Quote:
Originally Posted by TheDaddy
can't fault them, I'll repeat it for you record number of businesses folding, record number of house repossession and unemployment doubling. To simply dismiss it as being due to the ERM is like labour saying the problems they left were down to the global economic crisis. our economy went down the toilet due to the then pm's vanity project and the tories paid the price, the things people say about labour now were said about the Conservatives for years after and it's why they were unelectable for so long.
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Going in to ERM was a catastrophic mistake made by Tories who no longer have any meaningful influence on the party. Furthermore it was *not* a mistake borne out of any fundamental Tory or broader right-wing ideology.
Holding ERM up as somehow relevant to today (even in the sense of trying to diss John Major) is pointless. Unlike, say, holding up the financial crash, the regulatory errors and governmental unpreparedness that exacerbated it. The loons responsible for that are very much still in the game, and are asking us to put them back in charge in a couple of weeks time.