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pcernie
Legend
Joined: Sun Apr 26, 2009 12:30 pm
Posts: 45931
Location: Belfast
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_________________Plain English advice on everything money, purchase and service related:
http://www.moneysavingexpert.com/
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| Fri Jan 24, 2014 10:44 pm |
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Amnesia10
Legend
Joined: Fri Apr 24, 2009 2:02 am
Posts: 29240
Location: Guantanamo Bay (thanks bobbdobbs)
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We all know that aspirations never become reality. They get dropped at the first hint of trouble. _________________Do concentrate, 007... "You are gifted. Mine is bordering on seven seconds." https://www.dropbox.com/referrals/NTg5MzczNTkhttp://astore.amazon.co.uk/wwwx404couk-21
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| Fri Jan 24, 2014 10:49 pm |
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l3v1ck
What's a life?
Joined: Fri Apr 24, 2009 10:21 am
Posts: 12700
Location: The Right Side of the Pennines (metaphorically & geographically)
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I'm not sure the Labour mentality would ever allow them to balance the books for a whole term in office.
It also makes their critisisms of Tory cuts looka bit hollow as they have to cut too.
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| Sat Jan 25, 2014 7:34 am |
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ShockWaffle
Doesn't have much of a life
Joined: Sat Apr 25, 2009 6:50 am
Posts: 1911
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As a rule of thumb, left wing governments are usually better at balancing the books than right wing ones.
Right wing governments usually overestimate both the positive impact of tax cuts (theorising that lower taxes guarantees revenue generating growth), and their capacity to cut government spending (which is generally less wasteful than is commonly supposed).
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| Sat Jan 25, 2014 7:53 am |
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l3v1ck
What's a life?
Joined: Fri Apr 24, 2009 10:21 am
Posts: 12700
Location: The Right Side of the Pennines (metaphorically & geographically)
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The sad thing is I'm sure the last Labour government could easily have ballanced the books if they'd wanted to. But they chose to borrow and borrow.
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| Sat Jan 25, 2014 7:57 am |
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pcernie
Legend
Joined: Sun Apr 26, 2009 12:30 pm
Posts: 45931
Location: Belfast
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Labour will restore 50p top rate of income tax, says Ed Balls http://www.theguardian.com/politics/201 ... x-ed-ballsPresumably it gets avoided like the plague anyway... _________________Plain English advice on everything money, purchase and service related:
http://www.moneysavingexpert.com/
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| Sat Jan 25, 2014 1:05 pm |
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jonbwfc
What's a life?
Joined: Thu Apr 23, 2009 7:26 pm
Posts: 17040
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Repeating the same lie doesn't make it true, you know. Evidence
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| Sat Jan 25, 2014 1:50 pm |
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Amnesia10
Legend
Joined: Fri Apr 24, 2009 2:02 am
Posts: 29240
Location: Guantanamo Bay (thanks bobbdobbs)
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Much of our deficit is a result of the automatic stabiliser as a result of the financial crisis. Also having a surplus is no protection if you allow the banks to run rampant. Look at Ireland, it had a surplus until the crisis and is now practically insolvent as a result of bailing out the UK, French and German banks. So running a surplus will only mean less income for companies and households unless you have a roaring trade surplus which we do not have.
_________________Do concentrate, 007... "You are gifted. Mine is bordering on seven seconds." https://www.dropbox.com/referrals/NTg5MzczNTkhttp://astore.amazon.co.uk/wwwx404couk-21
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| Sat Jan 25, 2014 3:12 pm |
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l3v1ck
What's a life?
Joined: Fri Apr 24, 2009 10:21 am
Posts: 12700
Location: The Right Side of the Pennines (metaphorically & geographically)
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What? A couple of years where they suck to Tory spending plans and got a boost from 3G licenses. You call that ballancing the books?
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| Sat Jan 25, 2014 5:01 pm |
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