On 12 Apr 2015 at 10:31pm Tory Nightmare wrote:
So the Tories are going to cut inheritance tax for properties less than 1k,and make companies pay for their workers to volunteer as litter pickers or some other sticking social sticking plaster. Meanwhile the country and the Tory party will be tearing itself to pieces for two years over a European referendum and an unsucessfull renegotiation of our terms of membership .All these events causing widespread uncertainty in the markets and curtailed investment, as commerce and industry suffer a prolonged case of the jitters and we suffer a run on the pound .Added to this toxic Tory brew we have a further ten billion pounds in unspecified welfare cuts and a housing and rental market spiraling out of control.What an absolute nightmare,and you want these Tory chancers to win? Are you thinking straight?
On 13 Apr 2015 at 7:17am Phfellow2004 wrote:
Thinking about nightmares, there could be nothing worse than Miliband and Sturgeon in the driving seat!
On 13 Apr 2015 at 7:18am Sussex Jim wrote:
Or we could go back to another nightmare Labour government of spend, spend, spend and wrecking the economy.
Things are just beginning to turn around now- please don't mess it up!
On 13 Apr 2015 at 8:01am Sussex fool wrote:
Labour did not wreck the economy. Please stop spouting regurgitated meaningless drivel. There was a financial crash caused by the banks. Remember? If the Tories had been in power it would have been exactly the same. They are not turning it around either. They are wrecking the NHS, selling any asset they can get hold of to enrich their city friends and are causing pain and misery to millions of impoverished households.
And they have not got this so called 'deficit' down either because the are incompetent.
On 13 Apr 2015 at 9:13am Mark wrote:
Just so... and I think that in general if you did want to go down the road of blaming a political party for the recession I would choose the Tories. It's a natural consequence of deregulated markets and a shrunken state-sector - a very volatile economy with boom and bust. It didn't happen before the late 70s.
On 13 Apr 2015 at 9:23am Historian wrote:
Tony Blair promised to end the swinging of the Boom and Bust economy. He certainly did, we've been bust ever since. Fact.
On 13 Apr 2015 at 9:52am Paul Newman wrote:
The crash was caused ultimately by a failure to control the money supply by a wide definition , ir the credit available in the housing market.Whilst the affects are felt around the world it started only in one or two housing markets the US and the UK being the most prominent and was caused by two parallel governments ,. New Labour and Clinton`s Democrats.
SUB PRIME -UK PROBLEM
There was more sub prime lending here than in the US because New Labour failed to act to control the housing bubble
This unearnt money flooded out of the housing market ,caused a long boom which was partly real but also asset price driven. Due to the explosion in the far East the inflation you would expect didn`t come and here is where New Labour made their appalling mistake
LABOURS MISTAKES THE END OF BOOM AND BUST
In the second term, they came to believe this magically achieved new level of painless property was the new normal and that the markets would never correct. They believed something would happen hat has never happened and .New Labour told everyone for years they had created a economic miracle where you could have prosperity with high government spending and low taxes .
A lie they continue to peddle
Meanwhile they had abandoned the Bank Of England`s role in oversight which would have at least sounded a warning. Then most seriously spending was expanded finaced by the boom money but also and unforgivably with borrowing!!!!
The structural gap New Labour created was revealed when the inevitable correction came and our exchequer quickly developed a world class deficit and ever mounting National Debt unknown since war debts had been paid ( a special case Labour routinely drag in to muddy the waters like some slimy endowment salesman with his lie graph)
WHERE WE ARE TODAY
1-The National debt as of the first quarter in 2015 is £1.56 trillion, or 81.58% of total GDP,
2- The annual cost of servicing (paying the interest) the public debt amounted to around £43bn, or roughly 3% of GDP. ( o.3% of this is connected wqith the £!40 billion or so put into the Banks ) it is close to half the deficit at record low interest rates
3 The national debt is increasing by approximately £107 billion per annum, or around £2 billion
LABOURS TAX IDIOCY
Its worth bearing these figures in kind when Labour prattle on about a hundred million of £2bn which I very much doubt will run up at all anyway No one government can take the blame for this but New Labour are 100~% responsible for the debts , for the UKs part in the crash .
THEY ARE GOING TO DO IT AGAIN .
