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Look at the national debt of the US. It's ginormous. The US spent their way out of the 1930s depression. Which is what the UK should have done rather than the Coalition's austerity. Look at the harm and division austerity led to in the UK. If only it was simple. -
Floating a few ideas to gauge consensus indicates that there is no strategic plan. It's just political dithering. It represents a fundamental inability to recognise the fundamental structural issues concerning the nations economy. In keeping with France, Germany and many other European countries, the UK's economic health is in decline. In the last two decades, much of government spending has been funded by debt. The cost of servicing that debt is currently running at around £95 billion and that is increasing steadily. It means we are living beyond our means. We are in a debt spiral. the government is funding a welfare state that has gone out of control. We cannot continue to have a situation where millions here prefer to live off Universal Credit plus other benefits. Some of them also earn additional untaxed income from the grey economy. We have to reduce govt spending. It is the elephant in the room. There has to be cutbacks - no tinkering but real cutbacks and austerity. Committing to austerity and major cutbacks will reestablish credibility in the financial markets. This alone will reduce the cost of servicing the national debt. It's a virtual circle but it does need political courage not indecisiveness. Stop rearranging the deck chairs on the Titanic.! -
@malumbu I don't know the answer either but I do know that floating multiple ideas leads to uncertainty and spooks the economy. If they want to grow it, they should be more cautious about what they say as they are currently in danger of digging the financial black hole deeper as markets and investors will be wary. -
https://www.southwark.gov.uk/news/2024/southwark-becomes-first-inner-london-borough-have-100000-trees Link to Southwark Council's ambulance tree planting programme. Rather good wouldn't you say?
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