Crash Britain

Posted by Janice McGinn in Risk & Regs on Tue, 05/05/2009 - 09:24

The government’s going to have a hard time ‘earning its way out’ of this recession, says Rebecca Benneyworth.

Key points

The Chancellor’s growth predictions are too optimistic. Growth figures are based on the unsustainable expansion of the financial services sector. By 2015 national debt is projected to reach 80% of GDP. We cannot pay back this high level of debt and the IMF will not be able to bail us out this time.

 

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The Bottom Line: Britain still great for business

Political strategy needed to show that Britain is still great for business, says Richard Thomas

"Out of one side of his mouth, Gordon Brown is saying he will make Britain an attractive place to invest, but out of the other he is clobbering higher earners with 50%, which sends out the opposite message. Despite such political dabbling, Britain remains a great place to do business and we must play to our strengths in attracting investment. " Read more.

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