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Old 03-18-2011, 03:20 PM   #18
lipitrRrxX

Join Date
Oct 2005
Posts
482
Senior Member
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the budget is as expected, nothing particularly bad or good, but the bad was already decided on in the past... the pain is just starting... prediction for the end of this year is recession again vs no recession in the rest of the world

this year will be interesting on how it plays out in UK...likely high inflation, wider "borrowing" gap than expected, house price falls also faster than expected, higher unemployment than expected and less tax receipts... LibCons ... hope I am wrong, but this is the direction set earlier, and being kept up right now...

edit: during the year they will be cutting down NHS to size as they "cannot afford it" ... especially with the "tax & NI" bundling... while there are no indications in that direction yet, I could easily bet on this outcome
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