Thread: Government & Post Election Discussion
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Old 13-10-2018, 11:36   #1540
OLD BOY
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Re: Government & Post Election Discussion
Quote:
Originally Posted by daveeb View Post
That's a long standing traditional joke note done by every exiting chancellor for their successor.
Every Labour chancellor seems to do it. That's also what greeted Maggie when she came to power. Totally feckless behaviour.

Labour inherit healthy balances from the Conservatives when they come to power and leave nothing when they depart.

---------- Post added at 10:33 ---------- Previous post was at 10:30 ----------

Quote:
Originally Posted by Damien View Post
The 2008 crash took most people by surprise. There was little warning from senior politicians about the risk of consumer debt pre-2008 and even amongst those cautious about the economy thought it would be China, not American mortgages, from where the crisis would originate.

In fact a year before the crash the Tories were promising to match Labour's spending: http://news.bbc.co.uk/1/hi/uk_politics/6975536.stm

Labour obviously have a lot of answer for both for the deficit at the time of the crash and a lack of regulation but neither of these were issues the Tories were warning about or prepared for. The partisan kool-aid people drink because they think in binary, red vs blue, terms is absurd.

---------- Post added at 11:22 ---------- Previous post was at 11:21 ----------



This is obviously not true. The 2008 crash was caused by the near-collapse of the banking system, largely in the US Mortgage industry, which is why it hit around the world and not just the UK.
Well, if Gordon Brown hadn't monetised and spent our gold reserves, it might have been a different story.

---------- Post added at 10:33 ---------- Previous post was at 10:33 ----------

Quote:
Originally Posted by Mr K View Post
Think you need to tell Theresa OB, as she doesn't seem to grasp your concept.
Staying in the customs union is basically staying in the EU (with no say on anything). Some opportunity !
It is, and we won't.

---------- Post added at 10:36 ---------- Previous post was at 10:33 ----------

Quote:
Originally Posted by 1andrew1 View Post
Neither did the Conservatives. That's the issue too.
I think you need to explain that, Andrew. Tony Blair inherited a sound economy, and with gold reserves which Gordon Brown soon plundered, together with a raid on pensions. Surely, you haven't forgotten...
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