Proportion of national income in an irrelevance...

We live in a Globalised world in which companies can move instantly. Probably why Britain and Europe's share of world GDP continues to plummet with ever higher tax rates. Quite frankly if you think there is an equivalence between spending money to win a war in the past and ever increasing pension and welfare liabilities in today's World then I would check your own economic illiteracy, before making sarky comments... Current deficits are unsustainable, just as our ever rising debt is... Or perhaps you've missed the whole turmoil in Europe thing?

Posted By: POA, Jun 25, 15:50:55