Quote:
Originally Posted by Ignitionnet
That's a brave guarantee to make given the growth envisaged by it was based around quite different considerations.
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We'll never know, will we?
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What precipice? Things aren't nearly as critical as the Conservatives would have us believe, and their austerity measures aren't close to enough to save us from them if things are as bad as they try and convince us.
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Brave it may be but I'd stand by it and neither of us are ever going to find out so we'll have to agree to disagree eh.
The precipice I'm referring to is the Eurozone not the UK right now. Our position is far from good but thankfully not as dire as some other countries and that may be as much due to luck as judgement. I don't think the recent growth figures justify the rhetoric that's being bandied about but I do think that, in combination with what's going on elsewhere in Europe (which we cannot separate ourselves from), we're on the edge of a financial abyss. Time will tell and I hope I'm wrong.
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Quote:
Originally Posted by Damien
But this is it. There is a acknowledgement of the circumstances that make it difficult for the current government to turn around the economy but the last government seem not to have that same luxury. Labour had a global recession to deal with just as the Conservatives have the lingering after-effects and the Euro crisis to deal with.
I don't think Governments can easily turn around an economy. It's a supertanker that they are trying to turn around by throwing rocks at it. They are at the mercy of events just as anyone else.
Wasn't Darling's plan similar to the US plan? Because their economy is turning around, albeit slowly.
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Labour's profligacy, waste, ineptitude and gross regulatory failures exposed the UK to an extent which needn't have been the case. They gambled that borrowing and spending as if there was no tomorrow would keep them in power wich is all they were interested in. Sadly for us it did and thereby made our economy even more susceptible to the other, world, events you refer to.
The US is far from out of the woods in spite of the billions Obama's thrown at it.