Archive for the ‘debt’ Category
Posted by michael on May 16, 2010
It is my view that none of the ministers from the last failed Labour government are fit to be the leader of the Labour party!
They are all responsible for being part of what has probably been the worst Labour government of modern times.
Brown and Darling will take more of the blame and responsibility by virtue of their positions in the government.
But all the senior ministers have been part of a government which has almost bankrupted the UK, taken us to unnecessary wars and brought our economy to its knees.
What short memories they have!!
How can any of these people have any credibility with any financial policies that they may want to promote.
They are all already tainted with a message of financial failure and will carry this message of failure for the rest of their lives!
Posted in afghanistan, Blogroll, credit crunch, crime, debt, economy, financial, iraq, labour, military, national health service, nhs, recession, UK Economy, Uncategorized, utility, war | Tagged: banks, borrowing, cost of living, credit crunch, debt, economy, election, government, recession, repossession, tax increases, UK Economy | Leave a Comment »
Posted by michael on May 12, 2010
We effectively have a coalition government now.
It means that the two parties need to make some compromises of their policies to avoid friction. But that happens anyway within a single government!!
The Conservatives have a left and a right wing which have to work together.
New Labour have Blairites and Brownites who have to work together!
So the idea of rifts and splits with the government is no more than happens in every government!
But I also see this as an equivalent to the war-time coalition government of 1945. We have serious financial problems with the UK close to bankruptcy and the risk of the IMF coming in to run the UK.
So, excluding Labour because they caused the problems by a lack of thrift and what I see as the worst government and the worst prime minister in modern times, the coalition of the Conservatives and the Libdems will be more than competent in resolving the financial mess inherited from Brown!
Posted in Blogroll, Conservatives, credit crunch, debt, economy, Lib Dems, national health service, nhs, recession, tax, UK Economy, Uncategorized, utility | Tagged: bankers, conservative, conservative government, credit crunch, david cameron, government, parliament, UK Economy | Leave a Comment »
Posted by michael on May 12, 2010
I have NO sympathy with Brown and how he is going to cope now he has given up politics. Brown has left an awful mess for us all to suffer and pay for over the years to come.
Brown is not going to struggle to pay his bills but the consequences of his term in power is that millions of people are going be in financial difficulties with extra taxes, extra charges, unemployment and a lower standard of living.
The population of the UK are going to change their views of Brown, Blair and New Labour once the consequences of this failed government start to effect them.
Posted in benefits, Blogroll, Conservatives, credit crunch, debt, election, financial, health, Lib Dems, recession, tax, UK Economy, Uncategorized | Tagged: conservative, cost of living, credit crunch, david cameron, debt, government, labour, recession, repossession, tax increases, UK Economy | Leave a Comment »
Posted by michael on May 11, 2010
At last, I have waited a long time for this!
One thing for sure, I was not wrong about my not wanting a Labour government over the last 14 years! It was always going to be a disaster, the only difference this time is that it has taken longer than normal for New Labour to collapse!
I have always known that this government would end in a financial crisis with serious consequences for the people, because that is what Labour governments do!
Our debt levels are massive. People will be very shocked when they see the extent of our indebtedness and the consequences that it will have on them.
Brown kept us ignorant of the state of the economy during the election period. Why? If there was any good news about our economy don’t you think that it would be exploited during the election campaign?
This policy prevented the opposition to give us their detailed plans, but it also hid the state of the UK economy during the election!
I trust that the Conservatives will give us a full statement about the economy as soon as possible, because they won’t want to be blamed for the huge debts that Brown has incurred in our name! But it is a balancing act because it could unsettle the financial markets.
Cameron will find it difficult increasing taxes and raising extra money from us all unless people understand that this is needed to repay debts incurred by Brown and New Labour!
Yes we have more new schools and hospitals now. But the country needs to know if we have actually paid for them already or are we going to have to pay for them out of increased taxes for years to come in the future?
