F. Sidebottom Posted August 9, 2011 Share Posted August 9, 2011 Labour tripled the national debt in 13 years. Where would we be now if we'd carried on like that? Link to comment Share on other sites More sharing options...
atticus Posted August 9, 2011 Share Posted August 9, 2011 Labour tripled the national debt in 13 years. Where would we be now if we'd carried on like that? The national debt is still increasing under the tories and will continue to do so. The problem is not the debt but the lack of growth to pay the debt. Link to comment Share on other sites More sharing options...
Mecky Posted August 9, 2011 Share Posted August 9, 2011 Labour tripled the national debt in 13 years. Where would we be now if we'd carried on like that? And this thread is not about Labour policies it is about Tory policies so I suggest you stay on topic. If you want to to talk about Labour policies I suggest you start a thread. Link to comment Share on other sites More sharing options...
I1L2T3 Posted August 9, 2011 Share Posted August 9, 2011 Labour tripled the national debt in 13 years. Where would we be now if we'd carried on like that? Facile argument. Between 2000 and 2008 the national debt grew from 35% to 38%. The real increase came from 2008 onwards, dealing with the impact of the global financial crisis. The only way to get out of debt is to grow the economy. Fact. The coalition has thrown growth into reverse. Link to comment Share on other sites More sharing options...
I1L2T3 Posted August 9, 2011 Share Posted August 9, 2011 Don't be silly, it was only a worldwide problem when Labour where in power and how could they be at fault. Now that the Tory's are in Government it's suddenly not a worldwide problem and all the Tories fault. Hmmm. We did have some unusually warm weather in April. We mustn't forget that. Link to comment Share on other sites More sharing options...
Doingalright Posted August 9, 2011 Share Posted August 9, 2011 UK manufacturing fall adds to market turmoil • Shock 0.4% decline in factory production in June • Car production suffers 1.7% fall • FTSE down 2% on news and debt crises • UK trade gap rises to £8.87bn http://www.guardian.co.uk/business/2011/aug/09/uk-manufacturing-fall-adds-market-turmoil Those of us who warned the reelection of a Tory Govt would lead to economic ruin for many, like back in the '80's look like we were right as the Cons do what they do best, wreck the economy. The coalition are making all the right moves but its early days yet. By the way, what do you think that enlarging the(unproductive)public sector and at the same time strangling entrepreneurialism with red tape doing for the economy? Link to comment Share on other sites More sharing options...
Smithster Posted August 9, 2011 Share Posted August 9, 2011 The national debt is still increasing under the tories and will continue to do so. The problem is not the debt but the lack of growth to pay the debt. Indeed. So do you think we would be better off if we carried on borrowing more and increasing the deficit further in order to spend on the public sector, as was Labour's policy? Link to comment Share on other sites More sharing options...
Doingalright Posted August 9, 2011 Share Posted August 9, 2011 Indeed. So do you think we would be better off if we carried on borrowing more and increasing the deficit further in order to spend on the public sector, as was Labour's policy? Labour really are the enemy within, its nothing to do with incompetance, they know what they're doing, they were attempting to bankrupt the country. Link to comment Share on other sites More sharing options...
I1L2T3 Posted August 9, 2011 Share Posted August 9, 2011 Indeed. So do you think we would be better off if we carried on borrowing more and increasing the deficit further in order to spend on the public sector, as was Labour's policy? If the economy had continued to grow at the rate it did when it came out of recession then we would be a lot better off now. The coalition has wasted a year of potential growth, destroyed business confidence, destroyed consumer confidence, killed the housing market, trashed manufacturing & construction, trashed retail, widened the trade gap, done nothing to stop jobs leaking offshore and done nothing to stop the import of foreign workers into the UK. And to cap it off, despite all their crowing about Labour PFI, the coalition have a whole load of new PFI deals lined up behind the scenes despite annual PFI annual charges having increasing by 6-7% since 2008 And they've done absolutely nothing to prevent another banking crisis from wiping us out again - a key thing they had to change if they want to seriously claim the moral high ground. As it is they are quite literally trashing the economy. A complete and utter mess. Link to comment Share on other sites More sharing options...
RootsBooster Posted August 9, 2011 Share Posted August 9, 2011 What's to become of the economy after the riots? There's going to be huge insurance claims and job losses. Link to comment Share on other sites More sharing options...
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