Is it the fault of NuLabour or socialism?

[FSM with Cheddar]

PS want to get rid of IR35, then vote liberal.

Hay?

From what I understand, they want to fund tax cuts by closing the loop holes which a minority number of people exploit to avoid paying income tax.

Enforcing IR35

[Foxy Moron]

Full employment is a key assumption in Keynsian economics though, it doesn't work without it, as the disaster of the previous labour government demonstrated in the 70s. This particular lesson from history seems to be being ignored though, which is likely to lead to it being repeated...

It isn't a full return to Keynesian ecconomics. But.. explain how monetarism could have been used to get us out of the banking poo (as Paxman said the other night)?

I don't think we had any choice

[Ruprect]

Keynes' precondition for fiscal stimulus is to run a surplus in the good times as I said earlier.

Erm, yep, wasn't denying that....

[Cyberman]

Keynes said that governments should provide fiscal stimuli, through tax cuts and public spending, to help an economy through the lean times. Governments are now all doing this. Trouble is, the bit that Gordon and his American chums didn’t read was that Keynes also said governments should run a surplus in periods of economic growth to keep some reserves to cover deficits in lean times.

I never learnt about Keynes but all of the above is just pure economic common sense to me. My view is that the current government just let their strive for votes outweigh commonsense.

[Foxy Moron]

Hay?

From what I understand, they want to fund tax cuts by closing the loop holes which a minority number of people exploit to avoid paying income tax.

Enforcing IR35

That's Labour and the Tories,

Liberals want to scrap it

http://www.bytestart.co.uk/content/c...y-motion.shtml

[Cyberman]

That's Labour and the Tories,

Liberals want to scrap it

http://www.bytestart.co.uk/content/c...y-motion.shtml

The Tories will also scrap it.

[FSM with Cheddar]

That's Labour and the Tories,

Liberals want to scrap it

http://www.bytestart.co.uk/content/c...y-motion.shtml

Fair enough. I stand corrected.

[Ruprect]

It isn't a full return to Keynesian ecconomics. But.. explain how monetarism could have been used to get us out of the banking poo (as Paxman said the other night)?

I don't think we had any choice

Used properly it should have avoided the poo in the first place no?

[FSM with Cheddar]

The Tories will also scrap it.

I would love to believe this. Please provide a linky.

[Foxy Moron]

Used properly it should have avoided the poo in the first place no?

I'd like to think so, but when the likes of John Redwood were asking for further deregulation of the mortgage market, I'd suspect not even with the other lot. Governments are only so powerful in our global economy with complex financial instruments even the bankers don't understand