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sambaDTR Posted on 08/11/2019 00:40
Austerity.
 
A word most people are sick of. How do we end it?

Link:
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xxlshirts_fit_all Posted on 08/11/2019 01:05

Austerity.
Iíll bite.... vote labour...
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Anton_Berg Posted on 08/11/2019 08:41

Austerity.
Make the majority experience it first.
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bear66 Posted on 08/11/2019 08:44

Austerity.
by leaving the EU
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Ticker_Tape Posted on 08/11/2019 08:44

Austerity.
A lot just might next year.
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Stigmata Posted on 08/11/2019 09:59

Austerity.
A rebite.
"Iíll bite.... vote labour..."

They caused it with their incompetence.
Without checking that comment, was it Liam Byrne ?
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Theodore_Bear Posted on 08/11/2019 10:12

Austerity.
Stigmata - if by "their incompetence" you mean "light touch financial regulation" you should check back and see what the conservatives stated policy position was on financial regulation at the time. As recently as 2007 David Cameron endorsed a report called "Freeing Britain to Compete" that:

"recommended that a vast range of regulations on the financial services industry should either be abolished or watered down, including money-laundering restrictions affecting banks and building societies. The report also saw ďno need to continue to regulate mortgage provisionď, saying it is the lender, not the client, who takes the risk."

Link: Conservative "Light Touch" Financial Regulation
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BessemerConvertor Posted on 09/11/2019 18:54

Austerity.
Change the accepted definition of the term to its normal and natural use in the 1940s. We have not experienced, or even approached, "austerity" in these terms in the 21st century.
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jcjc Posted on 09/11/2019 22:02

Austerity.
vote labour live beyond your means for a few years and repeat austerity
any party needs to balance books with some sensible lending
labour more police and doctors but will be working less hours ??
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BessemerConvertor Posted on 09/11/2019 22:22
Edited On: 09/11/2019 22:27
Austerity.
Go back a month and present the Tory's spending plans as Labour policy and they would rightly have been condemned as unaffordable without steep tax increases on middle income families. As I have said before, Labour at least say they will tax the rich and corporations to fund the gap however unlikely this is to work at least they have a plan.

Tory economic policy is to substantially increase spending with no tax increases for working families combined with a reduction in tax for high earners which can only lead to an increase in the national debt at a time of low interest rates when we should be paying down debt. So what will happen when interest rates rise? or is this something that will not or cannot occur?

I think we should vote Labour as we will be able to judge more quickly whether borrowing and spending more is sensible. If it is all well and good, if not, we might get a swing towards a government that spends what we can afford. If you want to know what its like when a country spends more than it can afford in normal times then speak to a Greek friend.
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DowningAlbion Posted on 09/11/2019 22:27

Austerity.
jcjc - "any party needs to balance books with some sensible lending"

The Tories have tripled UK debt, how is that living within means? The Daily Mail probably doesn't tell you that

The New Labour economic project was massively successful between 1997 - 2008 an economic golden age for UK that was only halted by a global financial crisis created in the US

To pretend that Tories are good with the economy but Labour not is a massive fraud.

But you probably just believe what your tabloid of choice tells you to, so I'm wasting my time
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BessemerConvertor Posted on 09/11/2019 22:40

Austerity.
DA - the consensus of independent economic analysis suggests there is little difference between Labour & Tory management of the national debt, adjusted for inflation, since 1997.
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DowningAlbion Posted on 09/11/2019 22:47

Austerity.
BC - ok that means the idea that Labour is automatically bad for the economy is a delusion held by the brainwashed [^]
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go_nads Posted on 09/11/2019 23:03

Austerity.
If the economic management is similar, why is it things are so much worse under this government? I mean by things, every perceivable public service, not to mention that supposedly we have more people I work and record tax income? The sums donít add up.
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BessemerConvertor Posted on 09/11/2019 23:11

Austerity.
The proof of the pudding is in the eating so let us see how the election pans out.

I am a democrat and will accept the result of the election unequivocally (subject to no large scale fraud) as I have lived much of my life under governments I did not vote for (including the latest one) but go along with the view of the voters under our democratic system. I choose not to insult people who vote differently to me.

I would however say I am more than a little concerned by the increase in people who support some parties to belittle the intelligence or motives of people with views opposed to their own. The rise of such views has provided very dark days in the living memory of some on this board.
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BessemerConvertor Posted on 09/11/2019 23:21

Austerity.
DA - to reply to your specific question IMO no there is nothing which automatically means Labour governments are any more economically incompetent than the Tories. That said, it is a long time since the UK had a government that actually attempted to balance the books.
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jam69 Posted on 10/11/2019 00:46

Austerity.
if you look at facts , the last one was under new labour
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Lefty Posted on 10/11/2019 03:08

Austerity.
Osborne was attempting to balance the books, itís one of the reasons he made such a ludicrous statement about the budget he might have to introduce if Britain voted Leave in the referendum. He was suggesting attempting to do via a budget what the Bank of England stepped in to achieve, assumed many firms might react quickly rather than wait and see if Brexit meant leaving the Single Market and still meet his targets for deficit reduction. His fiscal policy was rubbish anyway but then post referendum Hammond had to abandon Osborneís rules anyway.
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UKLL1981 Posted on 10/11/2019 04:23

Austerity.
Pass it on to your kids, grandkids and great grandkids instead by voting Labour.
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BessemerConvertor Posted on 10/11/2019 17:41

Austerity.
Jam 69 to be fair the current Conservatives are to the left of the Blair government.
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