The Labour Party. All discussion here please

Or why the National debt has doubled under the Tories...

Because Labour screwed the economy into the ground.

Next foolish question.

Or why the National debt has doubled under the Tories...

It could easily have trebled or more, if the Coalition had not taken a (small) axe to Labour's preceding spending commitments, as soon as it got hold of the tiller in 2010.

The analogy between a national economy and a supertanker still holds, in reply to that old soundbite of yours, Anna: it takes a long while to slow it down and turning it around.

We got off lucky and lightly.

 

It could easily have trebled or more, if the Coalition had not taken a (small) axe to Labour's preceding spending commitments, as soon as it got hold of the tiller in 2010.

 

The analogy between a national economy and a supertanker still holds, in reply to that old soundbite of yours, Anna: it takes a long while to slow it down and turning it around.

it's a bit like a motorway pile up where folk blame the emergency crews for the carnage and the time it takes to clear up the mess rather that the idiots who were still doing 90mph an hour after the fog came down.

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it's a bit like a motorway pile up where folk blame the emergency crews for the carnage and the time it takes to clear up the mess rather that the idiots who were still doing 90mph an hour after the fog came down.

Whatever... It's been discussed a thousand times. We're never going to agree.

I've finally got round to watching the full length Jeremy Corbyn speech to the 2015 Labour party conference. It's really very good. You should watch it.

the Tories thought it was a good speech too. So good, that it has helped to make Corbyn the least popular new Labour leader ever.

Whatever... It's been discussed a thousand times. We're never going to agree.

This is certainly true.

This is why I gave up partisan support for any political party.

It makes you ignore the errors committed by "your lot" and lambaste the opposition, even if they're doing the very same thing as your party.

Crash Gordon was running record deficits before the financial crisis [LINK]

Gorge Osborne has doubled the nation debt [LINK]

Prudence McRuin used to go on a lot about, well, prudence. George Osborne said in the run up to the 2010 general election:

...unless the government tackled huge public debt, it could derail the economic recovery.

 

We need to tackle the deficit so that our debt repayments don't spiral out of control.

LINK

Sounds rather hollow now doesn't it?

I wouldn't buy a used car from either of them.

Because of the deficit created by Labour.

Poor argument. He missed his reduction target and borrowed £250bn more than he expected to.

If he hadn't missed his target the debt would not have doubled.

At least you admit he did double the debt which is a start at least.

---------- Post added 06-10-2015 at 08:06 ----------

We got off lucky and lightly.

 

It could easily have trebled or more, if the Coalition had not taken a (small) axe to Labour's preceding spending commitments, as soon as it got hold of the tiller in 2010.

 

The analogy between a national economy and a supertanker still holds, in reply to that old soundbite of yours, Anna: it takes a long while to slow it down and turning it around.

Another poor argument. The deficit in 2009-10 was not caused by spending commitments. Labour never at any point had planned spending commitments of £160bn above revenue.

Poor argument. He missed his reduction target and borrowed £250bn more than he expected to.

 

If he hadn't missed his target the debt would not have doubled.

 

At least you admit he did double the debt which is a start at least.

 

---------- Post added 06-10-2015 at 08:06 ----------

 

 

Another poor argument. The deficit in 2009-10 was not caused by spending commitments. Labour never at any point had planned spending commitments of £160bn above revenue.

it is good that you carry on with this nonsense. it was a line labour took into the last election and it cost them dear.

i never tire of watching this clip. we will probably see something similar in 2020 a week before labour lose the next election.:hihi:

Poor argument. He missed his reduction target and borrowed £250bn more than he expected to.

 

If he hadn't missed his target the debt would not have doubled.

 

At least you admit he did double the debt which is a start at least.

There is nothing to admit, the debt is a function of the deficit. It is just a boring fact.

The only way to reduce the deficit faster is to cut government spending harder and reduce more services and the number of public sector workers. I have mixed views about that but is that what you advocate?

Another poor argument. The deficit in 2009-10 was not caused by spending commitments. Labour never at any point had planned spending commitments of £160bn above revenue.

The deficit in 2009-2010 was fully in line with Labour's deficit-based spending pattern and commitments, all the way back since 1997.

Its level in 2009/10 was attributable to a failure to curb this pattern at any previous time (the UK was running a 33bn deficit for 2007/08, and budgeted to increase to 43bn the next year) compounded by a monumental failure to consider, never mind allow for, falling tax revenues (long predicted by economists, including those commissioned by the Gvt itself and studiously ignored).

In fact, as the 2009 budget shows, what actually happened is that the Treasury’s own projections for the tax take plummeted. They had expected growth in revenue, but in fact they got a collapse. By 2009/10 they were taking in about £112 billion less than they had expected to. And that’s why they needed to borrow so much. Yes, spending went up a bit. But really, they just had a lot less income than they had planned for.

The words you're looking for are 'failure', 'organise', 'pss up' and 'brewery'.