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Der Spiegel: The UK "A Prayer from the Death Bed"
Comments
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:rotfl:
Look at you lot, bickering like toddlers.
Both parties are only interested in getting elected. Neither will do anything to jeapordise that.
On most issues, there's barely a gnats pube between them.
And in all issues, they are limited in what they can do by not p1ssing off the voters too much so as to get re-elected.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Everyone who earns and pays tax will feel the cost over years to come.
This is a fact we all know.
What we don't know is how much comparison we can draw on with the past.
We now have to compete with strong emerging economies.
We have elaborate accounting mechanisms and global movement of money, all allowing companies to minimise the corporation tax they pay.
We have an energy challenge to address.
We have to diversify the economy to avoid a future banking crisis.
These and other reasons are why I don't feel we can be complacent.
But.....I think it can be done; if everyone is forced to contribute. Right now, I think some of us are picking up too much of the tab, and it sucks.0 -
It seems a little incomplete to have an economic history of that period that fails to mention the IMF (who were effectively dictating fiscal and monetary policy) and the Winter of Discontent which in the end showed how and why the post war economic policies of successive Labour governments were failures.
Blimey, and there was I thinking the 20th Century was the Tory century.
What's that ? Labour were only in power for 8 years between 1951 and 1976 when the IMF were called in.
Perhaps the militant tendency infiltrated the Tory party as well.
*I know, I know, all those years of Tory Government don't count because they didn't follow the true Tory path.US housing: it's not a bubble
Moneyweek, December 20050 -
The IMF was doing quite well, I think you mean.
The IMF was only called in because Labour was struggling trying to get the economy in order after 5 years of Ted Heath and his confrontations with the unions (3 day week etc).'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 Thatcher0 -
So who is? Labour? :eek: Lib Dems? :eek:
Don't know! write to Der Spiegel and ask them
as they appear to the font of all knowledge. '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 Thatcher0 -
It seems a little incomplete to have an economic history of that period that fails to mention the IMF (who were effectively dictating fiscal and monetary policy) and the Winter of Discontent which in the end showed how and why the post war economic policies of successive Labour governments were failures.
Refer post above It was the Tory govt that caused most of the damage in early to mid 80's. '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 Thatcher0 -
Refer post above It was the Tory govt that caused most of the damage in early to mid 80's.
Which bit, the bit that ended with the IMF or the Winter of Discontent bit?
To put it differently, which of the Wilson/Callaghan policies do you support from:
- Incomes policy
- Nationalised industries against which it is illegal for the private sector to compete
- Capital controls (ie can only take money out of the country if the Government says you can)
- Fixed exchange rates
- Closed shop (ie can only work in a company whether publiclt or privately owned if a member of the union)
- Top rate of income tax 83%
That was pretty much the extent of Labour economic policy for the period AIUI.
To be fair, Heath was a screw up too but Super Mac did ok. He was popular enough to keep getting re-elected and from recollection he presided over a period of steady growth with low inflation, high employment and rising incomes.0 -
The IMF was only called in because Labour was struggling trying to get the economy in order after 5 years of Ted Heath and his confrontations with the unions (3 day week etc).
The IMF were called in because we were broke. We had public expenditure in excess of 60% of GDP, we were taxed to death and the Labour govt still had to borrow 10 bill a year. Basically just like now massive taxes, massive spending and massive borrowing. Deja Vu.0 -
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The IMF were called in because we were broke. We had public expenditure in excess of 60% of GDP, we were taxed to death and the Labour govt still had to borrow 10 bill a year. Basically just like now massive taxes, massive spending and massive borrowing. Deja Vu.
In which year was this please ?US housing: it's not a bubble
Moneyweek, December 20050
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