The UK is already in a recession.
Labour Shadow Government Bullshit thread
- The Tick
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- Zambo
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Re: Labour Shadow Government Bullshit thread
Not as deep as it will be.
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Re: Labour Shadow Government Bullshit thread
Oh dear.
Funny how these myths roll on.
Despite having to throw billions at bailing out banks over-reaching themselves after Tory encouragement the debt under Brown was about one quarter of the debt this lot have clocked up, even with austerity. Oh and the overall tax level ( remember for many of us VAT costs us more than income tax) is the greatest since 1948.
And that's without the terminal damage Truss tried to inflict.
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Re: Labour Shadow Government Bullshit thread
There is nothing myth-like about a Labour Government promising to sort the economy and then proceeding to bankrupt the country. They even left a note admitting it.
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- Holden Mcgroyne
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Re: Labour Shadow Government Bullshit thread
What Tory encouragement was that ? Labour bankrupted the country on its ownSunbeam Alpine wrote: ↑Mon Mar 11, 2024 3:53 pmOh dear.
Funny how these myths roll on.
Despite having to throw billions at bailing out banks over-reaching themselves after Tory encouragement the debt under Brown was about one quarter of the debt this lot have clocked up, even with austerity. Oh and the overall tax level ( remember for many of us VAT costs us more than income tax) is the greatest since 1948.
And that's without the terminal damage Truss tried to inflict.
There's no poem, just prose.
- Zambo
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Re: Labour Shadow Government Bullshit thread
Liam Dominic Byrne is yer man. Give him a call.
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- Vespa
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Re: Labour Shadow Government Bullshit thread
Not sure this government has been a economic powerhouse. Shame neither Tory or Labour can have a sensible conversation about national debt and investments.
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Re: Labour Shadow Government Bullshit thread
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Re: Labour Shadow Government Bullshit thread
I'm no financial expert, and have no idea if countries can technically be called bankrupt, but the debt at that time was 1.2 trillion and we had fuck all money left, so we were practically bankrupt. The next Government was forced to introduce unprecedented austerity measures.
So if it wasn't bankruptcy make up another name.
So if it wasn't bankruptcy make up another name.
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Re: Labour Shadow Government Bullshit thread
Zambo wrote: ↑Mon Mar 11, 2024 6:05 pm I'm no financial expert, and have no idea if countries can technically be called bankrupt, but the debt at that time was 1.2 trillion and we had fuck all money left, so we were practically bankrupt. The next Government was forced to introduce unprecedented austerity measures.
So if it wasn't bankruptcy make up another name.
The UK didn't declare bankruptcy nor did it default on any debt. The tories introduced their austerity measures due to ideological zeal.
So no, it wasn't bankrupt in 2010.
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Re: Labour Shadow Government Bullshit thread
The austerity measures were introduced because a Labour Government left the country broke and destitute. Byrne is still embarrassed about it now.
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Re: Labour Shadow Government Bullshit thread
The austerity measures were introduced because it's what the Conservatives had wanted to do all along. The 2008 economic crisis caused by reckless bankers was a convenient cover for all that.
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Re: Labour Shadow Government Bullshit thread
Arguing over tax and borrowing by the next government is a little silly given whatever party wins the next election will have to tax more and borrow.
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