FabSwingers.com > Forums > The Lounge > How has Labour managed to waste so much money?
How has Labour managed to waste so much money?
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"Im aghast at the figures that show how much debt the country has. I cant believe the amount of money that gets wasted over the last 13 years. Billions poured into schools, yet still we get kids leaving who cant read or write, and struggle to hold a conversation that doesn't involve monosylabic grunts. " I agree, but the problem has got so bad across every area of government it's hard to know where to start. Bring back Cromwell maybe, he had right idea. | |||
"doesnt matter how much money goes into education you will always get children leaving school without basic skills .... if the torys had been in power do u think this wouldnt happen????" My son was told by his English teacher in the 2nd year of secondary school as a research excercise, that it was okay to crib, word for word from the first site he Googled. And that's teaching kids to research???? I challenged the teacher, who told me that that was exactly what he wanted from my son. ...Come-on what did he learn from that????  | |||
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"Yep blame labour, there all as bad as each other. As for children leaving school that cannot read and write, blame the bloody parents, because money won’t make a darn bit of difference. " well said!!!!!! alot of the children that leave school without these skills do so because their parents are in a similar situation and dont have the basic skills to teach them.... | |||
"Yep blame labour, there all as bad as each other. As for children leaving school that cannot read and write, blame the bloody parents, because money won’t make a darn bit of difference. " Again I disagree, as we have been asked more than once not to help our kids as they were too far ahead of the rest of the class - go figure!!!! | |||
"Yep blame labour, there all as bad as each other. As for children leaving school that cannot read and write, blame the bloody parents, because money won’t make a darn bit of difference. Again I disagree, as we have been asked more than once not to help our kids as they were too far ahead of the rest of the class - go figure!!!!" So you’re saying that its only the school that’s at fault if a child cannot ready or write, and that parents shouldn’t have to accept any responsibly  | |||
"Yep blame labour, there all as bad as each other. As for children leaving school that cannot read and write, blame the bloody parents, because money won’t make a darn bit of difference. Again I disagree, as we have been asked more than once not to help our kids as they were too far ahead of the rest of the class - go figure!!!!" is this to save your teacher extra work??? any good teacher would be differentiating work for children with difficulties and those doing very well. | |||
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"Yep blame labour, there all as bad as each other. As for children leaving school that cannot read and write, blame the bloody parents, because money won’t make a darn bit of difference. Again I disagree, as we have been asked more than once not to help our kids as they were too far ahead of the rest of the class - go figure!!!! is this to save your teacher extra work??? any good teacher would be differentiating work for children with difficulties and those doing very well." I like to think that generally most teachers care and take a pride in what they do. I also think that there are lazy ones out there too. I think the system works against teachers, course work and exams are easier than they used to be and we don't allow kids to fail and understand what that means - so they leave school thinking that everything will work out fine and everyone will live happily ever after. | |||
"Most Parents are bad , are they really?Yes the tories made mistakes ,but labour have had 12 years in power . What have they done bankrupt the country !when they came to power the uk finances were in a very good state .Now a 3 rd world country . Roads hospitals education defence all a dis grace ! Get out there and DEMONSTRATE !!!!!!!!!!!" I'll be there with you! | |||
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"Most Parents are bad , are they really?Yes the tories made mistakes ,but labour have had 12 years in power . What have they done bankrupt the country !when they came to power the uk finances were in a very good state .Now a 3 rd world country . Roads hospitals education defence all a dis grace ! Get out there and DEMONSTRATE !!!!!!!!!!!" Not as bad as they were 12+ years ago, not defending labour, merely pointing out it wont change regardless of who’s in power, and whether we all admit it or not, everyone’s standard of living has improved tenfold since the Tories were last in power, as for us being a third world country, please take your next holiday to Somalia, then you’ll see exactly how much we all take things for granted over here. As for all parent are bad, who said they were  | |||
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"What has Labour done for me???? Made me a poorer man thats for sure. they've given me a prime minister that no one voted in and the majority of the claims sleaze were labour MP's. OH and gordan Brown giving millions of £'s to Africa when our Public services NHS and education are struggling. I accept that we can't blame the recession on this Government but the way they've handled it is a joke IMHO " Do you honestly believe you were better off 15 years ago? we've ALL moved on a bit since then, as for the prime minister, its the party you vote for in a general election isn't it? heard all this before, 12 years back, everthing was either being sold off or privatised, poll tax demonstrations, people working for £1.60 per hour, people forget things far to easily, its like groundhog day, watch this space, they are all the same except the name they choose to use. | |||
