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Labour is right - IMF says we should abandon austerity measures
Seemingly agreeing with Labour that the austerity cuts introduced by the Coalition Government are harming the Economy and dragging us back into recession, the IMF is calling for them to be scrapped and for more stimulus money to be spent.
// The International Monetary Fund has called on the US and Europe to abandon fiscal austerity and switch to stimulus measures, warning that the global economy faces a "threatening downward spiral". //
http://www.telegraph....-downward-spiral.html
Labour have said we are trying to pay back our debts too quickly and that is causing too much unnecessary pain. The IMF agree. Can and should the Government change course, or would that be a U-turn too far?
// The International Monetary Fund has called on the US and Europe to abandon fiscal austerity and switch to stimulus measures, warning that the global economy faces a "threatening downward spiral". //
http://www.telegraph....-downward-spiral.html
Labour have said we are trying to pay back our debts too quickly and that is causing too much unnecessary pain. The IMF agree. Can and should the Government change course, or would that be a U-turn too far?
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Thing is its the ordinary people who suffer, but the rich who make the money when the economy recovers. I see oil, power and banks making huge profits but nothing being done to restrict prices.
Yes austerity is to hard lets tax the excess profits and leave public services alone, after the fats been cut.
Yes austerity is to hard lets tax the excess profits and leave public services alone, after the fats been cut.
Amazing what a change of leadership does
Only 3 months ago they were backing George Osbourne's austerity cuts.
http://www.guardian.c...conomy-george-osborne
I wonder if this is the start of a rocky relationship between Osbourne and Legarde
Only 3 months ago they were backing George Osbourne's austerity cuts.
http://www.guardian.c...conomy-george-osborne
I wonder if this is the start of a rocky relationship between Osbourne and Legarde
Sqad do you have an example of the fat? The right wing press keep telling us of these jobs, however I note that tory councils are having to make as many cuts as Labour, why? Surely they didn't encorage the fat. I love the way the right wing media keep talking about left wing conspiracies, whilst perpetuating thier own right wing agendas.
If you can convince the ordinary people that local services are excessive then you can make sure that private business remains in a postion to rip off the populace.
As for the banks they should have practiced what they preached 2 years ago ,though I know that it couldn't of happened because ordinary people would of lost homes and businesses, and let the fitest survive.
If you can convince the ordinary people that local services are excessive then you can make sure that private business remains in a postion to rip off the populace.
As for the banks they should have practiced what they preached 2 years ago ,though I know that it couldn't of happened because ordinary people would of lost homes and businesses, and let the fitest survive.
-- answer removed --
AOG
I think it is probably too late and the Economy in the US and Europe has already stalled.
The debt suits the Conservative's ideology because they have an excuse to cut the public sector. When we haven't had debts to payback in the past, Conservative Governments have cut the public sector. The idea is that private companies will do the work. The problem this though, is the banks will not lend private companies the money they need, so the private sector has stalled too.
It all points to a very bad year ahead of us.
I think it is probably too late and the Economy in the US and Europe has already stalled.
The debt suits the Conservative's ideology because they have an excuse to cut the public sector. When we haven't had debts to payback in the past, Conservative Governments have cut the public sector. The idea is that private companies will do the work. The problem this though, is the banks will not lend private companies the money they need, so the private sector has stalled too.
It all points to a very bad year ahead of us.
Dave....yes......just an example.....the NHS alone costing the country about £2-4 billion a year to finance....believe me there is quite a bit of "fat" in there.
Fine tax and hit the bankers bonuses, I have no problem with that,but that won't bring into the Treasury as much as you might think and the downside is, that they may well "bugger off " somewhere else. "Good" you might say, but that would be a considerable finacial loss to the UK.
Fine tax and hit the bankers bonuses, I have no problem with that,but that won't bring into the Treasury as much as you might think and the downside is, that they may well "bugger off " somewhere else. "Good" you might say, but that would be a considerable finacial loss to the UK.
Sqad
The problem with cutting the NHS is you are in effect saying axe a load of jobs. That wouldn't save that much money, and Government loses a lot of tax revenue, and the local economy loses people with disposable income so that has an effect on businesses and jobs locally. The result is you are still paying a lot but getting a greatly poorer service.
The problem with cutting the NHS is you are in effect saying axe a load of jobs. That wouldn't save that much money, and Government loses a lot of tax revenue, and the local economy loses people with disposable income so that has an effect on businesses and jobs locally. The result is you are still paying a lot but getting a greatly poorer service.
Gromit.....I understand and respect your logic, but I do not agree that the service need suffer, as in my opinion it is a wasteful and non cost effective service, not followed by any other country.
Can you still remember the flagship Labour Party war cry of the 70's and 80's, " The NHS the envy of the World"
We haven't seen that for a decade or two.
Before the election, both parties said that there would be deep cuts, the only difference being , the speed of cuts.
Can you still remember the flagship Labour Party war cry of the 70's and 80's, " The NHS the envy of the World"
We haven't seen that for a decade or two.
Before the election, both parties said that there would be deep cuts, the only difference being , the speed of cuts.
The trouble with sliming down the public sector is that it isn't such a 'win' as it is for a private company to shed staff and thus costs. If the public sector make folk redundant then it's likely to end up paying those without a job welfare anyway. The fact that it is a different budget is of interest to accountants who like such sleight of hand, but not so much to the tax payers who have to fund the reality.
Mmmm ... so why do banks have to either make huge losses or huge profits ? Can't they just make a reasonable profit instead ? Any more suggests someone somewhere is paying more than is fair to fund excessive gains by the banks.
Mmmm ... so why do banks have to either make huge losses or huge profits ? Can't they just make a reasonable profit instead ? Any more suggests someone somewhere is paying more than is fair to fund excessive gains by the banks.
sqad
From 2002 to 2009 the Labour Government invested heavily in the NHS, replacing dilapidated buildings, employing more doctors and nurses.
The Coalition Government's attempt to reform it so far, will cost even more and lead to a poorer service say health leaders.
http://www.telegraph....ns-nursing-chief.html
From 2002 to 2009 the Labour Government invested heavily in the NHS, replacing dilapidated buildings, employing more doctors and nurses.
The Coalition Government's attempt to reform it so far, will cost even more and lead to a poorer service say health leaders.
http://www.telegraph....ns-nursing-chief.html
Gromit...I agree the NHS is the "baby" of the Labour Party, they have always thrown money at it and doctors have always done better under a Labour Government.
Fine....if that is their choice of funding it, I have no objection...BUT we cannot afford to do it now and haven't been able to for the past 20years. Something has to change, the NHS cannot continue in it's present form. The BMA negotiated a deal with the Health Secretary(can't remember her name) which was beyond their wildest dreams......more pay for less hours........madness.
Fine....if that is their choice of funding it, I have no objection...BUT we cannot afford to do it now and haven't been able to for the past 20years. Something has to change, the NHS cannot continue in it's present form. The BMA negotiated a deal with the Health Secretary(can't remember her name) which was beyond their wildest dreams......more pay for less hours........madness.
There is more fat in the public sector than the public one?
No -
In the private sector it's just at the top
http://www.bbc.co.uk/news/business-14781254
Tob bosses salaries up 187% over the last 10 years
*with no corresponding increase in shareholder value*
Shareholders being pension funds for a lot of us!
No -
In the private sector it's just at the top
http://www.bbc.co.uk/news/business-14781254
Tob bosses salaries up 187% over the last 10 years
*with no corresponding increase in shareholder value*
Shareholders being pension funds for a lot of us!
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