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Did the last Labour government leave this country in a financial mess ?
Did Labour leave this country in a financial mess ?
Do you accept that Labour overspent for the 13 consecutive years that they were last in power ?
If a family or an individual was close to bankruptcy would you expect them to have to make cutbacks, continue to spend as they had or to actually spend more ?
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Re: Did the last Labour government leave this country in a financial mess ?
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Originally Posted by purple haze2 wrote on Mon, 13 April 2015 15:35
Did Labour leave this country in a financial mess ?
In other words, there's no evidence whatsoever that Labour overspent for 13 consecutive years. Indeed the Conservatives were happy with Labour's spending plans until the collapse of the banks in 2008, which according to the Bank of England wasn't the government's fault. There's plenty to suggest of course that their spending plans went awry after that.
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Re: Did the last Labour government leave this country in a financial mess ?
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Re: Did the last Labour government leave this country in a financial mess ?
Who left America and the rest of the world in a mess? Was it also Labour? http://www.ccmb.co.uk/images/smiley_icons/sherlock.gif
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Re: Did the last Labour government leave this country in a financial mess ?
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Originally Posted by Gluey wrote on Mon, 13 April 2015 15:54
Bush and Bliar. The murderers.
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Re: Did the last Labour government leave this country in a financial mess ?
I think the answer will depend on whether you are left wing or right wing. few people were complaining at the time Labour were being generous with their spending commitments although with hindsight it is easy to say they were. Even Blair thought they spent too much when looking back and Ed Milliband pretty much admitted recently that when in power they got spending commitments wrong.
given the state of the economy I'm not sure the Conservatives would have adopted a different tack either.
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Re: Did the last Labour government leave this country in a financial mess ?
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Originally Posted by The Local Boy wrote on Mon, 13 April 2015 15:59
given the state of the economy I'm not sure the Conservatives would have adopted a different tack either.
I think that whichever party ends up in a coalition government for the next 5 years they'll spend similar amounts. This whole idea that the Tories will slash everything or Labour will spend too much is far fetched from both sides.
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Re: Did the last Labour government leave this country in a financial mess ?
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Originally Posted by Eric the Half a Bee wrote on Mon, 13 April 2015 16:23
given the state of the economy I'm not sure the Conservatives would have adopted a different tack either.
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Originally Posted by The Local Boy wrote on Mon, 13 April 2015 15:59
They said at the time they endorsed Labour's spending plans.
They did make a mess of the economy, but so would the Conservatives have if they were in charge. Comparing the parties is like comparing chalk and chalk.
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Re: Did the last Labour government leave this country in a financial mess ?
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Originally Posted by Mabinogion wrote on Mon, 13 April 2015 16:25
given the state of the economy I'm not sure the Conservatives would have adopted a different tack either.
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Originally Posted by Eric the Half a Bee wrote on Mon, 13 April 2015 16:23
They said at the time they endorsed Labour's spending plans.
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Originally Posted by The Local Boy wrote on Mon, 13 April 2015 15:59
I think that whichever party ends up in a coalition government for the next 5 years they'll spend similar amounts. This whole idea that the Tories will slash everything or Labour will spend too much is far fetched from both sides.
Or black cats and white cats .. https://www.youtube.com/watch?v=7wCx97Xi1Os
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Re: Did the last Labour government leave this country in a financial mess ?
If it had been the Tories that left this country in the state labour did (economically) those defending Labour would be furious with the Tories about it.
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Re: Did the last Labour government leave this country in a financial mess ?
Not so much about them leaving the country in a state, for the most part Blair run the economy pretty well.
The biggest issue was that when he was doing that we should've been saving money and not spending more than we had. The financial crash wasn't their fault, however how we were able to deal with it was. We should've been a lot better equipped to deal with it than we are.
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Re: Did the last Labour government leave this country in a financial mess ?
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Originally Posted by TruBlue wrote on Mon, 13 April 2015 16:39
Not so much about them leaving the country in a state, for the most part Blair run the economy pretty well.
You mean save like the Tories used to save when the times were good?
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Re: Did the last Labour government leave this country in a financial mess ?
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Originally Posted by Gluey wrote on Mon, 13 April 2015 16:42
Not so much about them leaving the country in a state, for the most part Blair run the economy pretty well.
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Originally Posted by TruBlue wrote on Mon, 13 April 2015 16:39
The biggest issue was that when he was doing that we should've been saving money and not spending more than we had. The financial crash wasn't their fault, however how we were able to deal with it was. We should've been a lot better equipped to deal with it than we are.