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"... heard all this before, 12 years back, everthing was either being sold off or privatised " ...like our gold reserves... ....and Dover! Brown sold Dover to the fookin French ffs! Who has a short, or maybe a selective, memory then?? | |||
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"As told to me yesterday. It doesn't matter which party is in power. Do you really believe that making a vote made any difference they would allow the populace to use it??" Well i will be voting Labour again,if the tories get in they will hold another vote and allow the scum to go back out Hunting With Dogs,something i have been waiting years to be banned,it is barbaric,cruel and unnecessary.Now look what you have done talking politics. | |||
 Guy Fawkes has the right idea. | |||
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"As told to me yesterday. It doesn't matter which party is in power. Do you really believe that making a vote made any difference they would allow the populace to use it??Well i will be voting Labour again,if the tories get in they will hold another vote and allow the scum to go back out Hunting With Dogs,something i have been waiting years to be banned,it is barbaric,cruel and unnecessary.Now look what you have done talking politics. "well if thats all that concerns you then God help the rest of us if all the labour voters think like that | |||
" yet still we get kids leaving who cant read or write, " I'm pretty sure that a lot of posters here who struggle with basic english left school prior to Labour's education policies. | |||
" yet still we get kids leaving who cant read or write, I'm pretty sure that a lot of posters here who struggle with basic english left school prior to Labour's education policies. " not everyone had mobile phones then | |||
"Wishy, we’re better off tenfold, than we were 15 years ago, we have PC’s laptops, mobile phones amongst other gadgets, nearly every home has the internet, sky tv, multiple cars, sat navs, ipods, the list is endless, yes you had money left back then because you had less luxuries, and didn’t own the latest gadets, yes basic things have risen, but others have went down, try buying a PAYG mobile phone 15 years ago for £10 in tesco, or an iron for £3, we take all these things for granted, just found a receipt for a pioneer dvd writer for a pc from 2001, it was £300, can buy one today for £15, admittedly we have less money left each month but that’s because we have more things to show for it, due to technology you cannot really compare now to 20 years ago, as we have completely different lifestyles. They are all the same, different parties, masquerading as a government, best thing that can happen in a general election is both big parties get the same amount of seats, that way we’ll all see clearly they’re all the same. The only difference between then and now is that we buy more crap than we actually need. " I agree that there's little or no difference between the party's, just a change of wallpaper in Downing St and that will always be the same as long as we have a party system, where MP's are not truly representative and have to obey the Party Whip. Perhaps we should all vote for a local independent candidate next election and send the party's a proper message, You never know, we might even end up with better government. Couldn't do any worse than this shower of ****! | |||
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"When did the government sell Dover to the French?" last yr i think | |||
"When did the government sell Dover to the French? last yr i think" Perhaps they could be persuaded to buy Downing Street as well? | |||
"When did the government sell Dover to the French? last yr i think Perhaps they could be persuaded to buy Downing Street as well? "the ministers have shown that they are for sale | |||
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"Its been a cataclysmic regime with more money wasted than you could shake a large stick at. What happened to prudence Gordon? Transport system worse than ever. Wars that cost way more than just money. NHS and Education having had enormous ammounts of cash poured in the money pit and for no better results. Lob in sleeze, cash for questions and Phony Tony and its been a shambles from start to finish. The country is completely bankrupt." I heard on TV tonight that the Treasury get's £40 billion EVERY YEAR from Road Tax and Alistair Darling has generously given the Councils £100 million of OUR money to fill pot holes. So where's the rest of the £39,900,000,000 gone? | |||
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"the country is in a terrible mess thats for sure but if ppl think camomooron is gunna sweep it all aside and turn this country around they need to get a reality check.if ppl realy do trust his party and his policies(can someone tell me what they are )why are they not miles ahead in the polls as they should be against this rudderless and shower of sh*t government.the truth is many many ppl remember just how bad the last tory government were and simply dont trust them.i cant see how things are going to get any better after the election " It's sad isn't it? And that's why people don't vote anymore. Get rid of this party system we have. | |||
