Originally Posted by Osem (Post 35899059)

Doesn't look like Corbyn's planning to reverse all those terrible benefit cuts imposed by the nasty evil Tories that he's spent years moaning about. I wonder why not.

http://www.telegraph.co.uk/news/2017...se-axe-freeze/

Originally Posted by peanut (Post 35899064)

◾Cuts to bereavement support payment will be scrapped, as will the bedroom tax and the "punitive sanctions regime"

I'd say that's a start at least. It'll be interesting to see what the Tories are going offer those that really need help. Or will they just concentrate on helping the rich at the poor's expense.

Though they are all as bad as each other anyway.

Originally Posted by heero_yuy (Post 35899002)

Labour's plan for 30% corpoaration tax is going to make Ireland's 12.5% look very attractive to big business whereas smaller businesses that have already been hard hit by revalued business rates, cannot re-locate and are struggling are likely to go under.

The current rate here around 20% on many £billions is better than 30% of diddley squat.

It happened under Labour in the 70's with the resulting mass unemployment and rocketing interest rates. Under Corbyn's . Labour it would happen again only much worse. The last few years in France and more severely Venezuela, should be a lesson to all.

Could you afford your mortgage with a 15% interest rate?

Originally Posted by TheDaddy (Post 35899140)

What like it was under John Major?

Originally Posted by TheDaddy (Post 35899140)

What like it was under John Major?

Originally Posted by heero_yuy (Post 35899154)

Now you know full well that that is not a valid comparison: The sky high interest rate under Major was due to the almost suicidal attempt to stay in the snake, the predecessor of the Euro, and was only temporary. Unlike the economic failure under Calaghan that had us going begging, cap in hand, to the IMF for a bailout worth £8bn in todays money to prevent the country going bankrupt as no one else would loan us anything as "The sick man of Europe" couldn't pay it's debts.



I'll get my tin foil hat out. :D

Originally Posted by Osem (Post 35899167)

:tu: Labour's capacity to mismanage the economy is legendary and it's always been others who've had to pick up the pieces and do the dirty work to get things back on track.

Even now we're having to pay £billions in interest every year on the massive debts accrued on their watch and if Brown had won in 2010, they'd have faced the very same problem rather than the coalition.

Originally Posted by Mr K (Post 35899170)

And yet public sector debt is much bigger now than under labour and still rising, even after 7 years of austerity. Maybe the medicine isn't working.

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Originally Posted by Mr K (Post 35899170)

And yet public sector debt is much bigger now than under labour and still rising, even after 7 years of austerity. Maybe the medicine isn't working.

Originally Posted by Chris (Post 35899184)

Another Labour cheerleader who doesn't appear to understand the difference, and the relationship between, deficit and debt. :rolleyes:

Originally Posted by Chris (Post 35899184)

Another Labour cheerleader who doesn't appear to understand the difference, and the relationship between, deficit and debt. :rolleyes:

Originally Posted by Chris (Post 35899184)

Another Labour cheerleader who doesn't appear to understand the difference, and the relationship between, deficit and debt. :rolleyes:

Originally Posted by Chris (Post 35899166)

You'd have to ask Edwina Currie.

Originally Posted by papa smurf (Post 35899186)

a student of the Diane Abbott school of economics :)