Archive for the ‘debt’ Category
Posted by michael on May 3, 2012
The Bank of England governor says that they should have done more to prevent the economic policies of the last Labour government from bring the UK economy to its knees!
Unfortunately we also had an economic illiterate government which appeared to have little understanding of how to run a country.
How any government could believed that simply spending money and incurring such massive debts was actually a credible economic policy is beyond me.
Labour must have had so many warnings from the civil servants and the government advisers and completely ignored them all.
In my view their actions bordered on criminal negligence!
Yet the majority of the labour ministers are now in the shadow cabinet and are actively campaigning against the economic measures required to sort out the mess the UK economy is in.
Does Labour like the idea that most people in the UK are suffering from the economic policies required to sort out their mess? Or are they so controlled by the unions, who after all own the Labour party, that they are not allowed to approve of financial policies that are designed to fix the UK economy abut but would reduce the standards of living for the union members?
Posted in Conservatives, credit crunch, debt, economy, labour, socialism, Trade Unions, UK Economy | Leave a Comment »
Posted by michael on April 25, 2012
Another pathetic performance by Milliband! I don’t believe that any opposition leader has ever had such an open goal to aim at with the state of our economy!
Yet Milliband is unable to capitalize on it.
The real problem that Milliband has is that Labour actually caused the financial problems that the UK is suffering from!!
So everytime Milliband, or any Labour MP, stands up to loudly criticize Cameron and the Conservatives, they are actually criticizing themselves and the inept Labour government which was last in power and which had left the UK economy in such a total mess!
Posted in debt, economy, labour, socialism, UK Economy | Leave a Comment »
Posted by michael on March 24, 2012
The Health service will die if we continue spending vast amounts of money on it.
Of course the UK economy will also collapse and the IMF will have to come in (as they did before to a Labour government who couldn’t live within the countries finances).
If we do not manage our spending then the UK economy will resemble the Greece economy and the impact on everyone in the UK would be huge!
In that situation the NHS would be forced to operate on a significantly reduce budget!! We have to cut the costs of the NHS and make the necessary changes so that the UK can afford to pay for it.
It does not mean that we will have a worse NHS! We just have to make it more efficient and cost the taxpayers less. Of course this is a concept that Labour does not understand!!
Posted in Conservatives, credit crunch, debt, economy, financial, nhs, UK Economy | Tagged: nhs | Leave a Comment »
Posted by michael on March 21, 2012
People will always remember that New Labour came within an inch of destroying the UK economy.
We see Greece and all its woes and we were so, so close to that because of the inept (in my view) management of the UK economy by New Labour, Blair and Brown.
The next four or five elections will all take place with the UK in serious debt and unable to spend money on many infrastructure projects, benefits, pensions, housing etc that we should have because a huge amount of our money will still be going on clearing Labour’s debts.
The debt figures are massive. We still have to pay for many of the new hospitals, schools etc that Labour built on borrowed money. Other projects that Labour undertook need vast amounts of public money to clear the debts. Many of these debts were excluded from the UK debt figures so people would not realise how bad the UK economy actually was!!
It looked good at the time but these debts need to be paid back! And the debts and the interest on the debts are paid back by the taxes we pay!
The slogan ‘there is no money’ will haunt Labour at election times and, hopefully, keep them out of power for a long time. And if people don’t like this forecast just think of what Greece is going through. We were so, so close to going the same way!
Posted in Blogroll, Conservatives, debt, economy, socialism, tax | Tagged: debt | Leave a Comment »
Posted by michael on February 23, 2012
Having just heard a summary of the RBS debts, and how they got into that position in the first place, I would actually want to encourage those people who are obviously working very hard to stop the bank from going bust.
The RBS debt alone is apparently twice the amount owed by Greece and, yes, a lot of the debt is owed by Greece so we won’t get that back!
If we pay peanuts we will get monkeys, and I know that monkeys may well have done a better job if they were running the bank at the time of the boom, but now we need people who can do the job properly and professionally for the sake of all of us!
If the people running RBS at the moment can fix it then we will all benefit and it will be worth the money we have to pay them to do the job properly.
Perhaps we would all feel better about this crisis if those Labour shadow ministers who created this awful mess in the first place had their own pensions and salaries cut to pay towards the financial crisis most of us are suffering from!
Posted in banks, Blogroll, Conservatives, debt, economy, UK Economy | Leave a Comment »
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 »
