This week the Coalition Government were forced to deliver the toughest Budget package of spending cuts and tax increases in a generation.  It’s no wonder that people are concerned about the affect it may have on them. 

 

But it seems to me that the measures are tough, but unavoidable.  It would have been irresponsible to avoid taking action to close the massive whole in public finances and reduce the enormous burden of debt left by the previous Labour Government.  Unless the government took concrete measures to tackle debt, the consequences would be higher interest rates, more business failures, sharper rises in unemployment and a potentially catastrophic loss of confidence and the end of the recovery.

 

Times will be tough but it seems our Government is determined to get Britain back on a stable economic footing - a stability that will show overseas organizations and businesses that Britain is open for business once again.

 

We’ll all be analyzing the direct impact on our own pockets, but I am reassured that the least well off will be shouldering less of the burden. 

 

Whether we like it or not, we’re all in this together and must pay for Labour’s recklessness and economic failure.  I certainly hope that the measures announced this week are the first step in rebuilding our economy.