Its quite straight forward Verbal; we cannot continue to borrow £150b+ a year, we cannot thus afford some of the things we would like to have. What we can do is try to attract as much private business into our country - you know Verbal they are the ones that pay the bills. Look at Ireland, Greece, Portugal and you will realise that if we do not do something somebody will do it for us.
It may come as a surprise to you but we live in a global martketplace.