Blog about the upcoming food shortage crisis

Everybody throws stones at the prophet, but when the crisis comes they yell: “Why nobody warned us?”

Budget at a glance

Today is the budget day as the country gets a pen and piece of paper (or a Pocket PC and a stylus) to get their spending and budget together. Alaistor Darling has tried to please everybody by increasing welfare, home buyers program, social services and construction industry spending. Government has approved the construction of the Crossrail to connect the City and Heathrow, but MPs are still unsure what to do about the Non-Doms (international, non-domicile workers) To tax or not to tax?

Alcohol and tobacco levies are increasing to tackle drinkers and smokers. Government will also run a new scheme to encourage unemployed to get new jobs. Cars with low carbon emission will be freed from the road tax, however the heavy polluters will have to shell out huge sums of money in taxes. More houses will be built and to make the people even happier government plans to increase the defence spending.

Economy is expected to slow down the growth in 2008 but to recover at 2009. This point makes me wonder whether Fed, which has injected about 130 bn pounds in the economy to fuel growth, or UK government are aware of the thing called economy cycles. Economy moves up and down every 70-75 years and it has been more than 70 years since the Great Depression in 1930s, when the farmers rushed into the cities, tackled by the “credit crunch”.

For more information please visit:

a) FT.com

b) Times Online

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March 12, 2008 - Posted by | Uncategorized

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