Industry was decimated over the same time period. No doubt due to the evil tories while they were in power, and due to some outside unstoppable force while labour were in power according to the resident disciples!
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(await the cries of it all being America's fault or whatever excuses)
2008 onwards is what happens when socialism runs out of money. It's where we are again, they didn't have an already healthy economy to ruin this time around, so they've got to their conclusion much faster.
The covid recovery was starting to happen, then along comes good old labour again.
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Sorry if it was too subtle for you, I was actually mocking your lack of understanding in suggesting that you might believe it's all imaginary!
From the forum point of view, you seem to be arguing with and contradicting, yourself.
The rest of us are well aware of national debt, public borrowing and spending. We know both g'ments have added to the debt. We know Labour did not invent it.
Is there any other pointless waffle you'd like to add?
So do you think the national debt can just carry on increasing? That appears to be the current policy.
If not then we need massive spending cuts that Labour can't do or huge tax rises that Labour's promised not to do.
If not then we need massive spending cuts that Labour can't do or huge tax rises that Labour's promised not to do.
I think it's a lot more nuanced than that. Budget deficits were very low for the first ten years of the Labour government. Then there was the Global Financial Crash, and after that the economy changed. It's the same pretty much all over the West and has nothing really to do with socialism. Should our country and all the others have realised that the pre-2007 economy was a mirage. Maybe so. But even the Tory opposition in those days was exhorting the Labour government to borrow more for public spending. Everyone seemed to think that the economy could continue like that indefinitely.
Brown and Blair were very cautious for their first term, they just followed the previous Tory plans, i.e. copied their homework. Then when they got re-elected (the first time ever for Labour I believe), they turned the taps on with Tax Credits and all kinds of spending.
You'd need to check how other countries handled 2008 to separate domestic from the world, I'm sure every other country didn't suffer as much as we did. I'd suggest that Labour unfairly got away with blaming the rest of the world. World events were the catalyst that brought about the crash that was waiting to happen.
You'd need to check how other countries handled 2008 to separate domestic from the world, I'm sure every other country didn't suffer as much as we did. I'd suggest that Labour unfairly got away with blaming the rest of the world. World events were the catalyst that brought about the crash that was waiting to happen.
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Go back and look at Thatcher policies.
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Ooh 2008.
(await the cries of it all being America's fault or whatever excuses)
2008 onwards is what happens when socialism runs out of money. It's where we are again, they didn't have an already healthy economy to ruin this time around, so they've got to their conclusion much faster.
The covid recovery was starting to happen, then along comes good old labour again.
What happened? Was it just the uk?
I suppose you're going to say some terrible tornado blew in from the USA and swept all our money away?
Other countries suffered, mostly to a lesser extent. We were already standing tip-toe on a high wire, we only needed any shock, this was the one that happened to hit us.
Northern Rock was the main trigger, which was definitely a home-grown problem caused by a lack of regulation on lending.
Regardless of what went before, things were in pretty good shape in 1997. Major was very responsible financially, just a shame about all that Maastricht madness, which thankfully we reversed in 2016.
You're on a roll today...
I guess you consider the loss of GDP growth and the £90bn loss of revenue each year directly due to brexit 'imaginary'
Try starting a thread for people who want to moan about Brexit if you like. Or add to the 1000s of others that have been side-tracked by it.I guess you consider the loss of GDP growth and the £90bn loss of revenue each year directly due to brexit 'imaginary'
In a nutshell, any figures are guesses, as there's no parallel universe where the UK didn't leave, lots of other things have gone on, mostly negative economically, including our massive debts. The research that squirted out whatever random number used some pretty creative analysis, involving slicing up allegedly comparable countries, somehow throwing everything into a bucket and stirring until they got a big negative number.
Also our governments since have been pretty bitter about the whole thing, haven't taken advantage of our new freedom and may have even deliberately scuppered our chances in the hope we return to their masters.
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Ivor don't bust a gut, the loonies will never go against what the Labour Party says. These same topics and the bizarre replies to them have been going on here for years. I can imagine Ellal at home with his poor wife: "Would you like a nice cup of tea Ellal?". Reply "WHAT ABOUT BREXIT AND 14 YEARS OF THE TORIES EH?"
All you need to know is that immigrants built Britain; there is no 3 trillion pound national debt; we have not had millions of immigrants forced on us; and we in Britain have always called Kiev Kyiv. All the graphs and links say so.
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