cast iron Posted June 11, 2019 Share Posted June 11, 2019 don't forget the short reign of Tony Brown who sold our gold reserves Quote Link to comment Share on other sites More sharing options...
jim_l Posted June 11, 2019 Share Posted June 11, 2019 On 09/06/2019 at 12:09, DonPeffers said: https://fullfact.org/economy/public-debt/ In May 2010, when the Con/Dem Coalition began, the national debt inherited from Labour (excluding debt held by public sector banks) was £1.03 trillion. As of March 2019 it had risen to £1.80 trillion. The latest figure is £1.94 Tn. A bit too easy to point that out but omit this, from the same page? "Public sector net debt was £347 billion in 1996/97, the year before Labour came into office, and £1,011 billion in 2009/10, their last financial year in power" So, neither party can run the economy, and neither party , for all of their slogans , seems able to improve the plight of working men and women, which is in a consistent 15 year decline (all over Europe, as it happens). This for me is at the root of the issue - we exist in a Single EU market where the minimum wage (RU/BU) is 200 Euros a month, why on earth would anyone make anything in the UK, where the minimum wage is 8 times that? ( JLR making thousands redundant here while building a £1 billion plant in Slovakia?) The low-wage economy can never pay off it's debt, people on low wages pay no tax, in fact fewer and fewer net taxpayers are subsidising the low paid through benefits. So, Hobson's choice , more Tories, rich get even richer, or Labour, whose scary manifesto includes lots of 'we will spend more' , a trillion more. Quote Link to comment Share on other sites More sharing options...
Kingster Posted June 11, 2019 Share Posted June 11, 2019 On 09/06/2019 at 19:40, jeff oakley said: I knew Arthur Scargill as all my family worked in the mines ...one of my close mates was his press secretary. Small world... Quote Link to comment Share on other sites More sharing options...
DonPeffers Posted June 11, 2019 Author Share Posted June 11, 2019 34 minutes ago, jim_l said: "Public sector net debt was £347 billion in 1996/97, the year before Labour came into office, and £1,011 billion in 2009/10, their last financial year in power" So, neither party can run the economy, and neither party , for all of their slogans , seems able to improve the plight of working men and women, which is in a consistent 15 year decline (all over Europe, as it happens). This for me is at the root of the issue - we exist in a Single EU market where the minimum wage (RU/BU) is 200 Euros a month, why on earth would anyone make anything in the UK, where the minimum wage is 8 times that? ( JLR making thousands redundant here while building a £1 billion plant in Slovakia?) The low-wage economy can never pay off it's debt, people on low wages pay no tax, in fact fewer and fewer net taxpayers are subsidising the low paid through benefits. So, Hobson's choice , more Tories, rich get even richer, or Labour, whose scary manifesto includes lots of 'we will spend more' , a trillion more. Agreed. Quote Link to comment Share on other sites More sharing options...
Alan France Posted June 11, 2019 Share Posted June 11, 2019 Here’s £1.94Tn rounded. £2,000,000,000,000,000,000 Quote Link to comment Share on other sites More sharing options...
Man On The Clapham Omnibus Posted June 11, 2019 Share Posted June 11, 2019 Obviously Brexit uncertainty has caused terrible damage to the UK economy. Wage growth stronger than expected and employment figures best since 1974. Terrible... BBC News 1 1 Quote Link to comment Share on other sites More sharing options...
pistonbroke Posted June 12, 2019 Share Posted June 12, 2019 I was thinking exactly the same , after all the doom and gloom remainers had predicted financial disaster for all Quote Link to comment Share on other sites More sharing options...
Gerry H Posted June 12, 2019 Share Posted June 12, 2019 Having had their predictions of post-vote disaster proven dramatically and catastrophically wrong, the'experts' are still predicting disaster post Brexit. Apparently, we didn't know what we were voting for. I know who I won't be voting for in future. Quote Link to comment Share on other sites More sharing options...
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