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Posts Tagged ‘David Cameron’

The UK Takes a “Hard Road to a Better Future”

Posted by Larry Doyle on October 20th, 2010 8:47 AM |

The United Kingdom may be our closest political ally but in terms of financial paths, our friends across the pond are taking a decidedly different tact in terms of addressing their mountainous fiscal deficit. Today’s news that the UK will undertake real fiscal austerity was a foregone conclusion with the election of new Prime Minister David Cameron this past May. That said, the reality of the news does pack a wallop when contrasted to the deficit spending here in the United States. For details on the UK’s renewed sense of austerity, let’s review The WSJ’s U.K. Treasury Chief Details Spending Cuts:

U.K. Chancellor of the Exchequer George Osborne laid out sweeping spending cuts Wednesday, sticking to the timetable for paring back the budget deficit that he unveiled in June. (more…)

Brits Teach America Lesson on Credibility and Transparency

Posted by Larry Doyle on June 14th, 2010 2:25 PM |

Spending money one does not have and making promises one can not keep is no way to run a business let alone a country.

The changing of the guard at 10 Downing Street has also brought about a change in the willingness of the British government to face these realities. The reality of the British economy may not be pretty but it is real and it will not change based purely upon false hope and government artifice.

The Financial Times highlights the ‘tough love’ and ‘financial rigor’ that the regime of new British Prime Minister David Cameron is serving the British populace. (more…)

Barack Obama vs. David Cameron

Posted by Larry Doyle on June 8th, 2010 12:15 PM |

Is Barack Obama listening to the political winds blowing across Europe? With European central bankers turning away from ongoing fiscal stimulus in an attempt to avert a sovereign currency crisis, political leaders in Europe are singing from the same sheet of music. If you don’t think so, let’s listen to the recently elected British Prime Minister David Cameron. What does Cameron have to say? The Financial Times sheds real insights into the future for the UK in writing, Cameron Warns on Impact of Cuts:

David Cameron, Britain’s prime minister, yesterday put the country on notice that his plan to cut the £156bn deficit would have “enormous implications”, warning that public sector pay, pensions and state benefits would all face cuts.

Mr Cameron’s new coalition government has prioritised deficit reduction and is preparing Britain for what is expected to be a bruising “emergency Budget” on June 22. The prime minister said the cuts would hit “every single person in our country”.

What does Barack think about that? (more…)

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