UK PLC... DOWN THE SH*TTER?!
26 January 2012, 01:13 PM
#31
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Global markets, Leslie. It's just how it is. And just because that doesn't suit you, it doesn't stop it being so. Yes, Labour overspent, but the reality is that even if the Torys had been in power the GLOBAL credit crunch would still have occurred and we'd still be in the shít. This doesn't mean I don't respect the fact that you were in the RAF.
https://www.scoobynet.com/showpost.p...0&postcount=14
https://www.scoobynet.com/showpost.p...0&postcount=14
Proper control of the banks at the time instead of letting them do as thay wanted and sucking up to the people who were fiddling would almost certainly have avoided the global problems which set it all off.
Les
26 January 2012, 01:29 PM
#32
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Yes well your above quote is not relevent to my points above, anyone can see what was meant without any specific knowledge of higher finance.
Proper control of the banks at the time instead of letting them do as thay wanted and sucking up to the people who were fiddling would almost certainly have avoided the global problems which set it all off.
Les
Proper control of the banks at the time instead of letting them do as thay wanted and sucking up to the people who were fiddling would almost certainly have avoided the global problems which set it all off.
Les
Last edited by JTaylor; 26 January 2012 at 01:35 PM.
26 January 2012, 06:56 PM
#33
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NL inherited a (at the time) record deficit from the last Tory gov.
The 'strong economy' handed over was actually the result of a complete economic failure. ERM anyone???
27 January 2012, 02:14 PM
#34
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How would that have looked, Les? Even now, under the Tories, we've fallen out with our first cousins across The Channel because we won't agree to the Tobin Tax because to do so would see our primary sector, finance, foxtrot Oscar elsewhere. HSBC stands for Hongkong and Shanghai Banking Corporation not Happy Savings Boys Club. The global markets, as rancid as they are, rule, not the frontmen in Westminster.
Les
27 January 2012, 02:49 PM
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https://www.scoobynet.com/non-scooby...od-or-bad.html
And my initial thoughts are here:
https://www.scoobynet.com/showpost.p...0&postcount=27
In a nutshell, I agree with Tobin, but it has to be global to work otherwise, as I've stated repeatedly, the financial services sector (upon which we're heavily dependent) will decamp to friendlier shores. Simple as that.
