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Britain's economy is a statistical horror show
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by liamssoft | January 26, 2012 at 01:59 am
213 views | 9 Recommendations | 4 comments
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Millionaire Chancellor George Osborne hour-long speech was nothing short of a statistical horror show, as he tightened his grip on Britain's economic throat and laughed off the nation's descent into a double-dip recession.
The Bullingdon Club member, whose first job was entering dead people's names into an NHS computer, insisted he'll stick by austerity measures choking commercial growth, killing off small business and promoting economic inequality In The UK.
As a 0.2 per cent fall in GDP was revealed, Mr Osborne bleated: "Britain has substantial debts. If we don't deal with those debts, our problems will be worse."
Behind Mr Osborne's brass front, Britain braced itself for a return to recession - although some economists insisted that we hadn't left the last one.
The drop in GDP between October and December, estimated by the Office for National Statistics, is almost certainly going to be followed by a further fall in the current quarter.
Co-conspirator Prime Minister David Cameron wept crocodile tears, telling MPs he was "disappointed" by the figures.
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liamssoft
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Most RecentMost Recommended Comments (4)
at 03:33 on January 29th, 2012
Gosh, this story is so balanced...where can one begin?
George Osborne, like so many politicians in Britain, Italy, France, Germany, the US, is wealthy, but I fail to understand the relevance to this story.
The fact of the matter is that the last Labour (supposed to be left wing, but these days saturated instead with champagne socialists and the politically-correct) government, continued spending with little or no reference or warning to impending economic collapse. A note was famously left in the office of the exchequer, which read simply 'there's no money left'.
Incidentally, George Osborne actually does not descend from goats. In fact extensive research into his family tree reveals that he comes from a long line of humans, so one wonders where he learned to 'bleat'?
Whilst the author of this 'story' appears attached to animal analogies, his description of David Cameron's 'crocodile tears' is completely irrational. Why would Cameron, the British Prime Minister, be anything but unhappy to be left with a fiscal mess to sort out, and have to cope with the debacle which is the European experiment? And how can he be accused of being a 'co-conspirator' with Osborne, as though they have conspired to ruin the country they rescued from Labour? Like the rest of this 'story' it makes little sense.
My suggestion is that if the author must be so utterly biased, at least attempt to place a fact or two into the mix!
at 12:48 on January 31st, 2012
Thank you. It is very frustrating working hard for long hours only to have someone who lives so comfortably knock you back down to square one. I’ve thought about these austerity changes in great detail and can’t see any winners. If so many people’s lives are up-ended in this manner the government will end up paying out more than they save in the long run!
at 08:49 on February 16th, 2012
The chancellor should be some one who has run a billion pound company. And not a politician who would struggle to run a bath.
at 13:36 on January 29th, 2012
Britain's 4.8 trillion national debt and-counting