I mean Labour can't brush it under the carpet with the excuse that it was all down to a global economic crisis when they did nothing to mitigate our exposure to it. It happened on their watch and there were plenty warning about the state of the housing market. Even if it were not for the global economic crisis it was a sell out in terms of Labour ideology to sit by and allow housing to become so unaffordable for so many, turned their back on the working class.
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I mean Labour can't brush it under the carpet with the excuse that it was all down to a global economic crisis when they did nothing to mitigate our exposure to it. It happened on their watch and there were plenty warning about the state of the housing market. Even if it were not for the global economic crisis it was a sell out in terms of Labour ideology to sit by and allow housing to become so unaffordable for so many, turned their back on the working class.
The working class will still foot the bill, just in terms of increased prices or reduced wages, if Labour did manage to extract money by raising tax rates (which is far from certain anyway)
All necessary to counter the state of the economy they inherited from Labour and the austerity has got the deficit down now considerably and I wouldn't want the economy driven into a brick wall again to go back to square one on austerity.
And what did the Tories do in opposition when all this was going on.....that's right, they supported the spending plans and pushed for further banking deregulation than New Labour even went (which was at the heart of the global financial crisis)
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Details and figures to prove your point please.
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Can we just clear something up....we are all footing the bill! Reduced benefits, higher percentage of taxes going to pay off interest or just wage stagnation. The effects are different, but we are all footing the bill!
If she loses six seats? Since when have MPs been able to stand for more than one seat?
Any form of Labour is basically a corrupt communist option. It won't redistribute wealth, it will just over spend what it doesn't have and when it's gone we'll all be back to years more of austerity. The last thing we should be doing with brexit ahead is contemplating kicking businesses in the goolies.
Except lower corporation tax attracts more business here and creates more jobs rather than pushing them abroad.
That's not the point. The point is that you can't just whack another 1% on corporation tax because not all companies have profit margins that scale with numbers of employees. If profit scaled with numbers of employees then it would be easy, but somewhere like Tesco has hundreds of thousands of employees, and margins of 3% or so while businesses with far fewer employees might have margins of 10%. At that point the small business with few employees is subsiding the large business with many employees.
Ok, now you're just being silly
I guess you haven't noticed but the country has run a deficit for over 30 of the last 35 years, and of those surpluses it was 3 Labour years and 2 Tory iirc
The whole country spends what it doesn't have all the time, irrespective of who is in power, but it's macro economics which is nothing like your household budget
That's not a bad thing. Reinvesting money in a business is good, because a business can't "enjoy" profits, it can only use them to pay more taxable wages or dividends, buy more goods or equipment, make more taxable profits, etc.
We've all lived through it, unless your eyes were closed you can't deny Conservatives inherited a country in ruins from Labour.
Tell that to America with it's 35% Corporation Tax rate...there is more to making a country attractive to business than it's headline CT rate
that isn't exactly a great example given all the big US corporations keeping tax offshore until they lower that rate
This crossed my mind when I looked at moving to a water meter. If I switched to a water meter my water bill would go up threefold. This can only mean that the costs of providing clean water to me and taking away dirty water is far higher than what I'm paying. It's my understanding that most people are in a similar position. Yet water companies remain in profitable business... This can only be true if they're being subsidised by the government.
So? That's a different issue to the one thenewoc is talking about, the US is still very attractive for companies to want to go to and do business in
Jesus Christ how much water are you using? Most people lower their bills on meters, not triple them.
No to the first point as that is essentially what redistribution of wealth is and all communism is corrupt in the sense there's a huge disparity between the living condition of those in power vs general public.
Second point is it's not about necessarily not running a deficit but when Labour were in power last they were so bad at managing the finances that the cost of borrowing sky rocketed against their reckless spending. So there's a difference between running a small manageable deficit and one that's out of control.
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