Sunday, 26 October 2008

Economic Woes - Spend!!!

After reading this page, I think Darling is a genius. I do understand that there are many people who will disagree with Darling and also with me regarding the current UK economic position.


During the good old ten years when Labour just came into power, that is the best time to start savings. I know that it is absurb because the economy was booming. Well, if we don't start saving during the good times, we might not have the ability to do so during the bad times ,right?


Think about it. If one were to start saving for the future since Labour came into power, he or she will be better off now because they will be financially secured as they do not have much liabilities.


How would UK going to recover during the bad times? Spend is the answer. When the government or the people start spending, it will create opportunities and more shops will open as people start to spend. When people start to spend, companies will have to pay corporate tax and this will, eventually, bring in more money into the treasury. Is that so hard to understand? I don't think so.

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