| Well done Remoaners 17:30 - May 22 with 6209 views | pickles110564 |
We can't bail out British Steel because of the EU, 25000 jobs lost on you |  | | |  |
| Well done Remoaners on 18:43 - May 23 with 692 views | footers |
| Well done Remoaners on 18:35 - May 23 by ballycastle |
I read the online version for balance and the sport coverage is decent, but sometime the G just gets to much 'the world is sh1t' 'hate the rich' 'hate your country' every so often there is a gem of an article particularly when the USA is involved. |
I find the sport the worst bit actually. It's overlong and pompous, the football coverage.
And the world is pretty sh1t if you haven't noticed buh. |  |
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| Well done Remoaners on 18:48 - May 23 with 676 views | Swansea_Blue |
| Well done Remoaners on 10:15 - May 23 by chicoazul |
Apart form the QE bit, which he had to do as desperate times call for desperate measures, it's a pretty fair post. I would still take him and his outriders in a heartbeat over the current cabinet and indeed shadow cabinet. |
Bankrupt the country isn't fair either. Whever was in charge at the time couldn't have saved us from a recession. There's an argument that more could have been done before, much like there being an argument that the Coalition/Tory response deepened and extended the impacts and slowed recovery, to cut a very long story short. A lot of Labour's time was very positive for people of this country (and I'm not a Labour supporter, just think it's important to try and be objective and honest). |  |
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| Well done Remoaners on 18:52 - May 23 with 670 views | NorthLondonBlue2 |
Utter nonsense.
Orders for British steel dried up from EU customers concerned about new tariffs.
Meanwhile, a no-deal Brexit will *compel* the U.K. market to accept cheap Chinese steel (and pretty much everything else).
Hello Brexit?
Goodbye British manufacturing. |  | | |
| Well done Remoaners on 19:09 - May 23 with 649 views | GlasgowBlue |
| Well done Remoaners on 18:48 - May 23 by Swansea_Blue |
Bankrupt the country isn't fair either. Whever was in charge at the time couldn't have saved us from a recession. There's an argument that more could have been done before, much like there being an argument that the Coalition/Tory response deepened and extended the impacts and slowed recovery, to cut a very long story short. A lot of Labour's time was very positive for people of this country (and I'm not a Labour supporter, just think it's important to try and be objective and honest). |
Labour weren’t responsible for the global financial crisis but the deficit Brown was running at the time was a massive contributor to the UK recession.
When Labour came to power in 1997 Brown followed Ken Clarke's spending plans for 3 years and ran a surplus. Then in 2000 he committed massive public spending to create masses of people dependant on that government.
From 2000-2007 the size of the state grew from 37% to 50%.
But he couldn't get enough tax to fund the project so he increased Britain’s national debt by 43%. There was no deficit in 2000 but by 2005/6 Brown ran up a boom-time deficit of 3% of GDP , the maximum allowed under EU rules. It was pure financial mismanagement.
From the IFS:
"Looking at the UK’s debt levels, in 2007 we had the eleventh highest level of debt (or seventeenth lowest) when compared with the other 26 OECD countries for which data are available. Between 1997 and 2007, 16 OECD countries (out of 23 for which data are available) experienced larger declines in their ratio of debt to national income than the UK (using the OECD’s measure of “general government net financial liabilities”, which differs somewhat from the Treasury’s preferred measure, “public sector net debt”).
On the eve of the financial crisis, the UK had one of the largest structural budget deficits among either the G7 or the OECD countries and a higher level of public sector debt than most other OECD countries, though lower than most other G7 countries. Most OECD governments did more to reduce their structural deficit during the period from 1997 to 2007 than Labour did. This fiscal position formed the backdrop to the financial crisis."
And Tony Blair: ‘We should also accept that from 2005 onwards Labour was insufficiently vigorous in limiting or eliminating the potential structural deficitThe failure to embrace the Fundamental SavingsReview of 2005-6 was, in retrospect, a much bigger error than I ever thought at the time.’
So:
a) Debt increased in real terms by £500billion during Labour's years in office
b) Debt as a share of GDP was higher when Labour left office than when they took power in 1997
c) The IFS says that "Most OECD governments did more to reduce their structural deficit during the period from 1997 to 2007 than Labour did. This fiscal position formed the backdrop to the financial crisis."
I think the blame for the UK recession of 2007/08 can be laid squarely at Brown's door and it’s the reason we had to have a period of austerity.
