Uncle Spielberg
Well-known member
Not Kosovo Moulescoomb.
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Gordon Brown
- Thread starter Napper
- Start date
Rougvie
Rising Damp
BarrelofFun said:
I dont agree, if you are looking to buy your first property at the age of say 27 and havent got yourself into stupid levels of debt with a bit of savings and a half decent salary then there should be something to suit your budget, even better if there are two of you going into it
Thing is the people who moan the loudest about house prices are normally those with massive debt, failed to do much with their life after uni (when they didnt just 'fall' into a £25,000 job in media), and expect to get a flat in Palmeria Sqaure for £100,000.
acrossthepond
Active member
For my money (boom boom), the ONLY thing that the lab govt can claim credit for is granting the Bank of England independence in terms of the management of the economy through interest rate manipulation.
It is this that has led to the relative stability that the UK has seen, as interest rates are no longer the political tool that they were, and fiscal planning does now at least have some sort of forward planning beyond the election cycle.
For the rest of it, Brown has plundered just about every available piggy bank (pensions, oil, etc) increased indirect taxation on a massive scale and ridden on the back of our late 90's economic prosperity.
We are carrying far more debt than is immediately apparent as much of it is "off balance sheet" and we are beholden to the spending habits of our increasingly personally indebted population.
The most frustrating thing is that when elected in '97 (and yes, I voted for them) they had a clear three term mandate, and they have wasted it. Rather than taking action to address the structural problems with our economy and society, they have adopted the same old approach of gearing policy in the short term.
What a waste. And sooner or later it's going to bite the UK in the arse.
It is this that has led to the relative stability that the UK has seen, as interest rates are no longer the political tool that they were, and fiscal planning does now at least have some sort of forward planning beyond the election cycle.
For the rest of it, Brown has plundered just about every available piggy bank (pensions, oil, etc) increased indirect taxation on a massive scale and ridden on the back of our late 90's economic prosperity.
We are carrying far more debt than is immediately apparent as much of it is "off balance sheet" and we are beholden to the spending habits of our increasingly personally indebted population.
The most frustrating thing is that when elected in '97 (and yes, I voted for them) they had a clear three term mandate, and they have wasted it. Rather than taking action to address the structural problems with our economy and society, they have adopted the same old approach of gearing policy in the short term.
What a waste. And sooner or later it's going to bite the UK in the arse.
Last edited:
Barrel of Fun
Abort, retry, fail
Rougvie said:
There are many instances that I know of, who have worked hard in Uni and taken a while to get theire career job. Most of my friends have started on £18k or so, and in many cases it is a long road to get to the sort of income to afford a house. Coupled with debts. I am in no rush to pay off the student loan, it is the best loan I will ever get, but it is going to take a long time. On the basis that I need an income approximately a third of the mortgage value, I will need to get upto £40k to buy a property. That won't happen overnight.
Rougvie
Rising Damp
BarrelofFun said:
Thats fair enough, granted it is harder to get into the field you want to be in, but I interview a lot of people out of Uni who have a VERY unrealistic idea of what they should be being paid.
larus
Well-known member
Gordon Brown has :
1. Fleeced OUR pension funds, whcih has led the the pension crisis. This government also introduced the Minimum Funding Requirement, which has lead to the closure of many final salary schemes.
2. Had a huge windfall by selling off the 3G licenses (£20bn plus I think).
3. Inherited very healthy finances from Kenneth Clarke. Clarke was predicting huge surpluses in the future from his budgets before the 97 election, with this was rubbished by Labour. Guess waht, he was right.
4. Taxed the privatised companies for huge windfall taxes.
5. Commited the country to paying long term for the PFI contracts, whcih have been undertaken by private companies. All of this is not shown as being part of our debt.
6. Increased the tax burden, forget direct tax, look at the tax burden.
He continually moves the goal-posts in relation to his 'Golden Rule', and vitually all economic comentators agree that it's become a joke. How long is the economic cycle now, 35 years
.
Gordon Brown is not a good chancellor, he's been a lucky chancellor. He's been in No 11 during a period of relative economic stability throughout the world.
1. Fleeced OUR pension funds, whcih has led the the pension crisis. This government also introduced the Minimum Funding Requirement, which has lead to the closure of many final salary schemes.
2. Had a huge windfall by selling off the 3G licenses (£20bn plus I think).
3. Inherited very healthy finances from Kenneth Clarke. Clarke was predicting huge surpluses in the future from his budgets before the 97 election, with this was rubbished by Labour. Guess waht, he was right.
4. Taxed the privatised companies for huge windfall taxes.
5. Commited the country to paying long term for the PFI contracts, whcih have been undertaken by private companies. All of this is not shown as being part of our debt.
6. Increased the tax burden, forget direct tax, look at the tax burden.
He continually moves the goal-posts in relation to his 'Golden Rule', and vitually all economic comentators agree that it's become a joke. How long is the economic cycle now, 35 years
.Gordon Brown is not a good chancellor, he's been a lucky chancellor. He's been in No 11 during a period of relative economic stability throughout the world.
Uncle Spielberg
Well-known member
Nail Head
He is a lucky chancellor who thinks he is better than he is. I rate him as probably one of the worst chancellors this country has ever had.
He is a lucky chancellor who thinks he is better than he is. I rate him as probably one of the worst chancellors this country has ever had.
Uncle Spielberg
Well-known member
The problem is most people just don;t know the extent of how much he has f***ed them over.
Trufflehound
Re-enfranchised
Gordon Brown
Texture like sun
Lays me down
With my mind he runs
Throughout the night
No need to fight
Never a frown
With Gordon Brown
Or something like that...
Texture like sun
Lays me down
With my mind he runs
Throughout the night
No need to fight
Never a frown
With Gordon Brown
Or something like that...
Brighton1 said:Do you really think he has done a good job??
Have you ever heard of "stealth taxes"
He might fool you, but not me...
We are paying as much now in tax as we we at the hight of laboutr in the late 70,s when top rate tax was 80 odd percent