Quote:
Originally Posted by Damien
The equity markets went up the day after the election (or the Monday, I forget) so they had priced in a period of uncertainty previously. The bond markets are different and they probably assumed those were safe irrespective of who won. After all Interest rates are decided by the BoE and we're not likely to default on debt anytime soon even if Labour had won.
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For all the nonsensical rhetoric from the Conservatives under all sets of plans put forward by the major parties debt as a proportion of GDP would've been going down by 2020.
There was no massively profligate spending on offer anywhere.
These were of course just plans. We were supposed to be running a balanced budget by now already, then the reality of what happens when you cut investment for purely political purposes set in and things changed.