The greatest threat to our economy in the short term is a hard Brexit. It will create a mountain of debt and yet it hasn't been costed by the Conservatives at all.
Poll: Poll: Prime Minister Theresa May calls General Election on June 8th
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The greatest threat to our economy in the short term is a hard Brexit. It will create a mountain of debt and yet it hasn't been costed by the Conservatives at all.
Caporegime
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Yep, let's see some estimates/costings on what a hard Brexit will do to this country by the current Tory government
Lol good one.
Caporegime
This is a false narrative. The Tories have severely depressed economic growth through their cuts. Even Osborne was forced to reduce the severity of cuts to about the level proposed by Darling (although far less competently balanced than that Labour proposed) in 2012.
Historically debt is successfully dealt with by growth and by inflation. By pursuing contractionary policy in the face of the recession, the Tories have made our debt problem worse. It is only the excellent immigration levels the UK has enjoyed over the past seven years that has allowed the Tories to claim any measure of success.
Soldato
Debt and deficit are not the same thing. You absolutely cannot cut debt while you have a deficit.
You called out the Tories for doubling the national debt, the only way this could not have happened is reducing the deficit, as the deficit is the rate of growth of debt.
So, again, and remember this time the question and basic maths, are you saying the Tories didn't cut the deficit fast enough? Was it a lack of cuts or a lack of taxation increases?
Soldato
Tories aren't up for a Hard Brexit no matter what they say. Wins votes with the masses as that was what was voted for (you can argue all you like about that one).
Once they win, there will be the inevitable softening.
The Treasury did one of these already and its been dismissed as "project Fear" It wasnt pretty.
I think anyone with half a brain knows this now since 2008
Well, since we vitually *always* run a deficit - only had a surplus 5 times in the last 30 years iirc and most of those were under a Labour Govt - obviously the debt isn't a problem as long as you can service it and then yes, wait for growth and inflation to inflate it away
To be fair we have all only been answering a poster who is specifically talking about debt, not deficit (maybe his half a brain doesn't know the difference)
There is more than one way to skin a cat
I am hanging on to that shred of hope.....but I'm far from certain
As you've identified, there's two ways to cut a deficit: cut spending or raise more money through taxes.
However, raising more through taxes doesn't necessarily mean raising taxes. Growing the economy has the same effect.
The problem with the Conservative's cuts is that they've stunted this country's economic growth, thus making it harder to close the deficit.
Soldato
Current figures as they stand.....
Make of that as you will.
Or just check out the slope of the graph when Labour left office and where we are now
Something massive happened in 2008 though...................................................................
Soldato
oh OK
but you cant pick and choose from - it wasn't Labours fault because of the recession but it was the Tories fault for having an increasing debt due to the deficit
selective memory on this forum
Soldato
Isn't there a school of thought that May wants a larger majority so she can muzzle the hard core in the party who do want a hard brexit?
No, true but then neither of them are great or have a track record on this subject so unfair to say Labour will be worse than Tory or vica versa.
Thats the hope. She could never go soft with a 22 majority but if she gets 100+ the whinging from the hard line kippers in her party will be outvoted so she can go for a soft brexit etc.
Of course she might not and just change her party into UKIP and go full retard hard brexit anyway.
Soldato
I would say yes.
She was a remainer after all. And to be fair, politicians might pretend they run the country but ultimately, business wins. Business pays wages, business brings in the money - the tax guff spouted by Labour and Lib Dem is just that, guff.
Business will want status quo. The EU and UK will want status quo.
We'll have a long, hard fought, strong and stable negotiation which see us agree to immigration "quotas" looking very similar to what we have now. We'll have a customs agreement similar to what we have now.
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It's almost a daily occurrence now...
of course it did... and they'll just pay for all of it with magic beans...
I note you weren't able to point out any of the alleged propaganda you claimed nor explain your own propaganda photo from yesterday
yes i did, here it is again
https://www.thecanary.co/2017/05/13...ay-that-reduces-her-campaign-to-a-sham-image/
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