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And the U.S.?...Obama...?
a ‘lil late.
Ours is an absolutely unwavering commitment to fiscal responsibility and deficit reduction.
Abandoning that commitment would plunge Britain into the financial whirlpool of a sovereign debt crisis, at the cost of many thousands of jobs.
We will not make that mistake.
[...]
Individual countries must deal with their deficits, make their economies more competitive and strengthen their banking systems.
[...]
The barriers are political not economic, so it is up to the world’s politicians to overcome them. There are no excuses left.
Finally, the UK, like the rest of the developed world, needs a new model of growth.
Surely we have now learnt that growth cannot come from yet more debt and government spending?
Those who spent the last year telling us to follow the American example with yet more fiscal stimulus need to answer this simple question: why has the US economy grown more slowly than the UK’s so far this year?
Instead, we’ve got to work hard to have a private sector that competes, that invests, that exports.
In today’s world, that is the only route to high quality jobs and lasting prosperity.
'Slasher' Osbourne has a lot more to do yet - I seriously doubt that we in the UK are out of the woods while we're building wind farms in the Channel: nevertheless credit ratings have a lot to do with perception and Osbourne is saying the right things here.
I was wondering what the Queen,Wils,Kate and them were doing in light of the riots
The Queen realizes how insensitive a lavish celebration would be yet self appointed king Obama goes on his vaca...
This sort of clear logic and direct speech is why I am proud to have been raised in the Anglo-Saxon culture.
It was indeed a nice speech but I’m curious about the new “Office of Budget Responsibility”——where did they get the new bunch of geniuses to operate that? Maybe they could share with US? We have a congress and a president who are supposed to handle that for us but we obviously need our own new bunch with their heads in the right place all the way around. We may yet have to pitchfork out our current bunch of deadheads.
The British Parliment is the British Govt, big difference. If some conservatives had not stayed home in 2006 and 2008, we might have a govt that would say the same.
Sadly, the British entitlement mentality is even greater than ours and if these words ever translate into real time cuts in government benefits to huge sections of the British population, what we've seen in the UK over the last few days will be child's play compared to what's coming.
Even if you had left “British” and the comment out of the headline, we might have guessed that this was Rt Hon George Osborne MP, Chancellor of the Exchequer, and not the Wrong Dishonorable Timothy Geithner, Secretary of the Treasury.
Sounds like nice talk. The Brits have many, many more problems to deal with.
Just like their Prime Minister speaking the other day, I think it was him. Said that the riots were from people who were lazy and thought that they were owed everything and didn’t have to work for it. Or something to that effect. It was great! Would love to hear talk like that over here.
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