Lloyds Banking Share Discussion Threads

[xxxxxy] 10/12/2019 07:57

Labour knows how to borrow too much to bring on an economic collapseBy JOHNREDWOOD | Published: DECEMBER 10, 2019Some younger voters may not have studied UK economic history. There has been a depressing pattern to it all.The 1964-70 Labour government borrowed and spent too much. It was forced into a devaluation and had to impose austerity policies to try to rally the currency.The 1974-9 Labour government overspent and overborrowed to such an extent that they ran out of money and had to go to the IMF for a loan. There was further devaluation. The IMF imposed tough austerity conditions on the loan  which then governed Labour policy.The 1997-2010 Labour government lasted longer because for the first few years it followed inherited Conservative spending and tax plans which worked.  Then it cranked up the spending and borrowing – particularly through the private finance initiative lumbering public services with large debts- and presided over the crash of 2008-9.The last two Labour governments both raised unemployment by around half a million people. Indeed every Labour government apart from the first short lived minority one has left office with unemployment up on where it started.A sensible amount of credit, and borrowing for worthwhile investment, can help an economy. Excessive state credit and excessive state spending with high taxes is always a ruinous combination. It makes people worse off, leads to job losses and recession, and leave the Treasury short of tax revenues to pay the bills. The huge spending and taxing plans of the current Labour party would bring on an early crisis.

[joe say] 10/12/2019 07:28

Jack hits the nail on the head - and still those ungrateful scots moan and moan

Lets be rid of them - but only if they self fund (or pay us reparation payments - after all the EU demands them so why shouldn't we have our funding when it is them that have chosen to leave the club)

[utrickytrees] 10/12/2019 01:29

You can get an honourary Cambridge degree if youve ever been an isis bride.

[k38] 10/12/2019 00:39

Boris must stop giving interviews to the "media" the next two days. No Qs answer no personal interviews.

[diku] 10/12/2019 00:07

Did anybody see the special Question Time Monday evening...heated exchanges between Farage and the lady sitting next to him...think her name was Angela (Labour)...

[k38] 09/12/2019 23:51

EU will be rubbing their hands and hopping a labour win..If so, it will take years for this country to recover and that is if Brussels allowed ofcourse as we will be on their mercy.

[sentimentrules] 09/12/2019 23:26

Was probably chuky

[k38] 09/12/2019 23:25

I smell a rat in this case...

[sentimentrules] 09/12/2019 23:09

Tory social policy

'Make work pay'

Given the salary freezes during their reign, I think they meant, work or starve.

[sentimentrules] 09/12/2019 23:07

If Corbyn wins I'm going to sign on and retire

[k38] 09/12/2019 23:06

New law in EU 2023 will force all government to sell off state own lines for (trains) competition..So labour preparing to spend 10s of billions today and sell it - give it back to shareholders tomorrow.. If they win ofcourse...;))That's why I believe labour and JC's promises are just that, promises..Or As I SaiD, LabouR ArE JusT StupiD !!

[sentimentrules] 09/12/2019 22:59

Amazing they got regulator approval again

[xxxxxy] 09/12/2019 22:56

Gordian knot. Think know the answer soonish. Maybe

[sentimentrules] 09/12/2019 22:55

Hmm..

I can't. So I have zero experience on the reality of it. Reading it not quite the same

[cheshire pete] 09/12/2019 22:55

Fair enough SR, my timescales go back further than 2008 though. Can remember inflation in the 60s and 70s.

[sentimentrules] 09/12/2019 22:55

Public/personal and Corp

[xxxxxy] 09/12/2019 22:53

I believe that is true. Reminiscent of Gestapo in Germany. And there is the anti semitism. History repeating itself. They know not what they do.