— David Kuo is a director at the financial Web site The Motley Fool. The views expressed are his own. —
The Great Debate UK
from UK News:
By clamping down on credit, Britain's newly cautious banks are making collapse almost inevitable for many small to medium enterprise (SMEs) who need a financial cushion now, more than ever, as suppliers and customers struggle to pay bills as the economic downturn bites.
* Ian Kessler is a reader in employment relations at Said Business School at the University of Oxford. The views expressed are his own *
–Vincent Cable is Deputy Leader of Britain’s Liberal Democrats. He is a former economist who is also the party’s spokesman on economics and finance. The views expressed are his own. —
Roger Bootle is economic adviser to Deloitte. The views expressed are his own.
The Chancellor was right to try to give some help to the economy but, while the scale of the increase in future borrowing is huge, the economic effect of the reduction in VAT will be tiny.
The Chancellor was right to inject this extra money into the economy. We welcome the significant extra cash that he has put into the pockets of low and medium paid workers, and the extra help for pensioners. The new Ofgem probe into energy prices has the potential to reduce fuel bills if pursued with vigour.