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" I heard on TV tonight that the Treasury get's £40 billion EVERY YEAR from Road Tax and Alistair Darling has generously given the Councils £100 million of OUR money to fill pot holes. So where's the rest of the £39,900,000,000 gone? "Believe it or not Vehicle excise duty hasn't been specifically for the roads since 1937 and the "road fund" that people link it with was abolished in 1955. So just a bit before Gordon and his buddies got involved.  | |||
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"Well I aint getting involved in this Suffice to say that if that inept bunch of wankers, tossers, liars and control freaks get in again then im off ta Manchester airport and away from this corrupt sad little system for ever xx "anyone that has the oportunity to move abroad are doing just that in record numbers | |||
"Well I aint getting involved in this Suffice to say that if that inept bunch of wankers, tossers, liars and control freaks get in again then im off ta Manchester airport and away from this corrupt sad little system for ever xx
anyone that has the oportunity to move abroad are doing just that in record numbers "Can ya blame em lol xx | |||
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"What has Labour done for me???? Made me a poorer man thats for sure. they've given me a prime minister that no one voted in and the majority of the claims sleaze were labour MP's. OH and gordan Brown giving millions of £'s to Africa when our Public services NHS and education are struggling. I accept that we can't blame the recession on this Government but the way they've handled it is a joke IMHO Do you honestly believe you were better off 15 years ago? we've ALL moved on a bit since then, as for the prime minister, its the party you vote for in a general election isn't it? heard all this before, 12 years back, everthing was either being sold off or privatised, poll tax demonstrations, people working for £1.60 per hour, people forget things far to easily, its like groundhog day, watch this space, they are all the same except the name they choose to use. " You seem to live in a car park, so maybe it was a pay and display 13 years ago and now it's a free one. I can see you would be better off  | |||
"As told to me yesterday. It doesn't matter which party is in power. Do you really believe that making a vote made any difference they would allow the populace to use it??Well i will be voting Labour again,if the tories get in they will hold another vote and allow the scum to go back out Hunting With Dogs,something i have been waiting years to be banned,it is barbaric,cruel and unnecessary.Now look what you have done talking politics. "Wow, is that your sole reason for voting for a government? Are you happy with the current law regarding hunting with dogs? | |||
" yet still we get kids leaving who cant read or write, I'm pretty sure that a lot of posters here who struggle with basic english left school prior to Labour's education policies. " I was the result of the Labour government in the 70's | |||
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"When did the government sell Dover to the French?" It was suggested that the Port of Dover be sold, to help the UK manage it's huge loans it now owns. Greece was told to consider selling some of it's islands for the same reason. | |||
"Its been a cataclysmic regime with more money wasted than you could shake a large stick at. What happened to prudence Gordon? Transport system worse than ever. Wars that cost way more than just money. NHS and Education having had enormous ammounts of cash poured in the money pit and for no better results. Lob in sleeze, cash for questions and Phony Tony and its been a shambles from start to finish. The country is completely bankrupt. I heard on TV tonight that the Treasury get's £40 billion EVERY YEAR from Road Tax and Alistair Darling has generously given the Councils £100 million of OUR money to fill pot holes. So where's the rest of the £39,900,000,000 gone? "That's socialism. | |||
"Im aghast at the figures that show how much debt the country has. I cant believe the amount of money that gets wasted over the last 13 years. Billions poured into schools, yet still we get kids leaving who cant read or write, and struggle to hold a conversation that doesn't involve monosylabic grunts. " I believe parents are more responsible... surely you want your child to suceed in life. To do that they must have the basic skills, manners, how to use a knife and fork and the ability to communicate. Or you could just sit them in front of a cumputer game for days on end and leave it to someone else!!!!!!!!! | |||
"Im aghast at the figures that show how much debt the country has. I cant believe the amount of money that gets wasted over the last 13 years. Billions poured into schools, yet still we get kids leaving who cant read or write, and struggle to hold a conversation that doesn't involve monosylabic grunts. I agree, but the problem has got so bad across every area of government it's hard to know where to start. Bring back Cromwell maybe, he had right idea." duhh didn`t he get rid of the king and set up parliment
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"Im aghast at the figures that show how much debt the country has. I cant believe the amount of money that gets wasted over the last 13 years. Billions poured into schools, yet still we get kids leaving who cant read or write, and struggle to hold a conversation that doesn't involve monosylabic grunts. I agree, but the problem has got so bad across every area of government it's hard to know where to start. Bring back Cromwell maybe, he had right idea. duhh didn`t he get rid of the king and set up parliment
