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| Rebalancing the economy? Yeah right! | |
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| Topic Started: Feb 7 2015, 06:42 PM (513 Views) | |
| Tigger | Feb 7 2015, 06:42 PM Post #1 |
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Senior Member
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This is why the Tories must go, sure the alternative is Labour but in fairness what have we got to lose? Given the fact that the balance of payments is the worst in several years, the march of the manufacturers has been struck down with arthritis and the nation is splashing the plastic once again and all this with stagnant wages and dire productivity. I'm wearily coming to the conclusion that the Tories are even more economically illiterate that Labour. |
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| Tigger | Feb 9 2015, 09:46 PM Post #41 |
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Senior Member
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At the risk of sounding like a broken record we do not know that for certain, and yes we know about the tax they pay and the people they employ but we do not have ANY figures about what FS takes out of the economy or the damage it has done and continues to do. |
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| RJD | Feb 10 2015, 05:44 PM Post #42 |
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Prudence and Thrift
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I think you have to manage with perspective. Governments are constrained in what they can do, all Economists said that we needed more infrastructure civil engineering projects and that we had to get Builders building again, so how. The Gov. chose to support a method that encourages 1st time buyers to buy. Personally I am not happy with the idea that individuals are encouraged to take on such debts which are life long commitment unless their finances are reasonably secure. You will recall that the last lot took the opposite point of view and the outcome was Northern Wreck. That said, in the last 4 years the amount of private debt has declined, unfortunately the public debt has not and Labour certainly will see to it that it will increase a lot more. So if you think that Labour will have the bottle to crush the habit I believe you are deluded as they have always been addicted to spending well beyond our means. Based on statements thus far Labour policies are unlikely to bring the national debt down to safe levels, considered to be ~40% of GDP before 2070, the Tories claim they intend to achieve this some 40 years earlier, mind you I do not believe they have much chance of achieving such an objective, but at least they recognise the problem. If you want to see more manufacturing in the UK then first you need to improve labour productivity rates and to do this you will need to address education, skills and work-ethics. As the German lady said who spent a year working in a UK factory "how do they have so much time to chat, I chat during the lunch break and am paid to work". |
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| Affa | Feb 10 2015, 07:18 PM Post #43 |
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Senior Member
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Looking at what Government can actually do, if there is the 'will' to do it ..... invade countries, prop up failed banks, give £bns away in foreign aid, then I simply ignore the rest since the premise it is founded on is another fabricated excuse. ...... your previous post is littered with such falsities, such mistaken assertions. The constraints i see are largely ideological wrong headedness |
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2:30 PM Jul 11