Welcome to Live View – Take the tour to learn more
Start Tour
There is currently 1 person viewing this thread.
Make a statement ,next few minutes on his departure from NO10 today , God bless you for everything you have one for humanity . A very good man .
Show More
Took a mess over and did his best ...........fair play to the bloke
salsabil5 11 May 10 19:18
Good riddance to rubbish
And is that it ??
No reasoning behind your comment
Good riddance to rubbish
And is that it ??
No reasoning behind your comment
Well his selections are a bit obvious and his interviews are hardly probing but I'll miss him from Attheraces.
The worst pm this country has ever had ( betting without thatcher) obnoxious two faced lier whose policies have brought this country to its knees..there...will that do?
What a dignified speech , there was a lot of emotion in his voice and he nearly cried . The guy did the job for the love of people not the money . I bet he will not be going on the curcuit making millions from speaking .A really nice guy and family .
A decent man who only ever had the best intentions for the country and the have nots.
Tried to cling on to power...desperate desperate man...clear off back to sweaty land Brown
Gave this country a decade of economic prosperity and unlike most politicians, was only ever in the job for the right reasons.
Salsabil5, you don't deserve to use that name, imo...
Salsabil5, you don't deserve to use that name, imo...
I hope Nick's back stabbing comes to haunt him ,the guy is a snake in the grass .
Also helped to build up a huge public sector which is going to bleed us dry - how many steps are we behind the Greeks,
Some sour labour supporters on this thread...lets all hope d/c can get the country out of this mess that is, undoubtably Browns legacy
def better than any of the tory cess pits.....good luck gordon
spend and create opportunities for all, or close everything down and only allow the select few who fund the party thrive?
sad day
sad day
Salsa , Those 2 clowns will get this country into a fire sale of this countries assets . Who is going to be Chancellor coco the clown Osbourne or the distinguished Vince Cable ,no contest in my opinion .
tbh this is probably the best result for Labour this bunch of duplicitous turds will tear each other to peices over Europe and the economy, i give em 2 years tops
Lets give them a chance..im no great lover of the blues but honestly...Brown was out of his depth .
Good man Brown. After all the talk from Cameron and Clegg, lets see what they can do now.
"Tried to cling on to power...desperate desperate man...clear off back to sweaty land Brown"
Why comment on something you obviously know nothing about. idiot.
Why comment on something you obviously know nothing about. idiot.
Robin ,most people read the sun and just quote what they read without understanding the facts . That paper should hang its head in SHAME , after the most disgraceful front page I have read in print "A squatter at No10 ".
younger but not as rich dodgy but surely no one can argue they are the most biased organisation full of labour luvvies,all we have had for 2 days is mandleson and campbell,wtf they have to do with anything is beyond me.
All Etonian's should be very happy now ,they have managed to get a man into No10 ,by hook or by crook .
Watch the tories start Taxing gamboling profits .
Watch the tories start Taxing gamboling profits .
there will be cheers in the S and M clubs tonight thats for sure
out of interest, what was the "mess" that brown took over?
and how does it compare to cameron's inheritance?
and how does it compare to cameron's inheritance?
each to their own i suppose, the BBC is far from perfect but i personally prefer the BBC as it stands to the ruthless self interest of news corp, it was the deal mandy did with them that got labour into power in the first place,
Erm..Conservatives did actually WIN the election ( IN CASE YOU HADNT NOTICED)
dgc..he caused the mess by and large...he didnt
inherit it
inherit it
exactly - as chancellor he certainly didn't inherit a 12% deficit
i doubt many on here know what that actually means
it means the govt is borrowing £3,000 a year in each of our names just to keep things going, a current total of around £30,000 each is owed
i doubt many on here know what that actually means
it means the govt is borrowing £3,000 a year in each of our names just to keep things going, a current total of around £30,000 each is owed
for those of us with four sitting around the dinner table it's a total of £120,000
more than most mortgages
more than most mortgages
dgc1 most of that was to bail out the banks and if you think that wouldnt have happened under the tories u are wrong imo
Sky , is so slanted in their opinion ,good old Alister Cambell nearly put out the lights of that Adam
Boulton.
