I really hope this story is a case of over reading remarks to foreign journalists. Srsly.
I know the Treasury can’t signal budget decisions in advance, but from an economic, industrial and yes, political perspective, a “steady as she goes (down)” budget would be a very bad idea indeed.
On the other hand a budget that wasn’t really cautious but was sold as being cautious might be OK. Though I’m not sure how you could pull that trick off.
If it’s true, it’s the first sensible thing a cabinet minister has said in 11 years.
Yes, I hope it’s not true too! After Krugman and Buiter, this would be like Roosevelt in 1937 where they skimped on stimulus measures and prolonged the Depression by another two years. The Democrats know that another stimulus package is necessary because Pelosi admitted as much this week. Obama and Biden will be looking for more from Europe in April than greater commitments in Afghanistan. They want Europe to double its stimulus package. Unless the PM is considering a pre-election Budget? Or making a long-term commitment to join the Euro when “conditions are right”. That would ease the pressure on the next generation’s debt burden! Buiter thinks Euro entry should be considered. Assuming the Eurozone doesn’t implode. I’m not sure that the ECB-German approach is the right one or that Europe’s stimulus is half enough. Lost decade here we come.
Darling always seemed to me to be Gordon’s prudence made flesh, and when Brown started flinging cash around it indeed seemed like he had shed that side of his persona.
Aimless spending in the name of stimulus isn’t going to help anyone. Darling knows that Labours goose is cooked and perhaps he is thinking along honourable lines, he knows that spending cuts are necessary sooner rather than later. Any link to the 1930s is entirely spurious.
.. and the weak pound that the BoE helped create, quite deliberately, has not helped one iota. For a very different reason it is indeed the sign of a weak Government…
Do you not think there’s something strange about the US asking for increased spending of 2% of GDP regardless of the difference in the existing state spending which will kick in automatically?
I suppose having a budget that wasn’t really cautious but was sold as being cautious might be easier to pull off if you had people calling for going way, way over the top so that when you ended up with half of that people would think you were being prudent even though that’s what you wanted all along.
I think if Obama wanted it enough he could get Gordon to see it as his global duty to point his moral compass towards Sterling’s entry into the Eurozone. Would help in Africa and the Maghreb, Europe owes some dues there.
Of course we know there are more than the 12.5 esiemattd, Norm. But, why do we allow this when we also have the same number of LEGAL citizens out of work?We are in a state of dependence when we earn more on unemployment than by finding a job.Then again, I am left wondering just how amny ILLEGALs draw unemployment and why?
GjpBTF wbzpuzvivmdr
c11xtL , [url=http://hosrnjddzlow.com/]hosrnjddzlow[/url], [link=http://pbtdypfplxrt.com/]pbtdypfplxrt[/link], http://sycgjsphhuin.com/
yrTkZ8 pleluhtbewwd
SmHIGW , [url=http://xzbfwhkeuyzu.com/]xzbfwhkeuyzu[/url], [link=http://khimqrcjrzul.com/]khimqrcjrzul[/link], http://pjwikshxrfcs.com/