2015 UK General Election Thread

[Dave42]

Originally Posted by nomadking

Labour seemed to have DOUBLED the debt BEFORE any banking crisis. £316.4bn in 2000/01 to £724.4bn in 2008/09. Labour borrowed £153.5bn in 2009/10. You can't cut that amount of borrowing "overnight".

you do know we borrowing more now right

[nomadking]

Originally Posted by Dave42

you do know we borrowing more now right

How is £98bn less than the £153bn in 2009/10? Have you been taking maths lessons from Ed Balls?

[TheDaddy]

Originally Posted by Chris

Er ... Yes, actually, if you inherit a budget that has a large structural deficit, then you will inevitably rack up large debts while you try to re-balance it.

But hey, someone posted a trite one-liner on the Internet, so it must be true.

Rack up large debts whilst cutting everything to the bone that's a neat trick and it's more than just a large debt, they've doubled it, after austerity to but hey you wanna think Gideon is any more competent than the last lot then that's your lookout he's not worthy of your faith.

[techguyone]

I find it hard to take seriously any party that says we're in deep trouble and must cut everything to the bone to recover, whilst simultaneously giving away 12 BILLION/Yr in Foreign Aid (and making it law to give away 0.7 GDP/Yr too)

That's 1.5x NHS btw.

[denphone]

Apart from UKIP that's what all the major parties seemed to have signed up too.

Originally Posted by techguyone

I find it hard to take seriously any party that says we're in deep trouble and must cut everything to the bone to recover, whilst simultaneously giving away 12 BILLION/Yr in Foreign Aid (and making it law to give away 0.7 GDP/Yr too)

That's 1.5x NHS btw.

The NHS budget for England is £113 billion in 2014.

http://www.nhsconfed.org/resources/k...ics-on-the-nhs

Originally Posted by techguyone

I find it hard to take seriously any party that says we're in deep trouble and must cut everything to the bone to recover, whilst simultaneously giving away 12 BILLION/Yr in Foreign Aid (and making it law to give away 0.7 GDP/Yr too)

That's 1.5x NHS btw.

No it isn't. NHS spending is £140 billion.

[heero_yuy]

The party’s Deputy Leader refused to rule out an increase in petrol duty when challenged in a Women’s Leaders debate on LBC radio.

She said: “We rule out increasing VAT, the higher rate of tax, the top rate of tax, we will not put up National Insurance.

“For all the others, air passenger duties, alcohol or petrol we will lay that out in the Budget.”

The last Labour Government raised fuel duty 12 times to the highest levels in the EU before being booted out in 2010.

The Sun last month revealed that the Chancellor’s decision to scrap a series of planned tax hikes from 2011 had saved motorists nearly £4billion at the pump.

Paywall linky

So Labour are going to soak the usual milchcows.

---------- Post added at 10:08 ---------- Previous post was at 09:55 ----------

Here's an amusing snippet, seems somebody thinks Scotland has it's own pound:

Originally Posted by Kelvin MacKenzie

Anyway, more bad news for Scotland comes to me via an eagle-eyed column reader at the Fairmont Hotel in Abu Dhabi.

At the reception, the currency board shows that for the English pound you get 5.12 dirhams, while the Scottish pound only gets you 4.98.

[img]Download Failed (1)[/img]

[Osem]

Originally Posted by nomadking

If that is the case, why did debt start rising in 2001/02? Did the banking crisis start back then?
Labour increased the debt from £316bn in 2000/01 to £1,101bn in 2010/11. That's a trebling of debt.
Public sector borrowing was slightly less in 2013/14(98.5bn) than in 2008/09(100.8bn).
As the table I found says:-

You forgot to remind this guy who knighted Sir Fred Goodwin so I'll do it for you. It was Gordon Brown and Labour who feted and rewarded the bankers during the time all this was going on. He was so busy spending all the tax revenues they were generating that he didn't want to know what was underpinning it all. If anyone's to blame for their excesses and lack of accountability it's them, not those who've had to pick up the pieces.

[nomadking]

Originally Posted by Osem

You forgot to remind this guy who knighted Sir Fred Goodwin so I'll do it for you. It was Gordon Brown and Labour who feted and rewarded the bankers during the time all this was going on. He was so busy spending all the tax revenues they were generating that he didn't want to know what was underpinning it all. If anyone's to blame for their excesses and lack of accountability it's them, not those who've had to pick up the pieces.

Doesn't answer my question as to, if borrowing rose because of the banking crisis in 2008, why did the public debt start rising 8 YEARS BEFORE that? Your reasoning that Gordon Brown was "busy spending all the tax revenues they were generating" doesn't explain increases in borrowing. If there were increased tax revenues then no need for increases in borrowing.

[nashville]

Originally Posted by techguyone

I find it hard to take seriously any party that says we're in deep trouble and must cut everything to the bone to recover, whilst simultaneously giving away 12 BILLION/Yr in Foreign Aid (and making it law to give away 0.7 GDP/Yr too)

That's 1.5x NHS btw.

It is a disgrace to send money to India and they can afford to send rockets to the moon,

---------- Post added at 11:50 ---------- Previous post was at 11:47 ----------

Originally Posted by heero_yuy

Paywall linky

So Labour are going to soak the usual milchcows.

---------- Post added at 10:08 ---------- Previous post was at 09:55 ----------

Here's an amusing snippet, seems somebody thinks Scotland has it's own pound:

We were in Bulgaria one year and the Scottish pound was far less than the English pound, Why this is God knows

[Osem]

I'm not questioning what you wrote which I agree with. The City was helping to prop up Brown's spending and he was far too busy doing all of that to want to listen to the warnings being given by insiders as to what was going on inside the likes of Northern Crock, B&B, HBOS etc.

Borrowing clearly didn't rise simply because of the banking crisis, before any of that came to a head it rose because Labour have always had a tendency to spend money they don't have. The whole PFI thing was a device by which to hide massive additional borrowing. They were desperate to cling onto power and the last thing they wanted to do was to have to cut spending, welfare etc. just before an election and that's why Brown didn't want to intervene in the brewing banking crisis earlier than he was eventually forced to.

Labour have released their manfesto:

http://www.labour.org.uk/blog/entry/...manifesto-2015

Most interesting part is that they want to replace the House of Lords with an Elected Senate of the Nations and Regions.

[richard s]

About time I say.

[Gary L]

Labour will abolish the bedroom tax.

they're on to a sure winner with that one already.

Cut tuition fees from £9,000 to £6,000 a year.

a sure winner on that one too.

They will ban zero hour contracts.


Remember. it's a vote to Win.
vote Labour!
make the sun shine on Britain again!

Dave made it dull and gloomy.