Whoever is running the country when economic times are good should be saving money, be that Conservative or Labour.
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Re: Did the last Labour government leave this country in a financial mess ?
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Originally Posted by TruBlue wrote on Mon, 13 April 2015 16:49
Not so much about them leaving the country in a state, for the most part Blair run the economy pretty well.
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Originally Posted by Gluey wrote on Mon, 13 April 2015 16:42
The biggest issue was that when he was doing that we should've been saving money and not spending more than we had. The financial crash wasn't their fault, however how we were able to deal with it was. We should've been a lot better equipped to deal with it than we are.
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Originally Posted by TruBlue wrote on Mon, 13 April 2015 16:39
You mean save like the Tories used to save when the times were good?
That's not how you stay in power though .. or keep a sexy girlfriend http://www.ccmb.co.uk/images/smiley_icons/hehe.gif
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Re: Did the last Labour government leave this country in a financial mess ?
Sajid Javid (Culture Minister) today said the reason this government couldn't stick to it's financial promises was worldwide events and tragedies, this just after attacking the Labour government before them and refusing to entertain worldwide events and tragedies as mitigating circumstances.
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Re: Did the last Labour government leave this country in a financial mess ?
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Originally Posted by Mabinogion wrote on Mon, 13 April 2015 16:25
given the state of the economy I'm not sure the Conservatives would have adopted a different tack either.
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Originally Posted by Eric the Half a Bee wrote on Mon, 13 April 2015 16:23
They said at the time they endorsed Labour's spending plans.
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Originally Posted by The Local Boy wrote on Mon, 13 April 2015 15:59
I think that whichever party ends up in a coalition government for the next 5 years they'll spend similar amounts. This whole idea that the Tories will slash everything or Labour will spend too much is far fetched from both sides.
All spin and propaganda - from all sides!
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Re: Did the last Labour government leave this country in a financial mess ?
People have such short memories.
The financial / banking crisis began in the USA with the selling of sub - prime mortgages
which many UK banks bought into.
As the Banks collapsed Labour spent money rescuing reckless banks , not wasting it.
Gordon Brown was hailed as a hero at the time.
7 years down the line the bankers are yet to be nailed to a tree for what they did
but Dave and his fat cat chums have looked after them as they are their pals.
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Re: Did the last Labour government leave this country in a financial mess ?
It was Alistair Darling not Gordon Brown. You also describe a situation that was far more complicated than you have alluded to.
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Re: Did the last Labour government leave this country in a financial mess ?
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Originally Posted by The Local Boy wrote on Mon, 13 April 2015 17:24
It was Alistair Darling not Gordon Brown. You also describe a situation that was far more complicated than you have alluded to.
Some of us are not long winded bores so I gave the abridged but true version.
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Re: Did the last Labour government leave this country in a financial mess ?
But it was darling that set the agenda Not brown. It's moot as the rest of your post has a few holes in it.
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Re: Did the last Labour government leave this country in a financial mess ?
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Originally Posted by BlueWales wrote on Mon, 13 April 2015 17:26
It was Alistair Darling not Gordon Brown. You also describe a situation that was far more complicated than you have alluded to.
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Originally Posted by The Local Boy wrote on Mon, 13 April 2015 17:24
Brown was PM was he not ?
Don't argue with Feedback you will never win!
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Re: Did the last Labour government leave this country in a financial mess ?
If you look at the graph of spending and compare it to government income around the time of the crash, you will see that the spending goes up far quicker than the income falls - so although my natural leaning is left of centre, you cannot deny that the main reason for the deficit was addition spending, not the crash.
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Re: Did the last Labour government leave this country in a financial mess ?
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Originally Posted by surge wrote on Mon, 13 April 2015 16:58
Sajid Javid (Culture Minister) today said the reason this government couldn't stick to it's financial promises was worldwide events and tragedies, this just after attacking the Labour government before them and refusing to entertain worldwide events and tragedies as mitigating circumstances.
http://www.ccmb.co.uk/images/smiley_icons/hehe.gif that sums up politicians unfortunately.
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Re: Did the last Labour government leave this country in a financial mess ?
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Originally Posted by not telling wrote on Mon, 13 April 2015 17:37
If you look at the graph of spending and compare it to government income around the time of the crash, you will see that the spending goes up far quicker than the income falls - so although my natural leaning is left of centre, you cannot deny that the main reason for the deficit was addition spending, not the crash.
Have you thought of taking this up professionally?
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Re: Did the last Labour government leave this country in a financial mess ?
