Archive for the ‘recession’ 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 22, 2010
How could the Labour reply to the coalition budget not include any acknowledgement that their term in government was the cause of the budget that they are attacking?
Labour cannot claim that the crisis was caused by the banks system failures. If Labour had proper controls in place the banks would not have got into the mess that they did.
Labour don’t have a right to complain about the new government fixing the economic mess that Labour made when they were in power.
How could the Labour reply not include any acknowledgement that their term in government was the cause of the budget that they are attacking?
Labour cannot even claim that the crisis was caused by the banks system failures. If Labour had proper controls in place the banks would not have got into the mess that they did. Labour don’t have a right to complain about the new government fixing the economic mess that Labour made when they were in power.
Posted in Blogroll, ConLib, Conservatives, UK Economy, economy, recession | Tagged: conservative, cost of living, credit crunch, david cameron, debt, economy, household, recession, tax increases, UK Economy | Leave a Comment »
Posted by michael on June 11, 2010
There can no longer be any doubt that the New Labour government of Brown and Blair has been the worst government that the UK has had in modern times.
Governments are supposed to serve the people, but New Labour do not seem to have considered the needs of the people at all!!
Almost everything they have done whilst in power is about them. Even though the UK had run out of money because of the ruinous policies of New Labour, government ministers still went on a spending spree after they knew that they were going to be thrown out of government!
How could any minister sanction spending sprees at the end of their term in government when they knew how bad the debt situation was.
I would like to see an investigation into what happened in the last few months of the New Labour government. One reason why this is necessary is that several of these Labour ministers are trying to elected as the new Labour leader. We should know now whether they are fit and competent people to potentially be in government again!
Posted in Blogroll, UK Economy, labour, recession | Tagged: abuse, bankers, borrowing, debt, government, greedy, recession, repossession, 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 Blogroll, ConLib, Conservatives, UK Economy, benefits, credit crunch, debt, national health service, recession, tax | 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
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, Lib Dems, UK Economy, credit crunch, debt, economy, national health service, nhs, recession, tax, 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 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 10, 2010
One thing I have learnt overt he last 14 years is to listen properly to what Gordon Brown and other Labour leaders say!
It sounded like Brown said that he was going to resign, but he qualified the statement every time he said it.
Brown said clearly two things:
1. Brown will stay to sort out the new government
2. He also said that he would stay to sort out the economic mess. Now this alone could take 10 years!!
The next Labour conference is in September I believe. There is no way that the financial mess that the UK is in could be sorted out by then so there is no way the Brown would resign at that time!
Labour don’t seem to like have elected leaders! Do they really believe that none of the potential leaders are good enough to be selected by the UK voters? It is beginning to look like they are either scared of elections or have a total contempt for them!
The UK economy is in a terrible mess. Is Brown desperate to prevent other people from seeing the UK Books? Are they possibly so bad that Brown will do anything he can to stay in power!
Posted in Blogroll, UK Economy, credit crunch, election, labour, recession | Leave a Comment »
Posted by michael on May 8, 2010
Of course the Liberals want electoral reform. They are a small political party without that much support in the UK.
They have a reasonable amount of support but not as much as the two main parties. So why do they want political power which exceeds the size of the party itself?
The political power is in the two larger parties and, strangely enough, there are many, many more citizens of the UK who are members and/or supporters of the two larger parties.
I am concerned that many people are now proclaiming the praises of the LibDems, just because they are comparing the TV performances of three individuals.
An idiot savant could stand up neatly dressed in front of a TV audience and say exactly the right things and come over as a pleasant human being and end up being elected to run the country. Is this what we want? To measure potential prime ministers by their abilities to perform on TV and to select them on that basis?
Posted in Blogroll, Conservatives, Lib Dems, UK Economy, credit crunch, labour, national health service, nhs, recession, tax | Tagged: credit crunch, david cameron, debt, economy, gordon brown, nhs, recession, repossession, UK Economy | Leave a Comment »
