Turn off your iPad, David Cameron, and start dealing with Britain's debt

May 17, 2012 9:00 AM

The Prime Minister David Cameron talks about fiscal sanity but is borrowing like a drunken Keynesian, writes Fraser Nelson

No one dispenses advice to the eurozone better than David Cameron. His speech yesterday was a fountain of good sense and hard truth. Quite rightly, he said there’s no point in any uncompetitive, debt-addicted country thinking it can just muddle along. Radical, structural reform is needed. He didn’t say which of the many basket-case European economies he had in mind, but one sticks out. It is increasing its debt faster than anywhere else in Europe. It languishes behind even Pakistan and Nicaragua on the global regulation league tables. Its growth prospects have almost evaporated.


How do you solve a problem like the United Kingdom?



Click here to read the full article

The Prime Minister David Cameron talks about fiscal sanity but is borrowing like a drunken Keynesian, writes Fraser Nelson

No one dispenses advice to the eurozone better than David Cameron. His speech yesterday was a fountain of good sense and hard truth. Quite rightly, he said there’s no point in any uncompetitive, debt-addicted country thinking it can just muddle along. Radical, structural reform is needed. He didn’t say which of the many basket-case European economies he had in mind, but one sticks out. It is increasing its debt faster than anywhere else in Europe. It languishes behind even Pakistan and Nicaragua on the global regulation league tables. Its growth prospects have almost evaporated.


How do you solve a problem like the United Kingdom?



Click here to read the full article

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