Every denial tells us one thing . They will dio it again Ignore the promises, the coalition got nowhere near their targets imagine how close Labour backed by the SNP will get
THIS IS HOW GREECE SOLD ITS FUTURE BY BELIEVING TRANSPARENT LIES AND DENYING THE FACTS.
THIS IS WHAT ALL DEBTORS DO
LIE TO OTHER
LIE TO THEMSELVES
On 13 Apr 2015 at 10:26am Brown take responsibiity wrote:
The Toriesand their city chums were shouting for even more deregulation before the crisis and unlike Labourt hey have never admitted their part in the crisis unlike Gordon Brown who has taken full responsibility his part for in the British banking crisis. In 2011, addressing the Institute for New Economic Thinking in Bretton Woods, New Hampshire, Gordon Brown said he had come under "relentless pressure" from the City not to over-regulate.
"We know in retrospect what we missed. We set up the Financial Services Authority (FSA) believing that the problem would come from the failure of an individual institution," he said.
"So we created a monitoring system which was looking at individual institutions. That was the big mistake.
"We didn't understand how risk was spread across the system, we didn't understand the entanglements of different institutions with the other and we didn't understand even though we talked about it just how global things were, including a shadow banking system as well as a banking system.
"That was our mistake, but I'm afraid it was a mistake made by just about everybody who was in the regulatory business."
'Incomplete understanding'Incomplete understanding'
Mr Brown said the banking meltdown had forced a rethink of financial regulation "in its entirety".
"I have got to accept my responsibility and I do, and I have been very open about saying we made mistakes on that," he said.
"But in a world where the understanding of what global meant was incomplete, I think many writers as well as many regulators made exactly the same mistake."
Mr Balls, said the current Chancellor, George Osborne, had been a keen advocate of further banking deregulation when the Conservatives were in opposition.
Mr Osborne had accused Labour of being "too tough", he said, adding: "You aren't hearing that from George Osborne anymore."
Ed Balls also said: "I take my responsibility. I was in government. In Britain, our government, our central bank and our regulator, like in America, in Germany and across the world, we didn't get [bank regulation] right.
We didn't understand how risk was spread across the system, we didn't understand the entanglements of different institutions
"But the actions we took to stop this becoming a global economic meltdown were right."
On 13 Apr 2015 at 10:28am Hello wrote:
"here was more sub prime lending here than in the US "
Now that is just utter, utter tosh.
New Labour should have run a surplus in the good times but I see no evidence that the Conservatives would not have followed similar policies. There's a possibility we could have ended up with a marginally smaller problem now.
On 13 Apr 2015 at 10:46am Voter wrote:
Like thousands of voters, I WAS careful about what I wished for, and got a yellow Tory anyway. This year I will be voting for a party I actually support, since who knows how many actual non-Lib-Dem tactical voters there are who have been propping up an MP who rewarded them with; an appalling pro-Tory voting record, and not a whimper about the irony of his 'a vote for Labour is a vote for the Tories' . So since my vote wasn't worth an apology, or 5years of acting with the integrity of an MP reliant on tactical votes, my vote is obviously neither respected or needed anyway.
On 13 Apr 2015 at 10:51am Mark wrote:
The sub prime comment is just the tip of the iceberg tosh-wise. I think that that's actually his most absurd post ever. Carry on embarrassing yourself, Mr Newman
On 13 Apr 2015 at 11:06am lewes resident wrote:
Quite simple voting Labour is like voting for the politics of envy. I won't be voting for them or Lib Dem's
On 13 Apr 2015 at 11:24am Floating Voter wrote:
Whilst you all waste time blaming for a global financial crash that was driven by corporate greed, think about all the families and vulnerable that are now paying and starving for these failures. Social mobility and opportunity has been trashed. The Tories will not improve this in any shape or form. Other parties may, but not even that's guaranteed. Before you vote, have a modicum of intelligence and read some policies. I certainly won't be voting for Maria Caulfield for Lewes as her party and individual views will not protect the vulnerable and the NHS.
On 13 Apr 2015 at 11:24am Hector wrote:
Lewes resident you hit the nail on the head your 'Quite Simple' !
On 13 Apr 2015 at 11:25am Labour voter wrote:
The politics of envy?I don`t envy your lack of intelligence at all.Quite the opposite in fact.
