Combating Inflation

Glen_Clark

DairyQueen wrote: »

Fair enough that the problem pre-dated Brown but facts are facts. The Tories left a substantial war-chest. Mr Brown (after the first couple of years of the 'prudence' mantra) blew the lot and then borrowed, and borrowed, and borrowed, to fund all that extra spending on the public sector (creating jobs) and NHS spending. Spending dosh that has yet to be earned is a mug's game whether applied to a family or to a nation. Brown spent the cash buffer left by the Tories, and then accumulated a load of debt. We would have been much less vulnerable in 2008 without his legacy of spending and borrowing.

I particularly recall his pledge to spend 50+ million on the NHS and that much of that spending was directed to the ill-fated medical records integration IT project.

Total waste of money.

War chest sounds like something out of the Daily Mail?.
Because Brown actually took over a National Debt of about £400 billion. The debt only took off when he bailed out the ex building societies like Northern Rock demutualised by the Tories.
The National Debt has increased enourmously since Brown left.
Not helped by the £billions in bribes the Tories are paying to the DUP to buy their votes, after May called the snap election she said she wouldn't.

RG2015

This thread has had the required cathartic effect and I believe that I am seeing things clearer now.

I can see the current landscape and am aware of all of my options but haven't addressed my financial goals in any detail. Once I have set a target I may stand a better chance of hitting it.

Thanks again for all the input.

RG2015 wrote: »

I have no specific plans other than a nest egg for any future financial needs.