Blair and Brown took over running the country 14 years ago. They started with the ‘Golden Inheritance’ from the last Conservative government. Until the Credit Crunch (Oh why did Brown change the banking regulations which resulted in us suffering so much from the Credit Crunch!!!) the UK was doing well.
Since the Credit Crunch all this government seem to have done is to increase our indebtedness, even to the extent of giving money away to other countries!
We now seem to have a Conservative government about to take over. They have to deal with a real mess. We will suffer financial pain as a result. But don’t blame the Conservatives who are sorting it out. Blame the Blair, Brown and Darling for their inept management of the economy which has dumped us with all this debt!
Posted in Blogroll, Conservatives, council tax, credit crunch, debt, election, financial, labour, Lib Dems, recession, UK Economy, Uncategorized | Tagged: bankers, conservative, credit crunch, david cameron, debt, economy, election, gordon brown, government, labour, recession, tax increases, UK Economy | Leave a Comment »
Posted by michael on May 8, 2010
Gordon Brown – power at any cost!! He has lost the election but is not man enough to resign.
He must be able to see the damage that New Labour have done to the UK over the last 14 years.
I have no doubt that Brown is the worst leader that the UK has had in modern times.
Brown has a reputation of being ‘strong on the economy’. Where did this come from? Why does anyone believe it?
Brown started power with the Golden Inheritance from the last Conservative government and has turned a strong UK economy into a basket case in 14 years!
The UK economy now has huge debts which are going to take years to pay off. We are all going to heavily taxed in everything we do or buy. We have years of austerity ahead of us. Our economy is being mentioned in the same sentences as Greece (and not as an example of what a good economy should be).’
Brown is ‘capable of managing our economy’ – no, Brown has proven that he is not able to manage the UK economy. The proof is all around you!!!
Posted in Blogroll, Conservatives, credit crunch, debt, financial, labour, national health service, nhs, recession, tax, UK Economy, Uncategorized | Tagged: borrowing, brown, conservative, cost of living, credit crunch, david cameron, debt, election, gordon brown, repossession, UK Economy | Leave a Comment »
Posted by michael on May 5, 2010
This is what Gordon Brown has refused to tell people. The perilous state of the UK economy has been ignored by Gordon Brown during this election. Yet it is probably the most important topic of the whole election.
Gordon Brown has hidden the true state of the UK economy from us.
New figures from the European Commission revealed today that the UK budget deficit will outstrip any country in the EU this year – including Greece.
European Commissioner Olli Rehn warned that the UK’s ‘very high’ public debt presents ‘by far the first and foremost challenge’ to the winner of tomorrow’s general election.
We are prime candidates to go the same way as Greece and need to be bailed out by the IMF.
This is why Labour do not deserve to get back into power!!
Posted in benefits, Blogroll, credit crunch, debt, economy, financial, labour, nhs, recession, tax, UK Economy, Uncategorized, utility | Tagged: bankers, borrowing, credit crunch, debt, economy, election, families, gordon brown, government, recession, repossession, tax increases, UK Economy | Leave a Comment »
Posted by michael on May 4, 2010
Some of the Labour leadership are now telling people not to vote for Labour but to use ‘tactical’ voting instead.
This indicates that Labour’s internal polling and analysis of voting intentions is showing Labour that they cannot win the election.
It could even be showing that the Labour party is heading for a massive defeat, possibly placing them in third place.
The Labour leaders are panicking big time in telling their people not to vote for them. Peter Hain is quoted as saying ‘I think it’s important for people to act intelligently in this election‘.
I certainly agree with that and the intelligent option is to throw this lousy government out of office!
Posted in Blogroll, Conservatives, credit crunch, crime, debt, financial, labour, national health service, nhs, recession, tax, UK Economy, Uncategorized | Leave a Comment »
Posted by michael on May 4, 2010
The end for Brown is nigh once his own supporters are saying things about Brown such as ‘he is the worst Prime Minister the UK has had’.
I can see where these people are coming from!
New Labour, that is Gordon Brown and Tony Blair, came into power taking or themselves what is called ‘the Golden Inheritance’ of the previous Conservative government.
