Just to show all Labour MP's are not cynical

Jonbvn

The election is over.

Time for labour to start work on their "Wilderness Years" books.

robin_banks

dealsearcher wrote: »

The evidence so far is that they are doing pretty well.

Compiled by David 'man of honour' Laws ?.

Generali

Rochdale_Pioneers wrote: »

...growth is higher than forecast.

Wrong!

http://www.telegraph.co.uk/finance/financetopics/budget/7826135/Budget-2010-Office-for-Budget-Responsibilty-cuts-forecasts-for-economy.html

The economy will grow 2.6 per cent in 2011 - slower than the 3.25 per cent predicted by Alistair Darling in March- the newly created Office for Budget Responsibility (OBR) said.




The figures appear to vindicate David Cameron's claims that the previous Government had underplayed the true scale of the economic problems facing the country.

Alan_Cross

kennyboy66 wrote: »

http://www.ft.com/cms/s/0/ac04b1c8-75a1-11df-86c4-00144feabdc0.html


"Alistair Darling hid “good news” on the deficit from Gordon Brown until the day before his final Budget, just weeks ahead of the election, in a move that in effect left a £7bn present for his Conservative successor"

In fairness, probably a fair bit of spin going on, but the ex Marxist Darling played a blinder with the hand he was dealt.

Probably says all we need to know about what a disaster Ed Balls would be if he made it to Labour leader (and god forbid PM in 5 years time).

Just to show you that pretty well all right wingers on MSE ARE cynical.

Degenerate

Generali wrote: »

Wrong!

http://www.telegraph.co.uk/finance/financetopics/budget/7826135/Budget-2010-Office-for-Budget-Responsibilty-cuts-forecasts-for-economy.html

Double wrong! That's not a growth figure, it's a forecast by the ConDems newly appointed budget guru of the growth he expects their policies to produce in 2011.

Darling's forecast for 2011 was based on the outcome of Labour economic policy, so it's not wrong, it's simply inapplicable.

The actual ONS figures for Q1 growth under Labour have recently been revised upwards.

StevieJ

Generali wrote: »

Wrong!

http://www.telegraph.co.uk/finance/financetopics/budget/7826135/Budget-2010-Office-for-Budget-Responsibilty-cuts-forecasts-for-economy.html

The figures appear to vindicate David Cameron's claims that the previous Government had underplayed the true scale of the economic problems facing the country.

Interesting

June 14 (Bloomberg) -- Britain’s budget deficit will narrow more than expected even as the economy grows more slowly than the previous government forecast, the U.K.’s new fiscal watchdog said in a report prepared for the June 22 emergency budget.

kennyboy66_2

StevieJ wrote: »

Interesting

On hindsight it would appear that Darling "kitchen sinked" his deficit forecasts, to make sure that any surprises were on the favourable side.

Ironic that the Tories will be the beneficiaries in a political sense, although how they can make "scorched earth" claims & "things worse than they thought" with a straight face is beyond me.

kennyboy66_2

Generali wrote: »

Wrong!

http://www.telegraph.co.uk/finance/financetopics/budget/7826135/Budget-2010-Office-for-Budget-Responsibilty-cuts-forecasts-for-economy.html

I guess that he meant that 2010 growth was likely to be higher than forecast, but fair to say that 2011 onwards looked a bit of a stretch.