The speech showed quite clearly that Britain is doing the RIGHT thing at the RIGHT time to restore credibility and fiscal balance.

This is highlighted by just one fact from the speech -

Two years ago Spain and Britain both paid around 4% to borrow money on the international market. Today, Spain pays just over 7% (showing that it is seen as risky by lenders) whereas Britain's borrowing rate has dropped to 1.75% (a clear sign that the international market see us as fiscally prudent and on the right course).

Those (Milliband / Balls) who say that the way forward is continue borrowing (and damn the future) are lost on the road to Greece.

One point/factor only.

No mention of inflation levels, unemployment, crime rates, GDP figures, house prices, etc. etc.

Another half baked ITK view.

All utterly irrelevant, Brian ... we are talking fiscal prudence and the ability to pay one's way.

Loony Labour want to borrow to invest, in the hope that it will bring higher GDP and thus make us able to pay our bills.

Don't you think countries like Greece have already thought about that?

There is NO guarantee that you will get such a result. What IS guaranteed is that you will owe far more money (at a higher interest rate).

QED

In The Know wrote:
All utterly irrelevant

ITK, sweeping statements like this do nothing for your case. All these factors have a direct affect on our ability to pay our way! Really, are you a wind-up merchant or an idiot?

Brian 9 wrote:
All these factors have a direct affect on our ability to pay our way!

No, they don't !
The debt MUST come first - no matter what other preferences you may have.

We have now paid-off one quarter of loony Labour's debts and are fully on-course to clear the rest.
The world's financial institutions can clearly see that - which is why we have preferential rates (very, very low !) should we need to borrow further. (And the more we pay-off now the less we will have to pay in the future).

Even the la-la Greeks, who seemed likely to reject the austerity package, actually realised that they cannot walk away from their debts, and eventually voted FOR pro-pay-back parties.

The Greeks, Portuguese, Irish, Spanish and Italians ALL WISH they had our forward-thinking government - and wish they had followed our lead.

Brian 9 wrote:
Really, are you a wind-up merchant or an idiot?

The latter Brian - the National Debt is increasing rapidly.

Mr Cameron is a plonker and has no idea of which he speaks. Austerity never works and never has although it appeals to the small minded mealy mouthed despite the handful of booming countries around the world who have spent their way out of recession demonstrating the bleedin' obvious.

hedda hopper wrote:
no idea of which he speaks.

... need I say more LOL ?

Alliana wrote:
the National Debt is increasing rapidly.

... and inflation is at a two-and-a-half-year low !

Your money is actually starting to be worth something again.

Alliana wrote:
the National Debt is increasing rapidly

It increased by £170b (£170,000,000,000) last year and is expected to do about the same, this year.

Interest alone costs over £50b!

The Debt amounts to 65% of GDP (interest 3%) and to say things are improving is pure folly.

Stabilising VERY slowly is the strongest/appropriate/positive description.

For ITK to say that we now have paid off 'one quaarter of loony Labour's debts' is simply incorrect.

Could he come up with some figures, maybe? (He rarely qoutes any - just makes wild/inaccurate statements).

Hello Jill (yet another "new name" to pop-up out of nowhere LOL !)

Did you actually HEAR the speech ?

==


On debt, Mr Cameron will deliver what will be seen as a swipe at Mr Hollande, who has already cancelled planned state pension age rises in France.

He will say: ‘We need to be absolutely clear about this and send an unequivocal message that deficit reduction and growth are not alternatives.

‘Dealing with the first is vital to securing the second. If a country wants growth in its national economy, then it has to deal with its debts, and dealing with its debts is every bit as essential for the global economy too.

‘Countries simply cannot continue to run indefinite structural fiscal deficits without contributing to the fundamental imbalances that fuelled the 2008 crisis in the first place.’
Mr Cameron will warn that in a debt-driven crisis, there is little space for countries to stimulate their economies through spending. Instead he will commend structural reforms - such as increases in pension ages - and loose monetary policy.

www.dailymail.co.uk/news/article-2160817...s.html#ixzz1yMB1wezc

===

I also see UK unemployment is down - for the third month running ! (how does THAT compare to the "loony" countries. Are theirs all going UP perhaps ????)

