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Come the general election, I currently intend to vote..

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    #61
    POSTSCRIPT

    It is really quite amusing that the best Chancellors for the economy over the past fifty years turn out to have been Jim Callaghan, Denis Healey and Norman Lamont.

    Their hands were all forced though.

    Comment


      #62
      Don't take a conservative win as in the bag, the liberals can take some votes, but also UKIP, they can drain tory votes and let labour hold on to seats they should lose.

      I suppose the other side maybe balanced by BNP votes taking votes from labour - it will be an interesting night.
      "The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance." Cicero

      Comment


        #63
        Originally posted by Gonzo View Post
        I agree whole-heartedly with that.
        Sadly this is too simplistic, the Tories have a long a track-record of screwing up the economy with inflationary booms.



        The 1964-1970 Labour government got the country out of that mess, eventually, using the tried-and-trusted devaluation technique.

        Anthony Barber (Conservative) stoked up an inflationary boom in 1972-1973, granted there were external factors at play and neither party comes out of the 1970s showered in glory, but ...

        Nigel Lawson (Conservative) stoked up an inflationary boom in 1988-1990 which again took a currency devaluation to sort out (leaving the ERM).

        The current Labour government started quite well, establishing its' economic credibility by making the BofE independent (unfortunately the inflation measure targeted does not include asset prices which has caused an inflationary boom in another way), sticking to Conservative spending plans and establishing the "Golden Rule".

        Sadly we now know that that golden rule was a sham that Gordon only got away with it because the economy was booming and "prudence" was a lie.

        So don't I think that the "Tories = good with money, Labour = bad with money" assertion holds true. It's all luck rather than judgement.

        I won't be voting though because its not really any of my business any longer.
        I am sorry to disagree with, but the last Tories came to power to save Britain from bankcruptcy and in so doing created an economy in which you personally have done incredibly well. Then in 1997 labour took over a perfectly healthy economy and is again about to leave in tatters. it may be that Tories took us through boom and bust cycles but these are nothing compared with the total disasters that they have left in their wake over the last 40 years.
        Let us not forget EU open doors immigration benefits IT contractors more than anyone

        Comment


          #64
          Originally posted by Gonzo View Post
          POSTSCRIPT

          It is really quite amusing that the best Chancellors for the economy over the past fifty years turn out to have been Jim Callaghan, Denis Healey and Norman Lamont.

          Their hands were all forced though.
          who on earth said they were the best?
          Let us not forget EU open doors immigration benefits IT contractors more than anyone

          Comment


            #65
            Originally posted by DodgyAgent View Post
            I am sorry to disagree with, but the last Tories came to power to save Britain from bankcruptcy and in so doing created an economy in which you personally have done incredibly well. Then in 1997 labour took over a perfectly healthy economy and is again about to leave in tatters. it may be that Tories took us through boom and bust cycles but these are nothing compared with the total disasters that they have left in their wake over the last 40 years.
            Now I agree (many don't) that the reforms to the economy during the 1980s were absolutely necessary to form the foundation of the prosperity that has been enjoyed over the following twenty years, it was good-fortune that meant we had a Prime Minister who had the balls () to be as unpopular as she was while the country went through it.

            If she hadn't won the Falklands War in 1982 she would have been out of office in 1983.

            I don't think it is a given that you will automatically get that attitude with a Conservative government if you look over the longer term and if you do look over the longer term their economic record is not so good.

            Comment


              #66
              Originally posted by DodgyAgent View Post
              who on earth said they were the best?
              Jim Callaghan - devalued the pound in 1967 in what was then a fixed exchange rate mechanism. He didn't want to do it, he took three years trying to avoid doing it, but when he did the economy was able to prosper again after the mistakes of the previous Conservative government.

              Denis Healey - started to introduce restraint in government spending. He didn't want to do it, it was forced on him by the IMF as a condition of the 1977 loan but he started to bring down government spending.

              Norman Lamont - took the UK out of the ERM allowing the pound to devalue. Again, this was forced upon him but this allowed the economy to grow again after the last nightmare of a recession.



              You can't keep on devaluing your currency to get you out of the tulip although the current lot are attempting it with their QE.

              Comment


                #67
                The final results of the poll show:
                1. Tories 54%
                2. Others 19%
                3. Andyw option 10%
                4. Labour 10%
                5. Lib Dems 7%

                Three questions:
                1. If this were the popular vote at the election, how would it reflect in the numbers in the Commons?
                2. Would 'Others' form Her Majesty's Official Opposition?
                3. How many seats would the Andyw option get and would it be worth Others wooing him to join an opposition alliance?

                Comment


                  #68
                  Originally posted by Doggy Styles View Post
                  The final results of the poll show:
                  1. Tories 54%
                  2. Others 19%
                  3. Andyw option 10%
                  4. Labour 10%
                  5. Lib Dems 7%

                  Three questions:
                  1. If this were the popular vote at the election, how would it reflect in the numbers in the Commons?
                  2. Would 'Others' form Her Majesty's Official Opposition?
                  3. How many seats would the Andyw option get and would it be worth Others wooing him to join an opposition alliance?
                  I see it that the poll was flawed (my fault) in that I should have split others up into Independants, Green etc. which (and I'm truly speculating here) that people have voted for as the they intend to vote but not for any of the other 3. The AndyW vote (again pure speculation) would either signify a spoiled vote or an intention not to vote.
                  The proud owner of 125 Xeno Geek Points

                  Comment


                    #69
                    Originally posted by chef View Post
                    I see it that the poll was flawed (my fault) in that people were allowed to vote Labour bla bla bla
                    ftfy
                    And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014

                    Comment


                      #70
                      Originally posted by chef View Post
                      I see it that the poll was flawed (my fault) in that I should have split others up into Independants, Green etc. which (and I'm truly speculating here) that people have voted for as the they intend to vote but not for any of the other 3. The AndyW vote (again pure speculation) would either signify a spoiled vote or an intention not to vote.
                      I hear what you are saying, but I prefer your options to anything I might find on a ballot paper.

                      Is andyW old enough to be Prime Minister?

                      Comment

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