"He also disolved a corrupt government of MP's that were lining their own pockets. History has a funny way of repeating itself. | |||
"Im aghast at the figures that show how much debt the country has. I cant believe the amount of money that gets wasted over the last 13 years. Billions poured into schools, yet still we get kids leaving who cant read or write, and struggle to hold a conversation that doesn't involve monosylabic grunts. I believe parents are more responsible... surely you want your child to suceed in life. To do that they must have the basic skills, manners, how to use a knife and fork and the ability to communicate. Or you could just sit them in front of a cumputer game for days on end and leave it to someone else!!!!!!!!! " teenagers do communicate... just them that can understand the grunts etc!! my mother was convinced when she seen harry enfield series with kevin the teenager that he had met me at some point in my teen years lol!! teenagers dont want to communicate with adults we are sooooo old!! the problem lies after teenage years xx | |||
"Im aghast at the figures that show how much debt the country has. I cant believe the amount of money that gets wasted over the last 13 years. Billions poured into schools, yet still we get kids leaving who cant read or write, and struggle to hold a conversation that doesn't involve monosylabic grunts. I believe parents are more responsible... surely you want your child to suceed in life. To do that they must have the basic skills, manners, how to use a knife and fork and the ability to communicate. Or you could just sit them in front of a cumputer game for days on end and leave it to someone else!!!!!!!!! teenagers do communicate... just them that can understand the grunts etc!! my mother was convinced when she seen harry enfield series with kevin the teenager that he had met me at some point in my teen years lol!! teenagers dont want to communicate with adults we are sooooo old!! the problem lies after teenage years xx" Lol, very true, I'm sure we were all the same and most of us came out of it all right. I think it's mostly a pier pressure thing, as soon as they start mixing with adults in work, they soon change.  | |||
"You seem to live in a car park, so maybe it was a pay and display 13 years ago and now it's a free one. I can see you would be better off "Nope just a realist me, if you were paying for sky HD, mobile phone contracts, private healthcare, internet connection just to name a few, 15 years ago, you would have less money back then also, what you also have to remember is that Thatcher would have been happy to have a mass cull in Scotland, it was ridden with poverty and has steadily grew since, you’re not in Scotland though, so out of sight out of mind, but out of curiosity though, are you saying if labour never got in back then we would all be rich? And wouldn’t be having this discussion, bearing in mind they were famous from taking from the poor to feed the rich, not defending labour, simply stating there all as bad as each other, its time everyone seen this and voted other parties. Someone said earlier, change is good, I agree, but we never get change, it’s always a two horse race with one or the other. | |||
"You seem to live in a car park, so maybe it was a pay and display 13 years ago and now it's a free one. I can see you would be better off
Nope just a realist me, if you were paying for sky HD, mobile phone contracts, private healthcare, internet connection just to name a few, 15 years ago, you would have less money back then also, what you also have to remember is that Thatcher would have been happy to have a mass cull in Scotland, it was ridden with poverty and has steadily grew since, you’re not in Scotland though, so out of sight out of mind, but out of curiosity though, are you saying if labour never got in back then we would all be rich? And wouldn’t be having this discussion, bearing in mind they were famous from taking from the poor to feed the rich, not defending labour, simply stating there all as bad as each other, its time everyone seen this and voted other parties. Someone said earlier, change is good, I agree, but we never get change, it’s always a two horse race with one or the other. "agree!! thatchers legacy lives on in scotland and you just need to look out the window to see it whether you live in the country or the city xx | |||
"You seem to live in a car park, so maybe it was a pay and display 13 years ago and now it's a free one. I can see you would be better off
Nope just a realist me, if you were paying for sky HD, mobile phone contracts, private healthcare, internet connection just to name a few, 15 years ago, you would have less money back then also, what you also have to remember is that Thatcher would have been happy to have a mass cull in Scotland, it was ridden with poverty and has steadily grew since, you’re not in Scotland though, so out of sight out of mind, but out of curiosity though, are you saying if labour never got in back then we would all be rich? And wouldn’t be having this discussion, bearing in mind they were famous from taking from the poor to feed the rich, not defending labour, simply stating there all as bad as each other, its time everyone seen this and voted other parties. Someone said earlier, change is good, I agree, but we never get change, it’s always a two horse race with one or the other.