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Originally Posted by Gluey wrote on Mon, 13 April 2015 17:31
It was Alistair Darling not Gordon Brown. You also describe a situation that was far more complicated than you have alluded to.
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Originally Posted by BlueWales wrote on Mon, 13 April 2015 17:26
Brown was PM was he not ?
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Originally Posted by The Local Boy wrote on Mon, 13 April 2015 17:24
Darling was still under Brown's command.
I did last week - I think... It was before everyone realised he was Feedback.
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Re: Did the last Labour government leave this country in a financial mess ?
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Originally Posted by purple haze2 wrote on Mon, 13 April 2015 15:35
Did Labour leave this country in a financial mess ?
The bankers did , ask anyone outside the narrow Tory/coalition Party they will confirm that , even Mervin King Ex Bank Of England said the same , strangely on Radio 5 today two american political media people were debating Hilary Clinton and the bankers / recession , and out of the blue one simply went onto say the bankers are still a long way from being properly regulated in the UK even with the Tories in power , so look out as it may come again, and if it does and labour is in power i suppose it will give the Tories a perfect platform to willfully slash away at peoples lives at the lower end of the money tree .
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Re: Did the last Labour government leave this country in a financial mess ?
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Originally Posted by TruBlue wrote on Mon, 13 April 2015 16:39
Not so much about them leaving the country in a state, for the most part Blair run the economy pretty well.
Agree with that. That said I'm always amused by the tired old cliche that frequently gets rolled out by the one eyed conservative chunk of the media that suggests the Tories are good at running the economy and Labour aren't. We've seen ropey fiscal management from both parties over the decades.
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Re: Did the last Labour government leave this country in a financial mess ?
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Originally Posted by ragbone Red wrote on Mon, 13 April 2015 18:19
Did Labour leave this country in a financial mess ?
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Originally Posted by purple haze2 wrote on Mon, 13 April 2015 15:35
Do you accept that Labour overspent for the 13 consecutive years that they were last in power ?
Just look at the graph mun, one squiggle went this way, and another squiggle went that way. Proof that it was Labour who dunnit http://www.ccmb.co.uk/images/smiley_icons/thumbup.gif
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Re: Did the last Labour government leave this country in a financial mess ?
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Originally Posted by saganspirit wrote on Mon, 13 April 2015 17:38
Sajid Javid (Culture Minister) today said the reason this government couldn't stick to it's financial promises was worldwide events and tragedies, this just after attacking the Labour government before them and refusing to entertain worldwide events and tragedies as mitigating circumstances.
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Originally Posted by surge wrote on Mon, 13 April 2015 16:58
Indeed. I also liked the post about Labour supporters going mad if it had been a Tory government in charge for those 13 years with the same outcome.
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Re: Did the last Labour government leave this country in a financial mess ?
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Originally Posted by Gluey wrote on Mon, 13 April 2015 18:26
Did Labour leave this country in a financial mess ?
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Originally Posted by ragbone Red wrote on Mon, 13 April 2015 18:19
Do you accept that Labour overspent for the 13 consecutive years that they were last in power ?
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Originally Posted by purple haze2 wrote on Mon, 13 April 2015 15:35
If a family or an individual was close to bankruptcy would you expect them to have to make cutbacks, continue to spend as they had or to actually spend more ?
Intelligent folks always knew the truth, ignorant people just buried their heads in the sand and believed the rubbish the Tories told them. We are now all paying the price of their incompetence and lies.
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Re: Did the last Labour government leave this country in a financial mess ?
I spoke today to a guy who works in Lloyds .
The UK economy has been toatally stimulated by PPI payouts. 3-4k payouts have acted as springboard for a recovery as people will pump that straight back into consumer goods or holidays etc. It has nothing to di with Gideons austerity. In fact the guy said if it wasnt for PPI Gideon would have totally stagnated the economy .
He also stated the US sub prime knackered the World economy and until then Labour were doing the biz financially.
Global markets mean we are all in the shite together.
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Re: Did the last Labour government leave this country in a financial mess ?
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Originally Posted by Mick the Miller wrote on Mon, 13 April 2015 19:32
I spoke today to a guy who works in Lloyds .
So in summary, we've all been ripped off for years and the general public are just getting wise to it. That's about the truth of it.
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Re: Did the last Labour government leave this country in a financial mess ?
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Originally Posted by Mick the Miller wrote on Mon, 13 April 2015 19:32
I spoke today to a guy who works in Lloyds .
http://www.ccmb.co.uk/images/smiley_icons/Dsmile.gif
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Re: Did the last Labour government leave this country in a financial mess ?
