Puzzled why David Cameron was keen to engage us in a big discussion about welfare benefits? - even though he said no changes would happen now, but may be included in the Conservative manifesto for the next general election, most likely (unless the Coalition falls apart) in 2015. Surely you would think they'd be working hard on a plan to generate growth, that we need, to drive the economy out of recession.
Or why George Osbourne rushed out on TuesdaIsy to announce a delay in the introduction of the proposed 3p rise in fuel tax.
Let's think, me thinks....a suggestion did it have anything to do with the dire state of the economy by any chance?
The Office for National Statitics today published details of the state of public sector finance for the month of May, 2012:
The main statistics show, that in May 2012, for measures excluding financial interventions:
Even Mervyn King the Bank Governor can only see dark clouds on the horizon, "We are in the middle of a deep crisis, with enormous challenges to put our own banking system right and challenges for the rest of the world that they are struggling with," King told parliament's Treasury Committee. See Reuters - 'Gloomy BoE sees outlook darken'.
And finally for an alternative narrative on David Cameron recent attendance of the G20 summit read 'Cameron G20 missteps point to wider UK problems' an article by Peter Apps, Political Risk Correspondent of Reuters.
In a damaging rebuff to the Prime Minister former Clinton official Kupchan said to Reuters -"London's relevance on the world stage seems to have declined since he became prime minister. Part of that might be inevitable given the circumstances ... but Cameron's statecraft is also leading to self-isolation."
Or why George Osbourne rushed out on TuesdaIsy to announce a delay in the introduction of the proposed 3p rise in fuel tax.
Let's think, me thinks....a suggestion did it have anything to do with the dire state of the economy by any chance?
The Office for National Statitics today published details of the state of public sector finance for the month of May, 2012:
The main statistics show, that in May 2012, for measures excluding financial interventions:
- the public sector current budget was in deficit by £16.9 billion; this is a £2.7 billion higher deficit than in May 2011, when there was a deficit of £14.2 billion
- public sector net borrowing was £17.9 billion; this is £2.7 billion higher net borrowing than in May 2011, when net borrowing was £15.2 billion
- public sector net debt at the end of May 2012 was £1013.4 billion (65.0 per cent of GDP). This compares with £921.3 billion (61.3 per cent of GDP) at the end of May 2011
- The central government net cash requirement was £13.3 billion, a £2.5 billion higher net cash requirement than in May 2011, when there was a net cash requirement of £10.7 billion.
Even Mervyn King the Bank Governor can only see dark clouds on the horizon, "We are in the middle of a deep crisis, with enormous challenges to put our own banking system right and challenges for the rest of the world that they are struggling with," King told parliament's Treasury Committee. See Reuters - 'Gloomy BoE sees outlook darken'.
And finally for an alternative narrative on David Cameron recent attendance of the G20 summit read 'Cameron G20 missteps point to wider UK problems' an article by Peter Apps, Political Risk Correspondent of Reuters.
In a damaging rebuff to the Prime Minister former Clinton official Kupchan said to Reuters -"London's relevance on the world stage seems to have declined since he became prime minister. Part of that might be inevitable given the circumstances ... but Cameron's statecraft is also leading to self-isolation."
