Re: General Election campaign : Fri Mar 13, 2020 8:36 am  

sally cinnamon wrote:

And yet Jeremy Corbyn was going to "crash the economy" through borrowing....

The UK is seen as a safe bet because it has a reasonably stable economy with a good balance between public and private ownership and borrowing levels that are credible - perhaps under Labour these factors would have been significantly negatively impacted which would have changed the outside world's view of lending to the UK

Re: General Election campaign : Fri Mar 13, 2020 8:55 am  

sally cinnamon wrote:

And yet Jeremy Corbyn was going to "crash the economy" through borrowing....

From the Torygraph, 2 days ago...

Whisper it, but is this Government socialist?
In his Budget, the new Chancellor Rishi Sunak ripped up 10 years of restraint and started spending on a scale that might have made even Gordon Brown blush.

Re: General Election campaign : Fri Mar 13, 2020 9:05 am  

King Street Cat wrote:

From the Torygraph, 2 days ago...

This is nothing that the Tories didn't say wouldn't happen. Maybe I missed it but was there an announcement of mass re-nationalisation of utilities, trains, mail, the broadband service, national bank, repealing of union legislation - socialism in action - the state/Len controls your life!!

Re: General Election campaign : Sun Mar 15, 2020 2:03 pm  

Sal Paradise wrote:

This is nothing that the Tories didn't say wouldn't happen. Maybe I missed it but was there an announcement of mass re-nationalisation of utilities, trains, mail, the broadband service, national bank, repealing of union legislation - socialism in action - the state/Len controls your life!!

No, you havent seen all of this yet but, it's spend, spend, spend on the never, never and they have taken back control of part of the rail network - thin end of the wedge eh ?
Looks like the Coronavirus will be the ultimate test and despite looking like they were in control, notably lining up to scapegoat the chief medical officer, their "open chequebook" to businesses and the wider public to cover any shortfall, is classic left wing comment and it isn't going to happen.

The government wont be the insurance policy for the nation but, so full of schmidt is Johnson, that he has made some promises that wont and cant be kept.
He's the most left wing Troy leader that we've had for a very long time and the cracks are now starting to appear.

Re: General Election campaign : Sun Mar 15, 2020 6:15 pm  

wrencat1873 wrote:

No, you havent seen all of this yet but, it's spend, spend, spend on the never, never and they have taken back control of part of the rail network - thin end of the wedge eh ?
Looks like the Coronavirus will be the ultimate test and despite looking like they were in control, notably lining up to scapegoat the chief medical officer, their "open chequebook" to businesses and the wider public to cover any shortfall, is classic left wing comment and it isn't going to happen.

The government wont be the insurance policy for the nation but, so full of schmidt is Johnson, that he has made some promises that wont and cant be kept.
He's the most left wing Troy leader that we've had for a very long time and the cracks are now starting to appear.

Cracks appearing in your wishful thinking mind.

Re: General Election campaign : Sun Mar 15, 2020 10:09 pm  

Sal Paradise wrote:

The UK is seen as a safe bet because it has a reasonably stable economy with a good balance between public and private ownership and borrowing levels that are credible - perhaps under Labour these factors would have been significantly negatively impacted which would have changed the outside world's view of lending to the UK

The Conservatives made this argument during the 2010 election campaign.
It was later while Osborne was in charge and doing austerity, that the UK's credit rating got downgraded.

Also if you want the UK to be seen as a safe bet with a stable economy, why would you even consider no-deal Brexit!

Re: General Election campaign : Sun Mar 15, 2020 10:23 pm  

wrencat1873 wrote:

No, you havent seen all of this yet but, it's spend, spend, spend on the never, never and they have taken back control of part of the rail network - thin end of the wedge eh ?

The OBR described it as the biggest Budget giveaway since 1992.

1992 was when Norman Lamont was Chancellor, that was the Tories pre-1992 election spending splurge.

Now you might have been led to believe that Labour were the big spenders, so its interesting to see that no Budget from Gordon Brown or Alastair Darling was as generous as either this one from Rishi Sunak or that Norman Lamont one.

The austerity argument was always that it was reckless for Labour to have 'bankrupt the country' by spending too much just before a recession hit. Rishi's spending decisions look odd when judged by the same standards.

Re: General Election campaign : Sun Mar 15, 2020 10:24 pm  

sally cinnamon wrote:

The Conservatives made this argument during the 2010 election campaign.
It was later while Osborne was in charge and doing austerity, that the UK's credit rating got downgraded.

Also if you want the UK to be seen as a safe bet with a stable economy, why would you even consider no-deal Brexit!

Because we live in a democracy, and the electorate voted leave...?

you must be hoarse from still remoaning?

Re: General Election campaign : Mon Mar 16, 2020 6:00 am  

IR80 wrote:

Because we live in a democracy, and the electorate voted leave...?

you must be hoarse from still remoaning?

Your response was to a point about a no deal exit. The elecorate did not, and would never, vote for no deal Brexit. It's of interest only to the very rich, the super-stupid or the very xenophobic.

Re: General Election campaign : Mon Mar 16, 2020 10:21 am  

sally cinnamon wrote:

The Conservatives made this argument during the 2010 election campaign.
It was later while Osborne was in charge and doing austerity, that the UK's credit rating got downgraded.

Also if you want the UK to be seen as a safe bet with a stable economy, why would you even consider no-deal Brexit!

It is a democracy people voted to leave - to say they didn't know a no-deal was a possibility is not true - this was all the MPs discussed for 3 years prior to the last GE and the Tories on the back of Brexit got a huge majority.

We were downgraded because of the government yielding to pressure to increase spending on health and social care - so the likes of Moodys prefer austerity!!