Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Seems like David Cameron has wasted no time promising Britain decades of austerity. I suspect he sounded a little too enthusiastic about what he's going to do to most people's incomes cos even my mother noted he was licking his lips and had a flush of excitement on when he said it.

He's certainly gonna grind down on the wages of ordinary people, probably whilst bemoaning the collapse in consumer spending that is undermining recovery. But he won't raise taxes on the rich nor will he inconvenience the City, whose fault this is, with a Tobin tax or halt tax exemptions which will raise all the money he needs and more in double quick time. so basically, not only have we had privatised profits and socialised losses for the banking sector, but the actual losses are spread amongst that strata of society who are entirely uninvolved with any investment activity.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Mon Jun 7th, 2010 at 12:48:59 PM EST

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