http://www.bbc.co.uk/news/business-11053227


Trickle down is a fantasy theory. The Coalitions policies will not make it any easier for the majority. An increase in income tax allowances will be swallowed up by companies increasing their profit margins at the expense of consumers.

It was never going to be easier, no matter who won or what their policies were.

There would have been a huge difference. There would have been less unemployment as a result of Labour winning. The economy would have still be recovering rather than going into another recession. Tory policies mean that the average worker losing his job to keep inflation down or to cut the national debt is perfectly acceptable. Though wait till they accept that high unemployment is here to stay and you better get used to it. All the parties lied about how living standards were going to plummet as a result of the financial crisis. The fact that the burden is falling disproportionately on the young is down to the fact that the Tories want tax cuts for the elderly and rich. The difference is who pays and how much.

you have no way of knowing that. It could be argued that we would be seeing even greater unemployment if Labour had remained in power.

currently its not in recession, I know you want to ignore that minor point but two quarters of posative growth means that we are not in recession. You are going to have to wait for another two consecutive quaters of negative growth before you can declare another recession.

The average worker is still in a job and wont be losing thier jobin the short or medium term.

Labour would have not cut as fast or as deep. End result more people working. You need to grow the economy out of recession. Look at Ireland their debt to GDP ratio is still very high yet they have trashed the economy, sent more than 60 000 citizens offshore in desperation, and are probably still going to default. It is just a matter of time.


Technically we are not in recession but that was not the Coalitions achievement. The fact that their announced cuts are already slowing the economy and they have not even started the cuts means that people expect it to be grim. The economy is based on confidence and if you trash that you get a slowdown. That is what is happening. People are expecting the worst so in effect making it reality. After a normal recession you would get a V shaped recovery. We have had none of that this time.


During the depression 90% of people still had a job. That still did not mean the depression never happened. In the US the numbers loosing their jobs weekly has remained high at around 460 000 plus per week. What is happening there is a churn of workings going in and out of employment. Never staying for long. That may be happening here on a smaller scale. There are certainly a lot more people on part-time when they would prefer full time. That is massaging the figures as well. Then if you allow for the numerous changes in how unemployment is calculated then the figures will be much higher. Hundreds of thousands are on sickness benefits when they really are just unemployed. In the US it is already 17.6% and climbing. That is much worse than the depression.


Still proves my point, 70.5 percent is a lower fraction than that of other workers. Look at the numbers of graduates unemployed. In Spain they have 40% youth unemployment.