"Can he name one other country that is responding to the downturn by putting up taxes" Exactly! It goes against all common economic sense of the last 30-40 years!
Sadly there wasn't any economic sense over the last 30-40 years. Thatcher convinced us she was saving billions by selling off council houses. Total expenditure by government 1980 - 1988 for housing benefit & support for families buying houses or forced to rent in the private sector due to council houses being sold off: £6bn. Total revenue (from sale of council houses) and savings from not needing to renovate: £3.5bn. Source: Privatization and Its Alternatives - La Follette public policy series.
Stop blaming Thatcher. This crisis started in the US, and if I remember correctly, the economy was in a sound state back in 1997. Now who's been in power for the past 11 years?
please put more british politicians on youtube.
Airportris 2 months ago
Yet again the concervatives will have to come in and sort out a mess left by an incompetant Labour Government.
buffboydan 3 years ago 16
good to see labour destroyed by the tories again!
ngai1842 3 years ago 13
And boy do we need those tax cuts now..Cost of living has exploded...
brokenbriton 3 years ago 9
"Can he name one other country that is responding to the downturn by putting up taxes" Exactly! It goes against all common economic sense of the last 30-40 years!
AlonsoLegend 3 years ago 19
Sadly there wasn't any economic sense over the last 30-40 years. Thatcher convinced us she was saving billions by selling off council houses. Total expenditure by government 1980 - 1988 for housing benefit & support for families buying houses or forced to rent in the private sector due to council houses being sold off: £6bn. Total revenue (from sale of council houses) and savings from not needing to renovate: £3.5bn. Source: Privatization and Its Alternatives - La Follette public policy series.
M0reTeaVicar 3 years ago
Stop blaming Thatcher. This crisis started in the US, and if I remember correctly, the economy was in a sound state back in 1997. Now who's been in power for the past 11 years?
theredraven 3 years ago 5
@theredraven This crisis started in the US, you fool.
ToaJoe 1 year ago