The next Tory recession?

[Obelix]

Just carry on attacking Labour, I do my best to remain neutral and say what I think.

 

Still waiting for your proof come on where is it?

[Alan Ladd]

It's on Osborne's watch just like 2008 was on Brown's watch.

 

If its handled badly he's to blame.

 

He's probably gonna regret doubling the national debt pretty soon, after 5 years of spending money like it grew on trees.

 

Reckoning time.

 

what utter bilge, nonsnsical to the point of stupidity. Go and find a bigger bomb to ban.

[El Cid]

I will thanks.

 

If a Conservative shadow chancellor is capable of creating a recession by saying bad things about the state of the economy and/or public finances. How is it that a Labour shadow chancellor cannot do the same?

 

Just as the CBI are always positive, because it can make a difference, the thrust of the Tory election campaign was that the economy was knackered, but not quite as bad as Greece.

But I guess that will what Labour and co will be saying in 2015?

[unbeliever]

Just as the CBI are always positive, because it can make a difference, the thrust of the Tory election campaign was that the economy was knackered, but not quite as bad as Greece.

But I guess that will what Labour and co will be saying in 2015?

 

If a Conservative shadow chancellor is capable of creating a recession by saying bad things about the state of the economy and/or public finances. How is it that a Labour shadow chancellor cannot do the same despite his best efforts?

Edited August 26, 2015 by unbeliever

[I1L2T3]

what utter bilge, nonsnsical to the point of stupidity. Go and find a bigger bomb to ban.

 

We'll see who is right.

 

There is no argument that Osborne has doubled the national debt. And if we are heading into another global crisis he, and the rest of us, are going to regret the fact he's doubled the national debt

 

In many ways we're in a far worse place than 2008. We can't cut interest rates. The debt burden is at record levels having been doubled in just 5 years. All we can do is print money.

[WiseOwl182]

We'll see who is right.

 

There is no argument that Osborne has doubled the national debt. And if we are heading into another global crisis he, and the rest of us, are going to regret the fact he's doubled the national debt

 

In many ways we're in a far worse place than 2008. We can't cut interest rates. The debt burden is at record levels having been doubled in just 5 years. All we can do is print money.

 

You do understand how national debt works, don't you? If you run a budget deficit, national debt can only increase. Labour left a huge budget deficit in 2010. The only way for debt to have not increased since then would have been an overnight reversal of the deficit. If you think we have seen austerity, imagine what that would have been like. The deficit is halved after 5 years and still falling.

[unbeliever]

We'll see who is right.

 

There is no argument that Osborne has doubled the national debt. And if we are heading into another global crisis he, and the rest of us, are going to regret the fact he's doubled the national debt

 

In many ways we're in a far worse place than 2008. We can't cut interest rates. The debt burden is at record levels having been doubled in just 5 years. All we can do is print money.

 

What are you suggesting should have happened? Genuine question.

Should the deficit have been immediately eliminated in 2010 by drastic cuts in public spending?

[drummonds]

We'll see who is right.

 

There is no argument that Osborne has doubled the national debt. And if we are heading into another global crisis he, and the rest of us, are going to regret the fact he's doubled the national debt

 

In many ways we're in a far worse place than 2008. We can't cut interest rates. The debt burden is at record levels having been doubled in just 5 years. All we can do is print money.

 

indeed he has. that is because of the spending commitments from labour a decade back. there were a million more public sector workers on the payroll in 2010 than there were in 1997. we couldn't afford to keep them. labour planned to keep them and increase spending. osborne planned to reduce spending. so our overspend (deficit) is now half what it was in 2010. our debt level was planned to be higher if brown had won in 2010 and miliband in 2015. but you knew that all along. fortunately so did the voters.

 

http://www.telegraph.co.uk/finance/economics/11752768/UK-deficit-at-lowest-in-seven-years-as-tax-receipts-grow.html

 

UK deficit at lowest in seven years as tax receipts grow

 

Government borrowing last month hit its lowest level for any June since 2008, as the state's books were improved by record-breaking tax receipts.

 

A jump in receipts increased the Government's total tax take to £11.5bn in June, the highest level since records began in 1997. The amount was boosted by a hefty rise in corporation tax, which grew by 13.9pc compared with the same month a year earlier, also hitting a record high.

 

Strength in the labour market has led to high employment rates and stronger wage growth, also increasing the tax take. Annual growth in tax receipts of 4.4pc in June slightly exceeded the OBR's forecast for a 4.1pc rise.

 

Improvements in revenues meant that the deficit dropped to its lowest level in seven years this June. Public sector borrowing, excluding public sector banks, fell to £9.4bn, £0.8bn lower than a year earlier, according to the Office for National Statistics.

Edited August 27, 2015 by drummonds

[El Cid]

Improvements in revenues meant that the deficit dropped to its lowest level in seven years this June. Public sector borrowing, excluding public sector banks, fell to £9.4bn, £0.8bn lower than a year earlier, according to the Office for National Statistics.

 

Which is what most people want to see. But the rich are getting richer and the poor poorer.

Social care and education spending has been reduced, we all accept that times are not so good because we are paying our way, the Tories are not playing fair.

 

http://www.independent.co.uk/news/uk/home-news/britains-divided-decade-the-rich-are-64-richer-than-before-the-recessionwhile-the-poor-are-57-poorer-10097038.html

[Obelix]

Which is what most people want to see. But the rich are getting richer and the poor poorer.

Social care and education spending has been reduced, we all accept that times are not so good because we are paying our way, the Tories are not playing fair.

 

http://www.independent.co.uk/news/uk/home-news/britains-divided-decade-the-rich-are-64-richer-than-before-the-recessionwhile-the-poor-are-57-poorer-10097038.html

 

They are not though. The Gini coefficient has been falling in the UK for some time now....

 

And still waiting your proof old chap. So come on where is it?

 

---------- Post added 27-08-2015 at 09:49 ----------

 

We'll see who is right.

 

There is no argument that Osborne has doubled the national debt. And if we are heading into another global crisis he, and the rest of us, are going to regret the fact he's doubled the national debt

 

In many ways we're in a far worse place than 2008. We can't cut interest rates. The debt burden is at record levels having been doubled in just 5 years. All we can do is print money.

 

QE has been explained to you already as to why it's not printing money but weasel words are all I expect from you these days.

 

We have a growing economy more people than ever before in work. We are in surplus for July for example...

 

Debt burden is not at record levels - it's been way way higher in the past.

 

But it's high you are right.

 

When are you and the other Labour apologists going to apologise to the country for the fact it's that high?

 

When are you going to apologise for the fact that your party took us into a couple of disastrous wars?

 

When are you going to apologise for stuffing the country by buying votes?

 

Until you do don't expect anyone else to satisfy your requests for the old sack cloth and ashes routine.