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Has this financial crisis got a name yet? on 11:45 - Sep 28 by BlueandTruesince82
Is it not the cost of living crisis?
It's a financial crisis that has been going on for years that has been caused by politicians of all sides allowing us as a country to continue living beyond its means. Unfortunately its now coming home to roost!
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Has this financial crisis got a name yet? on 12:03 - Sep 28 with 1188 views
Has this financial crisis got a name yet? on 11:55 - Sep 28 by rgp1
It's a financial crisis that has been going on for years that has been caused by politicians of all sides allowing us as a country to continue living beyond its means. Unfortunately its now coming home to roost!
Politicians of 'all sides', even though the Tories have been in power for 12 years!
The latest iteration have abandoned the idea of cutting the deficit altogether
Alcohol is the answer but I can't remember the question!
Has this financial crisis got a name yet? on 11:55 - Sep 28 by rgp1
It's a financial crisis that has been going on for years that has been caused by politicians of all sides allowing us as a country to continue living beyond its means. Unfortunately its now coming home to roost!
This is possibly the most tenuous and desperate 'but Labour' so far. Quite the achievement, given we've had 'look how bad they are, actually doing something about their racists' and 'It's Labour's fault Kwarteng has f**ked the economy' over the last day or so.
[Post edited 28 Sep 2022 12:24]
I'm one of the people who was blamed for getting Paul Cook sacked. PM for the full post.
Has this financial crisis got a name yet? on 11:55 - Sep 28 by rgp1
It's a financial crisis that has been going on for years that has been caused by politicians of all sides allowing us as a country to continue living beyond its means. Unfortunately its now coming home to roost!
this country's national debt will never, ever be paid. We are still "paying" for WW2. Its almost a book keeping entry as it changes nothing with regards to the day to day running of the country.
Has this financial crisis got a name yet? on 12:12 - Sep 28 by BlueBadger
This is possibly the most tenuous and desperate 'but Labour' so far. Quite the achievement, given we've had 'look how bad they are, actually doing something about their racists' and 'It's Labour's fault Kwarteng has f**ked the economy' over the last day or so.
[Post edited 28 Sep 2022 12:24]
Badger I wasn't aware I said ' but labour' in my reply clearly you must have it on the brain.
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Has this financial crisis got a name yet? on 12:34 - Sep 28 with 1086 views
Has this financial crisis got a name yet? on 11:55 - Sep 28 by rgp1
It's a financial crisis that has been going on for years that has been caused by politicians of all sides allowing us as a country to continue living beyond its means. Unfortunately its now coming home to roost!
You are Lord Ashcroft and I claim my 5 pounds (actually I’ll take it in dollars please)
A currency trader has just told me that a driver to sell sterling was not just the mini-budget but a concern that Labour could form the next Government…
Has this financial crisis got a name yet? on 12:17 - Sep 28 by ArnieM
this country's national debt will never, ever be paid. We are still "paying" for WW2. Its almost a book keeping entry as it changes nothing with regards to the day to day running of the country.
'During World War II the government was again forced to borrow heavily in order to finance war with the Axis powers. By the end of the conflict Britain's debt exceeded 200 percent of GDP, as it had done after the end of the Napoleonic Wars.[5] As during World War I, the US again provided the major source of funds, this time via low-interest loans and also through the Lend Lease Act. Even at the end of the war Britain needed American financial assistance, and in 1945 Britain took a loan for $586 million (about £145 million at 1945 exchange rates), and in addition a further $3.7 billion line of credit (about £930m at 1945 exchange rates). The debt was to be paid off in 50 annual repayments commencing in 1950. Some of these loans were only paid off in the early 21st century. On 31 December 2006, Britain made a final payment of about $83m (£45.5m) and thereby discharged the last of its war loans from the US.'
So the current debt is all down to the governments that have been in power since 2006, i.e. 25% Labour, 74% Conservative, 1% Liberal Democrat...
'During World War II the government was again forced to borrow heavily in order to finance war with the Axis powers. By the end of the conflict Britain's debt exceeded 200 percent of GDP, as it had done after the end of the Napoleonic Wars.[5] As during World War I, the US again provided the major source of funds, this time via low-interest loans and also through the Lend Lease Act. Even at the end of the war Britain needed American financial assistance, and in 1945 Britain took a loan for $586 million (about £145 million at 1945 exchange rates), and in addition a further $3.7 billion line of credit (about £930m at 1945 exchange rates). The debt was to be paid off in 50 annual repayments commencing in 1950. Some of these loans were only paid off in the early 21st century. On 31 December 2006, Britain made a final payment of about $83m (£45.5m) and thereby discharged the last of its war loans from the US.'
So the current debt is all down to the governments that have been in power since 2006, i.e. 25% Labour, 74% Conservative, 1% Liberal Democrat...
Thank you I rest my case.
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Has this financial crisis got a name yet? on 12:45 - Sep 28 with 1008 views
Has this financial crisis got a name yet? on 11:55 - Sep 28 by rgp1
It's a financial crisis that has been going on for years that has been caused by politicians of all sides allowing us as a country to continue living beyond its means. Unfortunately its now coming home to roost!
And in 12 years under Tory leadership, things have improved by how much?
Ade Akinbiyi couldn't hit a cows arse with a banjo...
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