Will the Change in Economic Leadership Lead to Economic Stability?

Gordon Brown seems to be presiding over one of Britain’s worst financial disasters of this generation. The country’s Prime Minister is now a fading figure who has made many promises but failed to deliver them on various occasions.

With the current elections round the corner, and him facing stiff competition from conservative party counterpart, David Cameron, it seems like a tough bet for him to get his reign back.

In the recent years, UK has seen severe job cuts, increasing unemployment which has caused unrest among British citizens. Huge influx of immigrants especially from South East Asia has caused the loss of many jobs for the local population. With rising taxes, the British economy is crumbling under the acute pressure of inflation and needs a complete overhaul.

David Cameron seems to be the “hope” that the British economy might be looking for. His promises display tremendous amounts of reforms targeted towards the country’s economic interests. In the final election debate that was held yesterday, he not only impressed the audience with a strong speech and a confident approach towards his agenda, he exhibited a very strong understanding of the financial crisis and emerged a much stronger candidate compared to Labour Party’s Nick Clegg.

Our current economy is facing tremendous amounts of ups and downs thanks to the recession. Statistics state that, since the recession, the gross GDP increased by a meager 0.4% which later came down to 0.2%. There couldn’t have been a better time for the elections to come up with different parties claiming or rather throwing vague promises about how they will uplift the current economic situation. The current Prime Minister and Labour Party’s representative Gordon Brown says that he would not rest till he stabilizes the economy and ensures proper growth especially in the segments of manufacturing and employment. The public however is not too confident about his word considering that Britain is suffering a massive ₤163 billion deficit. The Labour party seems to be having a pretty bad record when it comes to handling the economy as was seen in the past when the chancellor Reginald Maudling left Downing Street in 1964 and openly stated how sorry he was to be leaving economy in such a pathetic condition.

On the other hand the conservative party, who also promised plenty of new policies which would lead to job security actually worked on the contrary when many stores and hospitals were shut down in 1990.

As it can be seen from these election debates, it would be hard to elect one of these parties, but as far as I am concerned, I would just like to see the day when policies are made not just for the benefit of the rich and the greedy, but also for the general public.

[Image courtesy: http://longhairedcynic.files.wordpress.com/2009/05/cameron1.jpg]

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