Tuesday 8 June 2010

I miss Gordon Brown!!

I miss the former UK premier Gordon Brown, who is keeping a low profile.
There does not seem to be the same chaos in the internal workings of the government of Great Britain. His successor David Cameron has the herculean task of making a dent in the British public debt mountain. I would have gone for a gradual approach to cutting expenditure given that the UK economy has had the equivalent of a heart attack. Cameron has extolled the "Canadian approach" when there were major education and health cuts. These would be very, very unpopular here and if these areas are ringfenced, then the cuts will be worse for the other departments. I would merge the Foreign Office and International Aid departments, which could produce some cost savings.

Selling austerity will not be an easy task for the Old Etonian club. I thought Brown did well in the last election to play the class card, which ensured that the Labour vote did not completely collapse.

It will be interesting if George Osborne will come up with any surprises in the June 22nd budget. One Daily Telegraph columnist says the Chancellor of Exchequer would not know an economic theory, if it hit him on the head.

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