British Conservatives Already Abandoning Promises?

There's no doubt that conservative British voters carried the day at recent elections, and promises by conservatives to their constituency seems to already be ignored, as the one of the ways they're agreeing to handle the enormous debt of the country is to raise taxes.

While the news they're going to cut government expenditures are welcome, to include the added tax burden definitely isn't, and is a compromise with the Liberal Democrat ministers, who are evidently the impetus behind the tax increases.

The country is also going to print more money in order to devalue it to increase exports, while keeping interest rates down, which will help the process.

George Osborne, the youngest Chancellor of the Exchequer, has already agreed to tough leftist Liberal Democrat tax increases, something that is incredulous in times like these.

A policy of focusing on exports through currency devaluation of course results in hurting the domestic economy, where consumer prices will rise because of the growing cost of imports, which also will hurt businesses who have to respond by raising prices to the degree that consumers will hold back on spending to buy only the necessities so they can make it.

While it's understandable that a coalition government has to make some compromises on both sides, raising taxes should have been one of those compromises that never should have been made, as it's one of the strengths of any alleged conservative platform.

Other comments from the new economic team imply Britain is actually in far worst debt than thought, which could cause a lot of foreign investors to refrain from buying British bonds. That could trigger higher yields for bonds, which may cause a domino effect across a number of sectors of the economy, causing inflationary pressures which would hurt everyone.

Britain is in for a world of hurt because of this misguided move toward increased taxation, and implementing it, while focusing primarily on the export industry will skew the economics of country, and will lead to unexpected consequences, as they always do when politicians meddle where they need to stay out of.

The best thing that could have been done would have been to cut the tax burden for everyone in order to spur investments and spending; evidently something even alleged conservative politicians find too hard to fathom doing.