BBC Report that investment analysts are increasingly worried that the UK government does not appear to have a plan to reduce the UK's ballooning level of debt. Although the UK indebtedness is still not as bad as that of some other developed economies it has deteriorated more rapidly.
Ultimately the government will have to put in place a plan to address this issue. Government spending needs to be reviewed as a spur to long term sustained growth and a reduction in debt to GDP levels.
Showing posts with label Government spending. Show all posts
Showing posts with label Government spending. Show all posts
January 19, 2010
April 2, 2009
It will be the debt of us
You cannot spend your way to prosperity. That's a basic economics lesson that most people learned at a young age. Today, however, we have a generation of bankers and politicians who appear to believe that they can borrow their way to boom times and spend their way to success. It simply ain't so. Once the debt-fuelled binge is over the bill will have to be paid. It would be better to pay as we go now than face the prospect of harsh cutbacks later. Ongoing current account deficits have now been joined by a return to government borrowings for operating expenses. In other words we are borrowing to pay the groceries - something New Zealand finally stopped doing in the 1990s. Are we now poised to return to bad habits?
October 24, 2008
Time to provide rates relief to kiwi battlers
The Report of the Local Government Rates Inquiry last year “identified affordability problems for rates for some sections of the community which will increase over the next ten years.” In other words councils are pushing up rates so fast that low income households can’t afford to pay and its going to get worse over the next ten years.
Senior citizens and others on fixed incomes face a constant struggle trying to budget in the face of local authorities which seem to have an insatiable appetite for ratepayer dollars.
It is not acceptable for local authorities to demand rates rises above the rate of inflation and population growth. Rates rises should be capped at the inflation rate plus an allowance for population growth. This will inevitably mean that Councils have to prioritise like the rest of us. Pet projects might have to be delayed or scrapped until they can be afforded.
Senior citizens and others on fixed incomes face a constant struggle trying to budget in the face of local authorities which seem to have an insatiable appetite for ratepayer dollars.
It is not acceptable for local authorities to demand rates rises above the rate of inflation and population growth. Rates rises should be capped at the inflation rate plus an allowance for population growth. This will inevitably mean that Councils have to prioritise like the rest of us. Pet projects might have to be delayed or scrapped until they can be afforded.
Subscribe to:
Posts (Atom)
Needed: A Bridge over troubled waters
In a world which is increasingly polarised in its politics, economics and beliefs about religion, race and gender, we desperately need peopl...
-
The Minister of Communications, Steven Joyce, has issued a Discussion Document proposing a new and much fairer way of charging for TSO costs... -
BBC Report today unveils the huge scale of bribery going on in Afghanistan. In fact it equals almost a quarter of the nation's GDP! N...
-
Raluca Bejan , Assistant Professor of Social Work, Dalhousie University takes issue with diversity training businesswoman a nd promoter o...