Spend now and you'll pay later

PUBLISHED: 09:33 03 December 2008 | UPDATED: 22:43 15 June 2010

On Monday last week, Brown and Darling increased borrowing and the National Debt to astronomical figures while bringing in trivial temporary tax cuts to be paid for in future years by designated tax increases in later years by the already over-taxed citiz

On Monday last week, Brown and Darling increased borrowing and the National Debt to astronomical figures while bringing in trivial temporary tax cuts to be paid for in future years by designated tax increases in later years by the already over-taxed citizen and after the next General Election. We are now in the worst economic situation of my lifetime. The other times were also under Labour.To combat this situation all the major parties are studiously ignoring an obvious solution, ie. withdrawal from the European Union. This would immediately save at least 12 billion pounds or more per year, £62 billion in five years, going a huge way to cutting the national overdraft. A recent authoritative report has calculated if British business were free of the oppressive rules and regulations imposed on us by the EU, GDP would rise by two per cent - enough to take the country out of recession.We are now seeing local firms going to the wall - a disaster for this area with its lack of employment diversity. The 'credit crunch' should not have happened, if you 'spend, spend and waste now' you will 'pay and pay later'.Jeremy Allison UKIP Axe ValleyWessiters, Seaton


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