Originally Posted by heero_yuy (Post 35783724)

Black wednesday was an absurd attempt to stay in the ERM the prescursor to the Euro when our seconomy was not geared up for it. I also remember that it was Labour who were all for staying in the ERM at any cost.

Originally Posted by Osem (Post 35783723)

Feel free to start a thread on it. I'm sure it'll be very popular. ;)

When people start voting en masse for more taxation, cuts etc., chancellors might stop lying about their future plans for such things.

Originally Posted by denphone (Post 35783728)

Just trying to add a bit of balance to some of these threads as l think you will agree they are quite one sided.;)

Originally Posted by denphone (Post 35783728)

Just trying to add a bit of balance to some of these threads as l think you will agree they are quite one sided.;)

Originally Posted by Ramrod (Post 35783715)

It's probably 'cos labour are deeply, deeply rubbish when it comes to financial stability and prudence and Osem wants everyone to know that. Seems fair enough to me :D

Originally Posted by Osem (Post 35783729)

A thread dedicated to rubbishing one Tory policy or another would be far better at doing that surely. There's plenty of scope so I'm surprised nobody's started one lately. There's still time before the next election though eh? ;)

Originally Posted by denphone (Post 35783721)

For those with a extreme short term memory the Conservatives had their problems in the past from what l rightly remember with the economy and are storing problems up in the future with the chancellors ongoing policies which appear based on winning the next election rather then delivering what is best for this country.

https://en.wikipedia.org/wiki/Black_Wednesday

Originally Posted by Ignitionnet (Post 35783744)

I must've been hallucinating when, under a Conservative government, the UK was forced to drop out of the ERM. :)

Sorry for going off-message with facts and all that.

---------- Post added at 15:28 ---------- Previous post was at 15:27 ----------



Few people have quite the twisted, bitter hate of the Tories you do of Labour I'm afraid. People aren't that sad and live in bigger worlds :)

---------- Post added at 15:29 ---------- Previous post was at 15:28 ----------



Haha awesome. I hadn't read this when I made my reply.

Of course the Chancellor is more worried about winning the election than running the economy properly. Sadly this is what politicians do now.

As per the previous government it'll be austerity for 3 years, bribes for 2, with some bribery thrown in before where it can be done off balance sheet so as not to affect the deficit figures.

Originally Posted by heero_yuy (Post 35783736)

This isn't the BBC old chap. :D

Originally Posted by heero_yuy (Post 35783736)

This isn't the BBC old chap. :D

Originally Posted by Ignitionnet (Post 35783710)

Balls did a post-grad specialising in economics at Harvard. It's hardly surprising that he's going back there.

I look forward, in the name of balance, to seeing what the threads in this forum run like should the current Chancellor continue on his course to inflate a private credit bubble which pops with all policy tools to absorb the shock having been largely used up and most cash generating assets that could be sold having been sold.

To be honest, actually, there are a whole bunch of parallels between the course this government seems set on and the one the last one did, except we won't end up with the schools and hospitals to show for it, just the bubble, burst, and hideous deficits from the tax base being so brittle and shallow.

Originally Posted by Ignitionnet (Post 35783744)

I must've been hallucinating when, under a Conservative government, the UK was forced to drop out of the ERM. :)

Sorry for going off-message with facts and all that.

Originally Posted by Ramrod (Post 35783770)

No government will get it right all the time but left wing ones seem to get budgeting and spending wrong most of the time
:D

Originally Posted by ianch99 (Post 35783768)

Glad you admit the BBC adds balance :)

---------- Post added at 17:32 ---------- Previous post was at 17:22 ----------



At least Ed Balls has a qualification in Economics. Does Osbourne have one? and if not, are we worried he has control over our economy and is taking the country to a controversial place economically speaking? I am ..

Came across this, made me laugh:

https://www.cableforum.co.uk/images/local/2015/06/5.jpg

It's like going on a road trip with someone who has not passed their driving test :D

Originally Posted by Hugh (Post 35783779)

He's as qualified as Gordon Brown and Alastair Darling were..... ;)