What do you mean by SOME people? The quote says ' british homeowners have seen their mortgage repayments drop since the recession kicked in'. Are you suggesting this is not true? (hint:it is true)
and 'losing 100,000 jobs in a 30million job economy is little more than a statisitical error,'. Are you saying this is false? (hint:it is true)
and 'he claimed that angst over the Cuts was misguided, well as there aren't going to be any cuts -.... he's correct, gov't spending is actually increasing year on year.' I'm not sure this is an exact quote of what he said, but are you disagreeing that it is factually correct? (hint: it is)
a lot of people are in considerably difficulty at the present time through no fault of their own and the government has made massive cuts to public spending and capital projects which will affect most, if not all, of us
Yes, Im sure they are. But happily a lot more are not in difficulties right now. So on balance, Young would be right to say most are doing pretty well. The cuts will affect us all, but this is still one of the wealthiest countries in the world. We are stunningly rich by both world and historical standards. We are not doing so well as Germany, but better than Ireland, which has slipped from best country in the world to live to merely 5th place. Incidentally, the UK is 26th. Germany 10 and US 4. The numbers suggest that money is not the most important issue.(http://hdr.undp.org/en/media/HDR_2010_EN_Complete.pdf}
No, the dire predictions for the UK have not yet arrived. Current government spending levels have staved off the effects of the recession for the moment as they were intended to do. So people have not felt an effect. There may yet be one. The property crash hasnt happened yet. It might. it might not. It will not help to prevent it if we do not accept that what young said is correct. This country has been held back from the Irish abyss by low interest rates. Opinion is divided over whether government cutbacks have boosted the irish recession, and over whether government continuing to spend has held off economic collapse in the UK.