Chaos .... (as well as debt !)

Now the shaming of Red Ed's Welsh NHS sparks political storm

www.dailymail.co.uk/news/article-2802361...r.html#ixzz3GrIiLfmN

In The Know (as always) wrote:
Chaos .... (as well as debt !)

Now the shaming of Red Ed's Welsh NHS sparks political storm

www.dailymail.co.uk/news/article-2802361...r.html#ixzz3GrIiLfmN

Same clueless government we go now.

Amazing how many of the same dirty tricks the Tories using these days, are the ones that Blair used.

obviously the teaching of the English language didn't improve under the last Labour government either !

what you get with Labour is what you get with Tories.

same same.

In The Know (as always) wrote:
obviously the teaching of the English language didn't improve under the last Labour government either !

Nor did paying off the National Debt....We're in a boom,it should be going down with all the austerity....it's far higher than even the poxy excuse of compound interest you came up with!

The deficit is down by a third (it would have gone up with Labour) ... and thanks to us lifting millions out of tax altogether (and giving a tax cut to 30 million people with increased personal allowances) - tax receipts are down (hardly surprising !)

To reduce the deficit and cut tax is quite an achievement, and with more people in work than ever before - 30.6 million, the future is looking OK.

Mr Silliband would just borrow more money and chuck it against a wall.

Still, I'm sure the fruit-bats could do better !
Being extreme right wing they would start by exterminating all the scroungers.

GDP rises 0.07 in third quarter - not as good as hoped but what do you expect when all your customers are suffering.

Gross domestic product (GDP) was 3% higher in the three months than the same period in 2013.

Onwards and Upwards with the Tories -
or back to the treadmill with Labour ?

Why then does the National Debt (which you still simply ignore) continue to increase at an alarming rate - now approaching £1.5 trillion?

In The Know (as always) wrote:
GDP rises 0.07 in third quarter - not as good as hoped but what do you expect when all your customers are suffering.

Gross domestic product (GDP) was 3% higher in the three months than the same period in 2013.

Onwards and Upwards with the Tories -
or back to the treadmill with Labour ?

www.ukpublicspending.co.uk/uk_national_debt

National debt in 2010 was £0.76 trillion

National Debt in 2014 is £1.26 trillion

Even allowing for inflation/compound interest at say 5% it should be nowhere near that figure...this is an economic boom,tax revenues should rise...so Where is the money?....no doubt ITK has an answer?

See the Looney EU want more of your money ITK.....few more votes for UKIP...as The Tories just waffle,UKIP has a very real answer!

ROSS1938 wrote:
Why then does the National Debt (which you still simply ignore) continue to increase at an alarming rate - now approaching £1.5 trillion?



With you on this one

The third quarter figure will raise concerns that the recovery will fall victim to the slowdown affecting the eurozone.

However, the UK still looked set to be the fastest-growing advanced economy this year.

Chancellor George Osborne said that growth in manufacturing and construction as well as services was very encouraging. "The UK is leading the pack in an increasingly uncertain global economy," he added.
www.bbc.co.uk/news/business-29752338

Of course, until we clear Labour's deficit (down by a third - but still some way to go) - we cannot even begin to clear the national debt.

In The Know (as always) wrote:
The third quarter figure will raise concerns that the recovery will fall victim to the slowdown affecting the eurozone.

However, the UK still looked set to be the fastest-growing advanced economy this year.

Chancellor George Osborne said that growth in manufacturing and construction as well as services was very encouraging. "The UK is leading the pack in an increasingly uncertain global economy," he added.
www.bbc.co.uk/news/business-29752338

Of course, until we clear Labour's deficit (down by a third - but still some way to go) - we cannot even begin to clear the national debt.

Osborne talks like Hayek but spends like Keynes!

And the Bank Of England is flooding the market with cheap money. This might be ok in the short term, but how long can this go on without creating another bubble (house prices etc.)?

It's almost 2015. And you're still peddling the myth of "Labour's deficit"?

Fastet growing advanced economy? That's (just) an statistical effect due the big drop of the British economy.

Pattaya wrote:
ROSS1938 wrote:
Why then does the National Debt (which you still simply ignore) continue to increase at an alarming rate - now approaching £1.5 trillion?

With you on this one

As you having difficulty comprehending, try reading THIS post s l o w l y ....

www.kingofhits.co.uk/index.php?option=co...limitstart=20#122085

.... then digest .... think about it .... and then (and ONLY then) please explain HOW any of the National Debt can be reduced (by anyone) when we are STILL paying out more each month that we are receiving (hence extra borrowing) in order to fulfil Labour's overspend ?

