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Angmeringite
Senior Member

152 Posts

Posted - 22 Mar 2011 :  13:59:25  Show Profile
http://www.guardian.co.uk/news/datablog/2010/oct/18/deficit-debt-government-borrowing-data#zoomed-picture


Rather strange to me how this looks.
Looks like maybe Labour weren't really any worse that the tories
in terms of the budget deficit but they managed to improve most of
our public services with around the same borrowing and in fact out of the years labour were in power 4 of them were in surplus.
And only started to dramatically increase when the global economy crisis hit 2007 onwards..

Edited by - Angmeringite on 22 Mar 2011 15:25:21

Angmeringite
Senior Member

152 Posts

Posted - 24 Mar 2011 :  11:20:10  Show Profile
http://www.bloomberg.com/news/2011-03-24/u-k-said-to-prepare-sales-of-rbs-lloyds-stakes-for-pre-election-windfall.html

Well Done Gordon Brown for Such a wise investment...
Even though the Tories were against doing so you have been proved right..
Just a shame that the Tories will no doubt use the money to bribe their way through the next Election...

Edited by - Angmeringite on 24 Mar 2011 11:21:30
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angmeringpaul
Senior Member

United Kingdom
234 Posts

Posted - 27 Mar 2011 :  18:10:40  Show Profile
I thimk Gordon Brown could take some pride in this if he had had any real choice in doing it which he did not.
I think he would be better remembered had he not sold the nations gold reserves at historicly low prices and blatently robbed the pension funds of millions in his time as chancellor.
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Angmeringite
Senior Member

152 Posts

Posted - 28 Mar 2011 :  08:22:53  Show Profile
Do you think this lot will do any better?

Remember Black wednesday And the ERM...

Edited by - Angmeringite on 28 Mar 2011 08:59:07
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angmeringpaul
Senior Member

United Kingdom
234 Posts

Posted - 28 Mar 2011 :  10:46:59  Show Profile
Only time will tell. I don't believe coalitions are a great recipe for success but it wasn't a coalition that was responsible for Black Wednesday or the ERM fiasco. So far the policy of debt reduction makes a great deal of sense.

Governments seem to perform terribly after their second term in government (re Conservatives John Major Labour Blair>Brown).

Arrogance, complacency and corruption seem to take over
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Angmeringite
Senior Member

152 Posts

Posted - 29 Mar 2011 :  10:45:22  Show Profile
Sorry But i don't think it's a prpoer coalition as Clegg has proved tiime and time again,
he just follows the Tory line...
So we have A Tory Goverment by default.
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angmeringpaul
Senior Member

United Kingdom
234 Posts

Posted - 29 Mar 2011 :  15:29:47  Show Profile
Its true that the Conservatives have the upper hand-they did win a lot more seats after all!
The Lib Dems can bring down the government at any time if they wish as the Conservatives do not have an overall majority. That how it works (or doesn't)with coalitions.
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