The Polls - Labour Lead At 14 - Is It The Economy?

BertieUK

Thrugelmir wrote: »

When did the elected Government of the day become accountable for the actions of the Civil Service?

I was always under the impression that ...

...Civil servants are servants of the Crown. For all practical purposes the Crown in this context means and is represented by the Government of the day...

..so please correct me if I am wrong as this is my assumption.

jonewer

ILW wrote: »

What good would it have done? Kept a few thousand in work building rubbish cars that nobody wanted to buy.

Jaguar Landrover doing well though once the unions had been defeated

In 2001, the Korean government bailed out Hyundai. What good did that do?

Well, they're now one of the world's largest car manufacturers. Perhaps if our government had taken care of our industries when they needed it, they would still be producing jobs and revenue when we need them.

Thrugelmir

LauraW10 wrote: »

The current government are cutting spending (maybe) but they are also stifling growth. No growth means no tax receipts - which means bigger debts - bigger than a country would have had. That's why austerity doesn't work - it's a death spiral.

How is the Government stifling growth. Name a specific industry or sector of commerce?

jonewer

Thrugelmir wrote: »

How is the Government stifling growth. Name a specific industry or sector of commerce?

More than that, the government isnt even cutting spending!

Thrugelmir

BACKFRMTHEEDGE wrote: »

1)Thatcher and her cronies reduced this country to rubble in the 18 years they were in power

Red Robbo start of the end of the British car industry.....

Scargill .............

Did they have the country's interests at heart?

Selectively rewriting history is misleading.

Thrugelmir

StevieJ wrote: »

I am saying that debt has increased by £360 billion in two years of Tory govt against £450 billion in thirteen years of Labour, now check that statement below again.

Makes a good sound bite. Explain why if you can.

StevieJ

Eellogofusciouhipoppokunu wrote: »

Yes, and we rue the day that you found us. It's a shame you didn't remain on Discussion Time, your pollution dissipated within a larger pond.

Someone sent me a private message saying that he was just as bad on DT and they were glad to see the back of him, I didn't reply

LauraW10

Thrugelmir wrote: »

How is the Government stifling growth. Name a specific industry or sector of commerce?

By crushing business and consumer confidence for starters...

But also by not doing things to promote growth such as the following:-

First, the government could consider credibly temporary fiscal expansion. The obvious policy instruments for this are higher public investment and tax cuts, particularly cuts that are likely to be spent at once. Yes, this means more borrowing. But the government can reasonably argue that with such a weak economy, but cyclically-adjusted net borrowing forecast at only 3 per cent this year, it has given itself the room to delay tightening. This will lead to cries that credibility would be utterly destroyed. On the contrary, with the lowest long-term interest rates in UK history, it is the weakness of the economy that is, alas, all too credible. The case for temporary increases in borrowing is very strong. Moreover, the promise to tighten further in the next parliament is barely credible, since a parliament cannot bind its successor. But what the government can do is leave a strong economy. Nothing could do more to make consolidation credible.


Second, the arrival of a new governor of the Bank of England is the ideal time to consider a change in the monetary framework. Possibilities would be either targeting of nominal GDP, with an increase of, say, 5 per cent a year for the next five years; a move to targeting domestic inflation, perhaps with a target of 4 per cent for nominal earnings; or even an exchange rate ceiling against the euro, as practised by the Swiss.
Third, the banking industry is far more constrained than most people initially believed. It is essential to find ways of recognising losses and recapitalising banks, without shrinking balance sheets further. Again, the government can borrow the money needed for such purposes.


Finally, the government needs to tackle structural obstacles to growth. Policies that both promote demand and expand supply would be ideal.

http://www.ft.com/cms/s/0/cb107fa2-3a5c-11e2-baac-00144feabdc0.html#axzz2EOH5RqoQ

What do you think the government should do?

StevieJ

Thrugelmir wrote: »

Makes a good sound bite. Explain why if you can.

Exactly what am I explaining?

StevieJ

Thrugelmir wrote: »

Red Robbo start of the end of the British car industry.....

Scargill .............

Did they have the country's interests at heart?

Selectively rewriting history is misleading.

From what I can remember, Scargill's forecasts all came to pass, strenuously denied by the govt at the time.