0835 Hrs GMT London Sunday 05 September 2010-09-05 Editor © Muhammad Haque KHOODEELAAR! Told UK CON Cameron so. Stop imitating the OTT-lying 'spin' of the G Brown - T Bliar 'years'. Start telling the truth. Face the facts and quit lying yourself. If EVERYTHING must be cut, how is it that you are in effect ring-fencing Crossrail? What is the evidence that Crossrail is so sacrosanct? What [if any at all] is the evidence that Crossrail can be correlated to the actual daily experience of economic beings? What is the justification for your CONDEM following the lies for Crossrail? Why carry on with the mess caused by successive decision-makers on London transport? Scrap Crossrail. Start afresh and prioritise the Tube and also the standard of service on existing infrastructure in London. Get P Hammond to get off that fake bike that Barclays gave to Boris to flaunt as a sneaky advertisement for the banks. Give him a brief that is straight and not faked. [To be continued]

0835 Hrs GMT

London

Sunday

05 September 2010-09-05

Editor © Muhammad Haque

KHOODEELAAR! Told UK CON Cameron so. Stop imitating the OTT-lying 'spin' of the G Brown - T Bliar 'years'. Start telling the truth. Face the facts and quit lying yourself. If EVERYTHING must be cut, how is it that you are in effect ring-fencing Crossrail? What is the evidence that Crossrail is so sacrosanct? What [if any at all] is the evidence that Crossrail can be correlated to the actual daily experience of economic beings? What is the justification for your CONDEM following the lies for Crossrail? Why carry on with the mess caused by successive decision-makers on London transport?  Scrap Crossrail. Start afresh and prioritise the Tube and also the standard of service on existing infrastructure in London. Get P Hammond to get off that fake bike that Barclays gave to Boris to flaunt as a sneaky advertisement for the banks. Give him a brief that is straight and not faked. [To be continued]

IMF issues warning on Britain's debt

Britain must do more to control spiralling debts, say the IMF

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Thursday, 02, Sep 2010 10:36

by Peter Wozniak

Britain is among those countries needing to tighten their fiscal policies in order to stem the growth of ballooning debts, according to the International Monetary Fund (IMF).
The organisation warned that the UK's debt in relation to its GDP could rise to 90.6pc by the end of this parliament, more than doubling the levels of 2007 before the financial crisis.
"Fiscal policy will need to react more strongly to debt than past behaviour would suggest, and governments will need to engage in reforms that place debt on a sustainable footing," the IMF said.
The Fund's report would appear to support the government's aggressive stance on reducing spending.
The report continued: "In the last three and a half decades, public debt has been the shock absorber in advanced economies - going up in bad times and not coming down in good times."
Britain is in a better position than other countries in regards to debt, particularly those in Southern Europe and Japan, but remains "constrained in their degree of fiscal maneuver".
The IMF concluded: "Timely policy measures are needed to increase the probability that public debt will remain on a sustainable path and convince markets that fiscal policy is not proceeding on a 'business as usual' basis."
The report comes as the coalition spending review, to take place in October, begins to loom large on the political horizon.
David Cameron's government will likely use reports such as these as support for their arguments on spending cuts and debt reduction, in what is likely to be a politically contentious period as the full scale of George Osborne's economic plans come to light.
Labour, although in the midst of a leadership election, has regularly attacked the speed and scale of government spending cuts as unnecessary.