Osborne’s Autumn Statement: It Will Not Work

When Osborne stands up in the House of Commons today, three realities will be in play. The first is that although it is not working out as planned, the UK economy is under better control than most others laid low by the crisis. The second is the plan can never solve the underlying problem, although it will keep the economy from sinking. The third is no other plan presently being promulgated, based on the repair of the old system, will work either.

The economic model has been destroyed by a borrowing binge and asset inflation, especially property, to the point where gross deformity exists and correcting one part now causes issues in another. It is like being in a hut with a leaky roof with five holes and only three buckets to catch the drips. Always two holes will be dripping onto the occupants. Arguments abound as to who deserves to get wet.

At the heart of the problem of the UK economy are not issues of welfare benefits or tax avoidance, nor even unemployment and economic stagnation. These are all symptoms. The problems are too much debt, too little money and a Byzantine tax system which fails to deliver enough revenue to pay the bills. Add to this a currency historically over-valued, which compounds the difficulty by sucking in imports of consumer durables and inhibiting exports of all but luxury brands or cutting edge technology. Until radical ideas are put forward to deal with these things, nothing much is going to change.

Reform of eduction, health and welfare are worthy. Reform of the financial model is vital. The project is beyond the scope of this blog at this time, but a hint may be found in looking at QE and where it could go and buying back government debt and how that has helped. A read of the last post will fill in some gaps.

59 Responses to “Osborne’s Autumn Statement: It Will Not Work”

  1. Dial gay says:

    It is a these kinds of good post, and i want to partage it on my individual website cam gay if you give me the accord for sharing !

  2. Hello to every body, it’s my first pay a visit of this webpage; this blog carries remarkable and actually fine stuff for visitors.

  3. katalog seo says:

    It is a mine of information, indeed!

  4. visit here says:

    A lot of of whatever you point out happens to be supprisingly appropriate and it makes me wonder the reason why I had not looked at this with this light before. This article truly did turn the light on for me as far as this specific subject matter goes. Nevertheless there is actually one position I am not really too cozy with and while I attempt to reconcile that with the actual core idea of your position, allow me see exactly what the rest of the subscribers have to say.Well done.

  5. Good day! This is my first comment here so I just wanted to give a quick shout out and tell you I truly enjoy reading your blog posts. Can you suggest any other blogs/websites/forums that go over the same subjects? Thanks a lot!

  6. I’m not that much of a online reader to be honest but your blogs really nice, keep it up! I’ll go ahead and bookmark your site to come back down the road. Many thanks

  7. Wohh precisely what I was searching for, thank you for putting up.

  8. very good and cool,thank you for your sharing.

  9. read more... says:

    Great Site , guys! Rewarding Articles aswell. Bookmarked

  10. read this says:

    You really should consider converting the meat of that blog post into a you tube clip. Would be a great thing to watch.

  11. website says:

    Please let me know if you’re looking for a writer for your site. You have some really great posts and I think I would be a good asset. If you ever want to take some of the load off, I’d really like to write some content for your blog in exchange for a link back to mine. Please blast me an email if interested. Thanks!

  12. I just added this blog to my google reader, great stuff. Cannot get enough!

  13. At this time it sounds like Movable Type is the best blogging platform available right now. (from what I’ve read) Is that what you are using on your blog?

  14. view says:

    Very good blog! Do you have any tips for aspiring writers? I’m hoping to start my own blog soon but I’m a little lost on everything. Would you advise starting with a free platform like WordPress or go for a paid option? There are so many choices out there that I’m totally confused .. Any recommendations? Kudos!

  15. Donn Buri says:

    I’ve recently started a blog, the info you offer on this web site has helped me tremendously. Thanks for all of your time & work.

  16. your identification Hornblower & Byrne. By means of hard composition as thriving as committed providers right at the present that they

  17. bald logo says:

    We’re a group of volunteers and starting a brand new scheme in our community. Your web site offered us with useful info to work on. You have performed an impressive activity and our whole neighborhood shall be grateful to you.

  18. medical blog says:

    thank you for all your efforts that you have put in this. Very interesting info. “One cool judgment is worth a dozen hasty councils. The thing to do is to supply light and not heat.” by Woodrow Wilson.

  19. Hey! Quick question that’s entirely off topic. Do you know how to make your site mobile friendly? My blog looks weird when viewing from my iphone. I’m trying to find a theme or plugin that might be able to resolve this problem. If you have any suggestions, please share. Cheers!

  20. When I originally commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get four e-mails with the same comment. Is there any way you can remove me from that service? Thanks a lot!

  21. my website says:

    I am not really superb with English but I line up this very easy to read.

  22. Aw, this was a very nice post. In concept I want to put in writing like this moreover – taking time and actual effort to make a very good article… but what can I say… I procrastinate alot and certainly not seem to get something done.

  23. Hey! I could have sworn I’ve been to this blog before but after checking through some of the post I realized it’s new to me. Nonetheless, I’m definitely glad I found it and I’ll be book-marking and checking back frequently!

