Tag Archive | Maggie Thatcher
The UK’s latest Trade deficit figures are being lauded as positive news and the “best ever since 2003“. Now, when deficits get smaller it’s supposed to be good, right? In this case, wrong. It’s actually quite a bad sign, especially when you compare it to Germany which is in the supposedly hopeless Eurozone.
Today UK Chancellor of the Exchequer Alistair Darling announced a £20 Billion fiscal stimulus package and an increase in borrowing to a whopping 57% of GDP or more. Tax cuts on consumption (much of which comes from imports) are to be paid for by future tax receipts (much of which comes from earnings paid to […]