agree!! thatchers legacy lives on in scotland and you just need to look out the window to see it whether you live in the country or the city xx"Is it doing any worse than many other parts of the United Kingdom then - serious question? | |||
"You seem to live in a car park, so maybe it was a pay and display 13 years ago and now it's a free one. I can see you would be better off
Nope just a realist me, if you were paying for sky HD, mobile phone contracts, private healthcare, internet connection just to name a few, 15 years ago, you would have less money back then also, what you also have to remember is that Thatcher would have been happy to have a mass cull in Scotland, it was ridden with poverty and has steadily grew since, you’re not in Scotland though, so out of sight out of mind, but out of curiosity though, are you saying if labour never got in back then we would all be rich? And wouldn’t be having this discussion, bearing in mind they were famous from taking from the poor to feed the rich, not defending labour, simply stating there all as bad as each other, its time everyone seen this and voted other parties. Someone said earlier, change is good, I agree, but we never get change, it’s always a two horse race with one or the other.
agree!! thatchers legacy lives on in scotland and you just need to look out the window to see it whether you live in the country or the city xx
Is it doing any worse than many other parts of the United Kingdom then - serious question?"i dont know as im never really in any other parts so i can only comment on what i know x | |||
"You seem to live in a car park, so maybe it was a pay and display 13 years ago and now it's a free one. I can see you would be better off
Nope just a realist me, if you were paying for sky HD, mobile phone contracts, private healthcare, internet connection just to name a few, 15 years ago, you would have less money back then also, what you also have to remember is that Thatcher would have been happy to have a mass cull in Scotland, it was ridden with poverty and has steadily grew since, you’re not in Scotland though, so out of sight out of mind, but out of curiosity though, are you saying if labour never got in back then we would all be rich? And wouldn’t be having this discussion, bearing in mind they were famous from taking from the poor to feed the rich, not defending labour, simply stating there all as bad as each other, its time everyone seen this and voted other parties. Someone said earlier, change is good, I agree, but we never get change, it’s always a two horse race with one or the other.
agree!! thatchers legacy lives on in scotland and you just need to look out the window to see it whether you live in the country or the city xx
Is it doing any worse than many other parts of the United Kingdom then - serious question?
i dont know as im never really in any other parts so i can only comment on what i know x"In some respects you're luckier, you got free further education for instance paid for by the UK tax payer and yet as I understand it, English, Welsh and Northern Irish people can't go across to Scotland and benefit from it. | |||
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"there was is apost saying it was not lack of education but bad parenting! Labour have been in power for 12 years Brown just before the recesion said "British Banks lead the world" "Globalistion has been a massive success " Yes lead the world into recesion and yes a global recession It is mornic to still be harpin on about Thatcher 18 years on when she did leave UK (including Scotland)finances in a very good state! As for consumer goods available it has nothing to do with the performance of a goverment it, is so called progress "Where is this post you mention? the post you mention states if children cannot read or write the parents should take some responsibilty, so why twist it around to say something else. | |||
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" It is mornic to still be harpin on about Thatcher 18 years on when she did leave UK (including Scotland)finances in a very good state! " Thats a popular myth but the facts say diff. national debt as a percentage of the gross domestic product looks to me more like they were worse after Thatcher than any other time until the recession 1997 49,8 % of GDP 1998 46,7 % of GDP 1999 43,7 % of GDP 2000 41,0 % of GDP 2001 37,7 % of GDP 2002 37,5 % of GDP 2003 38,7 % of GDP 2004 40,4 % of GDP 2005 42,3 % of GDP 2006 43,4 % of GDP 2007 44,2 % of GDP 2008 52,0 % of GDP | |||
"You seem to live in a car park, so maybe it was a pay and display 13 years ago and now it's a free one. I can see you would be better off
Nope just a realist me, if you were paying for sky HD, mobile phone contracts, private healthcare, internet connection just to name a few, 15 years ago, you would have less money back then also, what you also have to remember is that Thatcher would have been happy to have a mass cull in Scotland, it was ridden with poverty and has steadily grew since, you’re not in Scotland though, so out of sight out of mind, but out of curiosity though, are you saying if labour never got in back then we would all be rich? And wouldn’t be having this discussion, bearing in mind they were famous from taking from the poor to feed the rich, not defending labour, simply stating there all as bad as each other, its time everyone seen this and voted other parties. Someone said earlier, change is good, I agree, but we never get change, it’s always a two horse race with one or the other.
