Is UK f**ked ?
Nov 10th 2009, 9:11 am
#376
Banned
Joined: Oct 2009
Posts: 62
Re: Is UK f**ked ?
Lawson started well. He had quite a radical budget in the mid eighties that lowered the tax take down to sensible levels and the economy benefited from it. Howe was a complete numpty. The ERM was a mistake (take note willamos - this was under the Tories). Lamont was also a numpty.
I think we can agree that historically speaking, Labour is not the only party that can screw up the economy.
I think we can agree that historically speaking, Labour is not the only party that can screw up the economy.
On the subject of the ERM, and Lamont had to work under that constraint, Labour and the Libs were even more enthusiastic than the Tories. The Economist and FT thought it was a panacea for our economy and it was thought heretic to speak out against it. Only a few monetarist Economists like Tim Congdon, Patrick Minford and of course Alan Walters (Lawson's nemesis) did and they were proved right.
Nov 10th 2009, 9:13 am
#377
Account Closed
Joined: Jun 2005
Posts: 9,316
Re: Is UK f**ked ?
Well it's pointless arguing because I disagree with a lot of that.
On the subject of the ERM, and Lamont had to work under that constraint, Labour and the Libs were even more enthusiastic than the Tories. The Economist and FT thought it was a panacea for our economy and it was thought heretic to speak out against it. Only a few monetarist Economists like Tim Congdon, Patrick Minford and of course Alan Walters (Lawson's nemesis) did and they were proved right.
On the subject of the ERM, and Lamont had to work under that constraint, Labour and the Libs were even more enthusiastic than the Tories. The Economist and FT thought it was a panacea for our economy and it was thought heretic to speak out against it. Only a few monetarist Economists like Tim Congdon, Patrick Minford and of course Alan Walters (Lawson's nemesis) did and they were proved right.
Nov 10th 2009, 7:03 pm
#379
Lost in BE Cyberspace
Joined: Oct 2008
Location: Perth
Posts: 6,781
Re: Is UK f**ked ?
He did give us an unnecessary recession and managed to extend it for years longer than it needed to be. So he was on the road.
The reality is that governments of any flavour who are in for a long time start screwing the country up. Although you can knock Blair and Brown for ****ing things up this does not mean that the country would not have also been ****ed up by the Tories.
I'm sorry but you're a naive idealist if you truly think that the Conservative party would NEVER f*** things up like a Labour government does.
As for Heath. If you don't remember the 3-day week then look it up.
The reality is that governments of any flavour who are in for a long time start screwing the country up. Although you can knock Blair and Brown for ****ing things up this does not mean that the country would not have also been ****ed up by the Tories.
I'm sorry but you're a naive idealist if you truly think that the Conservative party would NEVER f*** things up like a Labour government does.
As for Heath. If you don't remember the 3-day week then look it up.
How i wonder will they go about repairing the nation and who will pay?
Last edited by the troubadour; Nov 10th 2009 at 7:06 pm. Reason: spelling
Nov 10th 2009, 7:12 pm
#380
Straw Man.
Joined: Aug 2006
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Posts: 46,302
Re: Is UK f**ked ?
... and who left the country in the state its in? Labour inherited a confident country and turned it into a credit obsessed fear based paranoid place, nice legacy!
Nov 10th 2009, 7:17 pm
#382
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Nov 10th 2009, 7:20 pm
#384
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Nov 10th 2009, 10:11 pm
#388
Lost in BE Cyberspace
Joined: Oct 2008
Location: Perth
Posts: 6,781
Re: Is UK f**ked ?
Credit obsessed society was around long before Labour got in. Shame Labour didn't see fit to nail their own colours to the mast instead of apeing too many Tory policies.
Nov 11th 2009, 4:21 am
#390
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