So Who Thinks That The UK Is On The Road To Ruin
 

The UK goverment is due to announce thier emergency budget later today and it is going to hurt every one that is living in the UK.

"Britain is "on the road to ruin" unless action is taken in the Budget on Tuesday to cut the deficit, Chancellor George Osborne has told the BBC."

I am thinking this is going to cause stikes in the public sector, cause more crime as people find it harder to make ends meet and also job cuts

Who else thinks that Britian will go the same way as Greece ?

More reading here http://news.bbc.co.uk/1/hi/politics/10359045.stm

Most of the whole world is on its way to ruin except China and a few others. too much stupidness going on, too much greed, war and general government irresponsibility will lead to ruin. I just dont know what to think anymore. :(

Im sure it will right itself with time and whether our politicians learn anything from it is any ones guess

I don't think that UK is on the road to ruin.
The economy of Greece is decreasing.

For Fucks Sake !
 

Dont Believe the Hype ! It's bad enough when Americans and Canadians post about England... but now someone in the UK !

I will pay you air fare to move... Spain ? France ? Where you want to go ?

No the UK is fine... thanks :thumbsup I can think of plenty of places far worse off...

I just know it, but it won't happen soon, probably 10-20 years before the real crisis.

20% tax increase should do the trick

Greece is fucked because they cooked the books bigtime to join the Euro, then borrowed big on the back of a stable currency which they'd never had before. Everyone fiddles their taxes and most people work for the state, so you cant get rid of them.


The UK has a big enough economy to get though, and as the global economy picks up the UK will benefit from it's services industries.

The UK is in bad shape but could solve this problem if the right moves are made. It wont be easy though i suspect they will sell it better to their people than Greece did.

The alternative to fixing the deficit now is to continue to borrow until the financial markets stop you are hike the interest.

The reasons are simple, for decades most countries in the West produced less and less, bought in more than they sold and mopped up unemployment with a bloated public sector. The banks crashing exposed the problem. Will the Third World allow us to manage their money like they use to?

The answer is obvious.

You sound like Ron Paul/Peter Schiff. I agree with them that applying some Austrian economics principles is needed.

eagerly looking forward to what is being said later today

All the industrial countries are on their way to ruins. They can budget as much as they want - they will not get out of their debt. A huge wide-spread break-down is what we will see - probably in our life-time already.