agree!! thatchers legacy lives on in scotland and you just need to look out the window to see it whether you live in the country or the city xx
Is it doing any worse than many other parts of the United Kingdom then - serious question?
i dont know as im never really in any other parts so i can only comment on what i know x
In some respects you're luckier, you got free further education for instance paid for by the UK tax payer and yet as I understand it, English, Welsh and Northern Irish people can't go across to Scotland and benefit from it."ah its looks free but its not! im a full time uni student and my tutuion fees are paid which is 1800 then student loans which are paid back with interest. it used to be grants until mrs thatcher decided too many of the great unwashed were gettin too clever!! we are a devolved government who pays x amount to westminster. and before the fires start burnin i dont believe that full independence would do any good for scotland xx | |||
"there was is apost saying it was not lack of education but bad parenting! Labour have been in power for 12 years Brown just before the recesion said "British Banks lead the world" "Globalistion has been a massive success " Yes lead the world into recesion and yes a global recession It is mornic to still be harpin on about Thatcher 18 years on when she did leave UK (including Scotland)finances in a very good state! As for consumer goods available it has nothing to do with the performance of a goverment it, is so called progress "yeah she left scotland and the rest of britain the land of milk and honey thats why all these years down the line we all drivin about in limos with caviar and champagne on tap!!
north sea oil that was a great investment the money that came for it could have been better spent like what i think it was scandanavia did but nooo!
as was puttin thousands on the dole the very thing her and her cohorts despised!! TINA! there is no alternative x | |||
"You seem to live in a car park, so maybe it was a pay and display 13 years ago and now it's a free one. I can see you would be better off
Nope just a realist me, if you were paying for sky HD, mobile phone contracts, private healthcare, internet connection just to name a few, 15 years ago, you would have less money back then also, what you also have to remember is that Thatcher would have been happy to have a mass cull in Scotland, it was ridden with poverty and has steadily grew since, you’re not in Scotland though, so out of sight out of mind, but out of curiosity though, are you saying if labour never got in back then we would all be rich? And wouldn’t be having this discussion, bearing in mind they were famous from taking from the poor to feed the rich, not defending labour, simply stating there all as bad as each other, its time everyone seen this and voted other parties. Someone said earlier, change is good, I agree, but we never get change, it’s always a two horse race with one or the other.
agree!! thatchers legacy lives on in scotland and you just need to look out the window to see it whether you live in the country or the city xx
Is it doing any worse than many other parts of the United Kingdom then - serious question?
i dont know as im never really in any other parts so i can only comment on what i know x
In some respects you're luckier, you got free further education for instance paid for by the UK tax payer and yet as I understand it, English, Welsh and Northern Irish people can't go across to Scotland and benefit from it.
ah its looks free but its not! im a full time uni student and my tutuion fees are paid which is 1800 then student loans which are paid back with interest.
it used to be grants until mrs thatcher decided too many of the great unwashed were gettin too clever!!
we are a devolved government who pays x amount to westminster.
