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

Thrugelmir

LauraW10 wrote: »

By crushing business and consumer confidence for starters...

That's a sweeping statement. May surprise you that in day to day business the matter of "politics" has little bearing.

Consumers are in debt. Net consumer debt rose by around £420 billion between 2004 and 2008. That's what funded the growth in the UK economy. Pay back time has arrived and it's going to take some years.

robmatic

LauraW10 wrote: »

By crushing business and consumer confidence for starters...

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



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

What do you think the government should do?

It was the inevitable end of the Noughties credit binge that has damaged 'confidence'. Once the magic money tree stopped working it became much more difficult to spend cash that we don't have.

Thrugelmir

StevieJ wrote: »

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

The NUM is still paying the annual rent of £34k on his London flat.

Seems at some point even hardened socialists turn capitalist.

A long way from we are all in this together days.

Sums up politics these days. People are primarily interested in themselves not others.

Wookster

Thrugelmir wrote: »

Seems at some point even hardened socialists turn capitalist.

The're all champagne socialists

Generali

LauraW10 wrote: »

By crushing business and consumer confidence for starters...

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



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

What do you think the government should do?

There is a massive 'fiscal expansion' under this Government. The Tories are spending billions more than is coming in in tax.

Thrugelmir

StevieJ wrote: »

Exactly what am I explaining?

This.

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.

The rate of increase is lower under Labour..........

StevieJ

Thrugelmir wrote: »

This.



The rate of increase is lower under Labour..........

What is this? The line I was responding to was

The RATE of debt increase is lower than under Labor.

Where did you get line from?

DecentLivingWage

Graham_Devon wrote: »

I like this.

If you ignore the income, borrowing is rising. Well bravo. It's really annoyed some of you that this has worked in the coalition's favour, hasn't it

The con is that this revenue belongs in next Q figs! They are desperate - Carney to the rescue,,,,, except he wont be!

BobQ

paulmapp8306 wrote: »

There are parts of Labours policy I agree with - that of spending to kick start the economy. But there are also parts i dont agree with. We need to cut spending, and things that DONT kick start the economy - like welfare, NHS, Defence and much local government spending need big cuts. We cant fund what we as a country actually want in the way of social facilities.
.

Cut these things if you want to do so for political reasons. But:

Welfare spending is spent in the economy
NHS/Defence/LG spending usually buys things made by the private sector that stimulate the economy or funds jobs which employ people who buy things.
Defence spending can stimpulate developments that generate exports.

So cut them by all means but the idea they have no positive effect on the economy is absurd.

Generali

BobQ wrote: »

Cut these things if you want to do so for political reasons. But:

Welfare spending is spent in the economy
NHS/Defence/LG spending usually buys things made by the private sector that stimulate the economy or funds jobs which employ people who buy things.
Defence spending can stimpulate developments that generate exports.

So cut them by all means but the idea they have no positive effect on the economy is absurd.

Money is taken from one person to give to another. The overall effect is nil at best and negative at worst because money borrowed by the Government reduces money available for investment on a £ for £ basis.