Whatever Labour supporters say about their view on the Conservative party, the ‘Golden Inheritance’ is fact!!
So what has Gordon Brown , and one cannot exclude Tony Blair in this criticism, done with such an inheritance and such a strong economy over the last 14 years?
The answer is clear and very damning to the reputations of both Brown and Blair as well bringing the Labour party into disrepute.
The answer is that they turned a booming economy and a Golden Inheritance into the biggest debt that the UK has ever had (possibly even including the war years).
Our debt levels are so high that the UK risks the same financial treatment as Greece! Every person in the UK is now going to have to pay for years to come increased taxes and higher prices.
When one looks at the state of the economy when Brown came into power, and the complete mess that he has made of the UK economy, then it is a no brainer that he really is the worst prime minister the UK has ever had.
He hasn’t had to deal with any real crisis except the ones he caused, such as the banking crisis and the credit crunch. His answer to any problems is to simply spend more of our money.
Brown wanted to pay MPs more money without raising their salaries, so he changed the rules for MPs expenses allowing MPs to claim for so much more and, the critical point, having all these extra expenses approved by the officials running the system.
Claiming that our soldiers had ‘all the equipment’ they needed when the snatch land rover was clearly vulnerable to roadside bombs was either not understanding what was going on or the wrong attitude towards the safety of our soldiers!
Think back to all the failures of computer systems implemented by this government. They might have worked eventually but almost all of them failed when first introduced.
What was good economic management in taxing people’s pensions as Brown personally introduced? Reducing pensions reduces quality of life for retired people. It also means many people will have to work for longer. What was the point of doing this? We do not have enough jobs for everyone as it is!!
The NHS receives so much money that it really has no reason not to be an excellent service! But what about the care of the elderly and the long-term sick? Do these aspects of the NHS work well? I suggest not. Just read how the elderly and those with dementia etc are treated.
I suggest that Brown really does deserve the title of ‘worst prime minister’ in modern times.
Posted in benefits, Blogroll, credit crunch, debt, Euopean Union, labour, military, mp expenses, national health service, nhs, recession, tax, UK Economy, Uncategorized, war | Tagged: afghanistan, bank, bankers, benefit, benefits, borrowing, conservative, credit crunch, david cameron, economy, election, gordon brown, government, iraq war, nhs, repossession, UK Economy | 1 Comment »
Posted by michael on May 3, 2010
What an economic mess has been made by this Labour government!
It does not surprise me that white-collar ‘boom’ towns in the South have been turned to benefit blackspots under this lousy government.
These towns are truly representative of the way that Brown and Labour have managed the UK economy. They have brought us to the brink of bankruptcy!
It may even be too late to avoid the IMF taking over the running the UK economy.
It looks like Labour are going to be punished by the electorate for their appalling management of the UK. I don’t want people blaming all politicians in general for the mess that Brown, Blair and Labour have made of the UK! The fault is with Labour and it is Labour that should be punished!
Posted in Blogroll, credit crunch, crime, debt, Euopean Union, financial, labour, national health service, nhs, recession, UK Economy, Uncategorized | Tagged: conservative, cost of living, david cameron, debt, economy, gordon brown, government, recession, repossession, tax increases, UK Economy | Leave a Comment »
Posted by michael on May 2, 2010
Gordon Brown appears to be finding out on the doorstep that people do not like the financial mess that he and New Labour have landed us in.
And all of the Labour supporters who voted for Labour should be feeling very guilty about the economic mess that the people they voted for landed us in.
If you voted for Labour just don’t complain about the extra taxes you will have to pay over the years and the increased prices for everything you want to buy and the necessary cuts in public services that have to take place!
Posted in benefits, Blogroll, credit crunch, debt, financial, labour, national health service, nhs, recession, tax, UK Economy, Uncategorized | Tagged: bankers, borrowing, credit crunch, debt, economy, election, government, greedy, labour, recession, repossession, tax increases, UK Economy | Leave a Comment »
