Urquhart Stewart: Time for an 'Austerity Bond'?

As the Government begins to outline its plans to cut the UK's burgeoning budget deficit, 7IM founder Justin Urquhart Stewart provides some novel ideas to rally the masses.

We all know the bad news is coming. The budget of 22nd of June is unlikely to be pleasant either reading or listening for any of us. However the new Government has for the moment the brief period before the halo of honeymoon popularity fades all too quickly. Already, apart from the backfiring joke from the previous 1st Secretary of the Treasury that there was no cash left, the blame is inevitably being cast at the previous lot. Well that is to be expected and is understandable, but merely blaming someone else is not going to solve the problem. Now is the time for some forceful l...