About the article...

Long term cures must wait...
In the situation that all the economy in the world is in a serious sick condition, I agree with this statement for the UK economy. When there is a stock to solve a problem, people start to impute the blame to other people, in this case are Mr King, Mr Brown, Alistair Darling...Policies of the government cannot be useful due to the lacking in unifying policies between countries. Looking back to the past, when the Great Recession occur in 1929 in New York, each countries they had their own solution for dealing with this problem. And finally, all of them were falling down together. This is the lesson for this recession nowadays.


Each single action of UK likes keep cutting tax and interest rates seems to be not efficient. By cutting tax and interest rate, it may stimulate the consumer to borrow money to invest, boost the whole economy. But we have to know the situation of the economy now; investing in everything is riskier than keep money in a safe bank, even though the low interest rates. The price of house market is falling down, otherwise price of material for producing is rising, and spending money on investing may be not a good idea. The problem now is to break down the grid-lock situation between banks of countries, which made the economies become stock. All of us now are hoping for a negotiation which will provide corporately efficient solutions of countries together.