If you take out the massive boom and the following bust, then we have had very gentle growth this decade. You can hardly blame Osbourne for the point at which he started. Labour got us to an unsustainable peak, and although they wiped a lot off in one quarter (near 7%) there was still a bit to go.
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How Britain avoided double dipping
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Originally posted by bobspud View PostWorks both ways though. I am in the process of buying an SL mercedes. (2nd one I will have owned but first one from new) the first one was an SL320 it cost its first owner over £80k in 2000 I bought it in 2004 for 22k My new one will be an SL350 and will cost me £77k and in four years will be worth 22k ... If the way you are thinking was true I would have to spend 100k to have achieved the same thing. So why if I am buying a foreign car in a devalued currency (and one that is considerably weaker against the Euro than it was in 2000) but getting more for my money instead of less?"A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices," George OrwellComment
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Originally posted by Paddy View PostCars are not commodities. Compare income with the cost of fuel, food, gas and water.Comment
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Originally posted by bobspud View PostWorks both ways though. I am in the process of buying an SL mercedes. (2nd one I will have owned but first one from new) the first one was an SL320 it cost its first owner over £80k in 2000 I bought it in 2004 for 22k My new one will be an SL350 and will cost me £77k and in four years will be worth 22k ... If the way you are thinking was true I would have to spend 100k to have achieved the same thing. So why if I am buying a foreign car in a devalued currency (and one that is considerably weaker against the Euro than it was in 2000) but getting more for my money instead of less?
Although I must admit, any decent contractor still wouldn’t. But then any decent contractor never went to 450.Comment
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Originally posted by bobspud View PostWorks both ways though. I am in the process of buying an SL mercedes. (2nd one I will have owned but first one from new) the first one was an SL320 it cost its first owner over £80k in 2000 I bought it in 2004 for 22k My new one will be an SL350 and will cost me £77k and in four years will be worth 22k ... If the way you are thinking was true I would have to spend 100k to have achieved the same thing. So why if I am buying a foreign car in a devalued currency (and one that is considerably weaker against the Euro than it was in 2000) but getting more for my money instead of less?Comment
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Originally posted by GB9 View PostYou can hardly blame Osbourne for the point at which he started.
LibCons are just following more or less same policy as the Labour did which has got only one real aspect - print money to avoid bursting of the consumer real estate bubble.
Ok, he cut 50% income tax to 45%, but it's not like many people paid 50% in the first place.Comment
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Originally posted by bobspud View PostIt's not economics or printing money that caused fuel to sky rocket.Comment
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