Boulton.
dgc1
read John Lanchester's 'whoops'
I cant be arsed arguing but it spells out exactly where finance fooked up and most of it was down to the tories and it was written impartially and factually
read John Lanchester's 'whoops'
I cant be arsed arguing but it spells out exactly where finance fooked up and most of it was down to the tories and it was written impartially and factually
that's simply not true - we are talking about what is happening right now. there is no money going to the banks as we speak but the deficit is still 12%
brown was caught up in a credit boom to end credit booms, and he adjusted public spending accordingly. when the boom inevitably busted spending stayed where it was (and rose slightly) but the tax take BOMBED
he set up the FSA framework under which the banks operated. he allowed them to run up more than 30x leverage.
that is why we are where we are
brown was caught up in a credit boom to end credit booms, and he adjusted public spending accordingly. when the boom inevitably busted spending stayed where it was (and rose slightly) but the tax take BOMBED
he set up the FSA framework under which the banks operated. he allowed them to run up more than 30x leverage.
that is why we are where we are
Cameron 8.26 becomes new Prime Minister . His mum is very proud now .
scrapped the 9% betting tax.top man.
And bent over backwards and sideways to let the high street books run FOBT land..
And bent over backwards and sideways to let the high street books run FOBT land..
Tutan...you appear very bitter..try to accept your man is history
Labour have run this country into the ground. Don't ever think of voting for them again!
In 1997 Labour inherited a budget that was actually in balance. After a turbulent decade, the public finances had finally been brought under control. But after four years in office Gordon Brown took out the country's credit card and let rip. By the end of 2009-10 our annual deficit had ballooned to £170.8 billion.
On average, the bonds that make up our national debt need to be repaid within 15 years. With government spending so far out of control, interest on the national debt will cost over £42 billion this year. Currently we can only afford to make repayments by selling even more gilts. When run on this basis, government deficit financing is similar to an illegal Ponzi scheme.
In 1997 Labour inherited a budget that was actually in balance. After a turbulent decade, the public finances had finally been brought under control. But after four years in office Gordon Brown took out the country's credit card and let rip. By the end of 2009-10 our annual deficit had ballooned to £170.8 billion.
On average, the bonds that make up our national debt need to be repaid within 15 years. With government spending so far out of control, interest on the national debt will cost over £42 billion this year. Currently we can only afford to make repayments by selling even more gilts. When run on this basis, government deficit financing is similar to an illegal Ponzi scheme.
Robin ,most people read the sun and just quote what they read without understanding the facts . That paper should hang its head in SHAME , after the most disgraceful front page I have read in print "A squatter at No10 ".Devil
well said
well said
At the very time tax revenues are declining and a debt crisis is ravaging the global economy, our politicians have chosen to go on an unprecedented spending splurge. To fund it, the Government borrowed a monumental £170.8 billion last year. If all goes well, we're set to borrow another £167.9 billion this year.
This kind of deficit is far greater than during the recessions of the 80s and early 90s and even higher than when Britain went cap in hand to the IMF in 1976. This isn't money saved for a rainy day. Because we continued to rack up debt in the good years, this latest spending spree is fueled by one big borrowing binge.
This kind of deficit is far greater than during the recessions of the 80s and early 90s and even higher than when Britain went cap in hand to the IMF in 1976. This isn't money saved for a rainy day. Because we continued to rack up debt in the good years, this latest spending spree is fueled by one big borrowing binge.
clegg's a closet tory
they'll lose plenty of seats over this.
the grass roots of the liberals are seething
they'll lose plenty of seats over this.
the grass roots of the liberals are seething
The consequences of national debt
The British Government has been on a decade-long borrowing binge. High on debt and intoxicated by power, it's not showing any signs of stopping. There is now a long-term structural imbalance between what the government spends and how much money it raises in tax. This policy of never-ending budget deficit is unsustainable. Even if the excesses don't get any worse, we're all in for a massive hangover.
