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Theresa May
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jamiemartin721  Reading 18 Jul 17 2.55pm |
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They did, although in a large part the problems inherent in that were established by the Banking Crisis, as the government at the time, wrongly, was propping itself up on cheap credit - Rather than utilising revenue generated through taxation. Indeed, New Labour had continued the Conservative strategy of cutting taxes as a means of establishing support (and were clawing back income via stealth taxation and public borrowing).
"One Nation Under God, has turned into One Nation Under the Influence of One Drug" |
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 steeleye20 Croydon 18 Jul 17 3.00pm |
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Mrs May is busy and will only be available for the most reckless and expensive items which she can sign off without having to look at them. Top of her busy day will be being briefed with the re-introduction of food rationing as a result of brexit. I have started a queue already.
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pefwin  Where you have to have an English ... 18 Jul 17 3.06pm |
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Originally posted by steeleye20
Mrs May is busy and will only be available for the most reckless and expensive items which she can sign off without having to look at them. Top of her busy day will be being briefed with the re-introduction of food rationing as a result of brexit. I have started a queue already. It is ok, she has found her own personal money tree with a couple of billon for the DUP. Opps sorry that is only for her personal use. Edited by pefwin (18 Jul 2017 3.44pm)
"Everything is air-droppable at least once." "When the going gets tough, the tough call for close air support." |
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| pefwin Where you have to have an English ... 18 Jul 17 3.22pm |
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Originally posted by jamiemartin721
They did, although in a large part the problems inherent in that were established by the Banking Crisis, as the government at the time, wrongly, was propping itself up on cheap credit - Rather than utilising revenue generated through taxation. Indeed, New Labour had continued the Conservative strategy of cutting taxes as a means of establishing support (and were clawing back income via stealth taxation and public borrowing). The National Debt has continued to grow under the Tories, and was not a record under Labour. The Worldwide 2008 crisis was partly based on unsustainable credit lending and structured financial products meant to underwrite them. UK debt partly went up post crisis as Osbourne could restructure some of the UK's loans using cheap credit post 2008. The most telling feature on the strength of the UK economy was that Fitch downgraded the UK financial strength from AAA to AA+ in 2013 and we have never got it back.
"Everything is air-droppable at least once." "When the going gets tough, the tough call for close air support." |
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Attachment:  Hrolf The Ganger 18 Jul 17 3.28pm |
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Originally posted by jamiemartin721
They did, although in a large part the problems inherent in that were established by the Banking Crisis, as the government at the time, wrongly, was propping itself up on cheap credit - Rather than utilising revenue generated through taxation. Indeed, New Labour had continued the Conservative strategy of cutting taxes as a means of establishing support (and were clawing back income via stealth taxation and public borrowing).
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| Hrolf The Ganger 18 Jul 17 3.30pm |
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Originally posted by pefwin
The National Debt has continued to grow under the Tories, and was not a record under Labour. The Worldwide 2008 crisis was partly based on unsustainable credit lending and structured financial products meant to underwrite them. UK debt partly went up post crisis as Osbourne could restructure some of the UK's loans using cheap credit post 2008. The most telling feature on the strength of the UK economy was that Fitch downgraded the UK financial strength from AAA to AA+ in 2013 and we have never got it back. Because of the Labour overspend.
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| pefwin Where you have to have an English ... 18 Jul 17 3.43pm |
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Originally posted by Hrolf The Ganger
Because of the Labour overspend. It does not matter why, I am giving him credit for restructuring. In say late 2010 you suggest that his thought process would have gone..."hmmm this debt was not accrued Labour so I will not take advantage of low rates"? You are looking at finance through the rather foggy lens and distorting lens of party politics. Edited by pefwin (18 Jul 2017 3.43pm)
"Everything is air-droppable at least once." "When the going gets tough, the tough call for close air support." |
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| Hrolf The Ganger 18 Jul 17 4.38pm |
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Originally posted by pefwin
It does not matter why, I am giving him credit for restructuring. In say late 2010 you suggest that his thought process would have gone..."hmmm this debt was not accrued Labour so I will not take advantage of low rates"? You are looking at finance through the rather foggy lens and distorting lens of party politics. Edited by pefwin (18 Jul 2017 3.43pm) That's not what I'm suggesting. I'm saying that Tory policy, successful or otherwise, was forced upon them by what they inherited from the last Labour government. That isn't party politics, that is a fact.
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| steeleye20 Croydon 18 Jul 17 5.10pm |
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Tory policy was not 'forced' upon them they had a clear run. The tories said they would clear up the debt and they wished to be judged by their record on it. However austerity does not work never has and never will without stimulus applied (keynes). They went on a borrowing binge Osborne borrowed more than all the previous labour governments put together. Since Mrs May has been PM she has signed up to dubious 'vanity' projects with the common denominator being that they all may not do what they are supposed to if they work at all. Trident Hinkley HS2 Heathrow how much is that so far 500 billions? Lobbyists and foreign companies making hay while the sun shines so much for brexit won't change that.
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| Hrolf The Ganger 18 Jul 17 5.38pm |
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Originally posted by steeleye20
Tory policy was not 'forced' upon them they had a clear run. The tories said they would clear up the debt and they wished to be judged by their record on it. However austerity does not work never has and never will without stimulus applied (keynes). They went on a borrowing binge Osborne borrowed more than all the previous labour governments put together. Since Mrs May has been PM she has signed up to dubious 'vanity' projects with the common denominator being that they all may not do what they are supposed to if they work at all. Trident Hinkley HS2 Heathrow how much is that so far 500 billions? Lobbyists and foreign companies making hay while the sun shines so much for brexit won't change that. Well done. I didn't think it was possible to squeeze so much bollocks into one post.
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| nickgusset Shizzlehurst 18 Jul 17 6.11pm |
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Originally posted by Hrolf The Ganger
Well done. I didn't think it was possible to squeeze so much bollocks into one post. Which part of tories said they would clear up the debt and they wished to be judged by their record on it is bollocks?
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| pefwin Where you have to have an English ... 18 Jul 17 7.10pm |
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Originally posted by Hrolf The Ganger
Well done. I didn't think it was possible to squeeze so much bollocks into one post. Really forget poltics but Hinkley C?
"Everything is air-droppable at least once." "When the going gets tough, the tough call for close air support." |
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