Archive for the ‘credit crunch’ Category
Posted by michael on October 5, 2011
People will have more money available by reducing the burden of debt. But I agree that it won’t be in the short term.
It all very well needing people to spend more to help the economy, but the banks will just keep increasing interest rates to benefit themselves!
There still won’t be much money for households to spend more!!
The best thing for the economy is for the banks to reduce interest rates! But there is no way that they will because they only care about their profits! Banks have become parasites on the consumers of our nation!
Posted in banks, credit crunch, debt, economy, UK Economy | Tagged: consumers, growth, uk | Leave a Comment »
Posted by michael on August 13, 2011
I was quite surprised to see the following item in the Daily Mail. I know that it is my view that Labour did immense harm to the British society, in particular to our children, whilst in power for 14 years.
But I did not expect the Labour party to actually agree!!
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Ed Miliband has admitted Labour is to blame for undermining the ethics of British society.
The Labour leader conceded yesterday that the moral decay which David Cameron has blamed for the looting occurred on Tony Blair and Gordon Brown’s watch.
He admitted: ‘We did better at rebuilding the fabric of our country than the ethic of our country.’
But in his most provocative comments on the causes of the riots, Mr Miliband claimed that the mayhem of the last week was partly caused by poverty, an argument already made by his deputy Harriet Harman.
‘We have got to ask why do we have people in our society who feel that the way they can get on and the right thing to do is go and nick the telly, engage in the kind of looting we saw,’ he said. ‘We have got to avoid simplistic answers. There’s a debate some people are starting: is it culture, is it poverty and lack of opportunity? It’s probably both.’
Polls show that the public rejects claims from left-wing politicians that poverty and cuts causes lawbreaking.
One survey this week found that just 8 per cent of voters believe the Government’s cuts were to blame for the riots.
Mr Miliband said the riots showed young people have no ‘sense of right and wrong’ and sought to claim the rioters were the same as bankers. ‘It’s about irresponsibility, wherever we find it in our society.’
Read more: http://www.dailymail.co.uk/news/article-2025457/London-riots-2011-Nick-Clegg-denies-rift-police-says-ministers-arent-trying-armchair-generals.html#ixzz1UvlnUABL
Posted in Blogroll, credit crunch, crime, recession, riots | Tagged: riots, youth | Leave a Comment »
Posted by michael on July 4, 2011
Ed Milliband is apparently wondering where Labour go from here!
It is clear from events over the last 40 years that Labour stands for one thing only. That is the desire/need to spend all the UK’s money and to tax us all significantly more simply because Labour needs to keep spending!
This urge to SPEND is at the heart of Labour. Just look at history!
Either the IMF come in to fix the economy following a Labour government OR the Conservatives have to sort out the UK economy which a subsequent Labour government simply bankrupts again!
People might not mind this inbuilt desire for Labour to bankrupt us every time they are in power IF we got some long term benefits from it. But we don’t!!
In fact we are nearly always left far worse off financially following a Labour government!
Note to Ed Milliband: The problem that you have is that Labour almost bankrupted the UK last time in power and it will be difficult to exceed this achievement when you next get into power.
But I am sure that the next Labour government will find a way!!!
Posted in Blogroll, Conservatives, credit crunch, economy, education, election, financial, national health service, recession, tax, Trade Unions, UK Economy | Leave a Comment »
Posted by michael on June 25, 2011
I abhor the very idea of the European Union and that we should pay for another countries incompetence in running their own economy! The Greeks appear to have totally mismanaged their economy and deserve what they are going through! But I am also aware that the UK economy is also in a perilous state following 10 years of a Labour government. If our economy collapses as has happened in Greece, would the rest of the EU refuse to help us financially on the basis that it was self-inflicted damage by Brown, Darling and the last Labour government?
Posted in ConLib, Conservatives, credit crunch, national health service, nhs, recession, Trade Unions, UK Economy, Uncategorized | Leave a Comment »
Posted by michael on June 22, 2011
The unions and the Labour party need to learn the financial lessons that Greece is now going through! Labour totally messed up the UK economy in their time in power!!
Yet the unions, who own labour, want to have their cake and eat it!!
The unions striking for more money and less cuts is so, so cynical. The Labour party caused the financial problems in the UK yet they don’t want any consequences of their own actions to affect themselves and their members.
The trade union members did not cause the problems BUT they voted for the people who did! The cuts have to be made or the UK will go the way of Greece. Doesn’t anyone in Labour remember the consequences of the IMF running the UK after a previous Labour government bankrupted the UK economy?
I hate this greedy, selfish attitude of the trade unions. As long as they are OK it doesn’t matter what happens to anyone else!!!
Posted in Blogroll, Conservatives, credit crunch, debt, economy, labour, recession, Trade Unions, UK Economy | Leave a Comment »
Posted by michael on December 12, 2010
All those against the Conservative government are still pushing this line that Clegg is ‘dishonest’ and breaks his pledges.
But it is blatantly obvious to everyone, except those with a separate agenda, that Clegg could NOT expect the Conservatives to adopt all the LibDem policies.
The Libdems are lucky to get ANY of their policies adopted – they could not get into power on their own!
