Funny when things change though. Before losing the AAA rating it was the most important thing to judge the country's economy by; as soon as we lose it then it's relevance suddenly disappears in a puff of spin.
It was all the Tories ever harped on about wan't it?
'Labour will lose us our precious credit rating....'
Well, well, look who really did go an lose us our credit rating. Not only that, they asked us personally to categorically judge their economic capability on them keeping or losing it.
'Labour will lose us our precious credit rating....'
Well, well, look who really did go an lose us our credit rating. Not only that, they asked us personally to categorically judge their economic capability on them keeping or losing it.
Also why is it that now it is lost it is not important after all.
Osborne 2009: 'Printing money last resort of desperate govts'
The Bank today increased its QE programme by a shock £75bn in a bid to kick-start the UK’s ailing economy. Previously only £50bn had been discussed as a possible rise. It is the first time the Bank has issued QE under the coalition government. The first round - which pumped £200bn into the economy - happened under Labour.
ln 2009 Osborne, then shadow Chancellor, slammed Labour Chancellor Alistair Darling's emergency plan to print more money. Osborne said at the time: "The very fact that the Treasury is speculating about printing money shows that Gordon Brown has led Britain to the brink of bankruptcy.
"Printing money is the last resort of desperate governments when all other policies have failed.
well there's plenty of stuff you can blame on labour
The banking crisis, horsemeat, Fredos going up to 20p, Justin Beiber's existence, X-Factor still being on TV, Manchester United being top of the league, the death of Elvis and the list goes on. :rolleyes:
The banking crisis, horsemeat, Fredos going up to 20p, Justin Beiber's existence, X-Factor still being on TV, Manchester United being top of the league, the death of Elvis and the list goes on. :rolleyes:
Proof that we really are up shit creek, we have no industrial base that can make and export, and anyone who thinks labour has the answer is a deluded fool.
Proof that we really are up shit creek, we have no industrial base that can make and export, and anyone who thinks labour has the answer is a deluded fool.
Well, we now know that the Tories clearly don't have the answer and they have made things worse; of that there is no doubt.
Proof that we really are up shit creek, we have no industrial base that can make and export, and anyone who thinks labour has the answer is a deluded fool.
Have faith, the Tories will pull us out but it could get worse before it gets better, they have done it before and they will do it again.
This country has been in more debt for the vast majority of the last 200+ years.
As far as the Tories pulling us out of it goes, they are now hugely responsible for escalating any mess and putting us further into debt (and for not the first time either)..
Comments
It was all the Tories ever harped on about wan't it?
'Credit rating, credit rating, credit ratin.... etc etc'
'Labour will lose us our precious credit rating....'
Well, well, look who really did go an lose us our credit rating. Not only that, they asked us personally to categorically judge their economic capability on them keeping or losing it.
Also why is it that now it is lost it is not important after all.
I have no idea, lets ask the spanish government.
Which bit have I made up?
try reading the questions again if you find it difficult.
Labour and welfare are not correct...but you knew that anyway...
The plot worked.....thanks for the anticipated response.....:)
Are you looking forward to Carney's tenure then?
I don’t anticipate that his appointment will have any impact on my financial status.
That seems to be their favourite tactic when they've run out of criticisms to make about Labour.
well there's plenty of stuff you can blame on labour
The banking crisis, horsemeat, Fredos going up to 20p, Justin Beiber's existence, X-Factor still being on TV, Manchester United being top of the league, the death of Elvis and the list goes on. :rolleyes:
I don't think we can blame Horsemeat on Labour.
Horesemeat was definitely caused by the Tories.
Well, we now know that the Tories clearly don't have the answer and they have made things worse; of that there is no doubt.
No DNA traces of benefits claimants have been found in our pies.
Everything I said was correct. I wouldn't have said it otherwise.
Debt as a percentage of GDP 2008
Japan 167 %
Italy 106.1
Euro area 70.2 %
USA 69 %
Germany 66.8 %
France 68.2 %
UK 52.3 %
Have faith, the Tories will pull us out but it could get worse before it gets better, they have done it before and they will do it again.
http://en.wikipedia.org/wiki/United_Kingdom_national_debt
That graph:
http://en.wikipedia.org/wiki/File:UK_GDP.png ,
really does show up the hyperbole for all it is.
This country has been in more debt for the vast majority of the last 200+ years.
As far as the Tories pulling us out of it goes, they are now hugely responsible for escalating any mess and putting us further into debt (and for not the first time either)..
Who said the size of the debt doesn't matter?
When a government is so hellbent of forcing through ideological ideals at the expense of any growth that would allow for debt to be paid back.
http://translate.google.co.uk/#zh-CN/hi/growth
Growth-( Translate from Socialist-Speak to English)
<Begin Translation>Gimme more free money to spend.<End Translation>