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The Polls - Labour Lead At 14 - Is It The Economy?
Comments
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The current government are cutting spending 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.
The coalition's biggest failure was smashing business and consumer confidence when they came to power - absolute madness. Labour would not have done that - so yes I believe that things would have been much better under a Labour government.
Well that is obviously wrong for a start.0 -
paulmapp8306 wrote: »The thing is - Labour are never going to cut these things, so are an absolutely suicidal option. The cons dont have it all right - but there the closest we have that will potentially stop the UK going completely bancrupt.
No no no - you've got it wrong they are going to make us bankrupt!!!! They are going to stifle growth so that there is no tax income - they are going to batter confidence so companies and consumers are going to be scared to spend money. They are leading us to disaster.If you keep doing what you've always done - you will keep getting what you've always got.0 -
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.
Sorry Stevie but this is a stupid comment. The current government inherited the highest deficit i.e. annual rate of growth of the deficit of an industrialised nation from the Labour government.
That the deficit is still rising, albeit at a lower rate is entirely down to the state of the finances in May 2010.
The notion that you can reduce the deficit by borrowing more is just plain stupid.0 -
No no no - you've got it wrong they are going to make us bankrupt!!!! They are going to stifle growth so that there is no tax income - they are going to batter confidence so companies and consumers are going to be scared to spend money. They are leading us to disaster.
Coming from someone whose economic understanding goes as far as believe that without growth there will be no tax receipts. I will take it with a pinch of salt.0 -
Graham_Devon wrote: »What do you think should be done with extra incoming revenue?
Would you prefer it to be ignored suddenly?
I really don't understand this bitter complaint that income over the next year has been included in the income figures. Would you rather it was ignored? You could then claim they didn't know what they were doing, and ask where the 4G money was, and what they are hiding....
Either way, whatever they do, you'll say it's wrong.
Simple, if it due to be RECEIVED in the current financial year then include , if not then don't.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Borrowing has fallen.
No borrowing is rising. Without the £28 billion from the PO pension fund, £12 billion interest from QE and the £4 billion from 4G the deficit has risen.
http://www.bbc.co.uk/news/business-20615650If you keep doing what you've always done - you will keep getting what you've always got.0 -
angrypirate wrote: »Modest debt? Last time debt was this high relative to GDP was in war time.
It is saddling future generations with massive debt. Future generations who are going to have other concerns that this current generation doesnt have - such as high energy prices, shortage of oil and gas, global warming, over population.
High debt has a reflection on financial markets which has a major bearing on the UK economy. Imagine if the UK falls out of favour with big companies as a place to do business - it would permanently cripple the UK. It would be akin to banks moving out of Switzerland.
[IMG]http://www.ukpublicspending.co.uk/ukgs_line.php?title=Public Net Debt&year=1970_2011&sname=&units=p&bar=0&stack=1&size=m&spending0=63.99_57.99_55.46_49.48_47.87_43.48_44.81_45.70_46.76_43.61_42.11_44.40_44.55_43.13_43.59_43.45_41.81_39.14_34.98_29.30_26.69_25.27_26.70_30.97_36.05_39.55_41.20_41.93_40.14_37.85_35.38_30.58_29.34_30.46_31.84_33.80_34.85_35.57_36.61_44.26_52.08_59.97&legend=&source=a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a[/IMG]
National debt to GDP was high in the 1970's...its been falling ever since.
The spending cap under the Tory government had it as low as 30% GDP...and during a recession as high as 45%.GDP
Labour decided to spend more so attempted to run it at 35% ish..??
This was constant until the developements of 2008....at this point you've got to factor in world events.
Even in a mild recession under the Tory formula we would have been at 45% GDP...now add on a world slump with no growth..and add on privatisation of our banks....sharp have it to 60%.0 -
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No borrowing is rising. Without the £28 billion from the PO pension fund and the £4 billion from 4G the deficit has risen.
http://www.bbc.co.uk/news/business-20615650
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
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