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Re: Partygate & Beergate discussion
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Yes, of course our debt was still increasing post 2010. Why? Because our expenditure far exceeded our income, and so every year we had to correct that imbalance so that the debt would stop increasing year on year. We finally brought the imbalance in the economy so that the growing debt could finally be controlled, but then the pandemic changed everything. You are looking at results without considering what caused them. When we look at the mess the Labour government left us in 2010, I don’t blame them for the financial crash, because it was not our government’s fault. What I blame them for is their spendthrift attitude which left us devoid of balances. Cause and effect. As far as the pandemic exercise is concerned, did you seriously expect our scarce resources during austerity to be squandered on setting even more money aside at that stage for something that might not have happened for decades? Even Mr Hindsight wouldn’t have foreseen this pandemic coming so soon, even in retrospect! As I said in an earlier post, the NHS was in crisis when Labour were in power. Unfortunately, the pandemic has made things so much worse. Boris Johnson’s government may not be perfect, and there are clearly behavioural problems that need sorting out, but this government has got the big decisions right. How did Kier Starmer do when you review what he was urging this government to do? For example, just how long would our lockdown have lasted? He would have been too petrified to lift the restrictions, and we’d probably still have them in place now if it was down to him. ---------- Post added at 19:37 ---------- Previous post was at 19:31 ---------- Quote:
My point has nothing to do with your 100% / 85% comparison. It is about re-balancing the economy. The disparity between our expenditure and income levels had to be equalised in order to pay off the debt. That’s why the government referred to the problem as the deficit. But of course as the revered economist on this forum, you knew that. :D |
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Pray, tell where does the deficit go and when do we ever pay off even the manageable 86% of the national debt? |
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The time they were in power prior to that, winter of discontent, refuse and dead bodies piling up on street, because unions were crippling the country with strikes. |
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As for the debt, you were the one explaining how Corbyn's expenditure proposals could be managed not that long ago! I won't quote you exactly, to avoid embarrassment! |
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So is the post-Covid deficit now manageable as implied in your post? If so, I'd be grateful if you could explain what has changed in the last six hours. |
Re: Partygate & Beergate discussion
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https://www.cableforum.uk/board/atta...6&d=1656838131 |
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Good of you to point out that Brexit contributed to the rise in the deficit, though… :D |
Re: Partygate & Beergate discussion
student who filmed Beergate video has told Durham Police they will testify in court and claims event was 'entirely social'
https://www.dailymail.co.uk/news/art...ify-court.html Pressure is mounting on Sir Keir Starmer over Beergate as Durham police have asked a witness if they are prepared to give evidence in court. |
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https://www.theguardian.com/politics...o-sink-starmer |
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From the former Sun editor turned PR consultant.
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