You may recall it was Brown’s Chancellor, Alistair Darling, who said that if re-elected Labour planned cuts in public spending will be "deeper and tougher" than Margaret Thatcher's in the 1980s
https://www.theguardian.com/politics/2010/mar/25/alistair-darling-cut-deeper-mar |  |
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| Well done Remoaners on 19:34 - May 23 with 637 views | bluejacko |
| Well done Remoaners on 19:09 - May 23 by GlasgowBlue |
Labour weren’t responsible for the global financial crisis but the deficit Brown was running at the time was a massive contributor to the UK recession.
When Labour came to power in 1997 Brown followed Ken Clarke's spending plans for 3 years and ran a surplus. Then in 2000 he committed massive public spending to create masses of people dependant on that government.
From 2000-2007 the size of the state grew from 37% to 50%.
But he couldn't get enough tax to fund the project so he increased Britain’s national debt by 43%. There was no deficit in 2000 but by 2005/6 Brown ran up a boom-time deficit of 3% of GDP , the maximum allowed under EU rules. It was pure financial mismanagement.
From the IFS:
"Looking at the UK’s debt levels, in 2007 we had the eleventh highest level of debt (or seventeenth lowest) when compared with the other 26 OECD countries for which data are available. Between 1997 and 2007, 16 OECD countries (out of 23 for which data are available) experienced larger declines in their ratio of debt to national income than the UK (using the OECD’s measure of “general government net financial liabilities”, which differs somewhat from the Treasury’s preferred measure, “public sector net debt”).
On the eve of the financial crisis, the UK had one of the largest structural budget deficits among either the G7 or the OECD countries and a higher level of public sector debt than most other OECD countries, though lower than most other G7 countries. Most OECD governments did more to reduce their structural deficit during the period from 1997 to 2007 than Labour did. This fiscal position formed the backdrop to the financial crisis."
And Tony Blair: ‘We should also accept that from 2005 onwards Labour was insufficiently vigorous in limiting or eliminating the potential structural deficitThe failure to embrace the Fundamental SavingsReview of 2005-6 was, in retrospect, a much bigger error than I ever thought at the time.’
So:
a) Debt increased in real terms by £500billion during Labour's years in office
b) Debt as a share of GDP was higher when Labour left office than when they took power in 1997
c) The IFS says that "Most OECD governments did more to reduce their structural deficit during the period from 1997 to 2007 than Labour did. This fiscal position formed the backdrop to the financial crisis."
I think the blame for the UK recession of 2007/08 can be laid squarely at Brown's door and it’s the reason we had to have a period of austerity.
You may recall it was Brown’s Chancellor, Alistair Darling, who said that if re-elected Labour planned cuts in public spending will be "deeper and tougher" than Margaret Thatcher's in the 1980s
https://www.theguardian.com/politics/2010/mar/25/alistair-darling-cut-deeper-mar |
Oh dear the mafia are so intent on abusing posters on other threads they haven’t twigged yours yet.
Stand by for incoming 😀 | | | |
| Well done Remoaners on 09:28 - May 24 with 576 views | flimflam |
| Well done Remoaners on 19:34 - May 23 by bluejacko |
Oh dear the mafia are so intent on abusing posters on other threads they haven’t twigged yours yet.
Stand by for incoming 😀 |
Most probably because it is all true and not much of an argument to be had.
How anyone can say Brown was a good Chancellor / PM is beyond me.
People have short memories but Labour were an absolute car crash for this country and will be again if they get into number 10. |  |
| All men and women are created, by the, you know the, you know the thing. |
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| You really are a tedious little troll on 09:33 - May 24 with 574 views | Dyland |
Do you get paid for this?
Getting fed up with some of the ridiculously polemic posters on here tbh. On both sides. |  |
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| You really are a tedious little troll on 09:36 - May 24 with 567 views | footers |
| You really are a tedious little troll on 09:33 - May 24 by Dyland |
Do you get paid for this?
Getting fed up with some of the ridiculously polemic posters on here tbh. On both sides. |
No, no- this won't do at all.
A two-footed tackle, studs-up post please, mister. | |
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| Well done Remoaners on 09:42 - May 24 with 555 views | WeWereZombies |
| Well done Remoaners on 09:28 - May 24 by flimflam |
Most probably because it is all true and not much of an argument to be had.
How anyone can say Brown was a good Chancellor / PM is beyond me.
