Thread: [Update] The Liberal-Conservative Coalition
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Old 15-05-2010, 18:06   #369
Flyboy
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Re: [Update] The Liberal-Conservative Coalition
Quote:
Originally Posted by Ignitionnet View Post
Yes, let's compare an administration that inherited double-digit inflation, a nice fat recession (2.36% drop in GDP in Q3 1979), and militant trade unions with one that inherited a stable, surplus running economy shall we?

Makes it impossible to compare the tax take, which is the stat you are looking at. The actual tax rates, no idea of, however it would probably be somewhat fairer to take the Tory numbers a bit later on once they'd had a while to work on the economy.

This is interesting reading.

Oh here's a thought for you Flyboy, despite the crap the Tories inherited they still managed better average GDP growth than Labour.
Had a look for the figures myself:

UK GDP since 1948

I couldn't spot a recession in nineteen seventy-nine, in fact, net growth for that year was just over two per cent. I thought that was right, but had to double check, just in case the memory was playing tricks.

What method are you using to theorise the GDP growth comparisons?
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