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Originally Posted by Ignitionnet
Can't be bothered to find examples but I'm fairly sure you've complained about party politics in threads.
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Hmm...can't say that I remember doing it, but if you say so.
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The VAT increase made me spend more speaking for myself to take advantage of the lower VAT rate.
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Well bully for you, however most people in the real world, couldn't afford to buy that new plasma televison set, the new car, fridge, dishwasher or washing machine. They decided to save their money to pay for food and clothing later.
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Depends on the level of tunnel vision involved. If ignoring everything else and concentrating purely on GDP figures absolutely, but it is of course more complicated.
Regardless it's just the usual politicians playing the usual points scoring game, one difference I will note however is one admitting that things wouldn't be pleasant, or smooth, the other appearing to give the impression that so long as the blank cheques continued things would be fine.
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But Osborne is still spending, the debt is still climbing with little prospect of it getting any better. Osborne's plans are simply not working.
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The ONS disagrees. The weather affected construction, hospitality, transport, various things and is responsible according to them for approximately 0.5% of the loss, they claim it would have been flat otherwise.
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LOL, okay then, the real loss should be -0.475%
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It's disastrous, politicians are slimy, government is spending far too much which is putting the country further into debt and taxing too much which is killing growth. Usual story.
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But they have had a long time now to come up with a workable solution and haven't. It is getting worse. It kind of reminds of a Roman Emperor who ignored the smoke coming from the city.