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The Masked Tulip

Two State Britain About To Return

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Moneyweek today has a very interesting and, IMPO, spot-on article about how two State UK is about to return.

It highlights the enormous Public Sector spend in Wales, NI, and the NE over the past decade and how places like Wales are now reliant on Public Sector money for 68% of GDP. Comments that all the house building, coffee shops and malls are basically a result of the Public Sector boom and that once the cuts begin next year such places could end up WORSE than they werwe in the 1980s - which is saying something - and the UK will become perhaps more of being two States under Cameron than under Thatcher.

Concludes that unemployment is about to soar in such areas, that house prices will plunge as a result, shops will close and what few private businesses that do exist will struggle.

No link I am afraid.

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I do hope so. Its just whenever i hear that hideous term 'asset protection scheme' i get the impression the govt pays the 'owner' or someone to keep making mortgage payments, even if its empty. I cant really think of a more despicable unjust use of taxpayer money/borrowing, but thats the world we live in.

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Guest joeschmo
Moneyweek today has a very interesting and, IMPO, spot-on article about how two State UK is about to return.

It highlights the enormous Public Sector spend in Wales, NI, and the NE over the past decade and how places like Wales are now reliant on Public Sector money for 68% of GDP. Comments that all the house building, coffee shops and malls are basically a result of the Public Sector boom and that once the cuts begin next year such places could end up WORSE than they werwe in the 1980s - which is saying something - and the UK will become perhaps more of being two States under Cameron than under Thatcher.

Concludes that unemployment is about to soar in such areas, that house prices will plunge as a result, shops will close and what few private businesses that do exist will struggle.

No link I am afraid.

Seems a no brainer to me , the North will become a wasteland if the Conservatives get in and cut back on public spending.

Edited by joeschmo

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Moneyweek today has a very interesting and, IMPO, spot-on article about how two State UK is about to return.

It highlights the enormous Public Sector spend in Wales, NI, and the NE over the past decade and how places like Wales are now reliant on Public Sector money for 68% of GDP. Comments that all the house building, coffee shops and malls are basically a result of the Public Sector boom and that once the cuts begin next year such places could end up WORSE than they werwe in the 1980s - which is saying something - and the UK will become perhaps more of being two States under Cameron than under Thatcher.

Concludes that unemployment is about to soar in such areas, that house prices will plunge as a result, shops will close and what few private businesses that do exist will struggle.

No link I am afraid.

+1

Look at somewhere like Swansea or Newcastle - very little real private sector employers - except with large state aid...

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I lived in Sheffield and Toxteth (Liverpool) in the 1980's and have seen first hand what the destruction of a community looks like, and wouldn't wish it on anyone. In both Sheffield and Liverpool's case it was a flight of private capital which caused their demise, in Liverpool's case no government could have prevented it; in Sheffield's case, (and Wales and the NE IMO) the destruction was wilfull and something that the Tories should be profoundly ashamed of.

Governments can (and rightly in the case of Wales, NI and the NE) step in and inject public capital to TEMPORARILY replace the private capital that flees. If Cameron wins the next election and has any sense he will try to slowly wean these communities off the teat of the public purse, rather than attempt a big bang approach.

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I lived in Sheffield and Toxteth (Liverpool) in the 1980's and have seen first hand what the destruction of a community looks like, and wouldn't wish it on anyone. In both Sheffield and Liverpool's case it was a flight of private capital which caused their demise, in Liverpool's case no government could have prevented it; in Sheffield's case, (and Wales and the NE IMO) the destruction was wilfull and something that the Tories should be profoundly ashamed of.

Governments can (and rightly in the case of Wales, NI and the NE) step in and inject public capital to TEMPORARILY replace the private capital that flees. If Cameron wins the next election and has any sense he will try to slowly wean these communities off the teat of the public purse, rather than attempt a big bang approach.

In Wales Cameron will be faced with a labour govt in the Assembly which hates the Tories or a Plaid Cymru one that hates the Tories even more - so what will Tories in London do to Welsh funding when faced with a hostile Welsh Assembly? No brainer.

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A dependency culture has been deveoped - and a dependency mentality - even within the private sector - here in Wales - probably the same in Scotland. Definitely the case in N Ireland.

I wonder whether this is purposeful - keeping us locked in the UK - dependent on English taxpayers (so we're hardly likely to try going it alone).

I have had my work displaced by public sector subsidised organisations so often that now most of my clients are in England. Spending money from English taxpayers on initiatives that damage the public sector and make us every more reliant on English subsidies. You couldn't make it up!

Edited by gruffydd

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A dependency culture has been deveoped - and a dependency mentality - even within the private sector - here in Wales - probably the same in Scotland. Definitely the case in N Ireland.

I wonder whether this is purposeful - keeping us locked in the UK - dependent on English taxpayers (so we're hardly likely to try going it alone).

I have had my work displaced by public sector subsidised organisations so often that now most of my clients are in England. Spending money from English taxpayers on initiatives that damage the public sector and make us every more reliant on English subsidies. You couldn't make it up!

Most of the private sector businesses I know in Wales are dependent upon work from England due to the very reasons you point out.

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