Quote:
Originally Posted by Ignitionnet
Anyone who dismisses that they don't have a share of the blame is, by the same token, a rabid Labourite.
Interest rates, FSA / BoE, private pension grab, high public spending and various other policies all exacerbated the issue.
Not to say anyone else would have done it better but failings of governance were 50% of this issue.
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Where Labour got it right was the investment in health and education, that is what I pay my taxes for and as a resident of Notts, I saw at first hand this investment in terms of state of the art facilities, a fantastic new hospital and numerous new schools two of which both my children attended (partially as a result of this, Tom, my eldest, achieved an A* in Maths in year 9). In fact, if the truth were known, there is little the Labour government did that I strongly objected to - maybe you could make a case for slightly excessive spending, but in truth the country needed it, we needed improved roads, improved rail, improved schools and improved hospitals - that's what we got. Now we have a Conservative government, I do agree they have inherited a pretty crap situation, but they are going about it completely the wrong way, they are making political decisions on an economic issue, they are cutting too hard too soon in the hope that by the time the next election comes along things will look better.