Posts Tagged ‘borrowing’
Posted by michael on September 1, 2010
However clever Blair thinks that he is, the reality is that he came into power with the Golden Inheritance from the last Conservative government, and once he had spent that, New Labour carried on spending driving the UK into more and more debt .
We are now in the worst debt situation in modern times, and the candidates for the Labour leader are mostly those who helped to put us into severe debt!
Are there any potential Labour leaders who could run the UK in a sensible, moderate way? I think not!!!!
Posted in Blogroll, election, UK Economy, Uncategorized | Tagged: borrowing, debt, labour, recession, tax increases, war | 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 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, labour, recession, UK Economy, Uncategorized | Tagged: abuse, bankers, borrowing, debt, government, greedy, recession, repossession, 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 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 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
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 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 »
Posted by michael on May 1, 2010
No Mr. Brown, You have not paid a big price for your ‘bigot’ comment.
You have paid a big price for taking the ‘Golden Inheritance’ from the last Conservative government and turning this pot of gold into the most massive debt that all of us in the UK will now have to suffer for years to pay back.
I do not understand how you even think that you have a chance of getting re-elected when you have caused such an economic meltdown of the UK finances.
You are almost the last person in the world who can claim to be capable of sorting out the mess which you caused in the first place!!
We have huge debt levels as a result of your financial policies. Our debt risks becoming junk which will cost us all even more of our money.
And your campaign for the election is based on increasing our debts even more because you don’t feel that you should start to reduce UK debts for the next year. Which will cost us all more money and increased debt.
Posted in Blogroll, Conservatives, credit crunch, economy, Euopean Union, financial, labour, national health service, nhs, recession, tax, UK Economy, Uncategorized, war | Tagged: afghanistan, bankers, borrowing, cost of living, credit crunch, gordon brown, government, greedy, iraq war, new labour, nhs, recession | Leave a Comment »
Posted by michael on April 28, 2010
I still fail to understand how Brown can claim the credit for creating many thousands of new jobs and allowing nearly all of them to be taken by people from outside the UK.
Doesn’t Brown understand that UK citizens need those jobs. If non UK citizens take the jobs then most of the earnings go back to their home country to benefit their government!
This was effectively an investment in a foreign government, not a policy to help the UK.
Posted in Blogroll, Conservatives, credit crunch, debt, election, financial, national health service, nhs, recession, UK Economy, Uncategorized | Tagged: borrowing, families, gordon brown, government, greedy, recession, tax increases, UK Economy | Leave a Comment »
