Effect of the election on the FTSE

longleggedhair

The trouble with Socialism is you eventually run out of other people's money.

Glen_Clark

longleggedhair wrote: »

The trouble with Socialism is you eventually run out of other people's money.

Very True. What we have now is Socialism for the Rich. Osborne has doubled the national debt to maintain it.

Glen_Clark

talexuser wrote: »

Foot would have made an excellent Oxford Don or political philosopher, but hardly anyone imagined him as prime minister

Thats not surprising when all they heard of was his dress sense

talexuser wrote: »

Kinnock was a blowhard windbag and hypocrite to boot,.

And what of Cameron & Osborne?
If they had been Labour, the Over 65 Bonds would have been presented for what they really are. A pre election bribe, restricted to the group most likely to vote irrespective of need, which the economy can't afford.

coastline

Thrugelmir wrote: »

History tells us that the Tories didn't get elected. Brown and Balls continued to mismanage the UK economy with vast overspending on the welfare state and light touch regulation of the financial services sector. That almost brought the UK to its knees.

Yes..the Tories didnt get elected but you would think they had a clear majority the way they claim results...for instance the basic tax allowance which was a LibDem idea.It wasn't going to be implemented at first as the Tories wanted to cut higher rate tax instead....a minister mentioned this late last year.
I'm not bothered who's in power to be honest as the result will be more or less the same...a recession is a recession which leads to a budget deficit and a rapidly growing national debt.Throw in a banking crisis and we have a greater problem.
Regarding banking regulation the Tory policy was less regulation...something which is often highlighted.
For the first time in living memory they are now aiming for a budget surplus....we'll have to wait and see as its more likely there'll be another slowdown at some point.
Regarding the stock market in the next parliament chances are there'll be a crash...the current bull market is the second longest in history.
Load up your savings plans with a world tracking ETF...at least you can have your finger on the button and sell the lot.
Oh wait ..I forgot the exchange will be shut...we're all snookered..:)

Glen_Clark

coastline wrote: »

Yes..the Tories didnt get elected but you would think they had a clear majority the way they claim results...for instance the basic tax allowance which was a LibDem idea.It wasn't going to be implemented at first as the Tories wanted to cut higher rate tax instead....

The Tories wanted to abolish Inheritance Tax instead. They would rather tax a man working for £8k a year, than a billionaire inheriting another £billion he has not earned. It was only the Lib Dems who wanted to cut income tax, just as it was only the Lib Dems who opposed the Illegal Invasion of Iraq - a fact conveniently forgotten by the Tory controlled press. (Not that the income tax cut helps the poorest of course, because they didn't pay it on below £8k anyway)

InvestInPoker

Cannot bring myself to vote for any major or minor party this election. Cameron is a jerk, Labour will shack up with the SNP, Lib Dems are a joke, UKIP are beyond ridiculous and the Green Party have a 6 year old making their policies.

Ryan Futuristics please stand for MP in my constituency and I will vote for you.

I hope for no majority, no coalition, market turmoil and a hundred threads saying OMG I LOST £150 OFF MY PORTFOLIO !!!!!! IS HAPPENING.

colsten

InvestInPoker wrote: »

Cannot bring myself to vote for any major or minor party this election. Cameron is a jerk, Labour will shack up with the SNP, Lib Dems are a joke, UKIP are beyond ridiculous and the Green Party have a 6 year old making their policies.

Ryan Futuristics please stand for MP in my constituency and I will vote for you.

I hope for no majority, no coalition, market turmoil and a hundred threads saying OMG I LOST £150 OFF MY PORTFOLIO !!!!!! IS HAPPENING.

What a grown-up approach to being a responsible citizen.

talexuser

Glen_Clark wrote: »

And what of Cameron & Osborne?

I agree with you, I'm not trying to make a party political point. My personal opinion if the tories had been there during those years they would have deregulated the banks even more and we would have been in a worse unbalanced economy and crash like Ireland.

Glen_Clark

Exactly. This is what Osborne had to say when he visited Ireland just before their economy crashed.
"A Generation ago, the very idea that a British politician would go to Ireland to see how to run an economy would have been laughable. The Irish Republic was seen as Britain’s poor and troubled country cousin, a rural backwater on the edge of Europe. Today things are different. Ireland stands as a shining example of the art of the possible in long-term economic policymaking, and that is why I am in Dublin: to listen and to learn". - George Osborne ,The Times Feb 23 2006
Then he borrowed £5 billion to bail them out (and then the Royal Hangers On were feted in a State visit there)

dunstonh

Cameron is a jerk

And how do you know him to have that opinion?