Higher taxes and spending cuts
On average, British government bonds pay interest for 15 years. The more we borrow, the bigger our interest payments get. Last year national debt interest cost the taxpayer £27.2 billion. In 2010-11 that figure soars to a jaw-dropping £42.9 billion. The more we spend on interest, the less we have to pay down debt or invest for the future. That interest is dead money, which means higher taxes for years to come.
Stifling of business
Government borrowing increases the total demand for credit in the economy, driving up the cost of borrowing in the process. Higher borrowing costs make it more expensive to finance investment in equipment, stock and other capital goods in the private sector. This harms the ability of the private sector to create the wealth and jobs needed to get us out of recession.
To make matters worse, the government needs to sell its bonds at attractive interest rates to entice investors away from alternatives. This is known as the 'crowding out' of private capital and means even less investment in business and real jobs.
High interest rates
The Government relies on investors continuing to buy UK gilts to fund its spending habit. If the bond market gets nervous about our excessive borrowing and the demand for gilts falls, their price also declines as a result. Because they now cost less to buy, gilt yields start to rise. This means we pay more in interest for every penny we borrow, suffocating our deeply unhealthy economy even further. Everything from trade finance to mortgage payments would get more expensive.
Currency collapse
Many of our biggest customers are pension funds and foreign central banks that only invest in the safest 'Triple-A' bonds. For the time-being Britain retains its AAA status, meaning the major rating agencies believe we're still a good bet. But if we lose their seal of approval and the big investors that come with it, the consequences for our country could be devastating.
If the market for gilts weakens, we can always print money to buy our own bonds, which is what the Bank of England is already doing with its so-called Quantitative Easing programme. This gradual debauching of sterling raises the spectre of high inflation once the economy begins to recover. If investors see their holdings devalued they'll be reluctant to buy gilts and may even start to sell, sending interest rates spiraling upwards.
If we fail to get a grip on spending at that point and print even more money to cover the shortfall in gilt sales, extreme inflation and a potentially fatal sterling crisis would ensue.
On the other hand, we may find ourselves in trouble much more quickly. If a gilt auction fails Britain would be plunged into a full-blown economic crisis. Overnight, we would be forced to make savage spending cuts to balance our budget, sterling would plummet and we'd need an IMF bailout to stave off complete bankruptcy. Economic and social breakdown could conceivably follow.
The British Government has been on a decade-long borrowing binge. High on debt and intoxicated by power, it's not showing any signs of stopping. There is now a long-term structural imbalance between what the government spends and how much money it raises in tax. This policy of never-ending budget deficit is unsustainable. Even if the excesses don't get any worse, we're all in for a massive hangover.
Higher taxes and spending cuts
On average, British government bonds pay interest for 15 years. The more we borrow, the bigger our interest payments get. Last year national debt interest cost the taxpayer £27.2 billion. In 2010-11 that figure soars to a jaw-dropping £42.9 billion. The more we spend on interest, the less we have to pay down debt or invest for the future. That interest is dead money, which means higher taxes for years to come.
Stifling of business
Government borrowing increases the total demand for credit in the economy, driving up the cost of borrowing in the process. Higher borrowing costs make it more expensive to finance investment in equipment, stock and other capital goods in the private sector. This harms the ability of the private sector to create the wealth and jobs needed to get us out of recession.
To make matters worse, the government needs to sell its bonds at attractive interest rates to entice investors away from alternatives. This is known as the 'crowding out' of private capital and means even less investment in business and real jobs.
High interest rates
The Government relies on investors continuing to buy UK gilts to fund its spending habit. If the bond market gets nervous about our excessive borrowing and the demand for gilts falls, their price also declines as a result. Because they now cost less to buy, gilt yields start to rise. This means we pay more in interest for every penny we borrow, suffocating our deeply unhealthy economy even further. Everything from trade finance to mortgage payments would get more expensive.
