Kremmen wrote:
I'm also highly suspicious of the latest:
Unemployment is down
GDP is on the up (so increase interest rates then)
Immigration isn't as people feared (mentioned Bulgaria and Romania)
All rosy as portrayed by the Gov
= Must an election looming ?
The headline growth figures are entirely misleading. The UK economy is on its knees. Our debts our now so vast and our debt trajectory so perilous that the BoE believes even a token 0.25% hike threatens to collapse the bubble. There will be no interest rate rises this side of a hyper inflationary default.
Even a half of 1% on to interest rates is enough to tip thousands over the edge and push the lending banks into insolvency.
In fact, a massive expansion of the QE program is what's coming next just as soon as the GE is out of the way.
Its all in they now cannot sustain economic growth without massive stimulus. It will in time end but in the way it always ends.
It doesn't matter who you vote for they must all follow the same path.