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Isn't this more to do with the fact we had a deficit of 157bn in 2009 which, when the Tories came took office in 2010, meant the debt was always going to rise rapidly until the deficit was brought under control?
This exact article is dragged up all the time.
It is pointless really. The economy is never a level playing field. It is never the same.
A comment under it:
In your analysis you acknowledge that whoever was in power post 2008 was going to have to borrow more. You also acknowledge that this would distort the results of your analysis and adjust the data to make for a fairer comparison.
However the conservatives were in power for most of the post WWII (1951-1964) rebuilding period. Another period when whoever was in power would also have had to borrow lots. How come you have made no attempt to adjust for this? The impact of rebuilding the country post WWII will have had an impact on government borrowing that was very similar in magnitude to the Global Financial Crisis.
Doesn’t this possibly lead to the classic mistake of assuming correlation = causation. The Tories happened to have been in power when the economy required massive amounts of government borrowing, rather than the Tories being a party of higher government borrowing.
What the truth?.
On a side note, someone I know was talking about "what if" a labour victory on the weekend.
Whether it would be good or bad long term I don't know, but imagine the state of the £ that morning.
I looked at tickets for an event on a holiday I am due to go on in the summer. 75 euros it costs. Comes out to over 60 pound sterling. Jesus wept!.
Last edited by LordKenwyne; 15-05-17 at 10:33.
That stupid ****ing referendum has a lot to answer for.
It's the unknown, I note other contributors refer to Brexit as something that is being used as a weapon of fear ,in truth I don't think anyone knows the outcome , and on that point I feel we need to keep something in reserve, that might explain the last lame budget delivered by the Tories, I think they are on very uneasy ground ,our future is not in Mays hands it's in the hands of the other European countries, and let's be fair we ain't going to be handed a silver spoon tyoe deal ,as it would entice other referendums and Brexit types of result .
Perhaps the nuclear option of a two finger approach, and just leave without a deal may become the only outcome, now that will be a risky and rocky ride, as we trg and become a Singapore type economy to attract trade and investment.
I voted to stay in 🙄
Precisely.The Tories are far better than Labour when it comes to propaganda. There have been more recessions under Tory Governments than there have been under Labour. The economy being safer under the Tories is a myth.
It will not surprise me if we have another Tory induced recession over the next two or three years.
Cameron has a lot to answer for but so have lot's of others in my view, including Corbyn who I am convinced has been telling porkies about wanting to remain as his actions during & after the referendum strongly suggest to me that he wants to leave. I am surprised that such a strongly principled man did not have the courage to show his true colours although I suppose Jeremy has been on a journey as Emily Thornberry put it.
As for Boris, Gove, & Farage their campaign was full of holes (& lot's of the brown stuff!) but unfortunately a dis-united remain campaign was unable to take advantage.
In Wales the campaign (or lack of one) run by Carwyn Jones & Leanne Wood was shambolic which resulted in a lot of their core voters choosing to leave. It is crazy to think that some of these communities benefit significantly from EU money so putting up a robust argument should have been relatively easy but clearly not for Carwyn & Leanne. They have put a lot of effort into moaning since the referendum but it's a pity that this effort was not matched before the vote. If Wales had voted to remain, like Scotland & N Ireland, I am certain that the UK government would be having a far rougher ride over brexit than it currently is.
So pointing the finger solely at Cameron is unfair in my view as there are lot's of others who should also take a long hard look at themselves.
I am not entirely sure what your point is regarding Corbyn? He should have said he was a leaver so everyone would vote remain? That might have actually worked.
The referendum was Cameron's baby, he used it to win an election thinking it couldn't backfire that is why he gets the blame.
There are many reasons why the average over time is meaninglessness, the economic cycle, the time cost of money, the state of the economy that is inherited.
Both sides of the political spectrum use whatever stats they can to prove whatever argument they feel discredits the other side
Well she is the most important person in British politics at the moment, she was a very prominent member of the Cameron's government and she went completely missing for the entirety of the referendum campaign. If you were trying to deliver a complete verdict you could have found a few words to apportion some blame to her too.
you could argue that by being quiet she was biding her time. it wouldn't be a tough argument to win.
what I don't get is this fawning of Corbyn as a man of principle. The guy is a hypocrite.
Whilst a backbencher Corbyn continuously revolted and ignored the party whip, voting according to his conscience. Yet as soon as he has a sniff of power Corbyn expected party members to tow the line or lose the whip.