UK’s Osborne Proposing Budget Cuts, But Still to Have Structural Deficits

Palace of Westminster in London

Another austerity budget has been proposed for the UK:

29 November 2011

George Osborne: Public sector pay rises capped at 1%…

Mr Osborne also confirmed that UK economic growth would be lower, and borrowing higher, than was forecast during the Budget in March…

He said borrowing was falling and debt would come down but “not as quickly as we wished”. In 2011-12 it is now forecast at £127bn – up from £122bn forecast in the Budget – £120bn in 2012-13, £100bn in 2013-14 and £79bn in 2014-15…

The chancellor conceded he would not be able to meet his aim of eliminating the structural deficit and to see national debt falling by 2014/15 – a year ahead of target – because “that headroom has now disappeared”. http://www.bbc.co.uk/news/uk-politics-15931086

Austerity programs have also been proposed for countries in Europe that use the Euro. The economic situation in the European Union is currently a bit tense. There will likely be more civil unrest and protests, and perhaps riots and civil war.

The fact that debt is still expected in the UK should be of no surprise to regular readers of this page. On June 22, 2010, I posted:

But, I suspect that the United Kingdom will have various compromises, and will still end up with having too much debt. (see UK Proposing Budget Cuts and Tax Increases)

And that appears to be what has been happening. The United Kingdom may also have other internal and external problems to make this worse than Chancellor Osborne seems to currently believe.

Some articles of possibly related interest may include:

Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, British, Scottish, Welsh, Australians, Anglo-Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo nations? Why might God allow them to be punished first?
Will the Anglo-Nations be Divided and Have People Taken as Slaves? Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What about Jerusalem? What does Bible prophecy teach? Are there non-biblical prophecies that support this idea? Who will divide those lands? Who will end up with the lands and the people?
Canada in Prophecy: What Does Bible Prophecy, Catholic Prophecy, and other Predictions Suggest About the Future of Canada? There are prophecies that suggest involvement with Canada. And many are not positive about its future.
Who is the King of the West? Why is there no End-Time King of the West in Bible Prophecy? Is the United States the King of the West?
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Is Tony Blair Apocalyptic? The former Prime Minister of the United Kingdom converted to Catholicism shortly after leaving his office and has been active in European affairs. What role might he play?