On 13 Apr 2015 at 11:33am Sussex fool wrote:
What are the Tories doing now Paul if not stoking another massive housing boom with help to buy and the pension take out. Why do you think interest rates are not rising? because a slight rise in interest rates and it will all come crashing down again. The only reason we have a recovering economy is because of help to buy. it is all build on housing again can you not see that!!! Maybe if you look around you instead of paraphrasing right wing propaganda you will see some reality!!!
On 13 Apr 2015 at 11:59am Top Rate Taxpayer wrote:
I may or may not be a Labour voter, but 'politics of envy' is such an amazingly silly, and inaccurate belief, that I can't even be bothered to explain why.
On 13 Apr 2015 at 1:11pm Paul Newman wrote:
Banking regulation is not the point Brown boy as I have tried to explain repeatedly. That is like Jack the Ripper owning up to poor surgical technique. Well yeah but hardly the point is it !!
Poor demand management caused the crisis but that was not just us
Fiscal squander however only one suspect. Brown and I am yet to hear any hint his bag boy is not gearing up to do it again
Look I am not talking to the Trolling goon am talking to anyone who cares about the country
Even if it all sounds to you like he says this and they say that ( which is the point of lying at this level ) facts are facts
National debt -£1.56 trillion, or 81.58% of total GDP,
Interest £43bn, or roughly 3% of GDP or nearly half the deficit Interest on bonds for Bank Share buying 0.3% of govt spending
Deficit £107 billion or about £2billion per week
Thats the amoun the National debt increases every week
That is after supposed AUSTERITY
LABOUR SAY WE ARE UNDER BORROWED
THAT IS INSANE
You can have your own opinions , you can`t have your own facts !
On 13 Apr 2015 at 1:24pm Paul "Gradgrind "Newman wrote:
"Now, what I want is, Facts. Teach these boys and girls nothing but Facts. Facts alone are wanted in life. Plant nothing else, and root out everything else. You can only form the minds of reasoning animals upon Facts: nothing else will ever be of any service to them. This is the principle on which I bring up my own children, and this is the principle on which I bring up these children. Stick to Facts, sir!" The scene was a plain, bare, monotonous vault of a schoolroom, and the speaker's square forefinger emphasized his observations by underscoring every sentence with a line on the schoolmaster's sleeve. The emphasis was helped by the speaker's square wall of a forehead, which had his eyebrows for its base, while his eyes found commodious cellarage in two dark caves, overshadowed by the wall. The emphasis was helped by the speaker's mouth, which was wide, thin, and hard set. The emphasis was helped by the speaker's voice, which was inflexible, dry, and dictatorial. The emphasis was helped by the speaker's hair, which bristled on the skirts of his bald head, a plantation of firs to keep the wind from its shining surface, all covered with knobs, like the crust of a plum pie, as if the head had scarcely ware-house-room for the hard facts stored inside. The speaker's obstinate carriage, square coat, square legs, square shoulders,-nay, his very neckcloth, trained to take him by the throat with an unaccommodat-ing grasp, like a stubborn fact, as it was,-all helped the emphasis. "In this life, we want nothing but Facts, sir; nothing but Facts!" The speaker, and the schoolmaster, and the third grown person present, all backed a little, and swept with their eyes the inclined plane of little vessels then and there arranged in order, ready to have imperial gallons of facts poured into them until they were full to the brim.
On 13 Apr 2015 at 1:26pm Sussex fool wrote:
So anyone who do don't agree with is a troll eh? well at least I have the decency and balls to stand up to your rubbish.
I think you, like the politicians know what is really going on but instead dismiss the argument as rubbish and then carry on spouting stats like some wikipedia article gone mad! An economy built on constantly increasing personal debt is going to crash no matter who is in charge. FACT!
On 13 Apr 2015 at 1:36pm lewes resident wrote:
the terminology "politics of envy" was actually made by an Oxbridge graduate so don't really think they are lacking in intelligence . Of course remember everyone is equal but funnily enough some are more equal than others especially the members of the Labour party.
On 13 Apr 2015 at 1:59pm milk snatcher wrote:
I agree with you mark. It all comes down to the massive deregulation in the eighties. Thatcher never cared much for long term plans or anything that didn't involve greed and selfishness. We are paying that price now!
On 13 Apr 2015 at 2:10pm As we sowed wrote:
we are reaping - yet you'll never turn Sussex away from Blue.
On 13 Apr 2015 at 2:22pm Top Rate Taxpayer wrote:
Lewes Resident. What makes you think I don't know that, and am not an Oxbridge Academic myself? (as if that validates anything) I also cannot be bothered to explain the dangers of using hackneyed quotes to seem well informed.
