AdrianR Posted November 18, 2010 Report Share Posted November 18, 2010 "October's figures saw the UK's budget deficit widen by another ?7.1bn. Net debt is now ?845.8bn, representing 57.1% of gross domestic product - also a record for October." NB Excludes debt for bailing out banks. Staggering the mess the economy was in excluding the bank problem. Quote Link to comment Share on other sites More sharing options...
Bazj Posted November 18, 2010 Report Share Posted November 18, 2010 That is the part that Liebour don't mention.......... preferring instead to put the blame on the bankers to hide their own cock-ups Quote Link to comment Share on other sites More sharing options...
observer Posted November 19, 2010 Report Share Posted November 19, 2010 Come on Baz, it was a world wide financial binge and the hangover is now worldwide. Yes, Labour was complicit in the lemming like binge, spending money they didn't have, but so was the the public running up ?1,000s on credit cards and mithering for mortgages they couldn't afford, and the Banks were throwing money at 'em. The Irish (Cetic Tiger) had it's binge and cos their in the Euro-Zone can't devalue their currency (by printing money) to ecape the worst of it. Meanwhile, we have devalued, wiping an estimated 25% off savings, from those folk who didn't engage in the feckless financial intoxication. Quote Link to comment Share on other sites More sharing options...
Peter T Posted November 19, 2010 Report Share Posted November 19, 2010 Not everyone looks beyond the headlines and happily believe that Labour are innocent of all charges. Perhaps some leadership from the Governments to reduce the behaviour of the banks in encouraging debt, would have been a good thing, or don't Governments lead? Quote Link to comment Share on other sites More sharing options...
observer Posted November 19, 2010 Report Share Posted November 19, 2010 ALL Governments were at it, and some still are - would anyone vote for the offer of frugality alone?! Quote Link to comment Share on other sites More sharing options...
asperity Posted November 19, 2010 Report Share Posted November 19, 2010 I don't know if I've posted this before, but it's quite informative: Quote Link to comment Share on other sites More sharing options...
Bazj Posted November 19, 2010 Report Share Posted November 19, 2010 you did post it before and it is very informative!! Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted November 19, 2010 Report Share Posted November 19, 2010 Not everyone looks beyond the headlines and happily believe that Labour are innocent of all charges. Can I take it you beleive the Tory line Peter, That they were responsible Quote Link to comment Share on other sites More sharing options...
Peter T Posted November 19, 2010 Report Share Posted November 19, 2010 Me???? Believe a politician???? You jest. Quote Link to comment Share on other sites More sharing options...
observer Posted November 20, 2010 Report Share Posted November 20, 2010 The Bartenders (the Bankers) were selling the cheap ale over the counter, while the Pub Owners (Govs) looked on, pleased at the client satisfaction, as the customers (most folk) through it down there necks like there was no tommorrow - and now there isn't! Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.