GFC, what ****ing GFC, us here in Australia were laughing. Poor economic management by a ****load of countries.
Oh I did open my eyes Norman, finally saw Labour for what they were at the time! Labour spun it as best they could to blame their incompetent, mismanagement of the economy on the so-called global financial crisis, they spent every ****ing bean this country had in the good times on their champagne socialist, politics of envy ideology. They kept on spending like it was going out of fashion and expected the good times to last forever. Brown mortgaged future generations spending billions ramping up the debt burden putting it on the PFI, they spun it well how they were spending to improve things but with not a care about repaying the debt that wasn't going to be paid off for 25/30 years so effectively massive government mortgages. You can't blame the GFC when it wasn't even entirely global anyway on that Scottish **** GB robbing our pension pots - something that didn't come to light until years down the line , nor for the billions that Labour wasted or for failing to put money aside for when the bad times returned or even just not spending so much in the first place but that doesn't come easy to a tax and spend party! The GFC didn't effect India or China in the far east or Australia at all so you can't blame that. Rich businessmen create wealth and jobs whose workers pay NI & tax which goes into government coffers and they didn't all start off with silver spoons in their mouths, there's plenty who started with **** all and just worked hard to build themselves up. Wealth creates wealth but when Labour are in power there's always a massive brain drain due to Labour taxing companies out of the UK to cheaper tax regimes overseas and all those workers paying NI & tax is lost revenue to the treasury.
The thing about the economic aspects of politics is that those who know a bit about it, rant, and those that truly understand it, lie (usually politicians). Behind the scenes, the numbers get recorded so the economic record is there for all to see if you care to look. The tories crow about reducing the deficit. People don't realise that this is not the overall debt, but just a monthly account of debt increase/decrease - they never mention the total debt, which is, oddly enough referred to as debt (not deficit), but rarely mentioned. Why do the tories not mention it? Quite simple - they've almost doubled it in the last 5 years. This is not an opinion, this is recorded fact. I have randomly selected a link(below) to illustrate this very clear situation. It is one of many I could have chosen with the same economic data recorded. Please feel free to provide any non-tory link should you wish to try to rebut this. I suspect you won't find anything. http://www.ukpublicspending.co.uk/uk_national_debt_chart.html Bottom line: Never trust a tory when their lips move. And never rant when you don't know what you're talking about. And Gordon Brown was indeed my politics lecturer at college, before anyone casts it up, but there is no bias from me. Simple cold, hard, economic facts.
Did you miss the budget announcement? The Tories arn't reducing the tax taken from pension pots they are increasing it by potentially another 25%. If you are going to spout party political bullshit at least make it factually correct. The tax take on companies was at a historical low in 2007. It's just the likes of Starbucks, Google and Amazon were greedy ****s and didn't want to pay ANY! They then formed sweetheart deals to be taxed at minute level in countries where they don't actually earn the cash. A problem created by globalism. Explain to me why any profit making company should be paying its workers so poorly that we the tax payer are paying out work related benefits to their workforce. The only people benefitting are the tory funding bosses of big business and the rest of us pay for it. In a quasi public service job funded by the subsidies of the tax payer they will come for your job soon enough. Railways should either be in public ownership or entirely privatised. The current system of God knows how many companies is just another way to rip off the punter.
The Bankers,greedy tory barstewerds bankrupted us and the rest of the world,only a fool could fall for the same tory spin blaming everyone else.The tories say we are all in this together yet the rich have got much richer and the poor have got much poorer.The tory theory is give the rich much more money and it will filter down,no it won't the rich just keep it all. Let me ask the tories a question. Why do we all have to pay back the debts.The poor never stuffed their bank accounts with cash from dodgy deals.All the tory rich bankers should have their accounts frozen and if they can't show the money came from fair dealing,it should all be taken back.Depts cleared fairly.
Tory economic theory in one phrase. To make the rich work harder pay them more. To make the poor work harder pay them less.. I arnt poor and nor do I claim to be ( I arnt rich either) but the growing inequalities in the system is just wrong.
