El Cid Posted April 9, 2013 Share Posted April 9, 2013 Hi The Tories put it about, and the voters seem to take it in, that they are better with the economy. In 1976 Britain faced financial crisis. The Labour government was forced to apply to the International Monetary Fund (IMF) for a loan of nearly $4 billion. IMF negotiators insisted on deep cuts in public expenditure, greatly affecting economic and social policy. But $4 billion doesnt seem like a lot of money, Gordon Brown sold off some of our gold, that was worth around £2 billion. Didnt they have enough gold to sell back in 1976? http://static.guim.co.uk/sys-images/Guardian/Pix/pictures/2013/3/20/1363802502484/Deficits-by-chancellor-001.jpg If you look at the graph in the Guardian, in the 1990s the Tories were borrowing just as much as Labours Alistair Darling; but then it all went tits up. We dont seem to here much about, was it black Monday and Norman Lamont. Do we have a press that tells the truth? ---------- Post added 10-04-2013 at 09:04 ---------- Too much news around, so this news story is not on the BBC at the moment. http://www.standard.co.uk/business/business-news/bosses-enjoy-bonus-boom-as-pay-rises-15-in-the-last-year-8566721.html Chief executives enjoyed a 15.8% increase in their salaries in the past year, largely made up of bonuses, research by the Chartered Institute of Management (CIM) revealed. Average pay rose by only 3.5%, public sector increases in April ranged from 2.9% for teachers in England and Wales to 4% for local government workers in Scotland. http://www.dailymail.co.uk/news/article-178479/Average-pay-rises-jump-3-5.html Link to comment Share on other sites More sharing options...
truman Posted April 10, 2013 Share Posted April 10, 2013 Hi The Tories put it about, and the voters seem to take it in, that they are better with the economy. In 1976 Britain faced financial crisis. The Labour government was forced to apply to the International Monetary Fund (IMF) for a loan of nearly $4 billion. IMF negotiators insisted on deep cuts in public expenditure, greatly affecting economic and social policy. But $4 billion doesnt seem like a lot of money, Gordon Brown sold off some of our gold, that was worth around £2 billion. Didnt they have enough gold to sell back in 1976? http://static.guim.co.uk/sys-images/Guardian/Pix/pictures/2013/3/20/1363802502484/Deficits-by-chancellor-001.jpg If you look at the graph in the Guardian, in the 1990s the Tories were borrowing just as much as Labours Alistair Darling; but then it all went tits up. We dont seem to here much about, was it black Monday and Norman Lamont. Do we have a press that tells the truth? ---------- Post added 10-04-2013 at 09:04 ---------- Too much news around, so this news story is not on the BBC at the moment. http://www.standard.co.uk/business/business-news/bosses-enjoy-bonus-boom-as-pay-rises-15-in-the-last-year-8566721.html Chief executives enjoyed a 15.8% increase in their salaries in the past year, largely made up of bonuses, research by the Chartered Institute of Management (CIM) revealed. Average pay rose by only 3.5%, public sector increases in April ranged from 2.9% for teachers in England and Wales to 4% for local government workers in Scotland. http://www.dailymail.co.uk/news/article-178479/Average-pay-rises-jump-3-5.html The 4 billion in '76 would be about 16 billion today.. Link to comment Share on other sites More sharing options...
Vague_Boy Posted April 10, 2013 Share Posted April 10, 2013 The 4 billion in '76 would be about 16 billion today.. More like £28.32 billion Historic Inflation Calculator We've had 608% worth of of inflation since 1976. Link to comment Share on other sites More sharing options...
truman Posted April 10, 2013 Share Posted April 10, 2013 More like £28.32 billion Historic Inflation Calculator We've had 608% worth of of inflation since 1976. Fair do's ..I used this.. http://www.davemanuel.com/inflation-calculator.php Link to comment Share on other sites More sharing options...
Mecky Posted April 10, 2013 Share Posted April 10, 2013 The tories borrowed more 2.5 years of government than Labour did under 3 terms of government Link to comment Share on other sites More sharing options...
MrSmith Posted April 10, 2013 Share Posted April 10, 2013 The tories borrowed more 2.5 years of government than Labour did under 3 terms of government Yep, because of labour’s incompetent policies, Joe public also needs to borrow 3 times more to buy an house, than they had to borrow before Brown was given control of the economy. Their policies have made life in Britain more expensive. Link to comment Share on other sites More sharing options...
Mecky Posted April 10, 2013 Share Posted April 10, 2013 Yep, because of labour’s incompetent policies, Joe public also needs to borrow 3 times more to buy an house, than they had to borrow before Brown was given control of the economy. Their policies have made life in Britain more expensive. If people weren't so greedy, a practice promoted under conservatism, why house prices be so expensive? And who deregulated the banks in the first place which lead to gazzumping in the 1980s and other dodgy practices? Link to comment Share on other sites More sharing options...
MrSmith Posted April 10, 2013 Share Posted April 10, 2013 If people weren't so greedy, a practice promoted under conservatism, why house prices be so expensive? And who deregulated the banks in the first place which lead to gazzumping in the 1980s and other dodgy practices? Which political party doesn't have greedy politicians, which union doesn't have greedy leaders, which country doesn't have greedy peoples? Greed is a human survival mechanism and when there isn’t enough to go around people will get greedier. Link to comment Share on other sites More sharing options...
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