[DemolitionRed]

Originally Posted by MTVN

All things considered it is fairly solid, and compared to the rest of Europe we're in ok shape. Its not completely secure no but then it's hard to have any recovery that is that secure when we're as exposed as we are to world markets and the global economy, and that's just a fact of life now really.

Toy Soldier is bang on right with that comment of his you quoted.

What's really alarming is, people still believe we are in okay shape. We are not and its got nothing to do with our global financialization and all to do with upping the percentage on this ludicrous 'austerity project'.

Consumerism is now at an all time low, government spending is at an all time low and so is the GDP. This sort of radical austerity plan that’s been going on over the past three and a bit years, has reduced growth so much that its undercut government revenue and if you undercut government revenue, its impossible to shrink the deficit. http://europeansnapshot.com/2013/08/

Its disturbing that the UK’s performance is worse than France. This is what the Wall Street Journal had to say about them this time last year. http://www.wsj.com/articles/france-d...ess-1416254909

Between 2012 and 2013 the Conservatives suddenly appeared to see sense by considerably lowering their pull back on austerity. Our economy came out of stagnation and actually started to recover, things started looking up but when it came to Cameron's election campaign he promised his nation a further 2% cut in government spending and he lied to his nation by telling us all that 'austerity' was the ticket that had lifted our economy, when in fact it was the complete opposite.

Its not what Cameron and Osborne are doing to our economy that frightens me; its that people in general don't understand what they are doing or worse, they believe all this mess is for the greater good!. Whilst Joe public still blame the Labour party for the mess we now find ourselves in, (which makes zero sense) our present government are destroying the future of Britain, whilst reassuring us that its all going to plan.


https://www.oxfam.org/sites/www.oxfa...-120913-en.pdf

According to Oxfam
if these spending cuts continue 800,000 British children will live in poverty over the next decade.

Over 1.5 million working age adults will fall into extreme poverty.

and the bottom 10% of British earners will have seen their incomes fall 38% over this governments five year term.

What's sad is, the victims of this result will be many of the British people who presently believe Cameron and Osborne are harmless.