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Labour again ruining British economy?
Yes- just like a headline from 1979- the fiddling bumbling Lefties have snookered us once again.
According to todays' FT:
Shares suffer biggest fall since 9/11
Labour borrowing at Dec 07 hit £43.633bn, £11bn higher than in '06
Public sector borrowing for Dec 07 was £7.8bn- largest Dec shortfall on record
Jonathan Loynes at Capital Economics, states: "these nos. underline there is little scope to limit downturn for UK economy”
Other Banks now want same Government securitisation of Northern Rock stating if the State can help one lender, why not similar support for us?
Richest prospered even more under New Labour.
Institute for Fiscal Studies shows the income of the very richest person per 1000 rose average of 4% above inflation annually between 1996-97 and 2004-05.
2%for middle incomes.
Can we infer 0% for low-incomes?
Ft predicts a conservative 25% fall in corporate profits
MOD angers shipbuilding unions with fumbling of £4bn contract for 2 carriers, which may cost Clyde jobs
Clyde also justly furious MoD made £800m international tender for 6 MARS ships which Unions claim could have easily employed them until Oct.
11 Answers
- 1 decade agoFavorite Answer
As a child my mother told me that when labour were in power (70's) they ruined the country and the conservatives had to try and repair everything, this was about 1985 she said this and alos said never vote labour as they will ruin the country again and the conservatives will have to fix everything!
I voted conservative and everyone else voted labour, once was stupid, twice was ridiculous but 3 times is pure madness!
This cycle will go round and round forever!
- Anonymous1 decade ago
Sadly it will take more than a change of government to undo the damage this new labour party have done. the most devastating thing they have brought to this country is public opinion that all politicians are liars traitors and thieves. it will be a long time before the average British person takes parliament seriously. this government are the worst government Britain has ever suffered. because they came in on lies and deception. and that's exactly as they'll go out because they have! no idea how to tell the truth.
- 1 decade ago
All socialist goverments end the same way, they simply run out of money , Nu-lab conned evryone into believing they were more conservative than the torys and people trusted them, In my opinion they have been the most deluded and dangerous "goverment" I have ever witnessed, its as though they seem to see there role as a fith columnist doing as much damage to the country and its people as they can instead of there mandated role to act in the intrests of the people, all of there failiers such as the loss of faith in parliament,,sleaze, lost pensions etc,may be reversed by any normal goverment but its insane mass immigration policys and need to build 3 MILLION houses is going to be a disaster that can not be undone (google "the coming tipping point for oil"..
- ?Lv 45 years ago
Iron Stu - are you ill? Thatcher bought the Council residences, to permit those on low earning to have some wealth. the actual clarification for there being no residences, is by technique of the fact Tony Blair has enable in over 4 million Asylum Seekrs and dealing Immigrants (such because of the fact the seven-hundred 000 poles final twelve months) and those 4 million people desire someplace to stay. He could desire to of concept with regard to the implications on the infrastructure in the previous he did this. in fact if Thatcher had had her way in 1991 Saddam could be out of capability, it became into George Bush Senior who pronounced we shouldn't end the job. I for one am additionally a relatives guy and under TB i'm alot much less nicely off. i could somewhat pay the ballot Tax then what I do now. Gordon Brown has presented **** a stable variety of recent taxes so his government can waste additional funds on spin and crap, to no longer point out petrol and all the different **** I could desire to pay for. some persons are so thick.
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- DaveHLv 41 decade ago
Poor Gordon only has himself to blame. He was the Chancellor throughout this scandal called "New Labour". I'm just suprised that when he abolished the state old age pension, no-one sat up and took notice !!
Trust everyone will be awake and out voting (not for Labour of course) when the next election finally comes around.
- Anonymous1 decade ago
This is what you get when a bunch of cowboys run the country. The labour party used to represent the people and stand for the people. Now all they do is take for themselves and sod the rest of us. They have a long history of ruining the once great nation the sooner they get out of power and disbanded the better fall ALL!!!!
- Anonymous1 decade ago
left,right,left,right,left,right,always the same story what a bunch of numpties , wilson thatcher , mr blue wishy washy , blair , now brutus stab in the back brown . the best option is for all englishmen to campaign for independance for england and there would be no more problem with useless idiots like brown to make a northern rock of the economey.
- LeoLv 71 decade ago
One of New Labour's proudest election boasts is that it is 'the party of economic competence', which has brought unparalleled stability to the British economy. Must have been hard to say that with a straight face.
- 1 decade ago
New Labour = Old Tory
Boom and bust since the early 70's, ever since the pound came off the gold standard in fact. It is debt money that's killing us, we need sound money that has value, not debt.
- ScouseLv 71 decade ago
Yes it has and it ruined it some years ago but it is only just getting through the system now