Cameron’s Cuts Aren’t Tough Enough

Director general of the Institute of Economic Affairs, Mark Littlewood, says the spending cuts should have been deeper and managed differently to reduce debt.

If you closed down all the British armed forces, the entire police force and every single school in the country, we would still be running a deficit.

The government’s austerity measures are intended to get the deficit under control, not obliterate it, let alone start to pay back the national debt.

Year on year for the next five years, the government will be adding to its debt, albeit at a slower rate.

Read full article: http://www.growthbusiness.co.uk/channels/raising-finance/financial-management/1297728/camerons-cuts-arent-tough-enough.thtml

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1 Comment

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  Adrienne November 20, 2010 at 10:08 pm

  Helpful information and facts! I have been seeking for some thing similar to this for a while today. With thanks!

  Reply