Economic impact of a Labour win

Gangaweed

What do folks think the economic impact of a Labour win?

Personally I think it would be quite catastrophic.

- Freeze in energy prices leads to zero investment in new power and higher prices in the medium term
- Bungling of the mansion tax will lead to property crash
- More deaths through incompetence and cover-ups in the NHS
- More spending leading to loss of confidence and a quicker rise of interest rates. In a worst case scenario, a full blown gilt strike.
- War on business leading to businesses relocating abroad
- Miliband to be the least popular PM EVER.

Thrugelmir

Points you raise make headlines. However don't address the real issues. Nor give any indication as to how some of these proposals will be paid for. Not least the NHS is fundamentally insolvent already. With many trusts in severe financial difficulty.

the_flying_pig

for many decades, changes to the ruling political party hasn't really seemed to make an obvious difference to our global economic position in terms of how our GDP per capita ranks or whatever.

michaels

Don't worry, Labour would 'invest' in public services by paying unionised public servants more. How can this extra investment be anything other than a good thing for the economy?

Thrugelmir

the_flying_pig wrote: »

for many decades, changes to the ruling political party hasn't really seemed to make an obvious difference to our global economic position in terms of how our GDP per capita ranks or whatever.

The evidence is that Governments make little to no difference in the longer term.

Cyberman60

michaels wrote: »

Don't worry, Labour would 'invest' in public services by paying unionised public servants more. How can this extra investment be anything other than a good thing for the economy?

Perhaps because we still have an annual deficit that we are still trying to reduce thanks to their incompetence the last time they were in. The deficit cannot be reduced by increasing it.... :rotfl:

neverdespairgirl

Cyberman60 wrote: »

Perhaps because we still have an annual deficit that we are still trying to reduce thanks to their incompetence the last time they were in. The deficit cannot be reduced by increasing it.... :rotfl:

The deficit is increasing, AIUI. Been over 100 billion pounds per year for the last 6, or some such ludicrous, scary number!

Cyberman60

neverdespairgirl wrote: »

The deficit is increasing, AIUI. Been over 100 billion pounds per year for the last 6, or some such ludicrous, scary number!

No it is not. The annual deficit has reduced from 160 billion pounds in 2010 to around 80 billion pounds today. You are confusing the annual deficit with the national debt which is now almost two trillion pounds.

Until the annual deficit is zero the national debt will obviously increase, as each annual deficit is added to it. :eek:

HAMISH_MCTAVISH

Cyberman60 wrote: »

No it is not. The annual deficit has reduced from 160 billion pounds in 2010 to around 80 billion pounds today. You are confusing the annual deficit with the national debt which is now almost two trillion pounds.

Public sector net debt (PSND ex) was £1,432.3 billion in August 2014, an increase of £96.7 billion compared with August 2013, equivalent to 77.4% of gross domestic product.

For the financial year 2013/14, Public Sector Net Borrowing PSNB ex was £93.7 billion – (5.6% of GDP)

Thrugelmir

Cyberman60 wrote: »

No it is not. The annual deficit has reduced from 160 billion pounds in 2010 to around 80 billion pounds today.

August's figures suggest the the deficit reduction reduction programme is stalling. Stage one was the easy part.

daz378

the political center ground as shifted slightly to the right .... evidenced by ed balls trying to appear fiscally responsible... much to the chagrin of most of his party...... ukips dragging the tories further to the right... as cameron struggles to remain anchored in the centre...... however big business usually manages to circumvent .... whoever is in power