More Promises, Darling?

More Promises, Darling?




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Alistair Darling has today assured voters that he will do ‘whatever it takes’ in order to prop up the UK economy in the current ‘uncertain times’, including cracking down on ‘irresponsible’ bank practises whilst providing ‘global solutions’ for problems arising from the recent credit crunch.

 

 

When asked about taxes during an interview with the BBC this morning, Darling stated that, despite the £90bn predicted government debt for next year, ‘now is not the time to take money out of the economy’.  He would not give a definite answer however, and merely indicated that the borrowing would have to be paid back into the public spending pot as and when the country’s economy picks up again.

 

 

If borrowing does reach predicted levels then that would make this year the most expensive year since John Major borrowed £51bn in 1993. In spite of Darling’s vague promises that taxes would not be raised to make up for the deficit, the money must be found from somewhere, and the first place that the long arms of the government tends to reach is the increasingly short pockets of the taxpayer.

By Danielle Williams

 

 

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