The Times, not exactly the most neutral paper out there eh?
They're probably lying then
The current crisis began in America
It may have begun in America, but it could have started anywhere.It is global!! It was always going to happen and British banks, pension funds, hedge funds etc were in as deep as everyone. Britain has its own sub prime problem aka "self cert". This "it all started in America" was a favourite line trotted out by Labour to avert blame from them, for their disasterous "light touch" non existent regulation of the financial sector.
so how people can blame any British government is beyond me
I blame the Govt for allowing financial institutions to lend stupid amounts of money to people who had no chance of paying it back. I also blame the british govt, namely Brown, for mortgaging mine, my kids, and probably my grandkids future with insane amounts of printed money, instead of letting things take their natural course. He did this to maintain an illusion of stability in order to win the election.
all major financial experts agree that Labour, in particular GB did the right thing
Maybe the ones you follow do, but if you do a good bit of research you'll find there are plenty of experts who think that GB's handling of matters economic were a complete disaster. He has only prolonged the inevitable. Time will tell, but I don't think we've seen the worse yet.
we're not out this mess but i'm sure we'd have been in a lot more trouble if the Tories had to handle it from the outset.
We haven't even started getting out of the mess yet. Made all the worse by a PM whose answer to the crisis was to BORROW his way out of debt. Tell that to your credit card company " I owe you ten grand so I'll borrow another 10 to pay you off"!! Head in the sand economics I'm afraid.
but i'm sure we'd have been in a lot more trouble if the Tories had to handle it from the outset.
But you can't know that for certain. This is the usual rubbish trotted out by Labour. Years into their last government they were still harping on about the Tories in the 90's and all that was wrong with them, in order to deflect attention away from their disasterous leadership of the country.
Remember black wednesday do you?
Refer to comments above. Black Wednesday was a disaster but has little relevance to this discussion. But as you've mentioned it, in a weird way it's done us a favour. If we'd stayed in the ERM, we would now be propping up the Euro, Greece, Spain and all the other tin pot nations with their hands held out.
Oh and privatising everything was a good shout wasn't it?
Here you go again, talking about events that happened 20 to 30 years ago, to deflect away from the last 13 catastrophic years of Labour rule. I think it was terrible, but Labour didn't stop when they got into power did they?
Oh no have alook at PFI
Private finance initiative - Wikipedia, the free encyclopedia. More of our kids futures sold off!! At least the Tories made money from flogging off the family silver.And Brown kept it off the balance sheet, so our deficit is even worse than reported. Another master stroke of financial wizardry from Brown.
It was under a tory government that got our financial growth so dependant on the stock markets instead of our manufacturing prowess.
And Again more history from over 13 years ago! Again Labour didn't stop it did they? They carried it on. They let private equity firms, asset strip good businesses, load them up with debt, sell them off, all while paying sod all tax. What about Corus shutting steel plants to manufacture steel in cheaper countries? Where was Labour?What about Cadbury's, sold off to the Yanks and then workers losing their jobs and having their pensions cut. All this and more, a whole lot more recent than the Tories.
It's only for the toffs that they sneaked in now as they'll save even more of there inherited dosh!!
You may be right, time will tell. But don't fool yourself that Labour are all working class. Most of them are champagne socialists with privelleged backgrounds. And how much is Tony worth now?
Oh yeah here it is
Tony Blair's fortune to treble to £45million next year - mirror.co.uk Mirror unbiased and neutral enough for you?