Timing of Austerity Measures
Readers Comment on UK National Debt – What we are doing now is not dissimilar to Roy Jenkins’ cuts in the late 60?s he brought us out of an £800m deficit into a £387m surplus, toughen up and let the economy settle.
There are several examples of where governments have been able to transform public finances through well-timed spending cuts and tax increases. However, just because something worked in the 1960s or 1980s, it doesn’t mean it is the best solution for the UK economy in the present climate.
In the 1960s, we didn’t have:
- Unemployment of over 2.5 million
About tejvan
View all posts by tejvan ? ? Solutions to EU Crisis
Similar Posts:
- Prospects for Recovery in the UK economy?
- Global Tariff Rates by Country
- Tackle Your Chicago Debt Ceiling Without an Act of Congress
- Understanding the Economics Crisis
- Housing Value Declines Causing Drop in Credit Scores
