Ernst & Young supports New Labour economics, shock! (22Mar10)

[Sillysod]

Add the public sector to immigration and to the prisoners which are allowed to vote (removed from society, but allowed to vote?!) and welfare louts (of which get a benefit pay increase just before the election), you understand the polls. Labour is a cancer of the UK. I'm done now!

[Sillysod]

53% of this economy is public sector workers, way above EU average. Add that to the 1 in 5 unemployed, £120 Billion going to the EU every year, £10 Billion in aid, a proportion of which going to China! A Trillion pounds in bank bailouts. A few examples. The pressure on the tax payer (you and me) is unreal. This country has been raped in every way by Labour, if they get back in, I'm going out!

[Sillysod]

If you pump Billions of pounds into an economy and it grows by a pathetic amount, the growth is not real, so of course it will retract once the money stops going in...the money has ran out! It's not a sustainable way of supporting an economy, instead damaging it.

Contents of the coffers:

"IOU £2 Trillion signed G.Brown"

[CelticReject]

Another round of money 'printing' coming up?

[BloodguardGorak]

@CelticReject Loved the Primark comment :)

What's changed since 2008? House prices are still overvalued because they keep propping up the prices. Government wants banks to lend on assets that are not worth shit. Their idea of growth is feeding a credit bubble - sad!

[BloodguardGorak]

Coincidence that the Canadian dollar just reached a new 52-week high, less than two weeks after the Canadian government announced a plan to balance its budget by 2016?

China has us by the balls so we either balance the books or go back to the stone age. Think about all the products in your home that were made in China? If the Chinese raise interest rates the value of the yuan will go up. No more cheap goods!

[CelticReject]

You mean the chaves wont have Primark? Oh the horror of it all!

[fullywoolly]

It costs to have ethics in this age of global interdependence... they used to rely on our scraps, now the shoe is swapping feet. Chavs will be in rags (if primark don't sell sweatshop goods) and the middle classes will revert to sports wear... lol