Tuesday, October 8
A problem for the next generation
The International Monetary Fund has revised our economic growth forecast upwards from 0.4 to 1.9% . Mean while the rest of the worlds forecast is downwards . Mmmm there is a reason why our economy is holding on by the skin of its teeth ; our Government has been creating bonds out of thin air so the banks have money to lend ! How we laughed at President Mugabe when he printed money in Zimbabwe . We in the " civilised "world are no better . Our country is 10 billion pounds a month short of " making ends meet " . With all our " austerity " savings the government had to " rework " the figures at the last minute of the financial year in order to be able to show a small saving of 5 billion . That's how ineffectual their budgeting is . A rot has set into our country that can never be put right ....
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