They (the government) are not doing it. They are saying they are doing it but they are not. They are saving 1 billion pounds here or there but they are not doing what they really need to and I’m not sure the government would survive the kind of pain that is really required.
How can the UK ever repay the debt that is continually rising? The UK will need a bailout soon.
You have the advantage that your debt is longer term but let’s assume the government keep to these austerity plans or really put them in place people will start to complain…The government will begin to lose by-elections and the government could fall, then what? – in CNBC
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.