Managing our Economy NOW

Posted By: Peter Evans
Date Posted: 26/09/2011

Anyone taking a real interest in the economic situation in the UK, in Europe and across the world will realise that the first priority of our Government is to do everything it can to prevent us sliding into a further recession. If it fails, then the fallout will highlight the fact that there is no quick and easy way back. It would prove futile to fight against the harsher austerity measures then imposed upon us together with every country that has mounting debts: there will be no escape. The events in Greece, Italy, Spain and elsewhere give us all a clear clue as to what awaits us.
    Despite our inherited debt being as large as Greece, we have escaped the doom and gloom that has attached to countries which have not done enough to resolve their debt crisis - as I stated previously. The Euro zone demonstrates that spin without action is ineffective. We witness politicians across the Euro zone arguing against taking effective action: we hear similar rhetoric in the UK where challenges are made to cut this or that or to deliver more money to worthy causes.
    The midnight oil is burning across in Europe in an attempt at the eleventh hour to tackle the mind-boggling economic problems facing the Euro zone – yet still the opposition here gripe about lesser issues, knowing that if our Government loses sight of its prime responsibility, the UK is guaranteed to sink into the same abyss that threatens the rest of Europe.
    The gains in income that are proposed by the opposition currently would be dwarfed by the considerable losses we would suffer as a country: the interest rate on our huge debt would increase for a start – costing us £millions extra. It would all have to be clawed back from us – and more! It is nonsense to suggest or imply that popular gestures of benevolence by the UK Government at this time could or would help anyone in the long term.
    The Government has a clear and determined plan to save the UK from the fate that awaits a weak Government, as I have highlighted here. Even so, the impact of an unresolved economic situation across Europe could severely damage our progress to recovery - due to the effect this will have on our trade within the Euro zone. Despite this danger, we have been pledged the support of the World Bank – giving us a further reason not to do anything that will jeopardise such a valuable, hard won position of trust. Far better that we continue to put the long term interests of every person in the UK at the forefront of UK Policy, than to abandon prudence and choose short term popularity with measures that will finally end up giving every person a very rough ride indeed and ultimately lead to great hardships all round.