Wednesday October 20th 2010 is a big day in little Blighty, it may actually define a generation
being relatively impervious to it all in my Scandinavian enclave it is nonetheless quite an odd, almost queasy, feeling I have about what George Osborne is about to unleash on you all
this feeling was not alleviated at all by this;
basically, (world wars aside) the empirical evidence of the last 100 years is that cutting public spending actually INCREASES public debt, slows growth and, of course, leads to an increase in unemployment
Also, public debt as a % of GDP was higher than it is now for every consecutive year of 1916-1970 - is this debt crisis a red herring?
Great Britain I bid you adieu, it was nice knowing you