A website mainly funded by the TUC and Unison, Ian?
Is that relevant if the figures are correct? Can't you decide for yourself on the basis of the objective information? And the Financial Times is not exactly a Socialist manifesto...
I've often said that no one really understands international macro economics, but reading that site reveals a lot of information which, viewed intelligently, seems to suggest that there is more than one way to tackle the situation
I can't see how we as a country can carry on for ever on the never never
That was the way Thatcher claimed to look at the nation's economy, and it is almost certainly profoundly mistaken. The way you run your personal finance has very little similarity to the way it's prudent to run the finance of a country.
"Every time a politician says we have to do with the nation's finances what a prudent householder would do with a credit card bill, you can stop listening. It's nonsense."How can it be good for the economy to throw a million out of work as is likely to happen? The country loses the tax income, and we have to support the families that no longer have an income. The policies of this government could well be disastrous, as well as deeply, deeply unfair to the poorest and weakest members of society.
The Conservatives, for reasons of their own, are wildly exaggerating the seriousness of the situation. The British national debt is nothing like as big as that of many other countries, and it's mainly (70%) owed to its own citizens, not to foreign financiers. And it's way below what it's been in the past. In the past, in the last century, it's been 150 and 200% of GDP; at the moment it's just under 60%. That's a fact.