UK announced a major cut on govt spending since WW2 so as to avoid UK from being bankrupt due to high budget deficit, avoid double dip recession, lower inflation and attract investment. On the flipside about 500,000 jobs will be lost, expenditure on welfare will be further reduced and some towns and businesses that depend on govt expenditure will be run down.
I want an opinion from you guys on this with relation to our economy and nse as i think it will have an impact on the tourism and housing sectors...
'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary