Firstly to start with I am of the view that national deficit is being over played by this Troy government to push and enforce right wing welfare and social reform, but doing so under the cloak of "needed" spending cuts.
However, I understand that public spending must be cut, due to the fact that as country as a whole we are not producing as much money back in the economy. But whether the economy is ready for major cuts in the public sector, which will cause problems for the private section which is closely linked the public sector work, ie school building, or outsourcing cut backs etc.
One of the problem with the current UK economy, is the fact that it is far too dependant on services, which in turn needs a consumer. So in times in economic problem, like the last few years, this fails.
Look at Germany, their economy is growing much stronger than the UK, this because they actually made things and export them, therefore making money!!! It's not rocket science, you make something and someone buys it from you, so you then have money to spend on services. This is the problem in the UK, we are missing or have a too small engine to drive and power the British economy.
Look at Germany, their economy is growing much stronger than the UK, this because they actually made things and export them, therefore making money!!! It's not rocket science, you make something and someone buys it from you, so you then have money to spend on services. This is the problem in the UK, we are missing or have a too small engine to drive and power the British economy.
Therefore, I can not see cutting the deficit and cutting public spending will solve this problem in the short to mid term yes... long term no chance we will be back in the same boat 15/20 years time from now, if we do not change whole economy.
This is the time Britain could become a world leader is science and engineering again. However, this will need investment to grown this, but in return a solid base for the economy lead by science and innovation and not consumer good and services. A good example is this http://www.bbc.co.uk/news/business-11150831.
But I fear that the Troy government will fail to see this. Rant over.
Found this interesting http://www.bbc.co.uk/news/science-environment-11218802. Hunting exo-planet is outer space seems a cool job to do.
Found this interesting http://www.bbc.co.uk/news/science-environment-11218802. Hunting exo-planet is outer space seems a cool job to do.
Until next time.
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