IanMcL wrote:That was the world economic disaster caused by usa.
Labour managed better than any rmtories, ever, until that external calamity, made worse by uk bank incompetence.
Are you better or worse off these last 10 years?
Are your public services better or worse?
Ian, you can not look at the last 10 years in isolation, you have to look at what was the route cause of the problem and understand the why, then look at the mitigations to the cause.
The route cause was people buying houses they could not afford, but they were allowed to by numerous institutions, well known banks and mortgage companies, people were greedy and grabbed for something they could not afford after a short time, it was in reality nothing more than a pyramid scheme on a world scale, perpetuated by well known names in the financial industry. The USA alone did not cause this, they were not driving the BoS and other UK financial institutes, the UK was somewhat late getting on the pyramid scheme and suffered more but a lot of well known financial institutes went to the wall, housing markets collapsed, stock markets nose dived etc. etc. but let's not blame the USA for all the ills of the world and the UK in particular. People caused it because they thought they would get something from it, just like you think the Billions being dangled by the Labour Party will provide you with more, and it may well in the long term, but you will pay for it one way or another.
It was not caused by Tories, nor by the Labour Gov. of the day yet it happened on there watch, no one else's, the last 10 years has been the whole country and much of the world paying for that scam, in the UK called austerity, something introduced that was very much needed, it's been painful for many. However when just starting to come out of this and getting to the point of losing the purse strings you and many others can see a whole chunk of money and you want it for no real thought of the consequences for the future and the next generation.
Almost certain to put us back in to another round of austerity to pay for all this when the Labour government are replaced if they ever get in to power, something I doubt but I worry about people like you and JC as he sells his pyramid scheme to you and millions.