  24. With havin so much content and articles do you ever run into any problems of plagorism or copyright infringement? My website has a lot of completely unique content I’ve either authored myself or outsourced but it looks like a lot of it is popping it up all over the web without my permission. Do you know any techniques to help prevent content from being stolen? I’d definitely appreciate it.

  25. Truly increase an individual selling this website posting. Definitely http://astma.zagan.pl/ many thanks! Awesome.

  26. Chrissie says:

    Hello there, I discovered your blog via Google even as searching for a comparable matter, your website came up, it seems great. I’ve bookmarked it in my google bookmarks.

  27. Woman of Alien Great function you have got accomplished, this website is actually great with wonderful information and facts. Time is God’s strategy for trying to keep anything from going on at once.

  28. Hello there, I found your web site via Google while looking for a comparable subject, your website got here up, it appears to be like great. I have bookmarked it in my google bookmarks.

  29. Thanks for such a great post and the review, I am totally impressed!

  30. Whatӳ Happening i’m new to this, I stumbled upon this I have found It positively helpful and it has aided me out loads. I hope to contribute & assist other users like its aided me. Good job.

  31. I was looking at some of your articles on this site and I conceive this site is very informative ! Keep on posting .

  32. I’m not that much of a internet reader to be honest but your blogs really nice, keep it up! I’ll go ahead and bookmark your website to come back down the road. All the best

  33. Yay google is my king helped me to find this great website!

  34. Audette says:

    Hello there, You’ve done an excellent job. I’ll certainly digg it and personally recommend to my friends. I am confident they’ll be benefited from this web site.

  35. Hello! Do you know if they make any plugins to assist with SEO? I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good results. If you know of any please share. Thank you!

  36. click here says:

    What a fantastic piece you have published. I just stopped in to tell you I truly enjoyed the read and will be dropping by from time to time from now on.

  37. I saw a lot of website but I think this one has got something extra in it in it

  38. this is amazing stuff i think this is an extra achievement keep it up lista de emails lista de emails lista de emails lista de emails lista de emails

  39. I saw a great deal of website but I feel this 1 contains something particular in it in it

  40. Zoey says:

    I haven’t checked in here for some time since I thought it was getting boring, but the last few posts are good quality so I guess I’ll add you back to my daily bloglist. You deserve it my friend 🙂

  41. so much wonderful info on here, : D.

  42. When placed in the future. According to Jex, there are two indexes that are set by the organization maintains productivity, efficiency, and financial success? And you can implement measures to satisfy the established criteria.

  43. Nice post here, thought I could learn more from but I can learn more from here.

  44. Thanks on your marvelous posting! I genuinely enjoyed reading it, you are a great author.I will make sure to bookmark your blog and definitely will come back in the foreseeable future. I want to encourage you continue your great posts, have a nice afternoon!

  45. Hello, i feel that i saw you visited my blog so i got here to go back the want?.I am trying to to find things to improve my site!I assume its ok to make use of a few of your ideas!!

  46. The very fact that they can liquidate in case you default on the company’s assets. Your guarantor, on the personal loans. Naturally, applying for a no worry personal loans.

  47. Do you mind if I quote a few of your articles as long as I provide credit and sources back to your site? My blog site is in the very same niche as yours and my visitors would definitely benefit from some of the information you provide here. Please let me know if this okay with you. Many thanks!

  48. I am perpetually thought about this, thanks for posting .

  49. I am simply so grateful for the cool blog.Thanks Repeatedly. Superb.

  50. Thank you, I have been looking for info about this subject matter for ages and yours is the best I have located so far.

  51. Thought provoking post, I truly believe this website should have much more consideration. I’ll probably be back once more to read a lot more, thanks for the info.

  52. I view something truly interesting about your blog so I saved to fav.

  53. Magnificent website. Lots of helpful info here. I am sending it to several pals ans also sharing in delicious. And obviously, thank you on your sweat!

  54. Shon Pashal says:

    Definitely, the blogpost is definitely the sweetest on this worthwhile theme. I appear to an agreement with the conclusions and can desperately expect your incoming up-dates. Just declaring numerous thanks will not likely just be adequate, for that incredible clarity in your report. I’ll quickly grab your rss to help keep informed of any updates. Fantastic work and a great deal success in your organization dealings! Cheers, …

  55. Needed to put you the little bit of observation to finally thank you so much once again on the beautiful thoughts you have contributed at this time. It’s certainly strangely generous with you to convey freely what many individuals would’ve sold as an e-book to earn some profit on their own, most notably given that you might well have done it in the event you wanted. The techniques as well worked to become easy way to fully grasp that someone else have a similar desire like my personal own to find out a little more on the subject of this condition. I think there are many more enjoyable moments in the future for people who take a look at your blog.

  56. Hello to every one, since I am really eager of reading this weblog抯 post to be updated on a regular basis. It carries good data.

  57. Nice read, I just passed this onto a friend who was doing some research on that. And he just bought me lunch since I found it for him smile Thus let me rephrase that: Thanks for lunch!

  58. I am very happy to read this. This is the kind of manual that needs to be given and not the random misinformation that’s at the other blogs. Appreciate your sharing this best doc.

Leave a Reply