Wherever you look, the outlook is bad. The national debt is actually larger than it seems at first… The government has undertaken immense and totally unfunded pension obligations towards public sector workers, who have been granted a tremendous privilege by comparison with net-tax-payers who have to fund their own pensions. The public service workers will almost certainly fight tooth and nail to preserve these privileges, if necessary at the expense of the services they are supposed to provide (in fact it is already happening, with strikes looming), and so the seeds of civil unrest, discord and even war have been sown. At the very least we are returning to the pre-Thatcher days.
Writing in the Australian, Dalrymple continues his warnings of potential fiscal and economic collapse in Britain, including the possibility of additional civil unrest:
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