawal from the EU and stop all EU imposed tax, We will limit immigration and migration and stop the excessive strain on our infrastructure and economy, we will ensure we have a workable welfare system whereby those who have contributed to the system get all the help they need and should they be unfortunate enough to have fallen on hard times through unemployment, or disability however we will also ensure we will reduce and stop those who abuse the welfare system.
Take time to read our policies (Welfare policy is in progress), if you agree with them, then come and join us