Whitewave: I was referring to the change in bank regulation that Gordon Brown introduced, creating a new regulatory body for the financial sector outside the Bank of England. It was ineffective and probably made dealing with crisis more complicated. I agree that UK regulators were not the only ones who proved ineffective but Gordon Brown did not have direct influence over them. He did have responsibility for those in the UK.
I agree that the financial sector carries most responsibility for the Credit Crunch but regulators were not blameless. They proved ineffective and they were the responsibility of government.
I don't think I argued whether spending was too high or too low, just that your figures needed to be put into perspective. What happened after 2008 was influenced more by what happened in 2008 than the people who were in power.
Over the years, I have found it difficult to support any party wholeheartedly. Conservatives argue they are they low tax party and are attacked for not taxing high earners enough. Both sides, for their own different reasons, keep quiet about Conservatives imposing an effective 60% marginal rate of tax on earners in the £100-£122k band where the Personal Allowance is withdrawn. One side argues that they are controlling public spending when it is rising sharply and the other attacks it for austerity.
Personally, I am not wedded to the idea of low tax. I am wedded to the idea of more effective use of tax payers money and less, rather than more Government. Politicians all promise more than they can deliver. I feel I have to vote but I am more a politico-sceptic than committed to a Party. Having said that, I would find it impossible to vote for a party led Jeremy Corbyn, Tim Farron or Mr Nuttall in June.