It has to be said that is one hell of a soundbite, and indeed David Cameron has a point.
Here is the scenario:
You work, you get given a tax cut. It will last one year or maybe two. Taxes will rise after that. What would you do?
What is more what will the money markets do? They will know that there will be but a temporary boost to the economy and crucially they will know that nothing is yet being done to solve the debt bubble both private and public that there is in the UK economy.
In short the markets will tank. They are currently in headless chicken mode already.
The BBC has this on the debate.
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Money market funds, also known as principal stability funds, seek to limit exposure to losses due to credit, market, and liquidity risks.Money market funds in the United States are regulated by the Securities and Exchange Commission's (SEC) Investment Company Act of 1940.
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adolfo
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