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Darling warns of toughest cuts for 20 years - The Times

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Comments

  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    InvescoPerpetual's guru, Neil Woodford, says there is a serious risk of the UK being downgraded by the ratings agencies, financial markets and currency dealers.

    It's not looking good.

    Let us hope his forecasting is as good this year as it was last year icon7.gif

    Ftse +22%

    Woodford fund +9.8%
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Sapphire
    Sapphire Posts: 4,269 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Debt-free and Proud!
    StevieJ wrote: »
    And the Tories aren't :confused:

    Although I agree with many of the points you make on this forum, I know you will always support labour, no matter what.

    As far as I am concerned, though, I know exactly what to expect from labour based on their performance over the last 15 years. They have proved themselves, and not in a good way, especially with regard to the economy, education and immigration. Other parties were not in government, and are therefore to an extent untested.

    This country desperately needs a change now – and I don't want to listen to six months' of parties sparring with each other, and trying to outdo each other in rhetoric. It is extremely irritating, distasteful and unnecessary.

    Often when I think of the labour party, and listen to its members speak, the image of a ship of fools, captained by the biggest fool, comes to mind. If members of the labour party can't even agree on their leader, what other issues do they disagree on (if they think about them at all outside fleecing taxpayers for personal gain)? :cool:
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Sapphire wrote: »
    Although I agree with many of the points you make on this forum, I know you will always support labour, no matter what.

    I don't vote Labour :p I will support them if I think what they are doing is correct.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Lance
    Lance Posts: 559 Forumite
    It is all very well waiting for the economy to recover but while we wait spending will continue at its deliberating high rate. As for this economic recovery I think we should have a national party when the 3 month rate hits 0.1% to show the recession is over. Any 'recovery' will be very minor and wiped out by spending cuts. Unemployment fell in November as the government hired 23,000 new civil servants so that looks a bit like a 'recovery' doesn't it.
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