So Where Did all the Money Go?

Tweedledum and Tweedledee

There has recently been two rather good articles in London’s free evening paper. Firstly the brilliant Anthony Hilton: Sacrifice is needed to stop this slide into poorer times

“So where did all the money go? If Thatcher really did change the British economy for the better, how come the generation that spent most time working in it is worse off than the generation earlier, which had to make its way in the 1960s and 1970s?”

Then  a report on a warning from the Institute for Public Policy Research –  Debt warning over economic recovery – Politics – News – London Evening Standard:

“This year will be the 30th straight year in which the UK has recorded a deficit on its current account balance. This is a sign that there is a fundamental flaw in the UK’s economic model.”

30 years ago was of course 1983/4. It is not hard join the dots.

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