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Topic History of: UK economy grows AGAIN !
Max. showing the last 5 posts - (Last post first)
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White Badger |
In The Know wrote:
White Badger wrote:
Not if the government was a Labour/Conservative Coalition
Such partnerships worked well in both world wars
... so well that Churchill was kicked out as soon as the war was over
So well that both wars were won |
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In The Know |
White Badger wrote:
Not if the government was a Labour/Conservative Coalition
Such partnerships worked well in both world wars
... so well that Churchill was kicked out as soon as the war was over !!! |
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In The Know |
Foz wrote:
Debt would obviously rise during recession - unemployment and low profits means less tax receipts, more benefits and generally governments spending more than they receive.
I wonder how much the debt would be if the last Government was still in power??
Quite correct, Foz - glad someone on this board understands economics !
The important thing to remember is that as we are reducing (not fast enough !) the drain on resources of those who are claiming but not entitled, we will be a stronger leaner machine when the economy turns round.
With Labour still in power we would be borrowing to pay the interest on the borrowing (its called Balls-law !) ... except that we wouldn't; the money lenders would have cut-off our money supply by now and we would be in the same position as Eire, Greece, Portugal etc - no money (and certainly no money to pay the scroungers !)
The Labour folks are too thick to understand that ......... |
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White Badger |
Ben 6 wrote:
- but the party that does so will quickly become unelectable...
Not if the government was a Labour/Conservative Coalition
Such partnerships worked well in both world wars |
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Ben 6 |
Foz wrote:
Debt would obviously rise during recession - unemployment and low profits means less tax receipts, more benefits and generally governments spending more than they receive.
I wonder how much the debt would be if the last Government was still in power??
The answer to your question will never be known and your points are largely accurate.
However the sign of good governance, during a recession, is to attempt to reduce costs/expenditure - in line with a smaller income.
Under the Tories, in only three years, the national debt has almost doubled (as previously indicated). Such a huge rise has never taken place before in peace time, in such a short time.
Currently, the two biggest budgets the UK has (by far) are Pensions; £140b and Health Care; £125b.
Undoubtedly, these figures must be cut drastically - but the party that does so will quickly become unelectable...
A vicious circle.
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