Shocking budget and a decade of pain

It's been in the news for the last few months that Labour's uselessness during the good times has meant the piggy bank is empty now the bad times have hit, but today the BBC are reporting that we're in for almost a decade of fiscal pain, and that "it would be 2032 before government debt returned to the level of 40% of GDP that had been Mr Brown's target."

Thank you Labour.

Yesterday's budget was a travesty for anyone trying to eek out a living in this country with beer going up, petrol going up and even personal income tax going up, with a new 50% tax bracket. Of course, the rich are rich for a reason and this new 50% bracket is likely to cause more problems than it'll solve. As the Beeb points out (rather obviously):

"...if some rich people chose to leave the country and spend less in the UK, that would also lower tax receipts in other areas, such as VAT receipts, perhaps by as much as £1.5bn."

Makes me wonder who let these goons in charge of the empty piggy bank in the first place. I think news like what we received today is proof enough that the UK is now not the place it once was. With the country in such disarray financially, there's going to be all sorts of cuts to public spending as well, to make up for the horrific mess we're in.

Time to dust off my passport and get the hell out of dodge while my pounds are still worth something.