Alan Maynard
British Journal of Nursing, Vol. 18, Iss. 2, 22 Jan 2009, pp 78
Due to inadequate regulation of the banking sector, the credit base of most countries has been severely damaged. Current pessimistic forecasts indicate that this may cut national income by 5–10% in 2009. If this were to happen, this would mean either considerable unemployment and/or reductions in our incomes. Furthermore, while the Government can run a large budget deficit in the short-term to attempt to restore the economy, in time the deficit will have to be reduced by tax increases and public expenditure cuts.
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