George Osborne does not have at least one reason for cheer has announced plans for more than their university programs, students have to wait for brass hats fighters and fork out once more commuters will be their season tickets only.
Street protests in France, the United States will increase by Tea Party, Double diplomatic crisis in Ireland to speculate whether the Euro will remain in Greece, the first global crisis The governments of the world grappled with aftershocks since 1930.
The fall of 2008, the banking system is almost the death of a collective response to policy-makers in the dust of his General Theory of Keynes and to allow copies of exploding the deficit down.
Two years later, the opposite is yanked into a special vote of the Government tax return to orthodoxy.
Osborne will tell the Parliament that the hard way, but it is inevitable: an alternative, he said that Andrew ends of the MARI is a risk of "failure". Keynesian, Nobel Prize laureate Joseph Stiglitz, a written commitment to today's Guardian that the British acquired a bad cut.
Worrying is that the Vice Chancellor and comprehensive spending review (CSR) is evidence of slowdown coming. Unemployment, output growth in the second quarter of production - - Looking back we all want to see indicators of a strong, but events of the next survey softened much since the summer.
Consumer and business confidence are weak, real estate market in the first phase of the work of diplomatic double-high-street spending has started to support the back.
Banks still not lending, Osborne and light, and the reduction of public sector companies in the private room to breathe for two years and will be the opposite is true: the public sector for sustainable private sector. Now more than 500,000 jobs have flowed in the public sector to come to parliament for a week, the Coalition's commitment is more than would be offset by hiring the private sector by the Spree.
Social responsibility of the state selected in the beginning of the second phase of this strategy. The first thing that all the incoming administration's last record a lot of garbage. Now bad news out Fast Lane, so we should look healthy runup in the upcoming elections, opening the possibility of tax cuts has won several voice calls.
The third phase of economic balance away from the public and private debt and investment and export dependence from the road. In fact, this amount is probably the best and fingers crossed.
Osborne is accused of his work it is difficult to gauge the role of Europe in May, when the Liberal Democrats as well as events of the week to promote the work of formation of the government and the Conservatives are the general election after the debate. British political vacuum, but Greece in Euro Zone, the most serious threat to global economic crisis since 2008, because the bank in front of Meltdown.
If not and there are significant differences between the Greek and English languages. Britain did not have a black hole size of the budget and debt maturities of about lying - time to pay more than the government bond owners - the longest in the world. Tax shock for the treatment of other countries - - is not decisive, very, United Kingdom, Greece and Ireland, and its currency float freely.
However, Chord message begins with the public. Alan Johnson, the rector of shadows, the first major speech this week, said: "The Government proposes the budget deficit can not avoid the truth really urgent and vice versa, and the budget deficit is very important in order to avoid .. but not wrong."
Johnson is not the truth is some argument. Approximately £ 40 billion - before the financial crisis, structural budget deficits in England reached 2.5% cent.
That there are some modest tax cuts and deficit spending will increase growth, but the length and severity of the recession is really time hole in public finances.
Problems of political work, but acknowledged the need to cut the election on the ground to fight Tories will be elected for the first time since 1992.
Voters, at least, but could not find any serious damage, or less than the number of stages in an attempt to nuances. Penny believes that the opposition in the coming months to reduce the impact of drop.
Authorities say it may be appropriate short-term political hits - electoral mauling in the spring of next year - as the next general election prospects bright. But what is the largest budget of the Institute of Fiscal Studies called the tightening by the fall of popularity since 1945 is only temporary.
John Redwood is right to challenge the assessment of IFS. Public expenditure in the form of cash have a right to claim still more, and despite the fact that inflation was adjusted with, look into the reduction of spending relative ease. General program at the end of 2014-15, public spending part of the economy even more than 40% of GDP in 2007-08, and only returned to the financial crisis in the first place.
But this does not give the complete picture. First of all, the post-war period was a tendency to increase public spending, but spending fell short squeeze every five years early. On the other hand, inflation trends in the public sector into a pencil Treasury plan, more than 2% of the draft NHS, for example, want the loss of new and expensive treatment is required.
Finally, Mike Devereux of the Oxford University Centre for Business Taxation will appear as the most public expenditure in the chancellor's office will be spared an ax, too weak, leaving the rest of the series.
Public expenditure is divided into two parts: the operational costs of the current government expenditures such as salaries and equipment, capital and new roads, railways, bridges and school spending. 2010-11 financial year, capital expenditure is currently expected to cost between £ 60bn and £ 637bn of this.
£ 637bn spending bill is divided into two parts: £ 343bn treasury, such as services and the Department of Defense and the £ 295bn annual cost of management (Ame), assigned individual ministries and government expenditures went to pay, including pension and health care from the state. Osborne did not cut the welfare payments of several considerations - the advantage, which means the children of analysis - but much, all the debt and interest payments increase rapidly, because the loan has increased by three years.
Osborne was caused by Whitehall departments to set their sights. Here, though, photography was ringfence NHS spending and cost-thirds of all departmental reports of difficult decisions.
Department for International Development budget is much smaller and easier to try in school and at one and the same commitment to the Armed Forces (adjusted for inflation) real cut 20% or more of the other affected departments and between the end of the Parliament.
Canada, the deficit moztekoak by the child to leave the value of touch, when he said, in 1990, the program is not, and there is no view and you think Osborne would be the same as those on benefits.
Britain, Canada, to reduce the deficit to a combination of strong growth records hardline imitation is still visible. During the 1990 IT-based world economy experienced a long rise in South Canada and powerful neighbor. At the end of 2010, were not signs of flagging, and the global recovery, not only here, it is necessary to try to fix the International Monetary Fund said that "fiscal consolidation" of all member countries and the developed countries to begin no more than 2011 products, including 1.25% of total amount.
Have joined the other U.S. deficit, but the second package of incentives to encourage moztekoak Obama is expected to see the various Congress scotched.
In all countries, the IMF warned last month to try to cut the budget deficit, even with tax cuts and increased spending would be a deflationary effect magnified. In the framework of the country in order to be considered as a general delay presented.
In England, they do not, Osborne has eaten humble pie, as necessary, and also supports the work to get carefully, and made the back pain is a strong economy was sure to get that.
As a result, the government is completely dependent on the Bank of England will contribute to growth by creating electronic money - see full as possible - shock therapy to accelerate the economic slide back into recession.