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Borrowing dulls the edge of husbandry.

Gordon Brown pays £2.7 billion to end 10p tax crisis - Times Online...
a desperate move to end the row over the abolition of the 10p rate that has brought Labour to its knees and left Gordon Brown fighting to survive.

Excuse me if I don't join in the general jubilation that accompanied this news, I'm sure I heard someone on ITN claiming it meant there will be no losers. And I hate to quibble with the headline writer but it isn't fricking Gordon who is paying it.

Now £120 in my pocket will be very welcome, but I could have got that by running up my credit card bill. But do you know what, I chose not to do that for one very good reason. A reason that the Times has uncovered after consulting some highly paid analysts:

Analysts pointed out that the further increase in borrowing would have to be paid for eventually by higher taxes or cuts in spending.

It's got to be paid back, with interest.

Combine that with Northern Crock and the other desperate bribes labour is handing out from our money and for how long will be paying for this discredited rump of a party?

From Shakespeare's Hamlet, 1603:

LORD POLONIUS:
Neither a borrower nor a lender be;
For loan oft loses both itself and friend,
And borrowing dulls the edge of husbandry.

Comments

Oh great, more stealth taxes in future. No doubt 'green taxes' will make up a large portion of this.

The Gord giveth, and the Gord taketh away...

This fcucking shower we used to call a government never ever give us anything back without cunningly taking more with the other hand while we're not looking.

Fucking media - This is for one year, it's unfunded, and will have to be paid back with interest. How can anyone think that's a good thing?

£120 - yes please.

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