I agree. But the UK entered the recession already managing a deficit. Whatever way you spin it to me, I'll consider that a critical flaw in Labour's management of the economy.
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The Conservative Party
- Thread starter dave_blue12
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I agree. But the UK entered the recession already managing a deficit. Whatever way you spin it to me, I'll consider that a critical flaw in Labour's management of the economy.
urban genie
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I know, they were expecting boom years to continue forever. They were naive.
The only naivity was that they threw a lot of eggs in the financial service sector to be our main source to guide the ecomony and so allowed it slack regulations, the crash hit us badly as our industry and infrastructure were either not major or already sold off.
It is also why brexit happened amongst other things, a concentration on the city of London instead of spreading the wealth left a legacy austerity then compounded.
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aguero93:20
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A very sudden recession. Did they break Keynesian economic methods? Yes. Was there any real forewarning that could have caused them to act differently? No. If anyone should be blamed for the Subprime crisis, blame the ratings agencies for keeping the problem hidden long enough for it to explode and blame the US Congress for letting the deadline to bail out Sachs and Mae pass while they bickered and point-scored, kicking off the domino effect that travelled across the world.I agree. But the UK entered the recession already managing a deficit. Whatever way you spin it to me, I'll consider that a critical flaw in Labour's management of the economy.
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It would make sense for me to change my diesel car for a hybrid because I no longer do enough miles for it to be worth it in fuel economy and I'd like to be greener. But it doesn't make sense for me to break the bank to do it right now.
Then the turbo went on your car, and wrecked your plan. You didn't see that coming, did you?
Then the turbo went on your car, and wrecked your plan. You didn't see that coming, did you?
No, I did. I've been saving a sensible amount and I have that nest egg because I didn't blow it on a new car.
I'm giving up the analogy because "breaking the bank" while "having a nest egg" sounds a bit unicorny.No, I did. I've been saving a sensible amount and I have that nest egg because I didn't blow it on a new car.
bluethrunthru
Well-Known Member
No, I did. I've been saving a sensible amount and I have that nest egg because I didn't blow it on a new car.
don't blame you - buy a banger mate - buy right and you are quids in. I have had nearly 19 months and 40k miles out of two old cars for a net cost of £1900 not including fuel and servicing. I am currently wringing the last life out of an ageing Renault. Far more cost effective and far better for the environment than buying a new car as more than 50% of the greenhouse gasses a car will produce come from its actual construction. We owe it to the environment to extract everything we can out of cars that have already been made and have therefore already laid down the vast majority of their carbon footprint.
Machiavelli
Well-Known Member
Now look at you, a moderator on Bluemoon.Im a kid from Salford who had fuck all too.... the odds werent in my favour,but ive done great because I chose to.
You are the master of your own destiny,you can choose to whinge about being hard done to or you can get out there and make something of yourself.
Bpughh
Well-Known Member
Abu Dhabi pays for that too. Don’t hate the player... congrats on your latest contract, fantasy.Now look at you, a moderator on Bluemoon.
But not a critical flaw in the Tories' current management of the economy, engineering a recession?I agree. But the UK entered the recession already managing a deficit. Whatever way you spin it to me, I'll consider that a critical flaw in Labour's management of the economy.