ITS CHARLIE
- 13 May 2010 13:2551639Or the markets would crash, Barr!
Chanters, Drums and Drones Potty Time http://youtu.be/99fMqpjnXYA
Rule Britannia!
Kent First http://youtu.be/04F3mAP3fV4 Keep banging on http://youtu.be/qYCU_SKmkGQ - 13 May 2010 13:5051664That is the mechanism that would force the cuts Alexander. The Bond markets in particular are the big problem because it is there where the Government is having to raise the money for its borrowing. The price of gilts could drop forcing up interest rates. Higher interest rates paid by government would mean bigger cuts to pay for it plus we would all end up paying higher mortgage and credit card rates, the economic recovery would be seriously hit forcing us back into recession. This is the counter argument to Labour's claim that we should delay paying off debt . The fact is there is no free lunch, you pay for it one way or the other.
- 13 May 2010 13:5151665Well, I prefer going to the fruit and vegetable market, Barry!Chanters, Drums and Drones Potty Time http://youtu.be/99fMqpjnXYA
Rule Britannia!
Kent First http://youtu.be/04F3mAP3fV4 Keep banging on http://youtu.be/qYCU_SKmkGQ - 15 May 2010 12:0152061Charlie settles in!
http://news.bbc.co.uk/local/kent/hi/people_and_places/newsid_8682000/8682441.stm - 16 May 2010 06:1652184A good start for Charlie - let's hope he delivers.
I'm unsure what the differences are between what he can help with and what DDC can do; I guess changing minds at Government level - he'll have to be a hell of a negotiator to do that.
Good Luck Dover.
Roger