Thursday, 29 December 2011

UK in Global Chart Slump

The UK economy has now dropped to 7th in the world after being overtaken by Brazil.

Another of the things I've been banging on about is the UK actually taking notice of their place in the world and cutting their cloth accordingly. Our economy is on the way down and we need to plan our finances on that future prospect and plan forward, not hanging on to the glory of the past.

In the end, if we continue expenditure at the same rate as before, all we end up with is a lot of debt and a shrinking economy unable to pay it off. A bit like the scenario we're already in, in fact.

Time to face reality and time once and for all for the UK to reinvent itself.

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