Cable Forum - View Single Post - The state benefits system mega-thread.

**Chris** · 19-08-2019, 20:24

Yes, I think Labour induced is a bit of a stretch, but public spending was on the up at a point in the economic cycle when it would have been more prudent to be paying down public debt. Our economy was less well prepared than it should have been, and that’s even without considering whether the Labour government had created the best possible regulatory environment in the banking sector.

19-08-2019, 20:24	#2232
Chris Trollsplatter Cable Forum Team Join Date: Jun 2003 Location: North of Watford Services: Humane elimination of all common Internet pests Posts: 37,028	Re: The state benefits system mega-thread. Yes, I think Labour induced is a bit of a stretch, but public spending was on the up at a point in the economic cycle when it would have been more prudent to be paying down public debt. Our economy was less well prepared than it should have been, and that’s even without considering whether the Labour government had created the best possible regulatory environment in the banking sector.