The Economic Divide
‘Two-thirds of British people think the economy is getting worse’ say Reuters, based on data from an ICM poll for yesterday’s News of the World. But are we really surprised?
If we believe that the Greek state is on the edge of collapse then we are not all that far behind. It is not a question of if, but when. It was only last week that Christopher Booker in his Sunday Telegraph column highlighted:
More than most people realise, we in Britain are approaching a financial abyss almost as great as that into which Greece has been falling. Last week, the deficit on our Government’s annual spending widened yet again, to £143 billion, which means that we are having to borrow nearly £3 billion a week. That equates to £5,700 a year for every household.
Far from riding into Westminster as our economic saviours, George and Dave have presided over yet further borrowing and spending at our expense. Government debt continues to climb as the Bank of England persists in its policy of ‘Quantitative Easing’ – or in other words, printing more money – and in contrast to the apoplectic fits the Unions are having over the not-the-cuts, the gulf between the stalled private economy and the parasitic public sector has widened.
