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Thread: Interest rates up 0.5%!

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  1. #1

    Re: Interest rates up 0.5%!

    Quote Originally Posted by the other bob wilson View Post
    The economy was wrecked by a worldwide crash in 2008. The Conservative opposition of that time backed the measures Labour took to stop a run on banks - if Labour did wreck the economy, they did it with the backing of the main opposition parties.
    Gordon Brown sold off all our gold reserves for a start, against everyone's advice and cost the country billions. You try to wriggle your way out of the mess Labour made of the economy by blaming it on a worldwide crash (which was at least partly caused by the actions of a labour government anyway) whilst at the same time blaming the Tories for the recent problems with the economy which have been caused by Covid and a war in Ukraine. Make your mind up. Labour backed most of the measures related to Covid and the war but notably voted against the will of the British people all the time during Brexit.

  2. #2

    Re: Interest rates up 0.5%!

    Quote Originally Posted by dml1954 View Post
    Gordon Brown sold off all our gold reserves for a start, against everyone's advice and cost the country billions. You try to wriggle your way out of the mess Labour made of the economy by blaming it on a worldwide crash (which was at least partly caused by the actions of a labour government anyway) whilst at the same time blaming the Tories for the recent problems with the economy which have been caused by Covid and a war in Ukraine. Make your mind up. Labour backed most of the measures related to Covid and the war but notably voted against the will of the British people all the time during Brexit.
    You’re the one applying one set of rules for Labour and another for the Conservatives - blaming Labour for the worldwide crash in 2008 is ludicrous. All I’ve said about the current crisis is that we seem to suffering more than many comparable countries to us. None of what you say addresses my point that the Conservatives and Lib Dems backed the measures taken by Labour fourteen years ago.

  3. #3

    Re: Interest rates up 0.5%!

    Quote Originally Posted by dml1954 View Post
    Gordon Brown sold off all our gold reserves for a start, against everyone's advice and cost the country billions. You try to wriggle your way out of the mess Labour made of the economy by blaming it on a worldwide crash (which was at least partly caused by the actions of a labour government anyway) whilst at the same time blaming the Tories for the recent problems with the economy which have been caused by Covid and a war in Ukraine. Make your mind up. Labour backed most of the measures related to Covid and the war but notably voted against the will of the British people all the time during Brexit.
    Are there any more topics other than football, economics and politics that you also haven't got a clue about?

  4. #4
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    Re: Interest rates up 0.5%!

    Quote Originally Posted by Eric the Half a Bee View Post
    Are there any more topics other than football, economics and politics that you also haven't got a clue about?
    He's right about the gold, haven't noticed his football knowledge!

  5. #5

    Re: Interest rates up 0.5%!

    Quote Originally Posted by North Cardiff Blue View Post
    He's right about the gold, haven't noticed his football knowledge!
    He's right that Gordon Brown sold UK gold reserves between 1999 and 2002 (so it can hardly be seen to have caused what happened in 2009), but it was only about half of them, not the lot as he states.

  6. #6

    Re: Interest rates up 0.5%!

    Quote Originally Posted by dml1954 View Post
    Gordon Brown sold off all our gold reserves for a start, against everyone's advice and cost the country billions. You try to wriggle your way out of the mess Labour made of the economy by blaming it on a worldwide crash (which was at least partly caused by the actions of a labour government anyway) whilst at the same time blaming the Tories for the recent problems with the economy which have been caused by Covid and a war in Ukraine. Make your mind up. Labour backed most of the measures related to Covid and the war but notably voted against the will of the British people all the time during Brexit.
    What I find fascinating with the tories on here is the weighting they place against various issues. So for example we have a £50 billion brexit bill to pay in addition to the £31 billion+ brexit is estimated to have cost in lost trade as of Q1 2021 (source - https://www.itv.com/news/2022-06-09/...research-finds) and probably a lot more on top of that, but this isn't a problem.

    In addition the tories have added on around £1.4 TRILLION to the debt pile (the majority of this was before covid) via economically illiterate policies, this isn't a problem either.

    But Gordon Brown cost us what, £10 billion 15 years ago and this is the problem! Incredible stuff.

  7. #7

    Re: Interest rates up 0.5%!

    Quote Originally Posted by Doucas View Post
    What I find fascinating with the tories on here is the weighting they place against various issues. So for example we have a £50 billion brexit bill to pay in addition to the £31 billion+ brexit is estimated to have cost in lost trade as of Q1 2021 (source - https://www.itv.com/news/2022-06-09/...research-finds) and probably a lot more on top of that, but this isn't a problem.

    In addition the tories have added on around £1.4 TRILLION to the debt pile (the majority of this was before covid) via economically illiterate policies, this isn't a problem either.

    But Gordon Brown cost us what, £10 billion 15 years ago and this is the problem! Incredible stuff.
    The cost of this policy is estimated to be between £2bn and £7bn which is pennies when compared to the losses built up by the current government through fraud, downright incompetence and criminality. Track and trace anyone? Build back loans? Unusable PPE? Crony contracts for Tory mates, pub landlords, etc? I could go on but you get the picture.

    But, as you say, it's somehow Labours fault for something that ended 20 years ago!

  8. #8
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    Re: Interest rates up 0.5%!

    Quote Originally Posted by Doucas View Post
    What I find fascinating with the tories on here is the weighting they place against various issues. So for example we have a £50 billion brexit bill to pay in addition to the £31 billion+ brexit is estimated to have cost in lost trade as of Q1 2021 (source - https://www.itv.com/news/2022-06-09/...research-finds) and probably a lot more on top of that, but this isn't a problem.

    In addition the tories have added on around £1.4 TRILLION to the debt pile (the majority of this was before covid) via economically illiterate policies, this isn't a problem either.

    But Gordon Brown cost us what, £10 billion 15 years ago and this is the problem! Incredible stuff.
    Torries didn't vote for Brexit, the people did?

  9. #9

    Re: Interest rates up 0.5%!

    Quote Originally Posted by North Cardiff Blue View Post
    Torries didn't vote for Brexit, the people did?
    *the Tory people did

  10. #10
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    Re: Interest rates up 0.5%!

    Quote Originally Posted by Colin'sReversibleHat View Post
    *the Tory people did
    It was a mixture, some torries, some labour some of the monster raving loony party.

  11. #11

    Re: Interest rates up 0.5%!

    Quote Originally Posted by North Cardiff Blue View Post
    It was a mixture, some torries, some labour some of the monster raving loony party.
    https://lordashcroftpolls.com/2016/0...voted-and-why/

    The right mostly voted to leave while the left mostly voted to remain, though I suspect you knew that anyway

  12. #12

    Re: Interest rates up 0.5%!

    Quote Originally Posted by Colin'sReversibleHat View Post
    https://lordashcroftpolls.com/2016/0...voted-and-why/

    The right mostly voted to leave while the left mostly voted to remain, though I suspect you knew that anyway
    The demographic maps of what people voted for were quite revealing, places like London, Bristol, cardiff Birmingham etc all voted to remain, the more rural areas voted to leave like most of Wales for ie….obv plenty of oldies in the cities mentioned voted to leave also

  13. #13
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    Re: Interest rates up 0.5%!

    Doucas was saying Brexit was the governments fault, I explained no it's the voters which is correct.

  14. #14
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    Re: Interest rates up 0.5%!

    Quote Originally Posted by Colin'sReversibleHat View Post
    https://lordashcroftpolls.com/2016/0...voted-and-why/

    The right mostly voted to leave while the left mostly voted to remain, though I suspect you knew that anyway
    Doucas was saying Brexit was the governments fault, I explained no it's the voters which is correct.

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