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Labour seen as more competent
Comments
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Interesting graph.
Conservatives in power until 97. Labour from 97 running smaller average deficits until 08/09 coinciding with global issues.
No real surplus by either party by either party.
I am sure there are other statistics that will paint totally different pictures."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
grizzly1911 wrote: »Interesting graph.
Conservatives in power until 97. Labour from 97 running smaller average deficits until 08/09 coinciding with global issues.
No real surplus by either party by either party.
I am sure there are other statistics that will paint totally different pictures.
national debt...Tory..
http://www.ukpublicspending.co.uk/spending_chart_1978_1998UKb_11c1li011mcn_G0t
Labour..
http://www.ukpublicspending.co.uk/spending_chart_1998_2010UKb_11c1li011mcn_G0t0 -
grizzly1911 wrote: »Labour from 97 running smaller average deficits until 08/09 coinciding with global issues.
Tax revenues boosted by unsustainable contribution from Financial Services and property activity.
Revenue lost permanently after crash of 2008. Expenditure cut backs will therefore have to be real not just gimmicks.
Hence why accumulated deficit is now ballooning rapidly upwards.
Next election is going to be interesting. As may well be a £40 - £50 billion hole that will still need to be plugged. Now that's going to be austerity in the truest sense of the word.
There's no quick fixes. As many assume to be the case.0 -
Tory increase 4.45 x in 20 years
Labour increase 2.15x in 10 years up to crisis
Any PI adjusted?"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
HAMISH_MCTAVISH wrote: »A third of which the government pays to itself.
Can you expand ?"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
That doesn't include the personal debt that was encouraged to increase state taxes, or the complete destruction of the nations finances by similar behaviour in regulating and oversight of the banks. Or complete lack of.
And let's not pretend that this complete lack of regulation didn't suit the labour government. You only need to see the collapse in tax receipts post credit crunch to realise why things were the way they were.0 -
That doesn't include the personal debt that was encouraged to increase state taxes, or the complete destruction of the nations finances by similar behaviour in regulating and oversight of the banks.
Or PFI - one of the biggest swindles of them all! All that lovely 'investment' (NuLabSpeak) conveniently off the balance sheet.0 -
grizzly1911 wrote: »Tory increase 4.45 x in 20 years
Labour increase 2.15x in 10 years up to crisis
Any PI adjusted?
http://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/8709598/Government-must-count-35bn-in-PFI-debt.html
So we have both parties adding to the national debt and both hardly running a balanced budget....ones as bad as the other..
I'll predict the parting shot before the next election...the tax allowance will be £10,000 and the higher rate of tax 40% wether the deficit is reduced or not...0 -
Guess who started the ball rolling?
"Alistair Darling , warned that "apparent savings now could be countered by the formidable commitment on revenue expenditure in years to come".[6] Nonetheless, the Treasury considered the scheme advantageous and pushed Tony Blair's Labour government to adopt it after the 1997 General Election. Two months after the party took office, the Health Secretary, Alan Milburn, announced that "when there is a limited amount of public-sector capital available, as there is, it's PFI or bust".[6]Proponents of the PFI include the World Bank, IMF and (in the UK) the CBI.[8]
Both Conservative and Labour governments have sought to justify PFI on the practical[9] grounds that the private sector is better at delivering services than the public sector."
wiki
Colour coded as a clue.
I guess the private sector couldn't resist a gold plated quick buck."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Brought in by John Major in 1992 as far as I know....must have had the idea of using it I'm guessing as he would have just added a few billion onto general spending otherwise..0
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