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A warning of where we could end up if we don't start living within our means
14/03/2012 07:48:00

This video by the Sunday Times Economics Editor, David Smith, for BBC Radio 4's Broadcasting House, which sets out what a Greek-style austerity programme would look like in Britain, is incredibly powerful.

As well as warning us what the consequences could be if we don't start living within our means - and reminding us how lucky we are that the Liberal Democrats and some in the Labour Party didn't succeed in taking us into the Euro - it also raises questions about whether what Greece is being asked to do is actually politically deliverable.

I'll be showing it at the public meeting I have organised at 8pm on Friday night at Croydon Town Hall to discuss the Government's deficit reduction programme.

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Readers' Comments

On 03/05/2012 23:50:00 Jim wrote:
Yep... good thing we're not in the Euro. But we're still in the EU, and that's costing us.

It was Tory Edward Heath that got us into that one.




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