UK government 'out of money'

Discuss political news items / current events.
User avatar
Col. Flagg
Level 34 Illuminated
Posts: 16249
Joined: Mon Oct 09, 2006 10:04 pm
Location: Utah County

UK government 'out of money'

Postby Col. Flagg » Mon Feb 27, 2012 1:27 pm ... money.html

George Osborne: UK has run out of money
The Government 'has run out of money' and cannot afford debt-fuelled tax cuts or extra spending, George Osborne has admitted.

In a stark warning ahead of next month’s Budget, the Chancellor said there was little the Coalition could do to stimulate the economy.

Mr Osborne made it clear that due to the parlous state of the public finances the best hope for economic growth was to encourage businesses to flourish and hire more workers.

“The British Government has run out of money because all the money was spent in the good years,” the Chancellor said. “The money and the investment and the jobs need to come from the private sector.”

There's no need to fear...

"Truth is in history, but history is not the truth." - Nicolás Gómez Dávila

Sponsored Links


Medical Cost Sharing - It's not insurance it's better!

Return to “News”

Who is online

Users browsing this forum: No registered users and 44 guests