Tuesday, June 22, 2010

BRITAIN'S PRIME MINISTER BUDGET CUTS AIMED AT DEBT REDUCTION COULD FURTHER DEPRESS THE CITIZENS.

Britain's Prime Minister David Cameron plan for the reduction of the debt by budget cuts, although it has been regarded as feasible, due to the predicted amount in budget cuts that has been ten times less, when compared to the neighbor's similar plan in cuts aimed at the reduction of Germany's deficit estimated at the amount of eighty billion euros over the next sixteen years. Its success could throw Britain in to domestic debt crisis, despite the European Union rotating financial package, due to Britain's present debt problems and growing deficit.
The question that remains to be answered has been: how depress would Britain's second upper, middle and lower classes be depressed than they may have been depressed at present, if he succeed in his plan aimed at debt reduction since Britain suffered growing debt condition at a diminishing growth rate?

Written by Godfrey Ohia.

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