Posts Tagged ‘debt’
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 April 22, 2011
The Libdems will get their missing supporters back – as long as they stick to putting the UK economy FIRST before their own interests as a party.
They are taking most of the flak from the socialists and the press who see them as a soft target, and a possible way to break the coalition.
Most of the attacks are at a personal level, which means that the opposition to the coalition have no genuine arguments to make!
The socialists still don’t understand that they are the ones who almost bankrupted the UK economy through inept policies and a lemming-like compulsion to borrow, borrow and borrow money until the whole country was in deep doodoo!
We are all suffering from the consequences of the last Labour government, and this will impact our lives for quite a few years to come.
Thanks Gordon!
Posted in UK Economy | Tagged: coalition, debt, deep debt, labour, libdem, useless | Leave a Comment »
Posted by michael on March 25, 2011
Did the last Labour government actually understand anything about the value of money, savings and debt?
Brown was happy to put extra taxes on everyones pension payments even though it would have a detrimental affect on our pensions and lives when we retired.
Labour was very happy to borrow as much money as they could, without any apparent regard to the fact that these debts would have to be paid back at some stage in the future.
Did Brown understand that repaying this debt was to come out of our, the peoples, pockets and the whole process would mean increased taxes that would have serious consequences on peoples jobs and lives?
If Labour did not understand what they were doing then it is a plain case of incompetence.
If they did understand what they were doing then they were choosing to bring financial pain and suffering on us all when it became time to repay the debts.
Posted in benefits, Blogroll, Conservatives, UK Economy | Tagged: brown, debt, government, incompetence, labour | Leave a Comment »
Posted by michael on March 23, 2011
Much better budget than I expected, considering the mess that Labour left for the Conservatives to sort out!
Milliband just doesn’t cut it as the opposition leader.
The government is very constrained on what it can do simply because of the huge amount of debt left by the last Labour government.
Yet Milliband did not seem to able to respond with any real criticism – he seemed to be completely out of his depth!
No wonder really! I have just heard the UK debt level is so high that the debt repayment each hour of each day is enough to build a primary school!
Posted in UK Economy | Tagged: budget, conservative, debt, uk | Leave a Comment »
Posted by michael on January 4, 2011
I have just seen Labour’s Alan Johnson on tv going on about how the Conservatives shouldn’t be raising extra taxes. I find it so cynical that he can criticise the Conservatives when they are trying to fix the complete mess that Labour made of the economy in their 13 years of power!
If the Labour cabinet know so much about solving the UK’s economic problems then why did they allow such a mess to occur in the first place?
Labour inherited a sound economy from the Conservatives. It was referred to at the time as a ‘golden inheritance’. They even continued with the Conservative policies for a few years!
Then they started spending and incurring more and more debt for us all to pay off!
The best thing that the Labour shadow ministers can do for the country is to stay very quiet while they read and understand basic books on economics!!!
Posted in UK Economy | Tagged: conservative, debt, economy, labour, tax, taxes, uk | Leave a Comment »
Posted by michael on October 21, 2010
Just a timely reminder that we are in such a financial mess affecting so many people BECAUSE the governments of Brown and Blair failed so spectacularly in their stewardship of the UK economy.
The overspending started with blair! Labour started their period in government with the ‘Golden Inheritance’ from the previous Conservative government.
We had a few years of a stable, profitable economy. Then Blair and Brown started spending the money.
Then the debt started to increase. Blair even introduced the Private Finance Initiate (PFI) which allowed them to build UK debt levels but keep the amounts secret, they weren’t counted as UK debt. Other debt figures e.g. British Rail debt, was also excluded for the total UK debt.
Yet Labour still continued to borrow and spend!!
People are complaining about having the cuts impacting them, their work and our society.
They should be complaining, but their anger should be targeted against Brown, Blair and Labour!!
These are the ones who have caused the mess that the UK economy is in.
Of course the world financial situation has been bad.
But the UK is so weak financially that it is costing us all cuts in jobs, money, services etc. to get the UK economy back on a stable footing.
Posted in UK Economy | Tagged: budget, cuts, debt, financial mess, labour, uk | Leave a Comment »
Posted by michael on September 13, 2010
It doesn’t matter which Milliband or which person wins the Labour leadership contest!
Almost all the candidates were personally part of the appalling government of blair and brown.
How can these people campaign against the ConLib government when they were part of the government that made such a financial mess our economy.
Every time they try to speak about the economy they will be reminded that they caused the problems in the first place!
It show the bankruptcy of the Labour party that there are no better candidates than those who are standing for the Labour leadership!
The Union leaders are promising demonstrations on our streets to protest against cuts. What a shame they allowed blair and brown to do so much damage to our economy in the first place.
The union leaders should now keep silent whilst the government works to sort the UK economy out!
Posted in Blogroll, ConLib, Conservatives, economy, Lib Dems, recession, tax, UK Economy, Uncategorized | Tagged: conservative, debt, economy, government, new labour, recession, UK Economy | Leave a Comment »
Posted by michael on September 12, 2010
Our Union leaders sicken me. They have been the paymasters of the Labour government that has brought the UK to the brink of bankruptcy, and caused us all the financial problems that we have now!
Will they take responsibility for their role in the failed government that has brought such financial problems upon us?
The answer is NO!
They are so blinkered that they want all the jobs kept , all the services maintained and all the wages paid as though there were no problems with the economy.
And, of course, they want their salaries paid, together with all the benefits they get.
What self-centered people these union leaders are!
Posted in Blogroll, labour, recession, UK Economy | Tagged: debt, labour, recession, tax increases, UK Economy, union leaders | Leave a Comment »
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 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, economy, recession, UK Economy, Uncategorized | Tagged: conservative, cost of living, credit crunch, david cameron, debt, economy, household, recession, tax increases, UK Economy | Leave a Comment »
