Rog Posted December 23, 2019 Share Posted December 23, 2019 25 minutes ago, RIchard Britten said: Had it not been for the astonishing financial mismanagement by Brown and the profligacy of Labour the period of so-called austerity would not have been so absolutely essential. Unfortunately it had to be suspended as a result of Labour playing politics. Link to comment Share on other sites More sharing options...
GD4ELI Posted December 23, 2019 Share Posted December 23, 2019 18 minutes ago, Rog said: Had it not been for the astonishing financial mismanagement by Brown and the profligacy of Labour the period of so-called austerity would not have been so absolutely essential. Unfortunately it had to be suspended as a result of Labour playing politics. Don't forget the 2008 banking 'crisis' in your fantasy ramblings. Link to comment Share on other sites More sharing options...
Rog Posted December 23, 2019 Share Posted December 23, 2019 14 minutes ago, GD4ELI said: Don't forget the 2008 banking 'crisis' in your fantasy ramblings Had Brown not broken the role of the BoE the contagion from the result of the Glass-Steagall act would have been very much less. Link to comment Share on other sites More sharing options...
P.K. Posted December 23, 2019 Share Posted December 23, 2019 52 minutes ago, Rog said: Had Brown not broken the role of the BoE the contagion from the result of the Glass-Steagall act would have been very much less. It was in their manifesto. Link to comment Share on other sites More sharing options...
Rog Posted December 23, 2019 Share Posted December 23, 2019 8 minutes ago, P.K. said: It was in their manifesto. Didn't make it right though. Especially the cockhanded way that Brown screwed it up. The man was and remains totally incompetent. Link to comment Share on other sites More sharing options...
P.K. Posted December 23, 2019 Share Posted December 23, 2019 29 minutes ago, Rog said: Didn't make it right though. Especially the cockhanded way that Brown screwed it up. The man was and remains totally incompetent. I think it was absolutely the right thing to do. For far too long interest rates had been deliberately manipulated by unscrupulous politicians purely for electoral gain. Leaving them just VAT was the right thing to do. Incidentally Roger since austerity is officially over when is this government you laud so much going to reduce VAT back to pre Gideon Osborne levels? Link to comment Share on other sites More sharing options...
Rog Posted December 23, 2019 Share Posted December 23, 2019 23 minutes ago, P.K. said: I think it was absolutely the right thing to do. For far too long interest rates had been deliberately manipulated by unscrupulous politicians purely for electoral gain. Leaving them just VAT was the right thing to do. Incidentally Roger since austerity is officially over when is this government you laud so much going to reduce VAT back to pre Gideon Osborne levels? The period of repair to the UK treasury is far from over. The increase in VAT must remail as it is as a part of that process. Once again it's a case of the (supposedly) Socialist government it's a case of Labour broke it,the Conservative government is having to repair it. As for the value of Stirling being the responsibility of the government and their management of the UK economy reflecting in the effect on interest rates IMO that is exactly how things should be. Link to comment Share on other sites More sharing options...
P.K. Posted December 23, 2019 Share Posted December 23, 2019 32 minutes ago, Rog said: The period of repair to the UK treasury is far from over. The increase in VAT must remail as it is as a part of that process. Once again it's a case of the (supposedly) Socialist government it's a case of Labour broke it,the Conservative government is having to repair it. As for the value of Stirling being the responsibility of the government and their management of the UK economy reflecting in the effect on interest rates IMO that is exactly how things should be. Yes. It never ceases to amaze me how Gordon Brown brought down Lehman Bros etc etc and caused the global financial crisis of 2007 and all from his office in Downing Street. Quite remarkable wouldn't you say....? So when they're saying austerity is over according to you they're lying. Par for the course.... Link to comment Share on other sites More sharing options...
Non-Believer Posted December 23, 2019 Share Posted December 23, 2019 The Banking sector suffers "Too much Banking Regulation" quoth David Cameron in opposition in 2006. Hmmmm. So they'll be loving the new BOE Governor announced a couple of days ago. Banking inside man through and through. Link to comment Share on other sites More sharing options...
Rog Posted December 23, 2019 Share Posted December 23, 2019 28 minutes ago, P.K. said: Yes. It never ceases to amaze me how Gordon Brown brought down Lehman Bros etc etc and caused the global financial crisis of 2007 and all from his office in Downing Street. Quite remarkable wouldn't you say....? So when they're saying austerity is over according to you they're lying. Par for the course.... Lehman was brought about by a rogue trader as well you (should) know. But that apart, when was the statement ever made that Austerity was to be over? Link to comment Share on other sites More sharing options...
Rog Posted December 23, 2019 Share Posted December 23, 2019 29 minutes ago, Non-Believer said: The Banking sector suffers "Too much Banking Regulation" quoth David Cameron in opposition in 2006. Hmmmm. So they'll be loving the new BOE Governor announced a couple of days ago. Banking inside man through and through. In conjunction with a good and competent Chancellor of the Exchequer he'll be in an ideal position to know what must be done to restore Treasury control AND RESPONSIBILITY for the UK banking and finance sector which is precisely what should be the case. Cameron was and remains a Pratt. Link to comment Share on other sites More sharing options...
Non-Believer Posted December 23, 2019 Share Posted December 23, 2019 56 minutes ago, Rog said: In conjunction with a good and competent Chancellor of the Exchequer he'll be in an ideal position to know what must be done to restore Treasury control AND RESPONSIBILITY for the UK banking and finance sector which is precisely what should be the case. Cameron was and remains a Pratt. When did Treasury ever have responsibility for the UK banking sector? The UK banking sector has had the most appalling record of mismanagement and corruption in recent years. Much of which had to be exposed via the EU. Who's going to monitor it after Brexit? The UK Treasury? I bet the UK banks can't wait for that. Link to comment Share on other sites More sharing options...
John Wright Posted December 23, 2019 Share Posted December 23, 2019 1 hour ago, Rog said: Lehman was brought about by a rogue trader as well you (should) know. You May be confusing Lehman with Barings? Link to comment Share on other sites More sharing options...
Rog Posted December 23, 2019 Share Posted December 23, 2019 19 minutes ago, Non-Believer said: When did Treasury ever have responsibility for the UK banking sector? The UK banking sector has had the most appalling record of mismanagement and corruption in recent years. Much of which had to be exposed via the EU. Who's going to monitor it after Brexit? The UK Treasury? I bet the UK banks can't wait for that. Before Brown broke the BoE responsibility to the Treasury in 1977 and replaced the BoE with the largely useless FSA the BoE had been doing a great job. Link to comment Share on other sites More sharing options...
Rog Posted December 23, 2019 Share Posted December 23, 2019 Just now, John Wright said: You May be confusing Lehman with Barings? Yes, I did. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.