Oh Dear: 750,000 more to bought into 40% tax threshold...

[Alf W]

The financial black hole was caused by bankers f**king up the global economy. It was no more caused by New Labour than by the US, Irish, Greek, Portuguese, Spanish, etc etc etc governments.

Sure there was overspend and inefficiency under New Labour but better that than the Tories using the money to allow big businesses to avoid tax and shaft their workforces in return for bribes to fund the party.

[AtW]

The financial black hole was caused by bankers f**king up the global economy. It was no more caused by New Labour than by the US, Irish, Greek, Portuguese, Spanish, etc etc etc governments.

It was Nu Liebor who BORROWED a lot of money to finance crazy stuff like PFI and still TAXED a lot making people without disposable income to obtain "cheap" credit - bankers certainly faciliated it but just like under Nazi regime the industrialists made profits and helped the Govt, but ultimately the people who are responsible are those who were in power at the time.

[Alf W]

It was Nu Liebor who BORROWED a lot of money to finance crazy stuff like PFI and still TAXED a lot making people without disposable income to obtain "cheap" credit - bankers certainly faciliated it but just like under Nazi regime the industrialists made profits and helped the Govt, but ultimately the people who are responsible are those who were in power at the time.

Have another go at writing that one. It makes b ugger all sense as it stands.

[Green Mango]

The financial black hole was caused by bankers f**king up the global economy. It was no more caused by New Labour than by the US, Irish, Greek, Portuguese, Spanish, etc etc etc governments.

Sure there was overspend and inefficiency under New Labour but better that than the Tories using the money to allow big businesses to avoid tax and shaft their workforces in return for bribes to fund the party.

Unfortunately we are lumbered with 1 trillion of debt from the deficeit that Labour ran on the normal business of government over the last 7 years. This 1 trillion debt will increase by 149 million this year alone. This debt has nothing to do with the banks.

The bank debt is an extra 1.3 trillion pounds most of which will hopefully being repaid.

Conclusion : f""king Labour wrecked the economy again....

[GreenLabel]

The financial black hole was caused by bankers f**king up the global economy. It was no more caused by New Labour than by the US, Irish, Greek, Portuguese, Spanish, etc etc etc governments.

Arguments about the cause aside for a moment, New Labour did, however, ensure that we were in the worst possible position when the crisis began by creating a massive structural deficit in the good times. Had they the sense to have harnessed the good years and used them to build up a surplus, rather than a tulipload of debt, we wouldn't be in the position we are now.

[Moscow Mule]

The financial black hole was caused by bankers f**king up the global economy.

Bulltulip. This country is in a black hole because of socialist profligacy. Increasing the structural deficit during boom years is a really tulip idea.

[AtW]

Have another go at writing that one. It makes b ugger all sense as it stands.

It is possible my words are not very good, however look at numbers - UKs deficist run by Liebor Govt - I am sure they spoke perfect English though...

[d000hg]

The financial black hole was caused by bankers f**king up the global economy.

No doubt while smoking big fat cigars, wearing top-hats and long curly moustaches.

[OwlHoot]

It's quiet amazing really that people who supposedly represent the poor who HAVE to balance their home finances totally don't get it, yet supposedly rich Tories who can afford to spend more than they earn don't do it to the state finances.

I think I agree with the first half of that, but I'm not sure what the second half means.

What don't rich Tories do to the state finances?

[hyperD]

Sure there was overspend and inefficiency under New Labour but better that than the Tories using the money to allow big businesses to avoid tax and shaft their workforces in return for bribes to fund the party.

Mr Alf W, with the greatest respect sir, but eh? Are you serious?

So what you are saying is this: sure it's OK for a quasi-socialist government to almost bankrupt a country for a second time, but it's better than... blah blah blah ...nasty Tories?

Please tell me you are not of the mindset that supports the red team versus the blue team are you? I thought once we had outgrown our naïve, blinkered student politics and actually earned a living and experienced the reality and processes in life, that we could all see what a charade the whole political establishment, the media and big business were, regardless of the colour team you were supporting?

Reds, blues, yellows, green idiots - they're all the same: more government, more control, more propaganda, more taxes.

If you've not worked that out by now and you are still one of those distracted by the colour of the rosette, then god help you, because quite frankly, life is too short and swift to be getting angry over insignificant partisanship.