Shrinking Economy

The UK economy shrunk by 2.4% in the first quarter of this year which is the fastest rate of decline in over 50 years and is a damning indictment of the way the Government has managed the economy over the past 12 years.

All those comments by Gordon Brown that we were as a country better placed than others to weather the economic storm sound foolish to say the least. But what is even more worrying is the continued talk by Brown of trying to spend his way out of recession at a rate which will burden the country and taxpayers for decades to come. How will any future Government pay back a national debt to £1.4 trillion which is what we are likely to be left with if Gordon Brown has his way?

Advertisements

One Response to Shrinking Economy

  1. It is wrong to blame the British govt for the fall in GDP. It has more to do with the demographics of the Britain and the loss of edge in economic sphere.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: