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How safe will our economy be in the candidate’s hands?

(37 Posts)
DaisyAnne Mon 25-Jul-22 12:07:24

The shouts of "they are all the same" we are hearing from M0nica and Dempie55 make me worry about them as they are obviously not and only one party is in power.

That view comes over as on the way to paranoia if you truly believe that everyone threatens your well-being in the same way. Are you saying you believe that of a government that has made us poorer and less equal over the last 12 years, and wrecked the economy is the same as one that is putting forward reasoned ideas that, I would guess, the majority, who are not on any extreme, could accept as a way forward. Or is this just a throw away remark because of your political bias?

Whitewavemark2 Mon 25-Jul-22 11:59:29

We then had the chaos of Mays tenure and of course Johnson, who has ended his tenure with the U.K. debt standing at £1.8trn., and growing at £45 per second.

Undoubtedly covid contributed to the problem, but the U.K. has received a double whammy with the Brexit effect which has resulted in a doubling of government borrowing on top of the expense of covid.

That is without all the money spent and wasted - there is a huge list which I am sure everyone can draw up.

The U.K. economy is not and never has been safe in Tories hands - it is a myth, just like so much else that they tell the country.

Dinahmo Mon 25-Jul-22 11:49:41

Given the stupidity of the past and present front bench and the lies some of them told the LP has a very good chance of doing better.

Johnson - we can increase our exports to the EU is we came out of the morass of the legal legislation

Rees-Mogg - there will be no checks in Dover

Grayling - there will be no checks in Dover

Dorries - Liz Truss is going around the country wearing earrings costing £4.50 from Claire's Acessories

DaisyAnne Mon 25-Jul-22 11:49:22

I watched Starmer's speech on Labour's Mission for Economic Growth. What a difference from the oh-so-inadequate Tories.

The biggest issue with Brexit is that it needed all the other countries in the world to change how they all worked for us to succeed. The same is true of Liz Truss's economics. The world didn't change when we chose to leave the EU. I can't think why anyone voting for Truss would believe it would this time. Sunak, as he keeps telling us, believed in the Brexit lie.

(I seem to have to click the time-line back to the beginning to watch the video)

Whitewavemark2 Mon 25-Jul-22 11:47:18

After Major came Cameron, who completely failed to deal with the aftermath of the world banking collapse in a way that protected our institutions and poor.

He introduced a decade of austerity, cutting all services to the bone, whilst cutting taxes which only benefited the wealthy. The working classes, particularly in the North felt the effects throughout this time and the end result was that when a weakened PM caved in to a referendum they voted to withdraw from the EU in the hope that by cutting immigration etc things would get better.

He ended his inglorious term by walking away from the chaos.

M0nica Mon 25-Jul-22 11:41:00

I still do not think any of the parties has the competence to run the economy, especially as we deal with all the downsides of Brexit.

Dempie55 Mon 25-Jul-22 11:39:04

It won't be safe with either of them. The coming winter will really force people to cut back on their spending, once the October fuel bills arrive. The hospitality industry in particular, will be forced to shed thousands of jobs, as pubs and restaurants are closed down. Small businesses are at huge risk too, with rising costs of resources, packaging etc leaving them with no choice but to raise prices. Already I have seen several local traders closing their doors (cafe, artisan bakery, hairdresser, beauty salon, boutique, jeweller, gift shop) I'm no economist, but I know what I am seeing, and it looks like the start of a huge recession just around the corner.

Whitewavemark2 Mon 25-Jul-22 11:38:44

M0nica

The economy will not be safe in any party's hands that I can see.

You cannot at the moment say that with confidence because none of the opposition have provided an economic plan.

Starmer has employed a number of experts who are working within stated parameters to produce an economic policy for the U.K. once this is published then you can say with confidence whether you think it will provide growth etc.

M0nica Mon 25-Jul-22 11:33:00

The economy will not be safe in any party's hands that I can see.

Whitewavemark2 Mon 25-Jul-22 11:31:07

After Thatcher came Major. The country went into recession and inflation was at 10%. Unemployment was at 3 million.

We then had the fiasco of “black Wednesday” and the withdrawal from the ERM.

Major was a one nation Tory, but his handling of the economy was bungling and amateur.

Chewbacca Mon 25-Jul-22 11:27:39

How safe will it be? It won't be safe at all.

Whitewavemark2 Mon 25-Jul-22 11:24:05

Both profess to be Thatcherite - who enforced a strict monetarist policy, which as we know was a disaster for the U.K. economy.

The 1980s were in fact golden years for income for the British government. Firstly from the sale of all our utilities and secondly from the vast income from North Sea oil.

So what happened to the enormous level of income?

Norway was also a recipient of vast oil revenue and the government made the decision to invest every last Penny of the income for the future benefit of Norway. Consequently it is now the most wealthy country in the world or actually second after Luxembourg.

What happened to the UKs vast windfall?

Thatcher wasted every last Penny propping up her failed economic policy. It is a scandal that has been ignored both by the Tories and Tory supporting media. Those benefiting from the sale of our utilities were the wealthy and foreign buyers. We can see the result now as we buy our water from monopolies and our fuel from vast companies who are totally out of control of our government. The ordinary person in the U.K. received absolutely no benefit from Thatcher’s policy whatsoever.

Monetarism does not work.