Whatever the result tomorrow, Cameron has to ditch Osborne FAST

Rochdale_Pioneers

Anyone else looking at Greece and seriously worried about a Tory government? Say what you like about Brown's economic record in the abstract, the facts are that we're not Greece. We're in lower debt than Europe, we're growing faster than Europe. Sure, we need to cut the deficit and its going to hurt, but we don't need to panic, we don't need to be pushed into it because we can't pay our bills, and we don't need a bail out.

Why then are the Tories discussing calling in the IMF this weekend? Anyone who thinks that the unions won't rise up against him en masse if he starts slashing jobs is deluded.

Thrugelmir

Rochdale_Pioneers wrote: »

Anyone else looking at Greece and seriously worried about a Tory government? Say what you like about Brown's economic record in the abstract, the facts are that we're not Greece. We're in lower debt than Europe, we're growing faster than Europe. Sure, we need to cut the deficit and its going to hurt, but we don't need to panic, we don't need to be pushed into it because we can't pay our bills, and we don't need a bail out.

Why then are the Tories discussing calling in the IMF this weekend? Anyone who thinks that the unions won't rise up against him en masse if he starts slashing jobs is deluded.

So what's Mr Brown up his sleeve?

We need Europe to grow or our export market isn't there. Domestic consumption will be curtailed by tax and debt.

Its not the level of debt we have, but the amount we have to borrow. If we can't borrow then we can't pay our bills. So don't rule out a bail out entirely. As in reality no one knows.

bigheadxx

Rochdale_Pioneers wrote: »

Anyone else looking at Greece and seriously worried about a Tory government? Say what you like about Brown's economic record in the abstract, the facts are that we're not Greece. We're in lower debt than Europe, we're growing faster than Europe. Sure, we need to cut the deficit and its going to hurt, but we don't need to panic, we don't need to be pushed into it because we can't pay our bills, and we don't need a bail out.

Why then are the Tories discussing calling in the IMF this weekend? Anyone who thinks that the unions won't rise up against him en masse if he starts slashing jobs is deluded.

We have less debt as % of GDP because of the policies followed in the 1980's and 1990's. We are growing marginally faster than Europe because we are in a different stage in the economic cycle, the same as was the case in the 1990's and because we have borrowed 167 BN and because of QE.

http://blogs.telegraph.co.uk/finance/edmundconway/100001403/britains-secret-weapon-against-a-fiscal-crisis/

The fact that UK bonds have an average longer maturity than other countries is part of the reason it is able to sustain a 12% borrowing requirement. It would be hard pressed to find much more than the £220 million net borrowing this year.

You can't cut the deficit without cutting jobs.

Entertainer

Rochdale_Pioneers wrote: »

Anyone else looking at Greece and seriously worried about a Tory government? Say what you like about Brown's economic record in the abstract, the facts are that we're not Greece. We're in lower debt than Europe, we're growing faster than Europe. Sure, we need to cut the deficit and its going to hurt, but we don't need to panic, we don't need to be pushed into it because we can't pay our bills, and we don't need a bail out.

Why then are the Tories discussing calling in the IMF this weekend? Anyone who thinks that the unions won't rise up against him en masse if he starts slashing jobs is deluded.

What? Debt has been around 40% of GDP for the last 30 years. How can he take credit for that?

PasturesNew

reduceditem wrote: »

He's your possible future Chancellor.

You should pray that never happens.

Why? Why pray that never happens? (genuinely have no idea)

I know s0d all about politics (or economics).... although I guess you all spotted that.

PasturesNew

carolt wrote: »

A good point. Would you entrust a 39 year-old history graduate with no financial qualifications or experience whatsoever to run any large company, let alone our country's finances?

It's bloody ludicrous.

With no financial qualifications, I couldn't even get an interview for a full-time book-keeping job at £14k/year.

carolt

Ah, but you could run the country's finances.

Apparently.

nickmason

Entertainer wrote: »

What? Debt has been around 40% of GDP for the last 30 years. How can he take credit for that?

http://www.ukpublicspending.co.uk/downchart_ukgs.php?year=1980_2011&view=1&expand=&units=p&fy=2010&chart=G0-total&bar=0&stack=1&size=m&color=c&title=UK%20National%20Debt%20As%20Percent%20Of%20GDP

In 2002 it was under 30%. Next year it's expected to be over 60%.

PasturesNew

carolt wrote: »

Ah, but you could run the country's finances.

Apparently.

No, I am not a toff....
The Old Boys' Network isn't recruiting my sort - and that's the recruitment agency they use.

lynzpower

Graham_Devon wrote: »

I liken him to Harriet Harman.

She's hardly said a word in the labour campaign. Simply, because she always makes a fool of herself when she does, so think she's been shut up in this one.

But to be fair to Osbourne, when talking about the campaign....Vince Cable hasn't been that vocal, and neither had Darling.

I saw her at the fawcett debate at the LSE the other day and to my mind she was absolutely superb.

For the first time ever I wished I lived in Camberwell and peckham.:o

I found her inspirational.

Vince cable has been all over London tv- he was on the news again tonight. Hes in his constituency too, like all MPs.

The cameras are following the leaders, theres no room for anyone else to get on national TV.