Tuesday, 25 May 2010

This is the age of austerity

And it's only just beginning

We are moving from an age of plenty to an age of austerity in the public finances

So says David Laws First Secretary to the Treasury in the UK's Coalition Government, announcing the first round of public-spending cuts to try and save the country's economic bacon,

Commentators presently seem to agree that those announced so far amount to only in the order of ten percent of the cuts that will be required.

Fasten your safety belts. It's going to be a rocky ride. Here we go, ready or not...

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