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Farm Business
Agricultural Matters
Lord King WTAF
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<blockquote data-quote="GeorgeK" data-source="post: 8149927" data-attributes="member: 106748"><p>I think the danger is our government resorts to populist policies to stay in power. Fuel subsidies, welfare increases, tax cuts, low rates etc. This may keep people happy for a while but will mean more borrowing and a growing deficit. Investors and traders will see things are being run badly and the cost of government borrowing will go up, the £ will weaken, inflation will keep getting worse. I think we are approaching a tipping point and could easily end up another bankrupt country if a realistic and practical plan to rebuild our economy and financial stability isn't implemented.</p></blockquote><p></p>
[QUOTE="GeorgeK, post: 8149927, member: 106748"] I think the danger is our government resorts to populist policies to stay in power. Fuel subsidies, welfare increases, tax cuts, low rates etc. This may keep people happy for a while but will mean more borrowing and a growing deficit. Investors and traders will see things are being run badly and the cost of government borrowing will go up, the £ will weaken, inflation will keep getting worse. I think we are approaching a tipping point and could easily end up another bankrupt country if a realistic and practical plan to rebuild our economy and financial stability isn't implemented. [/QUOTE]
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