28th January 2011
"Britons' confidence in the economy and their finances has suffered its biggest drop in close to 20 years, raising fears that the Government's austerity onslaught will set off a self-feeding downward spiral."
lifeiscomplex says: "Maybe we have consumed far too much in the past, we as a country spent too much time shopping and spending and not enough saving in the past, debts have to be paid, the previous government didn't help by behaving recklessly. The bubble burst and now we have a massive hangover, it had to happen at some point, we are now paying the price."
squiblet says: "Ah, finally the reality is beginning to strike home. Tax rises, duty rises VAT, likely interest rises, credit card rate rises (stealthy and hidden) and the spectre of inflation. All this with a falling housing market which robs some idiots of the opportunity to bolster their income by taking out equity for that all important holiday. We are in a double dip, there is no recovery and there never has been a genuine one – unless you count the false rise of the stock market thanks to the back-stopped actions of the banks (sorry Mr Dimon, but you either know not what you talk about or are simply a lying thieving crook. You can decide what you are. Everyone else already knows.) Fraud, complacency, greed and stupidity. No wonder the economy is tanking."
bedfordfalls thinks: "Forcing a break-up of British banks would damage taxpayers' returns from their £67bn stakes, Robin Budenberg, the boss of UK Financial Investment (UKFI), has warned MPs. "