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  What so many of you people ignore are the well documented and highly specific errors made by governments that have created the current problems. There is no real mystery to what has gone wrong. Among these and without being specific to the UK are:
  ... The Euro which is not only jts dragging down the Eurozone but is a real a present danger to the world economy
  ... High spending, big government - living on deficits combined with high taxes that suck the life-blood from the wealth creating sector.
  ... Red tape and idiotic rules that damage the competitive edge of our businesses, raising costs and making it more difficult to compete with the more thrusting economies.
  
  Not all governments behaved this way and those governments are not in the mess we are in.
  
  Canada for instance - it was 1990 when they made massive real cuts to public spending when their economy was heading downhill fast along with significant supply side reforms such as I have been talking about. Their reforms have served them well.
  
  You can also look to many Far Eastern economies as well.
  
  The solution is quite clear.
  
  The private sector needs to be allowed to do its job, taxes need cutting, supply-side reform needs to de-risk and reduce the costs of employing people. Simple, low flat taxes need to be introduced to encourage wealth creators and generate growth. Governments must be shrunk back and need to constrain their spending to half what it is now in the UK at a maximum of 30% of GDP. Welfarism must end, no-one should ever expect to be financially comfortable on state welfare only and need to make their own provision. The State should restrict itself only to providing a safety net for people.
  
  This is the only way to get a more sustainable working economy.
  
  So yes - the economy is not working and the old big government ways are not working and we do need to change. You are certainly right in that.

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