Quote:
Originally Posted by MTVN
It's not disturbing at all. It's well known now that France has got its act together since the difficult times you refer to there and that their economy has improved significantly in the last year.
Judge our country against most indicators of a solid economy and across the board we're in ok shape: employment is up, growth continues even if it slowed in the last quarter, the pound is strong, inflation is not a concern, business investment is increasing, and earnings and household spending have been slowly picking up as well. I'm hardly claiming the Tories have performed miracles but overall it's not bad. Barring another global shock - which is of course possible - we are very unlikely to be in serious trouble anytime soon. Sorry if that makes me just another ignorant member of Joe Public but it is possible that other people have also read widely and come to different conclusions to you.
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Yes France is up now but we are in the same if not worse position since that article was written.
Down in the last quarter? what does that tell us? This re-pull on austerity is once again causing a downward trend and the longer it goes on, the worse it gets.
I don't believe the Tories will continue doing what they are doing because they know the long term damage it will cause, but they also use this stance on austerity as one of their big advertising slogans so just like they didn't tell us back in 2012-13 they will keep it under their belt again.
Edited to say, We are being played with. The government are relying on our ignorance.