But note that the leaders of these protests were at first all carrying socialist and trade union banners.
These are the people who started the protest and they are simply trying to attack the Conservative government by damaging the coalition.
Many of those well-intended students are politically naive and have been taken advantage of by the socialists.
Put the blame for this chaos where it really belongs, that is on the trade unions and Labour.
Posted in Blogroll, ConLib, Conservatives, credit crunch, economy, education, labour, Lib Dems, UK Economy, Uncategorized | Leave a Comment »
Posted by michael on November 24, 2010
Labour have not had any political direction or identity since blair became their leader.
Blair got the country to vote for him on personalities not politics.Labour did not seem to have any idea of what to do once they were in power!
The result was that Labour almost ruined the UK economy and put the UK into serious debt.
We almost went the way of the Irish economy. The election came just in time for the Conservatives to halt the inevitable economic crash that Labour overspending would have caused!
The new Labour leadership are mostly the same bunch that almost destroyed the UK economy.
How can anyone ever expect them to behave differently in the future?
Posted in Blogroll, ConLib, Conservatives, credit crunch, economy, recession, UK Economy, Uncategorized | Leave a Comment »
Posted by michael on June 23, 2010
Listening to Alistair Darling one would not realise that he had been the Chancellor of the Exchequer for a Labour government that brought the UK economy to its knees, leaving us all with massive debts for a generation!
Instead he talks as though knows what the current government should be doing!
I know what his record as Chancellor was. Spending money that the UK did not have! Borrowing more and more money to keep going!
They blamed the ‘global’ recession and ignored the fact that the UK suffered badly from the recession because Labour changed the way that the financial industry was regulated. The controls that would have prevented so much damage to the UK economy were no longer in place!
But my main criticism of the Brown/Darling Labour government is that they just kept borrowing money to keep the economy going.
It was clearly more important to them that they stayed in power even if it meant that the people of the UK were saddled with debts for the next twenty years!
They kept themselves in power at the expense of us all.
Subsequently I am not interested in the opinions of Darling, Brown or any of the Labour ministers on what the Conservatives and Lib Dems are doing!
In fact it would concern me if Brown or Darling agreed with the way the ConLib coalition were working to fix the UK economy from the consequences of 13 years of New Labour government!
Posted in Blogroll, ConLib, Conservatives, credit crunch, debt, economy, financial, labour, Lib Dems, recession, tax, UK Economy, Uncategorized | Tagged: borrowing, cost of living, david cameron, economy, gordon brown, new labour, recession, tax increases, UK Economy | Leave a Comment »
Posted by michael on June 14, 2010
I would like to see an official investigation into what Brown, Darling and Labour were telling us about the UK economy.
The UK economy is in a very poor state yet if one had believed the last Labour government then everything was really OK. Brown emphasised his ‘prudence’ in dealing with the economy.
Yet we now find that the debts are more than anyone imaged, and the UK growth figures have been exaggerated.
Although Labour lost many seats, their share of the vote was higher than expected.
I do wonder how many people were misled by Labour emphasising that prudent Brown has the economy in control!! I know of some people who voted for Labour because Brown was seen as more competent to look after the economy.
Of course these people now know that Brown did not have the economy under control. They now know how much in debt Labour have plunged the UK into.
As far as I am concerned there should be very few people who will ever be able to trust a Labour government again!
Posted in benefits, Blogroll, credit crunch, election, financial, labour, UK Economy, Uncategorized | Tagged: credit crunch, economy, gordon brown, government, labour, new labour, UK Economy | Leave a Comment »
Posted by michael on June 7, 2010
There are still Labour supporters saying that we must maintain the same level of spending on public services!!
These dinosaurs of economic thinking do not seem to understand that the UK simply does not have the money to spend on these high levels of public sector jobs and services.
All public sector jobs are paid for through the taxes of everyone in the UK.
Both Darling and ‘call me prudent Brown’ simply borrowed the money to pay for their public sector improvements. Anyone who thinks that this practice could go on and on is not being sensible!
How Labour thought that they could get away with it is staggering! It was always going to end in a financial crash and/or the IMF coming in to run the economy (as has happened before with Labour in power!)
Labour, new or otherwise, have shown themselves to be unfit for government, especially whilst they have ministers from the Brown government in the Labour party!
There are even Labour supporters still saying that we must maintain the same level of spending on public services!!
These dinosaurs of economic thinking do not seem to understand that the UK simply does not have the money any more to spend on these high levels of public sector jobs and services.
All public sector jobs are paid for through the taxes of everyone in the UK. Both Darling and ‘call me prudent Brown’ simply borrowed the money to pay for their public sector improvements.
Anyone who thinks that this practice could go on and on is not being sensible! How Labour thought that they could get away with it is staggering!
It was always going to end in a financial crash and/or the IMF coming in to run the economy (as has happened before with Labour in power!)
Labour, new or otherwise, have shown themselves to be unfit for government, especially whilst they have ministers from the Brown government in the Labour party!
Posted in benefits, Blogroll, ConLib, Conservatives, council tax, credit crunch, debt, economy, financial, labour, Lib Dems, national health service, nhs, tax, UK Economy, Uncategorized | Leave a Comment »
