Saturday, June 4, 2011

'UK Government has made its point on debt, now its time to move on'

Here’s the final paragraph of an interesting article in the London Evening Standard earlier this week on the UK Government’s obsession with debt and the deficit and how if it wants to succeed economically needs to move on from its current position and focus on growth and job creation.

Anthony Hilton writes ‘It would be wrong to say debt does not matter but we need a sense of proportion - and having made the point, the Government must move on. Talking tough on cuts may keep financial markets onside, but the Government's priority should be to restore economic growth, not fixate about the deficit. Get growth right and the deficit will take care of itself; but a government which defines itself by cuts stands a very good chance of making things worse.

The full article is hereAny source

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