Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
16 September 2009
18:1029004#1
this Labour Government will not only leave office with an economic crisis but also with higher unemployment than it started with.
Every Labour Government has left office this way despite their rhetoric, but then that is all they have ever been good at, rhetoric. Unemployment today is 2.47 million and headed for 3 million plus, possibly by next summer. It is now at the highest level since 1995.
Guest 649- Registered: 12 Mar 2008
- Posts: 14,118
16 September 2009
18:2329006#2
Barry you also need to look at the unemployment when the blues was last in and at that time the world was not like it is today you can not just sit back and say the reds got us in this mess that would not be true, this was a world thing not just the U.K. All you see is blue and blue ,but let me tell you they made amess of things to in the pass more then once so you can not keep on blameing the reds ,they have not been right all the time and they know it ,but they are now trying to make it some what better.in the good book it tells us all you will have 7years of good then 7years of not so good,and in the 7years of good put some away for the bad years,but the reds did not,and that is what happen.
Guest 649- Registered: 12 Mar 2008
- Posts: 14,118
16 September 2009
18:2329007#3
Barry you also need to look at the unemployment when the blues was last in and at that time the world was not like it is today you can not just sit back and say the reds got us in this mess that would not be true, this was a world thing not just the U.K. All you see is blue and blue ,but let me tell you they made amess of things to in the pass more then once so you can not keep on blameing the reds ,they have not been right all the time and they know it ,but they are now trying to make it some what better.in the good book it tells us all you will have 7years of good then 7years of not so good,and in the 7years of good put some away for the bad years,but the reds did not,and that is what happen.
Guest 649- Registered: 12 Mar 2008
- Posts: 14,118
16 September 2009
18:2329008#4
Barry you also need to look at the unemployment when the blues was last in and at that time the world was not like it is today you can not just sit back and say the reds got us in this mess that would not be true, this was a world thing not just the U.K. All you see is blue and blue ,but let me tell you they made amess of things to in the pass more then once so you can not keep on blameing the reds ,they have not been right all the time and they know it ,but they are now trying to make it some what better.in the good book it tells us all you will have 7years of good then 7years of not so good,and in the 7years of good put some away for the bad years,but the reds did not,and that is what happen.
Guest 649- Registered: 12 Mar 2008
- Posts: 14,118
16 September 2009
18:2529009#5
Do I SEE THINGS IN 3,what happen then? now you have to read it 3 times.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
16 September 2009
18:3429010#6
Vic - I have pointed out that the record of every Labour Government has been the same over these issues. That cannot be said about every period of Conservative Government.
Recessions come and go, they are cyclical despite what the deluded Brown tried to claim with his end to boom and bust statement.
By changing the regulation of the banks in 1997 with his tri-partied system Brown sowed the seeds for the banking crisis that made the present recession much worse than it might have been.
These changes lead to unsustainable growth of domestic borrowing on credit cards and mortgages accompanying a housing bubble. Add that to his huge increased public spending and borrowing during the part of the economic cycle when borrowing should have been repaid, the seeds to create a Brown made disaster out of a world recession were well and truly sown.
Neither can you just blame the American and their sub-primes. A lot of that American sub-prime lending was by British Banks after they regulation changes let them loose. Also, not every country has been as badly hit by the sub-prime situation as the UK (even taking into account the relative to the importance of each country's financial markets to their economy)
A few years ago the present state of affairs were predicted by two journalists (left wing ones, not Tories) in a book called 'Fantasy Island'. I posted on the forum about it at the time. You might still find the book at Amazon. So I am not speaking in retrospect, in fact I have posted often over the years on the forum about Browns mismanagement.
Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
16 September 2009
19:0529012#7
barry,still lower than when they took over in 97,vic has a point,must be true in what he says hes done it in triplecut.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
16 September 2009
21:3929019#8
No Brian - unemployment is now at its highest level since 1995.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
16 September 2009
21:4829022#9
exactly barry, who was in charge then, and what were they doing to help those without jobs.
the present crowd are opening up new opportunities to youngsters just coming on to the jobs market.
Guest 670- Registered: 23 Apr 2008
- Posts: 573
16 September 2009
22:2429025#10
Another factor to take into consideration is that the population in 1995 was something like 52million whereas now it is 56million so the percentage of unemployment in 1995 was higher then to what it is now.
Guest 645- Registered: 12 Mar 2008
- Posts: 4,463
16 September 2009
22:4629026#11
Dave1
The latest figures are that the estimated resident population of the UK was 61,383,000 in mid-2008, up by 408,000 on the previous year. Children aged under 16 represented around one in five of the total population, around the same proportion as those of retirement age. In mid-2008 the average age of the population was 39 years, up from 37 in 1998.
Marek
I think therefore I am (not a Tory supporter)
Guest 645- Registered: 12 Mar 2008
- Posts: 4,463
17 September 2009
06:0029031#12
It now appears that the German Banks(held in high esteem by my ol' mucker BarryW) have been less than honest or shall we say have been economical with the truth, as it was revealed today that they have 'sat on' (to use the TV reporters terminology) over 200 billion Euros of bad debt which experts now feel cannot or will not be repaid by their corporate borrowers.
This sudden disclosure could have an 'aftershock' effect on the German economy and they may not be as far out of the shit as BarryW likes to think and often quotes as a paragon of how better Germany has coped with the crisis in comparison to the UK.
Marek
I think therefore I am (not a Tory supporter)
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
17 September 2009
07:3929034#13
I have not praised the German Banks Marek and dont particularly hold them in any esteem. Most developed countries are coming out of recession earlier and faster than the UK. It remains true that most developed countries did not suffer the same degree of banking problems as we did and British Bank lending overseas has been a massive factor in those problems they have had. Some OECD figures showed that British Banks lent to American citizens alone an amount the equivilent to 10% of Americas GDP - a massive figure, since 1997. Worldwide lending by British Banks is huge. The British Banking failure has had repercussions way outside the UK.
Howard - the difference is that unemployment was coming down in 1995 and now it is on the rise, whats more there was no economic crisis but instead a 'golden legacy' in 1997 when Labour gained power.
Dave - there are some big differences indeed. Most jobs are going to immigrants and most new jobs have been in the public sector with employment in the private sctor shrinking as a proportion of the workforce since 1997. This is a totaly unsustainable model. We need employment growth in the private sector creating wealth not absorbing it.