I'm talking about how GB raided our pension pots and some individuals lost up to as much as 40% of its worth (fact) - myself included (fact), money that people worked hard for and of course at the time it was the devil in the detail as is the case with any budget. There were historical lows all through Labour's reign all round which GB spun as if he was the instigator, low world inflation with low world inflationary pressures, low world interest rates and high world growth so it was a perfect economic storm. Brown took the credit but whereas it took years upon years to move too, after the black Wednesday debacle the economy here was very strong towards the 97 GE, so much so that the Tories led on the economy question on the polling breakdown but Labour on most other things. Tories left office in 1997 with the PSBR debt at only £500m and as was said at the time by commentators that GB inherited a 'golden goose' economy on a plate and spent years taking the credit for nothing happening in the world to put it at risk. The prat even tried to take credit for Ken Clarke's last 4 quarters of growth from the Tories last year in office, when he said during every budget off how many consecutive quarters of growth he had presided over at that point in time with Tory MP's laughing at him in disbelief - luckily also that commentators can count! Labour started their scorched earth policy in their dying days in power with Darling handing out huge contracts to companies knowing full well they couldn't be terminated early due to high clauses, taxing companies out of Britain was exactly what they did in the late 70's near the end again and was called the brain drain then also. People remember that prat Liam Byrne leaving a note behind at the treasury saying that there's no money left. Labour started the working tax credit for benefits for votes to get people dependent on them, a guard at Waterloo told me last year that he'll only vote Labour because he'll get more working tax credit out of them. The welfare mentality of lazy bastards getting something for nothing exploded under Labour for votes as well as likewise GB employed 8 civil servants ticking boxes to do the job of one for electioneering purposes. The railways are entirely privately owned again now after SWT & Virgin took over the east coast franchise on February 28th, but it's not as if I don't pay tax and I was also a punter for over 20 years using trains so I know they're not cheap. In my previous experience the only fares that work out cheap are the advance fares when you buy them straight away up to 14 weeks in advance. I ain't saying the Tories are perfect Norman as all politicians are as bad as each other, but having lived through both I'll take the Tories as the lesser or the two evils so we'll agree to disagree as politics, war and religion are the things that you can never agree on.
The taxpayer was paying long before Labour were kicked out with the bank bail out. Labour were happy to reap the tax rewards from the bonuses Paul, you're telling me that Brown & Darling didn't know anything about what was going on at the time!
If they are privately owned why are they getting taxpayer subsidy. Why am I paying for cross rail and Hs1/2/3. It's ****ing wrong. If companies are in if for the profit they should be making the investment. All this standing spare you do is a symptom of companies awash with tax payers money propping them up.
I agree that there is too much wealth in 1% of the population why these people are so greedy beats me I would love to give to the really good causes but you always fear particularly when the money is going to some third world country whoes pocket it lands in Whilst were on Chippy it wasnt the tories that went into Iraq it was Blair how much did he get out of it/?backing that idiot Bush look how many good lives have been lost for what the country is far more unstable now and Blair well hes never looked back how much is he worth now 30m at least!No they are all corrupt but some more than others
I agree but I'm paying for it as well mate and why do we need another HS rail link when the first one ain't finished yet?! Drivers & guards being spare is part of our roster shift pattern to cover any blow outs or staff getting in late otherwise more trains would have to be cancelled as we're the only franchise to have on board guards in London. Southern & South East Trains only have guards on long distance journeys and Thameslink previously run by FCC now run by Govia are what we call DOO - driver operated only. Southern won't be making any investment because word has it they've already lost the franchise (last year) when it comes up for renewal this year and apparently their top man walked away last year, platform guy told me last year at Epsom as we share the station. South East Trains are a joke full stop and nobody has a good word to say about them - enough said!
Not only did they know nothing,the world knew nothing,and show me the tory warning that the worlds economies were about to crash.At the end of the day the people who made the billions cooking the books doing things they shouldn't be allowed to do,should be stripped of all their assets until the debt is cleared.
The only problems with the decision to go into Iraq was that we went in with a sense of fair play and we stopped before we had wiped islam off the face of the earth. We will pay a heavy price for judging this sub human scum religion with a level of decency they don't possess. We will end up going back as a huge multinational force and finishing the job. If we dont they will be wiping us from existence. We should be tagging all these ****s who want to go help ISIS, giving them a free flight, taking their passport away and sending in the guided bombs to their tracked positions.
Of course they knew what was going on Paul because FSA regulation as part of the tripartite system at the time meant there had to be, but they were happy to run the risk with people making **** loads of money and feeling good about it to keep their vote with the treasury reaping the tax revenue of it. The worst that could happen was that it all went tits up so they could use the bankers as a very convenient political football and carry out a bail out to make them look good and competent so a win, win for the government. Balls' ill-conceived tripartite system was a shambles in principle but the regulation was in place nonetheless. There couldn't have been any warnings and nobody is saying there were as it was a shock to the system but not running the economy in the mean time with the attitude that everything was always going to be fine spending money as if it was going out of fashion was irresponsible and complete and utter economic mismanagement, as has been said many times. Countries have to live within their means but that's something that's lost on Labour.
