Monday, 13 May 2013

350 Years to Balance the UK Budget

According to Mark Littlewood of the Institute of Economic Affairs,
Since coming to power, this [UK] government has spent approximately £400bn that it does not have, more than any previous chancellor in UK history. At the current rate of deficit reduction, the UK budget will take approximately 350 years to balance. Despite this huge Keynesian fiscal stimulus, growth has remained flat.

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