The UK, much like its American cousin, has a bloated, unproductive, and over leveraged economy that needs to be shrunk with deep cuts if it ever want to remain a competitive force on the world stage.
There are concerns that the Island might be faced with an US style " jobless recovery" if the administration maintain its budget cuts target rates. We believe that while the recession might be painful in the short term, doing nothing will be a total disaster! Like Peter Schiff often say: " Medicine taste bad, but if you want to get well you have to take it."
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