In the immortal words of Peter Griffin from Family Guy, "Sweet, I'm getting a Audi", of course in the episode, Peter wasn't getting a Audi, but a severe audit from the IRS.
Yesterday our Chancellor George Osborne didn't really need his flak jacket on, with the UK's GDP figures at 0,3%, not the best GDP figures in the world and lets face it we could do better. It's not too long now until the IMF will decide to audit our economy, it would seem that the Austerity Measures or the speed of these Austerity Measures are what are hampering growth for us, did George cut too fast and too deep?
It would seem George might have and let's have look at why this has happened, it stems from a disease that is going through our politicians of having a one track mind a delusion that something bad will happen if we don't keep cutting. Nothing will actually happen if we slow down the rate of cuts, it would take a lot to send the country bankrupt and let's face it the last government tried this and we were flexible enough to bounce back.
Yesterday's figures showed that mining was a key industry, but the mining companies don't actually have to rely on the UK's economy for their own growth and profits, they can use several markets to make their money.
Does our economy need a audit from the IMF, I would say it does and George Osborne needs to listen to people and not those who can curry his favour with flashy events, George Osborne should also take himself away from the FTSE 100 and FTSE 250, the companies on those two markets don't actually have to rely on the UK economy to profit and grow, the companies listed on both indexes tend to trade on multiple markets.
However the FTSE A-Z generally has a lot more companies that are UK based and it might be worthwhile promoting this market for growth and investment, the companies listed on the FTSE A-Z are far more likely to create jobs when they're profiting and are more likely to expand their business, after all they want to be listed on the FTSE 100 and 250 one day, as the FTSE 100 and 250 are a measurement of the top performing 100 and top 250 companies in the UK.
