Autumn statement  

Last week’s Autumn statement highlighted the difficulty of the economic climate.  However, independent opinion poll analysis shows that the Chancellor’s position strengthened with his repeated commitment to reduce the country’s debt.  It is worth remembering that in spite of the cuts introduced thus far, the government is still borrowing a quarter of every penny it spends; this relates to everything from teachers and nurses salaries to benefits and the old age pension.  That’s £25 out of every £100 being spent on salaries, roads, social services and refuse collection and all things else that the government is responsible for.    This is why we are paying £120M a day in interest on the debt and the debt is still rising.  Anyone running a household budget or a business knows that we can’t continue on this basis.  Therefore, we must get on top of the debt and also stimulate...