- Jun 24, 2013
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With interest rates as low as they are that's probably sensible (or at least the most palatable option of the three unsavoury ones available to him). I'm sure back when the South Sea Bubble burst and our forefathers started off a National Debt they didn't imagine we'd still be servicing it over 300 years later. The key is to maintain an economy which will service it without extra pain. Whether that will be achieved only time will tell, but there wasn't much left to cut in terms of austerity measures (though public sector workers won't see it as 'no signs of austerity' either), and I can't see any Tory govt grasping the nettle of tax avoidance/evasion or finding ways of making tax rises palatable to their base.
But promising huge swathes of money for XYZ isn't the same as actually delivering XYZ. As we've seen already.
But promising huge swathes of money for XYZ isn't the same as actually delivering XYZ. As we've seen already.