The links above take you to the the left leaning Guardian and the right wing Telegraph newspaper web sites.
Whilst the stories in themselves are not linked they both illustrate the precarious nature of Teresa May’s weak and wobbly government and the threat that we all face from a hard Brexit (supported by opposition Labour as well of course) and that huge deficit that the UK is carrying around on its back.
Add into that the inevitability of another recession within the next 5 years and frankly it could depress the most optimistic of us.
Going for Brexit in financially good times would be a huge challenge but going down that route in the mess that the UK’s finances are presently in is surely complete madness.
My thanks to Roy Connell & Keith Page for the leads to this posting
The Friday 20th March edition of The Independent newspaper said this about the Lib Dem approach to the economy and the deficit……
Danny Alexander MP
‘…the substance of what Mr Alexander had to say was much more impressive. Easily dismissed as “splitting the difference” between the Conservative and Labour routes to deficit reduction, the Liberal Democrats do have a more balanced, pragmatic approach to the task. Mr Alexander and his colleagues would indeed try to avoid the worst of the cuts the Tories would inflict on public services, and they rule out tax cuts for the rich, such as on inheritance tax. Unlike Labour, though, they would attempt to protect incentives and not simply ramp up taxes on the middle classes, and borrow more and more to fund an ever-rising deficit.’
Cutting less than the Tories, borrowing less than Labour.
One thing I have noticed in recent times is that Labour don’t have the heart to go in for many shouting sessions about the Coalition Government and these days, the odd mumbled derogatory remark about the cuts is about all you hear.
Why is this? Well it’s because Labour councillors know that if Labour wins the next General election it will impose greater cuts in public expenditure than the present Government. It’s hard to rant and rave knowing this.
But only a couple of years ago Labour were condemning all the austerity measures (caused by their mismanagement of the economy and the recession I would add) and saying at a local level how Labour would reverse all the cuts and there would be money left over for just about any cause you could mention. Ed Balls effectively stopped such ludicrous commentary by saying how hard Labour would be in reducing the national deficit that they had done more than their fair share to create.
And I say this now why? Well on Thursday 2nd October I attended a meeting of Merseyside Fire Authority where some very significant savings have to be made involving merging/closing some fire stations to balance the books.
Yes, Labour had their little digs about the Coalition but frankly I got the distinct impression they were going through the motions and their heart was simply not in it. Not once did a Labour member say that come a Labour Government being elected more money would be handed out to stop the savings having to be made.
On the other hand the Fire Brigade Union was singing from the same hymn sheet that Labour lost a while ago. But then again they are genuine socialists who believe in common ownership and the kind of socialist governance of the UK that Labour ditched a couple of generations ago.
You get the impression that Labour still likes to pretend it is a socialist organisation despite it being more capitalist by the day. They like the comradely trappings of the Red Flag but their policies are very much wrapped in a free market flag.