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Wednesday, 7 September 2011

Our debt is now standing at £3.589 trillion and we are still borrowing £1 in every £4 we spend.

When one reads that Cameron, with the help of Clegg, is borrowing £1 in every £4 they are spending, it is pretty obvious to the "man in the street" that the government is failing us.

Labour state that we are cutting too much so that means Labour would borrow more than £1 in every £4 they spend which is even worse.

So, Joe Public, whichever of the three main parties you vote for in the 2015 elections, you are going to be saddled with more, and more, and more debt. Isn't it about time you thought about voting for some of the smaller parties.

No, it won't change things immediately, but look what could be  achieved if a tenth of you voted for small parties. Just 10% mind you.

  • It would give encouragement to the small parties
  • It would terrify the larger parties.
  • It would make the larger parties more careful of how they treat you.

And, when people saw the change this time round, it might encourage more of them to vote for the smaller parties.

The question to ask here is: "Would Parliament be better if there were fifty seats spread around half a dozen smaller parties?" and "Would politicians of the two larger parties see their attitude towards democracy improve if they found voters voting with their feet?"

I wrote this blog after seeing the following in Guido's blog at
You wait for ages for a good letter in the FT and suddenly two come along at once. It’s not just the eminent economists telling it like it is about the 50p tax rate this morning, but also another healthy dose of reality from the CEO of brokers Tullett Prebon, Terry Smith:
“To the ordinary person in the street, the idea that we can rescue ourselves from a crisis caused by excessive borrowing by borrowing even more must seem mad. In this respect they are possessed of far more common sense than those who are currently advocating just such a course of action and purport to be our leaders… The first step in rectifying this situation should be to make a clear and unambiguous statement about the actual debt the UK is carrying.”
Once messy public sector pensions, PFI and banking guarantees are taken into account, Smith believes out debt to be £3,589,000,000,000. MPs are reporting that their very own can arrived in the post this morning from Smith.  To keep on kicking:
 That is 3.6 trillion pounds.


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