On 13 Apr 2015 at 3:47pm rubbish wrote:
It's all true. I 'ad that Ed Miliband in the back of me cab just last week and blimey o reilly, I'm blessed if he didn't keep going orn n Orn about ow we is underborrowed. Paul Newman, you fool.
On 13 Apr 2015 at 5:53pm Hackney Carriage wrote:
I had the same rubbish in me sherbert too, week fore last
On 13 Apr 2015 at 5:54pm Sussex Jim wrote:
Excuse me, milk snatcher- The Thatcher government allowed local authorities to release defunct areas of land to self-build schemes.
I was on one of these; and twenty of us gave up about 18 months of our spare time-evenings and weekends- to build our own houses and kick start our way up the "property ladder".
Most of us in that group will never be a burden on the state.
On 13 Apr 2015 at 6:28pm Sussex Dim wrote:
Excuse me Sir,I am kept so heavily sedated I don`t know what day it is.What were we discussing?
On 13 Apr 2015 at 6:35pm Country Boy wrote:
I still cant get over how many people believe the State owe them a living or just generally blame everyone but themselves for their current plight. There was a graduate on television the other night who was complaining she couldn't find a job in her home town so she is on benefits. My son, who has just turned 17 travels 2.5 hrs each way to work each day on an apprentice's wage of £128 per week. Is he complaining - No! He sees it as an investment in his future.
On 13 Apr 2015 at 7:46pm Boris wrote:
Great post Country boy, In order for me to be able to afford to buy a house in Lewes I had to move out of town to a cheaper area and slowly work my way back. I never recented doing that and appreciate what I now have a lot more from the experience.
Back in the eighties I had to pay to put myself through 5 years of Plumpton College by working hard evenings and weekends. ( And you thought tuition fees hadonly been around 10 years ) , again I didn't recent it, I got on with it and it gave me a work ethic that I still have this day.
Sussex Fool at the top of the thread. Can you back up with fact any of the acusations that you have made about the coalition or are you just repeating Red Ed's sound bites?
On 13 Apr 2015 at 8:40pm Sussex fool wrote:
I think the fact that the global financial crash occurred globally might be a clue. If the crash had not happened then we would not be 'in this mess left by the last goverment' as is constantly spouted. I am no fan of new labour but I believe Gordon Browns intervention in bailing out the banks was praised as quick thinking and followed by other countries. Successive UK and US administrations are collectively responsible for all the booming and busting and the current regime is making the same mistakes as the next regime will do until the whole system collapses. I am not aware that 'red ED' is espousing a philosophy along these lines. I wish he would.
On 14 Apr 2015 at 6:41am Boris wrote:
I would congratulate the Labour party on convincing what apears to be a hell of a lot of people that bankrupting the country had nothing to do with them.
Sussex fool, what about backing up your fact that they are not turning the economy round, they are wrecking the NHS,they are selling any asset they can to enrich their city friends and that they haven't reduced the deficit.
On 14 Apr 2015 at 7:44am To Jim and Dim wrote:
You both are shining examples of Thatcherism - Dim, you are Care in the Community. Jim take a ride out to Roebuck Park aka Hellingly Asylum and view the Nations asset of hundreds of acres given away to Private Enterprise for profit, and on the way back to Lewes call @ a builders merchants and check out the price of one Fletton.Then come back here and tell us how a person can buy to live in Lewes, now not back in the golden days.
On 14 Apr 2015 at 10:22am Paul Newman wrote:
Do people have a god given right to live in what is a moderately expensive area then ?
On 14 Apr 2015 at 5:13pm Newman is an ass. wrote:
Newman you are an unspeakably selfish tw@ and a misogynist to boot,and boy would I like to boot you in the fundament.
On 14 Apr 2015 at 10:40pm Bike and ladder wrote:
I kickstart my bike and climb my ladder. What mind expanding drug is Sx. Jim on. Perhaps he didn't wear enough PPE when he built his house
On 15 Apr 2015 at 12:09am Pork Sword wrote:
Boris (Paul), keep convincing yourself that The New Labour government bankrupted the country and it had nothing to do whatsoever with having to bail out the bastions of Capitalism; the banks. It must have pained you to have witnessed their Nationalisation, or maybe not as it is all too easy for halfwits like you to blame those bloody lefties.