Jill, as you probably DIDNT hear the speech ....

===

This is my fourth G20.

So as we meet to talk about the steps the world must take, let me start by being absolutely clear about what Britain has done to restore its economic strength.

We have acted swiftly, setting out a credible and steady plan to restore confidence in our public finances.

In two years we have cut the deficit by over a quarter.

the rest is here - www.number10.gov.uk/news/prime-ministers-speech-at-mexico-g20/

Jill, the figures are broadly right; its a moving situation.

ITK will post soon, diverting away from your points - he just won't deal in facts!

He posts about everything, but economics baffle him.

Jill 98 wrote:
Alliana wrote:
the National Debt is increasing rapidly

It increased by £170b (£170,000,000,000) last year and is expected to do about the same, this year.

Interest alone costs over £50b!

The Debt amounts to 65% of GDP (interest 3%) and to say things are improving is pure folly.

Stabilising VERY slowly is the strongest/appropriate/positive description.

For ITK to say that we now have paid off 'one quaarter of loony Labour's debts' is simply incorrect.

Could he come up with some figures, maybe? (He rarely qoutes any - just makes wild/inaccurate statements).

If you read one book on economics, let it be this one.

www.amazon.com/Surviving-Cataclysm-Throu...istory/dp/1615776001

be.bing.com/search?q=Surviving+the+Catac...hBox&Form=IE8SRC

Polly wrote:
Jill, the figures are broadly right; its a moving situation.

ITK will post soon, diverting away from your points - he just won't deal in facts!

He posts about everything, but economics baffle him.





Not only does he invent figures,but he now has assumed on another thread that a police charge means guilt!
Welcome back to the forum clown,just when we all thought what great improvements he'd made.

I think Cameron talks a good talk and is doing much right and much wrong; just like the last lot and, inevitably, the next lot.

As Government and organisations get bigger they get slower and less efficient and this applies globally; just as strong leaders often start great and then become corrupt dictators, so democracies start with good intentions and get bogged down with red tape.

Not Big Bent-Media backing Big Bent-Wall Street, but big straight Frankfurt should boss Big Money.

Since Brit Finch voiced one of ex-Ukrainian Chayeksky's many immortal lines about Corporatism beating Liberalism, "You are television incarnate...indifferent to suffering, insensitive to joy. All of life is reduced to the common rubble of banality" "I'm mad as Hell, and I'm not going to take it anymore" in the prophetic 1976 "NETWORK", it was true then and even moreso now.

Until INFORMED Big Votes beat DEFORMED Big Bucks.

en.wikipedia.org/wiki/Network_(film)
"Network"

en.wikipedia.org/wiki/Paddy_Chayefsky
Sidney 'Paddy'_Chayefsky


"I'm Mad As Hell"

Largely agree, JK - the real problem with democracy is that ALL governments are forced (by the system) into short-term thinking ... getting re-elected at the next election is all that matters.

Consequently no long-term though goes into it.

In The Know wrote:
Jill, as you probably DIDNT hear the speech ....

===

This is my fourth G20.

So as we meet to talk about the steps the world must take, let me start by being absolutely clear about what Britain has done to restore its economic strength.

We have acted swiftly, setting out a credible and steady plan to restore confidence in our public finances.

In two years we have cut the deficit by over a quarter.

the rest is here - www.number10.gov.uk/news/prime-ministers-speech-at-mexico-g20/

Osborne's failure on the deficit becomes clearer

"The Chancellor once hoped to go to the election boasting that he had "balanced the books" and cleaned up "the mess" left by Labour. Now, with 2015 borrowing likely to exceed even the OBR's recent forecast of £75bn (4.3 per cent), the question voters will ask is "what was all the pain for?""