Currency collapse
Many of our biggest customers are pension funds and foreign central banks that only invest in the safest 'Triple-A' bonds. For the time-being Britain retains its AAA status, meaning the major rating agencies believe we're still a good bet. But if we lose their seal of approval and the big investors that come with it, the consequences for our country could be devastating.
If the market for gilts weakens, we can always print money to buy our own bonds, which is what the Bank of England is already doing with its so-called Quantitative Easing programme. This gradual debauching of sterling raises the spectre of high inflation once the economy begins to recover. If investors see their holdings devalued they'll be reluctant to buy gilts and may even start to sell, sending interest rates spiraling upwards.
If we fail to get a grip on spending at that point and print even more money to cover the shortfall in gilt sales, extreme inflation and a potentially fatal sterling crisis would ensue.
On the other hand, we may find ourselves in trouble much more quickly. If a gilt auction fails Britain would be plunged into a full-blown economic crisis. Overnight, we would be forced to make savage spending cuts to balance our budget, sterling would plummet and we'd need an IMF bailout to stave off complete bankruptcy. Economic and social breakdown could conceivably follow.
Your share of the bill
* We owe £14,599 for every man, woman and child
* That's more than £31,520 for every person in employment
* Every household will pay £1,897 this year, just to cover the interest
* We owe £14,599 for every man, woman and child
* That's more than £31,520 for every person in employment
* Every household will pay £1,897 this year, just to cover the interest
imo tories will never be happy until the middle to lower classes lose their houses instead of the state borrowing to spend
The laughable scenario of these 2 , Bill and Ben i.e Nick and David is fire and water.
1- con want to keep sterling ,ldm want the euro.
2-con want to make immigration tough,ldm wants an amnesty.
3-con want to keep tax everything that moves ,ldm wants to give first 10,000 free of tax
I can list 100 differences
Someone ,please list something they agree on .
1- con want to keep sterling ,ldm want the euro.
2-con want to make immigration tough,ldm wants an amnesty.
3-con want to keep tax everything that moves ,ldm wants to give first 10,000 free of tax
I can list 100 differences
Someone ,please list something they agree on .
The idea of having to listen to that pompous tawt Cameron for the next 5 years makes me ill. Reminds me of John Major - now he WAS the worst PM ever
times like this one misses Spitting Image
If david steel was shown as a puppet in the pocket then, what would clegg look like now?
If david steel was shown as a puppet in the pocket then, what would clegg look like now?
Westrat....did you enjoy the gurner then?...Brown was an embarassment...worse than harry redknapp
Dont know what u mean by gurner salsabil but when I see Cameron I see a total lack of sincerity
President Obama will be ring Cameron next 30 minutes ,wonder what he will say ,I know .
Rejoice all you rich homeowners, Cameron will be raising the Inheritance Allowance to 1 million (315k at the moment), in these hard times ,one of his main manifesto's .
Rejoice all you tax exiles , who use the domicile rule to avoid uk tax ,Brown was going to plug that loop hole .
Rejoice all you bankers ,keep paying yourself those high bonuses.
At least someone is happy with Cameron in power .
We will regroup, watch these guys cut their throats and just move in where we belong .
Rejoice all you tax exiles , who use the domicile rule to avoid uk tax ,Brown was going to plug that loop hole .
Rejoice all you bankers ,keep paying yourself those high bonuses.
At least someone is happy with Cameron in power .
We will regroup, watch these guys cut their throats and just move in where we belong .
already talk that the IHT has gone for a burton...walofs, they gunna blame Lib Dems for it not being possible
Maybe now the child support agency might be run properly and not drive dads expected to pay 60% of they're hard earned out to an establishment that don't know it's a**e from it's elbow!
Post Your Reply
Please login to post a reply.
Wonder
Instance ID: 13539