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Politics Today

tavyred

Very well known Exeweb poster
Joined
Aug 23, 2004
Messages
13,913
Since 2010 the Tories have doubled the national debt. Doubled it to £2 trillion. Austerity - so what was that all about ?
I guess Cameron and Osborne would argue that had they not tackled the structural deficit with their austerity agenda, the national debt might be closer to £3 trillion now.
 

RedPaul

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Joined
Apr 23, 2004
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5,298
Location
Woking
I guess Cameron and Osborne would argue that had they not tackled the structural deficit with their austerity agenda, the national debt might be closer to £3 trillion now.
The roof was fixed while the sun shone. Now it is chucking it down. 😬
 

lamrobhero

Active member
Joined
May 31, 2018
Messages
1,303
Location
Hangingstone Hill
I think that I am right in saying that the money printing propped up the financial markets. Maybe there was an alternative.
 

Mr Jinx

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Joined
Nov 28, 2006
Messages
14,799
I think that I am right in saying that the money printing propped up the financial markets. Maybe there was an alternative.
Yep, fixing the doors once Labour blew then open circa 2008.
 

lamrobhero

Active member
Joined
May 31, 2018
Messages
1,303
Location
Hangingstone Hill
Yep, fixing the doors once Labour blew then open circa 2008.
From Wikipedia:
The financial crisis of 2007–2008, also known as the global financial crisis (GFC), was a severe worldwide financial crisis. Excessive risk-taking by banks combined with the bursting of the United States housing bubble caused the values of securities tied to U.S. real estate to plummet, damaging financial institutions globally, culminating with the bankruptcy of Lehman Brothers on September 15, 2008, and an international banking crisis.
 

DB9

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Joined
Jun 19, 2005
Messages
24,516
Location
Hampshire. Heart's in N Devon
From Wikipedia:
The financial crisis of 2007–2008, also known as the global financial crisis (GFC), was a severe worldwide financial crisis. Excessive risk-taking by banks combined with the bursting of the United States housing bubble caused the values of securities tied to U.S. real estate to plummet, damaging financial institutions globally, culminating with the bankruptcy of Lehman Brothers on September 15, 2008, and an international banking crisis.
Don't let the facts destroy a good story, All Labours fault in 2008 has kept the Tories going.
 

Mr Jinx

Very well known Exeweb poster
Joined
Nov 28, 2006
Messages
14,799
From Wikipedia:
The financial crisis of 2007–2008, also known as the global financial crisis (GFC), was a severe worldwide financial crisis. Excessive risk-taking by banks combined with the bursting of the United States housing bubble caused the values of securities tied to U.S. real estate to plummet, damaging financial institutions globally, culminating with the bankruptcy of Lehman Brothers on September 15, 2008, and an international banking crisis.
It only affected countries that were badly exposed. Australia, and several other countries that hadn't put all their chips on the casino banking sector, were largely unaffected.

If you stick with the view that it was simply a world crisis that the UK got caught up in and was nothing to do with anything that Labour had done in their preceding 11 years in power, then you can't beat the Tories on the head with a Covid bat.
 

Hermann

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Joined
Jun 5, 2005
Messages
6,342
It only affected countries that were badly exposed. Australia, and several other countries that hadn't put all their chips on the casino banking sector, were largely unaffected.

If you stick with the view that it was wholly a world crisis that the UK got caught up in and was nothing to do with anything that Labour had done in their preceding 11 years in power, then you can't beat the Tories on the head with a Covid bat.
The reverse is also true of course.
 

Oldsmobile-88

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Feb 11, 2005
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26,948
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In RaWZ we trust....Amen.
Unite leader Len Mcluskey put his foot in it again on Newsnight last night 😁

I would image the Labour leadership are counting the days down to his retirement.
 

angelic upstart

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Joined
Jul 8, 2004
Messages
27,489
It only affected countries that were badly exposed. Australia, and several other countries that hadn't put all their chips on the casino banking sector, were largely unaffected.

If you stick with the view that it was simply a world crisis that the UK got caught up in and was nothing to do with anything that Labour had done in their preceding 11 years in power, then you can't beat the Tories on the head with a Covid bat.
Yeah, it’s not like the financial sector is 50% of London’s economic output or anything.
 
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