Archive for the ‘debt’ Category
Posted by michael on October 16, 2011
Some people are attacking the current government over the UK economy. They tend not to mention at all the huge mess that 14 years of Labour has caused the UK.
The trade unions are complaining about the UK economy. Strange that – they obviously expect people not to know the the Trade Unions own the Labour party and are therefore themselves responsible for the awful state of our economy!
Labour even took over with the ‘golden inheritance’ and Labour still spent all the money and left the UK population with massive debts to pay off!
Do people expect the current government to continue to spend money as the last lot did?
I am not well off! Should I keep borrowing and to hell with the consequences?
Should I cheat and steal from people who have got the things that I want? Should I try to con someone else out of their possessions?
Of course some people in the UK are well off. Best of luck to them. I hope they choose to spend their wealth to help others. But it would be wrong to make them do this!
Many people in the UK are suffering because of the actions of the last government. I just hope that we don’t go the way of Greece!!!
Posted in ConLib, Conservatives, debt, economy, labour, socialism, Trade Unions, UK Economy | Tagged: financial, government, money, recession | Leave a Comment »
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 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 April 7, 2011
It is interesting to see all these anti-cameron/conservative posts on the various newspaper forums.
The comments tend not to be at all constructive, simply slagging off cameron or clegg or the conservatives in general.
These people all have short memories – it was the Labour government that so messed up our economy that the UK needs to cut costs which means some public services need to be reduced.
The coalition government is not cutting services for fun! It has to be done to avoid the same fate as Ireland suffered and Portugal has now fallen into.
Being taken over by the IMF has a dramatic affect on the public services on the country. The UK has avoided this disaster so far.
Remember the IMF taking over a failed UK economy before? That was a Labour government – they seem to make a habit of almost bankrupting UK economies!
Posted in benefits, Blogroll, ConLib, Conservatives, debt, economy, labour, Lib Dems, UK Economy | Leave a Comment »
Posted by michael on February 10, 2011
The more we find out about the appalling (in my view) Labour government of the last 13 years, the more debt is revealed that we are now having to pay for.
Did anybody in the last government stand up against this lemming-like drive by Blair and Brown to just spend, spend and spend public money regardless of the debt being built up for future generations?
No wonder student loans have to be increase! No wonder we are having to cut public services!
These cuts are not the fault of the current government. They are having to be done because of the actions of the last Labour government.
I cannot imagine why anyone would ever trust a Labour government again! (especially when the current opposition consists mostly of the same people who made such a mess of our economy!)
Posted in benefits, Blogroll, ConLib, Conservatives, council tax, debt, economy, labour, Lib Dems, UK Economy | Leave a Comment »
Posted by michael on February 4, 2011
Labour broke ALL of its election promises to the people of the UK with its inept and incompetent management of the UK economy under Brown.
The dreams and plans of so many people and families in our country went down the plughole with our economy!
Higher costs, lower incomes, damaged lives – all the legacy of the New Labour term in power.
Don’t blame those who are having to repair the damage that was done by the last government.
Posted in benefits, Blogroll, Conservatives, debt, economy, labour, nhs, UK Economy | 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 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 »
Posted by michael on May 17, 2010
We are beginning to get the true state of the UK economy revealed to us. What is being revealed in the public domain shows that the Labour government have been misleading us on the true state of the UK economy.
Can anybody really now doubt that Gordon Brown has been the worst Prime Minister that the UK has had in modern times? Yet Gordon Brown has a reputation for ‘economic prudence’ and competence as the chancellor and then the unelected Prime Minister.
How did he manage to fool so many people for so long? The awful financial state of the UK economy did not happen overnight or suddenly occur in the last few months!
During the election campaign New Labour and Brown campaigned on the basis of Brown’s prudence and reputation in managing the economy!!!
Nearly all of us are going to go through difficult times with our finances and with cuts in services because of the lousy New Labour government that we have had for the last 14 years!
Posted in Blogroll, ConLib, Conservatives, credit crunch, debt, economy, financial, labour, Lib Dems, national health service, tax, UK Economy, Uncategorized | Tagged: conservative, credit crunch, david cameron, debt, economy, gordon brown, government, greedy, recession, UK Economy | Leave a Comment »
Posted by michael on May 17, 2010
I have banged on and on about the state of the UK economy and the financial problems ahead for all of the taxpayers (in particular) and those needing health services etc.
The new government have now had a chance to look at the UK accounts. We are getting hints as to what they are finding!
Cameron said on Sunday that that an audit of the government’s books had already found some “crazy” spending decisions!
Unfortunately these hints all point to a very bad time for the people of the UK.
A BBC report includes the following quotes:
Mr Osborne said Labour’s economic forecasts had mostly been wrong and “almost always in the wrong direction“.
Liberal Democrat David Laws, the Chief Secretary to the Treasury, said the task ahead was “colossal” and that Labour had left the public finances in an “unacceptable” state.
Mr Laws said his predecessor, Liam Byrne, had left him a letter saying simply: “ Dear chief secretary, There’s no money left. “
So what can we make of this? Our level of borrowing is massive. Huge amounts of debt is not even counted as UK debt, because it has been included in the PFI debt levels. This includes the money borrowed to pay for the schools and hospitals. Other debts, also not included in the national debt, include the modernising of the UK trains.
Can the UK afford to repay all this debt when the UK is in such a financial mess? If not we could go the way of Greece!
Yet some of these same New Labour MPs are vying for the leadership of the Labour party!
Posted in benefits, Blogroll, ConLib, Conservatives, credit crunch, debt, national health service, recession, tax, UK Economy, Uncategorized | Leave a Comment »
