I can see this is all upsetting you, so I will just say it doesnt matter what the tories (or libdems) thought about the deregulation of the financial services sector, Labour did the deed, no one else. I also dont remember reading any other chancellor in the developed world claiming they had banished boom and bust? To quote Robert Chote , then Director of the Institute of Fiscal Studies (IFS) and main author of their 2009 Green Budget:
"Labour entered the current crisis with one of the largest structural budget deficits in the industrial world and a bigger debt than most OECD countries, having done less to reduce debt and - in particular - borrowing than most since 1997." Im not trying to turn people to vote tory or libdem, just pointing out Labour's culpability in the financial crisis in this country, and in the country's ability to deal with the crisis that ensued. Something labour voters seem to either forget or deny, and then moan about each and every announcement made to try and reduce the amount we owe, blaming it simply on some tory/libdem excuse to slash public sector spending. And then demand we get rid of the monarchy cos that might save £4.52. -----Original Message----- From: Ian Murray [mailto:[email protected]] Sent: 04 May 2011 14:59 To: Mark Humphries Cc: Robert Heath; Richard Naef; <[email protected]> Subject: Re: [LU] [Non LU] Good omen? OK mate. I'll defer to your supreme knowledge of macroeconomic affairs. All I'll say is you conveniently ignore that THE ENTIRE DEVELOPED WORLD (I can learn at least one thing from you) was in recession. I don't remember the Tories jumping up and down about our underegulation of the banks 1997-2008, which ultimately caused this mess. Perhaps you can send me a link to the appropriate Hansard entries? _______________________________________________ Leedslist mailing list Info and options: http://mailman-new.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email [email protected] MARCHING ON TOGETHER (There's it)
