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Public spending back to the same level as it was before the crash

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    Public spending back to the same level as it was before the crash

    Years of austerity 'have left UK with same level of public spending as it had 10 years ago' says IFS | The Independent

    It found public spending as a share of national income was at a similar level both now and shortly before the financial crash, an event David Cameron and George Osborne claimed Labour overspending left the country ill-prepared for.

    In 2007-08, public spending as a share of GDP was 39 per cent, it peaked in 2009-10 at 45.1 per cent and is forecast to be 39.6 per cent this year, according to the IFS.
    Back to square one.

    I'm alright Jack

    #2
    More austerity is needed. Cutting red tape.

    To keep servicing the debt.....

    Comment


      #3
      So to summarise, the Tories having spent as much New Labour over a decade, have only succeeded in making everyone miserable.
      The economy is about to get a double whammy: Brexit followed by Old Labour, aka Corbyn.
      Make no mistake, those with the means to do so are busy insulating themselves from the shambles that is to come.
      Hard Brexit now!
      #prayfornodeal

      Comment


        #4
        Originally posted by sasguru View Post
        So to summarise, the Tories having spent as much New Labour over a decade, have only succeeded in making everyone miserable set the country on a disastrous course of economic ruin in a vain attempt to repair party divisions, which didn't even work.
        FTFY
        See You Next Tuesday

        Comment


          #5
          No parliamentary majority for tax rises or spending cuts

          Looks like the public debt is about to balloon again.
          I'm alright Jack

          Comment


            #6
            Originally posted by sasguru View Post
            So to summarise, the Tories having spent as much New Labour over a decade, have only succeeded in making everyone miserable.
            The economy is about to get a double whammy: Brexit followed by Old Labour, aka Corbyn.
            Make no mistake, those with the means to do so are busy insulating themselves from the shambles that is to come.
            Corbyn is emphatically not Old Labour. They were out to support the working man. He's old Marxism.
            Blog? What blog...?

            Comment


              #7
              Originally posted by malvolio View Post
              Corbyn is emphatically not Old Labour. They were out to support the working man. He's old Marxism.
              You're quite right. Whatever he is though, he's going to gain power.
              Hard Brexit now!
              #prayfornodeal

              Comment


                #8
                Originally posted by sasguru View Post
                You're quite right. Whatever he is though, he's going to gain power.
                with balanced spending plans, which means, since he is expecting to spend a lot you have to be afraid,

                .....very afraid
                I'm alright Jack

                Comment


                  #9
                  I always believed that Brexit would push the electorate towards a leftwing agenda, so the slogan should have been "Brexit means Corbyn", and I did put this opinion forward last year.

                  Without Brexit Cameron would have been sailing to a massive win at his next election, and Corbyn would have been replaced and remained the loser that he was before the election in June.
                  I'm alright Jack

                  Comment


                    #10
                    Originally posted by BlasterBates View Post
                    I always believed that Brexit would push the electorate towards a leftwing agenda, so the slogan should have been "Brexit means Corbyn".

                    Without Brexit Cameron would have been sailing to a massive win at his next election, and Corbyn would have been replaced and remained the loser that he was before the election in June.
                    If the Tories had a credible potential leader they could cancel Brexit and carry on as if it never had happened. UKIP would become empowered and may even get an MP or 3, but the Tories could then retake the centre ground and stay in power till 2030.

                    If only they had that person.


                    EDIT: I don't want Tories till 2030 I want Brexit cancelled. I'd even vote for Corbyn to get that.
                    See You Next Tuesday

                    Comment

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