and before the fires start burnin i dont believe that full independence would do any good for scotland xx"It still sounds like you're better off now, but I think there is more money going up North, than there is going down south. So why would you want independence?  | |||
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"Im aghast at the figures that show how much debt the country has. I cant believe the amount of money that gets wasted over the last 13 years. Billions poured into schools, yet still we get kids leaving who cant read or write, and struggle to hold a conversation that doesn't involve monosylabic grunts. " Isn't there a thread knocking about where people are stating how well their kids are doing? Straight 'A' students? | |||
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"Here's an interesting article on the history of the UK Economy: ------------------- UK Economic History The UK was once the largest economy in the world. At its peak during the nineteenth century it ran the British Empire - and one quarter of the world. Its global mercantile system transported people, resources and capital, generating vast profits for the Empire. Since the end of World War II the UK has been weakened by the costs of war, the end of the Empire and the Republic of Ireland leaving the United Kingdom. In recent times, there have been two periods of strong economic performance. The first resulted from the Prime Ministership of Margaret Thatcher, who famously broke the unions and ushered in free market reforms that helped the UK to shed its ‘Sick Man of Europe’ mantle. The second came about when the ‘New Labour’ government came to power in 1997, with Gordon Brown serving as both Chancellor of the Exchequer Gordon Brown and later Prime Minister, inheriting and expanding a period of continuous economic growth from 1992 to 2007. ~ UK Economy 2001-2007 The UK experienced a double bubble in both housing and the stock markets from 2001 - 2007. Credit was cheap and easy, regulation lax and rules broken. Fuelled by mortgages of up to 125 per cent, house prices tripled in some areas during that period and the London Stock Exchange (LSE) reached record highs. Home prices peaked in the third quarter of 2007 and the long decline set in. Unable to get wholesale funding UK bank Northern Rock was forced to turn to the Bank of England as lender of last resort in September 2007. This led to the first run on a British bank in generations, and forced the government eventually to nationalise the bank. ~ UK Economy 2008 Northern Rock did not mark the end of the British government’s involvement in the financial sector. It was forced to nationalise Bradford & Bingley, help Alliance & Leicester and HBOS get bought, and provide capital, funding and underwriting worth more than 400 billion GBP to both over-leveraged giants like RBS and Lloyds TSB, and relatively stronger groups like Barclays, HSBC and Standard Chartered. By Q2 2008 the UK was officially in recession and Sterling had dropped more than 30 per cent against the other main currencies. With consumer confidence dropping and unemployment rising, the auto and retail sector were the next victims of recession. Household names in the High St including Woolworths, Zavvi (the former Virgin Megastores), MFI, Adams and Waterfords Wedgewood went into receivership by Christmas 2008. ~ UK Economy 2009 The British economy in 2009 was declining at an even quicker rate than originally suspected. All sectors of the UK economy seem to be struggling, with consumer confidence, the housing market, employment and manufacturing either at the lowest point, or dropping faster than ever previously recorded. Seeking to overcome blame for the recession and the fall out from his previous statements that he had tamed the ‘Boom and Bust’ cycle, Prime Minster Gordon Brown announced a major economic stimulus package. It will add to already high debt levels above 40 per cent of GDP, leading to speculation that Britain’s sovereign debt ratings would be downgraded and to further slides int eh value of sterling. By the end of 2009, the UK economy is expected to have contracted 3.2 per cent (although some economists are revising that figure further downwards), with UK public debt rising to a staggering 70 per cent. ~ UK Economy 2010 Forecast Forecasting in the midst of such economic uncertainty and financial upheaval is, to put it mildly, a challenge. The consensus for 2010 has now shifted to flat to negative growth. Forecasts range from 0 per cent to -5 per cent growth, with the median in the -1 to -2 per cent range, although most economists state that major downside risks remain. The Bank of England Interest Rate, Inflation and the three month Treasury rate are expected to stay low at under 1 per cent, under 1 per cent and 1.3 per cent respectively. The budget balance is forecast to grow dangerously to -13 per cent of GDP, which would take UK national public debt above 70 per cent of GDP. " can you explain in more detail pls | |||
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"Risky frisky what ever your name is your nit pickin cause you know your talkin .................k's" My original post "Yep blame labour, there all as bad as each other. As for children leaving school that cannot read and write, blame the bloody parents, because money won’t make a darn bit of difference. " You're original post "Most Parents are bad , are they really?Yes the tories made mistakes ,but labour have had 12 years in power . What have they done bankrupt the country !when they came to power the uk finances were in a very good state .Now a 3 rd world country . Roads hospitals education defence all a dis grace ! Get out there and DEMONSTRATE !!!!!!!!!!!" It's clear to me who's talking what, so ill ask again, who said most parents are bad? you're clearly reading something that has never been written, and keep mentioning it on every post you've made. Life's too short, Have fun, have to go, have a weekend to enjoy! | |||
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"As told to me yesterday. It doesn't matter which party is in power. Do you really believe that making a vote made any difference they would allow the populace to use it??Well i will be voting Labour again,if the tories get in they will hold another vote and allow the scum to go back out Hunting With Dogs,something i have been waiting years to be banned,it is barbaric,cruel and unnecessary.Now look what you have done talking politics. "Sorry, gotta say this...Bit of a donkey statement, that! I can't believe that you are so blinkered, you would elect a government on that one issue alone! I love wildlife and hate foxhunting, but there is a bigger picture here. So make your choice, save foxes or save the young an old? | |||
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"As told to me yesterday. It doesn't matter which party is in power. Do you really believe that making a vote made any difference they would allow the populace to use it??Well i will be voting Labour again,if the tories get in they will hold another vote and allow the scum to go back out Hunting With Dogs,something i have been waiting years to be banned,it is barbaric,cruel and unnecessary.Now look what you have done talking politics.
