David Bates Financial Adviser

Should politicians simply talk up the economy, when the truth is that it is still suffering and has a long way to go, before we can truthfully say it is growing?  A General Election is looming large on the horizon, and the points scoring process as started. Labour, via Lord Peter Mandelson, are accusing David Cameron, and the tories of putting down the British economy, when they should be talking it up. In the past this has happened, 1979, for example. A beleagured Prime Minister , James Callagahn claimed inflation was only at 8%, as Labour grappled with the winter of discontent, like a paratrooper trying to take the air out of his parachute on landing and put it back in its pack, or like King Canute trying to order the sea to obey him. However hard he tried the reality showed up. Britain was not prepared for how bad things REALLY were ,as interest rates soared after the election to tackle the parlous state of the economy.

We all know there are very difficult days’ ahead, more difficult than any of us can remember, so I say to all politicians ADMIT the truth, don’t pussy foot about dismissing opposition comments that are the stark ECONOMIC TRUTH. Britain is in a mess, Britain, as it has been proved , was “not best placed to come out of recession quickly”.  Gordon Brown is having to eat his words more and more, he is just not to be believed on anything, as he struggles to save HIS job, and not the country.

At last Gordon Brown has come out and used the magic word cuts. When will this overweight blundering, unelected buffoon tell the truth at the first opportunity. On June 10th he said labour will invest more, that the tories like cutting things. We all knew it was just TV soundbite party politics. The problem now is that the governmen figures on how much they will have to cut the budgets is far worse than previously suggested by the Fiscal studies group. Britain faces at least 5 years of gloom and doom….no wonder the pound has fallen back against the dollar.