Showing posts with label UK Deficit. Show all posts
Showing posts with label UK Deficit. Show all posts

Wednesday, May 26, 2010

A Parliamentary programme for Ostriches

The Queen's appearance in Parliament yesterday not only looked like pantomime, but revealed a speech worthy only of farce.

Albeit recognizing the prime necessity of eradicating the structural deficit it otherwise avoided the horrifying real debt levels and relied on wishful thinking rather than real actions to salvage the nation's finances.

Take a pie chart showing UK expenditure, include contributions to the EU (if factual figures can be found) black out this amount and all the other areas the Coalition Government is committed to exempt from cuts and you will be left with a sector so tiny it will leave the structural deficit virtually unscathed.

The EU is the first urgent area where giant savings can immediately be made.... the NHS is next!