People have short memories but Labour were an absolute car crash for this country and will be again if they get into number 10. |
A more balanced view;
'Over his Chancellorship, he reduced the basic rate [of income tax] from 23% to 20%.
Corporation tax fell under Brown, from a main rate of 33% to 28%, and from 24% to 19% for small businesses.
According to the OECD UK taxation increased from a 39.3% share of gross domestic product in 1997 to 42.4% in 2006, going to a higher level than that of Germany. This increase has mainly been attributed to active government policy, and not simply to the growing economy.
...the dividends on stock investments held within pensions to be taxed, thus lowering pension returns and contributing to the demise of most of the final salary pension funds in the UK.
...in his last budget as Chancellor, Brown gave an extra £3 billion in pension allowances, an increase in the child tax credit, and an increase in the working tax credit. These increases were followed by another £1 billion of support for increases in the child tax credit.
The UK eventually sold about 395 tons of gold over 17 auctions from July 1999 to March 2002, at an average price of about US$275 per ounce, raising approximately US$3.5 billion. By 2011, that quantity of gold would be worth over $19 billion,'
All from https://en.wikipedia.org/wiki/Gordon_Brown#Chancellor_of_the_Exchequer_(1997%E2%
The change in taxation of pension fund dividends receivable taxation was a levelling of the playing field that other chancellors had shied away from, it took a bit of courage. However the sale of gold reserves, although sound reasoning from a balanced portfolio persepctive, was handled badly. |  |
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| You really are a tedious little troll on 10:01 - May 24 with 540 views | Dyland |
| You really are a tedious little troll on 09:36 - May 24 by footers |
No, no- this won't do at all.
A two-footed tackle, studs-up post please, mister. |
If the football chat was any good I'd filter it innit. | |
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| Well done Remoaners on 11:30 - May 24 with 494 views | Swansea_Blue |
| Well done Remoaners on 19:09 - May 23 by GlasgowBlue |
Labour weren’t responsible for the global financial crisis but the deficit Brown was running at the time was a massive contributor to the UK recession.
When Labour came to power in 1997 Brown followed Ken Clarke's spending plans for 3 years and ran a surplus. Then in 2000 he committed massive public spending to create masses of people dependant on that government.
From 2000-2007 the size of the state grew from 37% to 50%.
But he couldn't get enough tax to fund the project so he increased Britain’s national debt by 43%. There was no deficit in 2000 but by 2005/6 Brown ran up a boom-time deficit of 3% of GDP , the maximum allowed under EU rules. It was pure financial mismanagement.
From the IFS:
"Looking at the UK’s debt levels, in 2007 we had the eleventh highest level of debt (or seventeenth lowest) when compared with the other 26 OECD countries for which data are available. Between 1997 and 2007, 16 OECD countries (out of 23 for which data are available) experienced larger declines in their ratio of debt to national income than the UK (using the OECD’s measure of “general government net financial liabilities”, which differs somewhat from the Treasury’s preferred measure, “public sector net debt”).
On the eve of the financial crisis, the UK had one of the largest structural budget deficits among either the G7 or the OECD countries and a higher level of public sector debt than most other OECD countries, though lower than most other G7 countries. Most OECD governments did more to reduce their structural deficit during the period from 1997 to 2007 than Labour did. This fiscal position formed the backdrop to the financial crisis."
And Tony Blair: ‘We should also accept that from 2005 onwards Labour was insufficiently vigorous in limiting or eliminating the potential structural deficitThe failure to embrace the Fundamental SavingsReview of 2005-6 was, in retrospect, a much bigger error than I ever thought at the time.’
So:
a) Debt increased in real terms by £500billion during Labour's years in office
b) Debt as a share of GDP was higher when Labour left office than when they took power in 1997
c) The IFS says that "Most OECD governments did more to reduce their structural deficit during the period from 1997 to 2007 than Labour did. This fiscal position formed the backdrop to the financial crisis."
I think the blame for the UK recession of 2007/08 can be laid squarely at Brown's door and it’s the reason we had to have a period of austerity.
You may recall it was Brown’s Chancellor, Alistair Darling, who said that if re-elected Labour planned cuts in public spending will be "deeper and tougher" than Margaret Thatcher's in the 1980s
https://www.theguardian.com/politics/2010/mar/25/alistair-darling-cut-deeper-mar |
As I said, there's an argument that more could have been done before. They could have responded quicker too.
We've got the 10th highest level of debt amongst OECD countries now, so by those same metrics there's littel change after nearly a decade of different governments. | |
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