IMF Backs UK Deficit Reduction Plan: Financial Institution Endorses Cuts To Help Economy Recover

28/9/2010 12:47 PM BST

The IMF backs any government plan from any country that essentially cuts spending, jobs and investments. It does not mean that these uncontrolled cuts will help Britain. Look at Brazil, for example. A decade ago they said a big NO to IMF draconian policies and instead of cutting jobs and services, they enlarged their economy by creating jobs, a tougher fiscal policy that sends tax evaders to prison, increasing the national minimum wage, and expanding the social welfare. Brazil's economy is in so good health with 7% grows per year and the lowest unemployment rate in history. Also they afford the luxury to lend money to other South American countries. This is a result of a centre left policy that puts people first, that makes capitalism work for people, not the other around. Perhaps Mr. Osborne should learn some lessons from them as he is driving the UK economy to a profound retraction that it will take generations to recover. Latest Poll: Tories 39%, Labour 40%. It says all.

Comments

David Cameron Arrives In Afghanistan For First Visit As Prime Minister

Friday June 11, 2010 Well, it seems that money for war is not an issue for a government that says it needs to tackle the deficit. Let’s cut public services, sack people, put more people in poverty due to welfare cuts, etc. Let’s spend these savings on war. It is really pathetic this new government. What else we could expect form a right wing party ?

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22/7/2010 12:3 PM BST It is so obvious that a proactive approach is the most effective way to reduce deaths from strokes and heart attacks. However, it seems that the NHS management prefer expensive and many times too late remedies. The management alone cannot be blamed. A large number of GP's in this country are plain useless. Even when they do not have a clue what's going on, they do not refer you to someone who can investigate and possibly save your life. There is something very wrong with all this. I try to avoid analogies but even in Brazil, a large country with 200 million people, the public health service seems perform better than here. They invest in preventive measures and regular checkups. I have no illusions that this CONDEM government will change anything for better. One of these days when I go to my surgery to see a Doctor, I will be seen by a volunteer instead...That's what I call a bigger society!

The gathering storm: Britain's faltering economy

12/08/2010 We have the face the reality. There is little hope. Exaggerated optimism is inadequate. We know quite well that after the so called "emergency budget" any chance of a sustained recovery was flushed away. You do not need to be a economist to realise that without jobs, investments and production, you cannot be optimistic. Cuts and cuts alone results in recession. I am afraid to say but the worst is still to come when 600000 jobs culling starts in the public sector. While the crisis deepens, the government begins to inflict a cynical revulsion on those receiving benefits. It is exactly when the most vulnerable families need it most is when this irresponsible government decides to implode it. No, for those in low income, those without jobs, the forecast cannot be better. The wealthy cannot feel if the inflation is 2% or 3% higher, however the less privileged ones will find it very hard to cope. Let's be frank, with or without debt issues, this govern...

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