Sorry, gotta say this...Bit of a donkey statement, that! I can't believe that you are so blinkered, you would elect a government on that one issue alone!
I love wildlife and hate foxhunting, but there is a bigger picture here. So make your choice, save foxes or save the young an old? "sorry i was just stating that if the tories get in then they will definately bring back Hunting With Dogs.Of course i am interested in the NHS,schools,pensions etc.Whether my attitude is wrong i dont know but i put all creatures on the same par with humans. | |||
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"Some of you are being ridiculous . When did I say Thatcher Left us in the land of milk an honey ! very good financial position me thinks! Yes North Sea oil has played a major part in keeping this nation afloat and in the main has been squandered , but Thatcher cannot be blamed for todays woes . On education the people with kids now have been brought up by a nanny state a lot ,not all ,ill educated themselves . Risky frisky what ever your name is your nit pickin cause you know your talkin .................k's" The only reason Thatcher left the economy in a half decent state is because the receipts of the sweeping privatisation of our industries and Nationalised Utilities were absolutely massive, as were the better years of North Sea Oil and North Sea Gas. What also helped Thatcher was the ability she gave herself to manipulate interest rates for her own needs. I believe the main reasons for our current financial woes, apart from the world wide recession, are New Labours attempts to keep the NHS afloat with ridiculous sums of money being thrown at it....along with their ridiculous target on having 50% of young people attend Univerity, far too many people out there with pointless degrees that they will never get to use. | |||
"The Tories cannot just bring back hunting with dogs, you can't just abolish an act of Parliament... What the Tories have promised is a free vote amongst their MP's on the subject of foxhunting as they attempt to overturn the present law with an admendment." well seeing most tory mps are your typical upper class and openly admit to supporting fox hunting it is a forgone conclusion that they will overturn the bill | |||
"Some of you are being ridiculous . When did I say Thatcher Left us in the land of milk an honey ! very good financial position me thinks! Yes North Sea oil has played a major part in keeping this nation afloat and in the main has been squandered , but Thatcher cannot be blamed for todays woes . On education the people with kids now have been brought up by a nanny state a lot ,not all ,ill educated themselves . Risky frisky what ever your name is your nit pickin cause you know your talkin .................k's The only reason Thatcher left the economy in a half decent state is because the receipts of the sweeping privatisation of our industries and Nationalised Utilities were absolutely massive, as were the better years of North Sea Oil and North Sea Gas. What also helped Thatcher was the ability she gave herself to manipulate interest rates for her own needs. I believe the main reasons for our current financial woes, apart from the world wide recession, are New Labours attempts to keep the NHS afloat with ridiculous sums of money being thrown at it....along with their ridiculous target on having 50% of young people attend Univerity, far too many people out there with pointless degrees that they will never get to use. " some kids are never designed for uni and the money would be better spent learning them a trade such as electrician or plumbers. i have a sister with an honours accountancy degree and cant get a job she either over qualified or they want her to work on minimum wage. a cousin with an arts degree she working in a dvd rental shop. a nephew on a youth employment scheme learning car mechanics and making a bomb doin home jobs for people who cant afford garage fees. xx | |||