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Originally Posted by Croesy Blue wrote on Mon, 13 April 2015 19:50
I spoke today to a guy who works in Lloyds .
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Originally Posted by Mick the Miller wrote on Mon, 13 April 2015 19:32
The UK economy has been toatally stimulated by PPI payouts. 3-4k payouts have acted as springboard for a recovery as people will pump that straight back into consumer goods or holidays etc. It has nothing to di with Gideons austerity. In fact the guy said if it wasnt for PPI Gideon would have totally stagnated the economy .
http://www.ccmb.co.uk/images/smiley_icons/hehe.gif http://www.ccmb.co.uk/images/smiley_icons/hehe.gif
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Re: Did the last Labour government leave this country in a financial mess ?
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Originally Posted by Croesy Blue wrote on Mon, 13 April 2015 19:50
I spoke today to a guy who works in Lloyds .
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Originally Posted by Mick the Miller wrote on Mon, 13 April 2015 19:32
The UK economy has been toatally stimulated by PPI payouts. 3-4k payouts have acted as springboard for a recovery as people will pump that straight back into consumer goods or holidays etc. It has nothing to di with Gideons austerity. In fact the guy said if it wasnt for PPI Gideon would have totally stagnated the economy .
Don't be silly. He works behind the bar.
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Re: Did the last Labour government leave this country in a financial mess ?
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Originally Posted by Croesy Blue wrote on Mon, 13 April 2015 19:50
I spoke today to a guy who works in Lloyds .
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Originally Posted by Mick the Miller wrote on Mon, 13 April 2015 19:32
The UK economy has been toatally stimulated by PPI payouts. 3-4k payouts have acted as springboard for a recovery as people will pump that straight back into consumer goods or holidays etc. It has nothing to di with Gideons austerity. In fact the guy said if it wasnt for PPI Gideon would have totally stagnated the economy .
Now that was funny http://www.ccmb.co.uk/images/smiley_icons/hehe.gif
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Re: Did the last Labour government leave this country in a financial mess ?
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Originally Posted by purple haze2 wrote on Mon, 13 April 2015 15:35
Did Labour leave this country in a financial mess ?
To summarise and provide a straight answer to you question,no Labour didn't and in all honesty if any party had seen its actual danger they would have acted,this was carried out by rich bankers and the political establishment have looked to blame anyone but their rich INFLUENTIAL friends.
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Re: Did the last Labour government leave this country in a financial mess ?
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Originally Posted by ragbone Red wrote on Mon, 13 April 2015 20:11
Did Labour leave this country in a financial mess ?
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Originally Posted by purple haze2 wrote on Mon, 13 April 2015 15:35
Do you accept that Labour overspent for the 13 consecutive years that they were last in power ?
So to stop bankers getting the blame, the politicians have blamed themselves? That's very decent of them.
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Re: Did the last Labour government leave this country in a financial mess ?
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Originally Posted by TruBlue wrote on Mon, 13 April 2015 20:20
Did Labour leave this country in a financial mess ?
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Originally Posted by ragbone Red wrote on Mon, 13 April 2015 20:11
Do you accept that Labour overspent for the 13 consecutive years that they were last in power ?
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Originally Posted by purple haze2 wrote on Mon, 13 April 2015 15:35
If a family or an individual was close to bankruptcy would you expect them to have to make cutbacks, continue to spend as they had or to actually spend more ?
Blamed anything but the bankers
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Re: Did the last Labour government leave this country in a financial mess ?
<cite>TruBlue wrote on Mon, 13 April 2015 20:20</cite><blockquote><cite>ragbone Red wrote on Mon, 13 April 2015 20:11</cite><blockquote><cite>purple haze2 wrote on Mon, 13 April 2015 15:35</cite><blockquote>Did Labour leave this country in a financial mess ?<br />
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Do you accept that Labour overspent for the 13 consecutive years that they were last in power ?<br />
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If a family or an individual was close to bankruptcy would you expect them to have to make cutbacks, continue to spend as they had or to actually spend more ?</blockquote><br />
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To summarise and provide a straight answer to you question,no Labour didn't and in all honesty if any party had seen its actual danger they would have acted,this was carried out by rich bankers and the political establishment have looked to blame anyone but their rich INFLUENTIAL friends.</blockquote><br />
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So to stop bankers getting the blame, the politicians have blamed themselves? That's very decent of them. </blockquote>
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And why not? They will all end up in the boardrooms of the major banks and corporations for 'services rendered'. I think Blair got rewarded by JP Morgan for introducing student loans, and the light touch banking regulations among other things.
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