Re: Did the UK do the right thing in voting to leave the E.U.
 

Jezza Corbyn - there's a viable alternative.........

:rofl:

Re: Did the UK do the right thing in voting to leave the E.U.
 

Everyone loves a Jezza, especially his own party.

Re: Did the UK do the right thing in voting to leave the E.U.
 

And the great thing is, because of his party's pathetic system of electing candidates, he will remain the leader of the opposition, thereby ensuring that the conservatives will be able to run amok. May will walk it in 2020 if he is still leader

A righter brighter future therefore awaits

:thumbsup:

Re: Did the UK do the right thing in voting to leave the E.U.
 

It will be righter that's all we know.

May is a she. ;) (I know you meant Corbyn)

Re: Did the UK do the right thing in voting to leave the E.U.
 

The austerity that is coming will be a thing of beauty

Of all the western countries that are drowning in the debts of the cradle to the grave, no responsibility welfare systems that they created, the UK has the best chance of breaking it for good

Re: Did the UK do the right thing in voting to leave the E.U.
 

It's funny then how the Party abandoned its election pledge to bring the budget back into surplus by 2020 after Brexit conceding that the austerity required and the revenue raising hoped just won't happen. Still, you dream on.

Re: Did the UK do the right thing in voting to leave the E.U.
 

Depends which debt. For the most, you have Alistair Darling to thank for the current situation. Its all about trajectories. Its pretty clear here who you want managing the economy.

http://www.economicshelp.org/wp-cont...14-600x444.png

Re: Did the UK do the right thing in voting to leave the E.U.
 

Repeat - the Tories had an election manifesto to remove the BUDGET deficit by 2020 (i.e. produce budget surpluses by then). After Brexit George Osborne announced that this would no longer be possible. Nothing to do with national debt, % of GDP, Labour, Alistair Darling or Uncle Tom Cobbleigh - the promise to produce budget surpluses abandoned as being no longer achievable.

http://www.primeeconomics.org/articl...os059pp0w7gnpe

"Looking at overall budget deficits (i.e. including public investment) for the period 1970/1 to 2008, for Conservative governments, over this period the average annual overall deficit is 2.9% of GDP, while for Labour governments in the same period, the average overall deficit is 2.6% of GDP. "

As said the evidence (not myths or perceptions) - The current false “truth” endlessly repeated by those who would benefit from its propagation, and by those who should know better, is that Labour governments are fiscally profligate and/or incompetent compared to other parties' governments.

Re: Did the UK do the right thing in voting to leave the E.U.
 

Correct. Same applies in Oz too.

Their records and legacy damage speak for itself.

Re: Did the UK do the right thing in voting to leave the E.U.
 

Too true. We would miss Mr Corbyn if he stood. He is easy pickings.

We will miss Dave too. Lets hope Mrs May has the same speaking ability.


The end is truly a worthwhile watch.

Re: Did the UK do the right thing in voting to leave the E.U.
 

Interesting place to stop your comparison you have there. You don't go in for climate denial in your spare time, do you?

And even so, you claim that Labour have a lower overall average deficit? You sure you don't moonlight on climate denial ???

Yes, the UK has structural problems, which have not been addressed over near 50 years. Australia also has structural problems. Most of the western world has structural problems. And the main reason for that is the corruption that sent most of the jobs overseas and most of the profits in tax havens and the 1%s pockets - rather than reinvesting in building new capacity and a better world for the citizens of those countries.

Whadda you know, that model doesn't work.

Re: Did the UK do the right thing in voting to leave the E.U.
 

Geez you are breathtakingly one eyed. The context of the quote was that the evidence suggests the contrary to the bit you selectively picked out and it is a myth held by right wingers. Tory budget deficits = 2.9% of GDP 1970 to 2008; Labour budget deficits = 2.6% of GDP 1970 to 2008 and the worst budget deficits were actually under Margaret Thatcher. Which part of that don't you understand?

Re: Did the UK do the right thing in voting to leave the E.U.
 

Post GFC recovery isn't included for obvious reasons as Labour wasn't in power after 2010 - there's only one labour deficit to include. 1970 to the GFC is a fair comparison.

Re: Did the UK do the right thing in voting to leave the E.U.
 

This may help you. The only time Labour brought a surplus was on the back of a conservative trajectory. Then they blew it pretty quickly.


http://www.cityam.com/sites/default/...government.png

Yes I am one eyed but for good reason. When a country has a good economy, we all benefit. Labour governments have a strong tradition of destroying economies.

Re: Did the UK do the right thing in voting to leave the E.U.
 

You're on a different page to me mate when raising Climate Change etc. I'm merely refuting the myth that only Tories are safe with the economy as BO claims. If we are going to judge the size of the budget deficit as a measure of economic management then the Labour deficits as a % of GDP were smaller than those of the Tories over the near 40 year period mentioned.

As you know the GFC started in 2008 so that's why the figures I quoted stopped then - Labour only had 1 budget after that before they lost power. You don't think a near 40 year period and numerous governments of either party tells a meaningful story? Probably you aren't interested and want to talk about other things. ;)