greenmark wrote: ↑Thu Nov 07, 2024 7:06 pm
Archery1969 wrote: ↑Thu Nov 07, 2024 6:52 pm
greenmark wrote: ↑Thu Nov 07, 2024 6:37 pm
I think the title of this thread could easily be converted to 14 years, 14 years, 14 years.
I'll criticise Labour and have. But let's not forget how we got in this mess.
True but didn’t Labour leave a note saying there was no money the last time they were in power ?
But, when was the last time the UK had a budget surplus, think it was 2000/2001 ?
Indeed. All the more reason to leave govt with the economy in better shape.....and the Tories (the party of economic prosperity) left us worse off. Forget covid, Ukraine. The Tories have wrecked this country. It was all "nowt to do with us. Roll back regulation and the market will provide".
Absolute total nonsense that the last 14 years has proved. The Tories couldn't run a p**s up in a brewery.
Are people forgetting COVID which the government of the day spent £360 billion on, that’s the real number regardless of bribes, wastage and fraud. Include all those then it’s £410 billion.
That’s a large amount, which was borrowed, had to be paid back at 3.4%.
With those numbers then the £22 billion black hole or revised down one of £9.6 billion by the OBR seems to be chicken feed in comparison.
Strange thing is Mr Blair (Labour) is stated on record saying he wouldn’t have paid furlough at 80% but left it upto HMRC to determine how much each household needed.
I know full well greenmark you don’t care about money owed by the government but your can’t borrow it at 0% interest and eventually you have to pay the capital back.
Reeves has now borrowed a further £70 Billion on top and hoping/preying the UK economy grows at a rate it has never done since pre 1900.
The UK is now in a massive gamble at the poker table. What’s worse is that Mr Orange might inadvertently seriously damage the UK economy further.
People are not going to feel richer during this parliament, the next one or even the one after that.
Let’s all hope there isn’t another pandemic and/or war affecting the UK.
I remember when my NatWest Piggy Bank was empty. My Dad said ‘Tough’, go get a paper round or Saturday morning job.
It’s the same with government public finances, if you can’t afford it, then don’t do it otherwise your saddling future generations with debt which they had no say in.
Anyway, all good, peace.
