Tuesday, 25 November 2008

Simonne on spending our way out of recession

Is it me, or does anyone else find it rather ironic that the government will be borrowing extortionate sums to reduce VAT to encourage us to spend. Just as we get to grips with having to spend less and paying off our debts, we’re encouraged to spend more. Seems like we’re not learning good money-habits from the people that look after the country’s purse-strings!


1 comment:

  1. Simonne, you're right to be sceptical. A survey by Populus has just shown that most people will take the Chanceller's bit of VAT saving and use it to pay off debt, or simply squirrel it away. Only 18% said they'd spend more. Or that's what they say...


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