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UK wage collapse
Comments
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Do people really believe there would have been tighter controls on the financial sector if the Tories were in power.0
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Do people really believe there would have been tighter controls on the financial sector if the Tories were in power.
I can see an argument to say that spending controls might have been tighter (although still running a deficit) but the relationship between banks and government would likely have been cosier with the Tories in power.
We'd be here or hereabouts whatever.0 -
Do people really believe there would have been tighter controls on the financial sector if the Tories were in power.
The fact is that we don't know what the Tories would have done had they been in power.
What we can say is that the Tories have consistently acted against entrenched City interests through measures such as the Big Bang, strengthening insider trading laws and introducing anti-money laundering laws.
Labour, Nationalisation of the BoE excepted, have largely accepted the status quo in The City.0 -
The fact is that we don't know what the Tories would have done had they been in power.
What we can say is that the Tories have consistently acted against entrenched City interests through measures such as the Big Bang, strengthening insider trading laws and introducing anti-money laundering laws.
Labour, Nationalisation of the BoE excepted, have largely accepted the status quo in The City.
I would suspect the whole financial sector is a bit over most labour politicians heads. None of them seem to have ever done a proper job.0 -
HAMISH_MCTAVISH wrote: »More recent data.....
GDP
HPI
Wages
Dont know about the others, but the GDP graph is nonsense.
Govt spending alone in 2010/11 was £690bn. Your graph suggests total GDP was little more than half the amount the govt spent.
It cannot be correct.
http://image.guardian.co.uk/sys-files/Guardian/documents/2011/11/08/Public_spending_2710.pdf0 -
Caveat_Mortgagor wrote: »Dont know about the others, but the GDP graph is nonsense.
Govt spending alone in 2010/11 was £690bn. Your graph suggests total GDP was little more than half the amount the govt spent.
It cannot be correct.
http://image.guardian.co.uk/sys-files/Guardian/documents/2011/11/08/Public_spending_2710.pdf
Or alternatively Hamish's graphic has been cropped and lost the leading '1'?!
However if we are doing a critiique it appears he has put 3 graphs together only one of which is in real terms....has anyone got a house prices in price and average earnings adjusted terms for the last two decades?I think....0 -
Do people really believe there would have been tighter controls on the financial sector if the Tories were in power.
http://straighttothesource.wordpress.com/2012/03/23/pre-2008-tory-policy-on-financial-regulation-and-public-spending/Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.0 -
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Household incomes have been static for a decade. I am not sure why, but I suspect the cause is more complex than this or that government in power.0
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