Archive for the ‘financial’ Category
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, Lib Dems, UK Economy, credit crunch, debt, economy, financial, labour, recession, tax | Tagged: borrowing, cost of living, economy, new labour, recession, tax increases, UK Economy, gordon brown, david cameron | 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 Blogroll, UK Economy, benefits, credit crunch, election, financial, labour | 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 Blogroll, ConLib, Conservatives, Lib Dems, UK Economy, benefits, council tax, credit crunch, debt, economy, financial, labour, national health service, nhs, tax | 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, Lib Dems, UK Economy, credit crunch, debt, economy, financial, labour, national health service, tax | Tagged: conservative, credit crunch, david cameron, debt, economy, gordon brown, government, greedy, recession, UK Economy | Leave a Comment »
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 Blogroll, UK Economy, afghanistan, credit crunch, crime, debt, economy, financial, iraq, labour, military, national health service, nhs, recession, 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
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 Blogroll, Conservatives, Lib Dems, UK Economy, benefits, credit crunch, debt, election, financial, health, recession, tax | 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, Lib Dems, UK Economy, council tax, credit crunch, debt, election, financial, labour, recession | 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, UK Economy, credit crunch, debt, financial, labour, national health service, nhs, recession, tax | 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 Blogroll, UK Economy, benefits, credit crunch, debt, economy, financial, labour, nhs, recession, tax, 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 5, 2010
It has been an interesting pre-election period.
I think that the Gordon Brown and New labour campaigning has been quite shameful and cynical.
The insistence of campaigning by scare tactics intended to worry the vulnerable and the elderly will be how history records the New Labour campaign.
There has been a lot of this negative campaigning from New Labour. Even Gordon Brown has been telling people what the Conservatives are going to do rather than being focused on what New Labour propose!
The Libdems have participated in the campaign much more than normal. There is still the risk that they will be squeezed out by the two main parties, except possibly in marginal seats where tactical voting would seem to be going to take place! It would be good if they replaced New Labour forever as the second party in the UK.
I believe that the UK is in a critical point in its history. The UK is so seriously in debt that we have to get this under control very fast. It is not just the published debt figures. Most of the new schools and hospitals have been built on debt that is accumulated in the Private Finance Initiate (PFI). The PFI debt includes a lot of debt from various sources and is not included in the UK official debt figures.
New Labour took the Golden Inheritance from the last Conservative government and turned it into a recession with the UK so saddled with debts that we will all be paying back the debts for many years to come.
We will all be taxed very heavily to screw more money out of us. We will all have to pay higher prices for everything we buy, including electricity and gas!
The UK is at risk of going the same way as Greece, with our debt getting junk status.
New Labour, that mostly means Gordon Brown, has caused the banking crisis (Brown took away controls on the banks which led to the credit crunch and recession) and has brought the UK to the brink of bankruptcy.
I haven’t even mentioned the wars in Iran and Afghanistan which we should not be involved in!
Labour have failed us, they do not deserve to be in power again.
Posted in Blogroll, Euopean Union, UK Economy, afghanistan, credit crunch, crime, financial, immigration, iraq, labour, national health service, nhs, recession, tax, war | Tagged: afghanistan, bankers, credit crunch, debt, government, greedy, labour, new labour, nhs, parliament, repossession, tax increases, UK Economy, war | 1 Comment »
