Tories set to lose Britain second AAA credit rating

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  • Jol44Jol44 Posts: 21,048
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    Glyn W wrote: »
    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?

    '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.
  • GibsonSGGibsonSG Posts: 23,681
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    Jol44 wrote: »
    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.
  • BrokenArrowBrokenArrow Posts: 21,665
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    GibsonSG wrote: »
    Also why is it that now it is lost it is not important after all.

    I have no idea, lets ask the spanish government.
  • SULLASULLA Posts: 149,789
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    WindWalker wrote: »
    If you have no idea, just say so. Making things up won't get you very far.

    Which bit have I made up? :confused:
  • [Deleted User][Deleted User] Posts: 14,922
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    SULLA wrote: »
    Which bit have I made up? :confused:

    try reading the questions again if you find it difficult.
    WindWalker wrote: »
    Why did government debt rise markedly in 2008 through 9 and remain high since?

    Labour and welfare are not correct...but you knew that anyway...
  • Raring_to_goRaring_to_go Posts: 20,565
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    WindWalker wrote: »
    Head out of the sand rtg.


    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.


    http://www.ifaonline.co.uk/ifaonline/news/2115040/bank-expands-qe-programme-gbp75bn

    The plot worked.....thanks for the anticipated response.....:)
  • [Deleted User][Deleted User] Posts: 14,922
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    The plot worked.....thanks for the anticipated response.....:)

    Are you looking forward to Carney's tenure then?
  • Raring_to_goRaring_to_go Posts: 20,565
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    WindWalker wrote: »
    Are you looking forward to Carney's tenure then?

    I don’t anticipate that his appointment will have any impact on my financial status.
  • zx50zx50 Posts: 91,203
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    James2001 wrote: »
    Oh dear, how will Georgey Boy explain this one? Presumably by blaming Labour rather than admitting his own failings, as usual.

    That seems to be their favourite tactic when they've run out of criticisms to make about Labour.
  • PrestonAlPrestonAl Posts: 10,342
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    zx50 wrote: »
    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
  • FMKKFMKK Posts: 32,074
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    PrestonAl wrote: »
    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:
  • BrokenArrowBrokenArrow Posts: 21,665
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    FMKK wrote: »
    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.
  • trunkstertrunkster Posts: 14,468
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    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.
  • FMKKFMKK Posts: 32,074
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    I don't think we can blame Horsemeat on Labour.

    Horesemeat was definitely caused by the Tories.

    :D:cool:
  • Jol44Jol44 Posts: 21,048
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    trunkster wrote: »
    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.
  • Jol44Jol44 Posts: 21,048
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    Horesemeat was definitely caused by the Tories.

    No DNA traces of benefits claimants have been found in our pies.
  • SULLASULLA Posts: 149,789
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    WindWalker wrote: »
    try reading the questions again if you find it difficult.
    I didn't find it difficult at all
    Labour and welfare are not correct...but you knew that anyway...

    Everything I said was correct. I wouldn't have said it otherwise.
  • Jol44Jol44 Posts: 21,048
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    SULLA wrote: »
    It was Labour who got us in this mess:rolleyes:

    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 %
  • Raring_to_goRaring_to_go Posts: 20,565
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    trunkster wrote: »
    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.

    http://en.wikipedia.org/wiki/United_Kingdom_national_debt
  • Jol44Jol44 Posts: 21,048
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    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)..
  • MajlisMajlis Posts: 31,362
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    How can the Tories be at fault if the size of the debt doesn't matter?
  • Jol44Jol44 Posts: 21,048
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    Majlis wrote: »
    How can the Tories be at fault if the size of the debt doesn't matter?

    Who said the size of the debt doesn't matter?
  • MajlisMajlis Posts: 31,362
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    So when does it become a problem?
  • Jol44Jol44 Posts: 21,048
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    Majlis wrote: »
    So when does it become a problem?

    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.
  • [Deleted User][Deleted User] Posts: 4,845
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    Jol44 wrote: »
    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>
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