Originally Posted by mucgoo
2.5 years isn't very long on an economic time-scale.
They have made a lot of decisions over the last 2.5 years that will affect the country for many years to come. The economic forecasts are made many years into the future and look very grim indeed. The worst thing is when we compare earlier forecasts with the current they all turn out to be optimistic.
What people don't realise is that we haven't seen the worst of it yet. The cuts will really start to bite over the next 2 years.