News0 min ago
Labour Cannot Be Trusted With The Country’S Finances!
12 Answers
£47 billion – Average yearly rise in public sector debt under 13 years of Gordon Brown and Alistair Darling’s chancellorships.
£107 billion – Average yearly rise in public sector debt under five years of George Osborne’s chancellorship.
(Source: Private Eye Number Crunching)
£107 billion – Average yearly rise in public sector debt under five years of George Osborne’s chancellorship.
(Source: Private Eye Number Crunching)
Answers
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Yes, sorry- I meant to type Billion.
I was just checking which figures we were talking about, as even Osborn and Cameron have used the words deficit and debt interchangeably when they are very different.
This chart is good as it puts the current debt levels in context.
http://
The figures can show whatever you want:
- how low debt levels still are compared to historical levels
- how much they have gone up under Osborne,
- how the fastest rise occurred under Darling in 2009/10
- how the government should be making much deeper cuts to benefits, NHS spending, education, councils, aid, etc
I was just checking which figures we were talking about, as even Osborn and Cameron have used the words deficit and debt interchangeably when they are very different.
This chart is good as it puts the current debt levels in context.
http://
The figures can show whatever you want:
- how low debt levels still are compared to historical levels
- how much they have gone up under Osborne,
- how the fastest rise occurred under Darling in 2009/10
- how the government should be making much deeper cuts to benefits, NHS spending, education, councils, aid, etc
As usual, taking tiny random snippits of information an using it to extrapolate a political point is a pointless pastime.
You've clearly forgotten, Hymie, that Labour presided over relatively good economic times in the UK with a booming economy and hence bumper tax receipts. For me, they wasted it and blew billions on pathetic Blair-inspired projects that attempted to boost social infrastructure and payments.
A good try, but it doesn't change anything. Labour will screw it up again because these 'rich' they keep talking about can't possibly be soaked in taxes enough to support the vast welfare state this country is relying on. There aren't enough of them. The greater numbers in the ranks of the middle classes will end up paying.
People, on average, have come to expect too high expectations as to what the state can support them with. Its going to have to slow down across the board - maybe not as dramatically as the Greeks discovered (and some of them Lefties evidently still don't get it) but slow down it will after the next election. Pension, NHS, welfare payments, education - you name it the state can't afford the present level of money spent on it.
As you so rightly point out, the national debt is still not under control. Time for a bit more ' child poverty' instead of this bull about eliminating it.
You've clearly forgotten, Hymie, that Labour presided over relatively good economic times in the UK with a booming economy and hence bumper tax receipts. For me, they wasted it and blew billions on pathetic Blair-inspired projects that attempted to boost social infrastructure and payments.
A good try, but it doesn't change anything. Labour will screw it up again because these 'rich' they keep talking about can't possibly be soaked in taxes enough to support the vast welfare state this country is relying on. There aren't enough of them. The greater numbers in the ranks of the middle classes will end up paying.
People, on average, have come to expect too high expectations as to what the state can support them with. Its going to have to slow down across the board - maybe not as dramatically as the Greeks discovered (and some of them Lefties evidently still don't get it) but slow down it will after the next election. Pension, NHS, welfare payments, education - you name it the state can't afford the present level of money spent on it.
As you so rightly point out, the national debt is still not under control. Time for a bit more ' child poverty' instead of this bull about eliminating it.
bm - an excellent comment which I heartily agree with. As has been said elsewhere Labour failed to fix the roof while the sun was shining. Instead they went on an enormous spending spree (after all, Brown had ended "Tory boom and bust"!) & made the situation when the inevitable crash came much worse than it need have been.
The national debt is the elephant in the room which politicians don't talk about. It is now £1.5 trillion & interest charges alone are about £60 billion per year. They don't talk about it because they haven't a clue what to do about it. You need many many years of budget surpluses to bring it under some sort of control - & that means real austerity, far worse than anything that has happened in the last five years.
The national debt is the elephant in the room which politicians don't talk about. It is now £1.5 trillion & interest charges alone are about £60 billion per year. They don't talk about it because they haven't a clue what to do about it. You need many many years of budget surpluses to bring it under some sort of control - & that means real austerity, far worse than anything that has happened in the last five years.
Are there no Labour supporters on this site?
The following link makes interesting reading re the odds for next year’s General Election:-
http://
If the SNP wipe out Labour north of the boarder (which may well happen); then Labour to have an outright majority at 3½ to 1 would appear to flatter Mr. Milliband’s chances of becoming the next Primeminister.
Of course, it could just be that those good economic times were due to good governance by Mr Blair & co (but equally Labour must then take responsibility for the bad) - or you’ll be having us believe that the government has little or no control over the economy and therefore it does not matter who we vote for.
The following link makes interesting reading re the odds for next year’s General Election:-
http://
If the SNP wipe out Labour north of the boarder (which may well happen); then Labour to have an outright majority at 3½ to 1 would appear to flatter Mr. Milliband’s chances of becoming the next Primeminister.
Of course, it could just be that those good economic times were due to good governance by Mr Blair & co (but equally Labour must then take responsibility for the bad) - or you’ll be having us believe that the government has little or no control over the economy and therefore it does not matter who we vote for.
Hymie - the good times were primarily the result of the previous Conservative Gov't policies. In 1997 they handed over a good and improving economic state, which Labour didn't manage to do much to ruin in their first few years because they had promised to keep to the planned Conservative spending etc. policies. It was after that - mainly from 2001 on - that they showed their true colours & created the most gigantic boom & bust.
The present lot - Cameron & Osborne - are vey far from perfect but do you seriously think that putting the economy in the hands of Miliband & Balls would be an improvement? Remember the way they were always whinging on about how Osborne's policies were all wrong & he should be spending more, & only shut up about it when it turned out his policies were actually working.
The present lot - Cameron & Osborne - are vey far from perfect but do you seriously think that putting the economy in the hands of Miliband & Balls would be an improvement? Remember the way they were always whinging on about how Osborne's policies were all wrong & he should be spending more, & only shut up about it when it turned out his policies were actually working.
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