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  The Eurozone is having a world wide impact and as they are our major trading partner we are more severely affected than others.
  
  Nobody is denying the austerity measures Gary. The reason for these is the enormous deficit the UK started the recession with. If we had some sensible economic management we would not have had a deficit in 2007 when the slowdown started and austerity measures would not be necessary. The economic effect of not cutting excessive revenue spending would be more damaging than cutting given the starting point we were at. Would you really like interest rates to be shooting up and capital to be feeing the UK as is happening in other countries that went spending mad when they should have closed their deficits?
  
  Tell me - in what part of the economic cycle should deficits ideally be closed? If that is not done then what are we left in? The brown stuff is the answer which is the position we were in due to economic mismanagement by 'I banned boom and bust' Brown.

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