How is this impossibility to be achieved ?

UNTIL we clear Labour's deficit - and start making a profit - we have no spare cash to reduce any debt.

(Wonga have a calculator on their website to help you to work it out !)

In The Know (as always) wrote:
Pattaya wrote:
ROSS1938 wrote:
Why then does the National Debt (which you still simply ignore) continue to increase at an alarming rate - now approaching £1.5 trillion?

With you on this one

As you having difficulty comprehending, try reading THIS post s l o w l y ....

www.kingofhits.co.uk/index.php?option=co...limitstart=20#122085

.... then digest .... think about it .... and then (and ONLY then) please explain HOW any of the National Debt can be reduced (by anyone) when we are STILL paying out more each month that we are receiving (hence extra borrowing) in order to fulfil Labour's overspend ?

How is this impossibility to be achieved ?

UNTIL we clear Labour's deficit - and start making a profit - we have no spare cash to reduce any debt.

(Wonga have a calculator on their website to help you to work it out !)

Like arguing with a 'lobotomy case'!
The national debt is up over 50%,far higher than compound interest can account for...he's just not collecting the taxes,and giving away too much to the rich....arise Sir Hedda,slayer of silly Adam Smith/Thatcherites!!...please teach this guy some basic economics ....

Oh dear ... and these people are allowed to vote !

NOTHING has been PAID because we have not earnt anything !

Until we get the deficit down (more spending every month than earning) there is NOTHING left to reduce the debt with !

I ask again .... How is this impossibility to be achieved ?

Labour's debt + compound interest (on enormous sums) + extra borrowing EVERY month to pay for the commitments left by Labour !

Why did they scrap the 11+ ?????

Got it now ?

Has the penny finally dropped ?

This article - from Oct 2010, just a few months after the Coalition got into power, sums up the problems rather well ....

all below from - www.dailymail.co.uk/news/article-1316660...ebt-pay-defence.html

Government borrowing hit £1,000,389,000,000 at the end of March - or £40,000 per household - the Office for National Statistics said.

The figure is so enormous, equivalent to more than one million million pounds, that the country must pay £40billion interest on it in this year alone - roughly what is spent on the entire defence budget.

It follows unprecedented levels of spending under Labour which saw the Government borrow nearly £450million a day under Gordon Brown.

But the £1trillion figure does not include items such as the cost of public sector pensions and private finance initiatives.

Experts believe the true debt, including these hidden items, is between £4trillion and £5trillion.

The sooner we get the deficit down, the sooner we can get these payments under control. The longer we leave it, the more unfair it is on the vulnerable who suffer most when valuable taxpayers’ money has to be used to pay off interest.’

Britain’s state debt is now equivalent to 71.3 per cent of gross domestic product, the ONS said.

It is expected to hit £1.3 trillion in the next five years - although this does not include hidden items such as the cost of public sector pensions.

Labour’s new leader Ed Miliband said the Coalition proposals were ‘reckless’.

He said he would put up taxes to protect public services from spending cuts.

But ministers insisted that not tackling the deficit would lead to a loss of confidence in Britain and lead to a Greek-style debt crisis.

David Cameron said Mr Miliband’s refusal to face up to the problem was ‘completely betraying’ the national interest. The Prime Minister said: ‘If you are trying to do this job properly it is not about being popular, it is about trying to do what is right.’


www.dailymail.co.uk/news/article-1316660...ebt-pay-defence.html

In The Know (as always) wrote:
Got it now ?

I got it years ago ITK,I'll bring you back an abacus....you may never get to international economic level,but there's a job at the Bakewell Chineese Takeaway up for grabs

Pat - ITK's education continues slowly and his wikipedia quotes are now the norm. Although his analysis is sadly flawed, he has made some progress - as, a few weeks ago, he didn't know the National Debt existed - and ridiculed those of us who brought it up.....

ROSS1938 wrote:
Pat - ITK's education continues slowly and his wikipedia quotes are now the norm. Although his analysis is sadly flawed, he has made some progress - as, a few weeks ago, he didn't know the National Debt existed - and ridiculed those of us who brought it up.....




ITK is known for turning a blind to his beloved Tories, if Labour got in we still have a clueless government but in red.

ROSS1938 wrote:
Pat - ITK's education continues slowly and his wikipedia quotes are now the norm. Although his analysis is sadly flawed, he has made some progress - as, a few weeks ago, he didn't know the National Debt existed - and ridiculed those of us who brought it up.....