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personal indebtedness had not rocketed at an incredible rate for the last 10 years

actually, it had.

as a %, there was a bigger increase from 79-97 than from 97-now.

and we hadn't had 13 years of "nu fascist" government who seem to have taken 1984 as a blueprint for their law and order policies

indeed. It was 18 years of that that we'd just suffered ;)

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Guest Laborrower

Back in 1997 we weren't running a budget deficit of 13% of GDP, the state didn't account for over half of the economy and we were not in the middle of the biggest recession we're ever likely to see.

We were not witnessing the unwinding of an epic credit bubble, personal indebtedness had not rocketed at an incredible rate for the last 10 years and we hadn't had 13 years of "nu fascist" government who seem to have taken 1984 as a blueprint for their law and order policies

Bit of difference don't you think. :unsure:

What makes this debt really grating (for me) is not just the size of it

but what the hell do we have to show for it?

Gordon may as well have bought the worlds supply of crack cocaine and snorted it

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You don't pay capital gains on earnings. Only on what's unearned.

Stop confusing high earners with rich people. They're not at all the same, unless by coincidence.

Plenty of people in private equity paying CGT (albeit at a lower effective rate than most) on earnings, I expect there are similar schemes in other industries.

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Some of the BBC Budget reporting came from a modern shopping centre in Dudley.

Speaking of the BBC, you'll at least sleep in comfort knowing that you are, yet again, getting 100% impartial coverage for your license fee.

http://news.bbc.co.uk/2/hi/uk_news/politics/8584163.stm

BBC Economics Editor Stephanie Flanders summed up Mr Darling's message as "it's bad, but not as bad as we thought - and not nearly as bad as it would have been under the Conservatives".

:lol:

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BBC Economics Editor Stephanie Flanders summed up Mr Darling's message as "it's bad, but not as bad as we thought - and not nearly as bad as it would have been under the Conservatives".

...is Flanders supporting the Labour 'King House Flipper' Darling whose politics of envy drew laughter from the sneering Government front benches when the 5% increase in stamp duty for properties over £1million were announced....a tax on people many of whom are possibly the wealth creators who keep this low life Government in revenue ...a Government who wish to fiddle their way to individual riches and think it's OK ....at our expense..!...our money ..!...these people are the delinquent shamed who make many petty criminals appear like angels in a church choir....we need rid ....we need to aspire to the debt they inherited .....yes £6 billion would be a dream start..... :)

Edited by South Lorne
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Speaking of the BBC, you'll at least sleep in comfort knowing that you are, yet again, getting 100% impartial coverage for your license fee.

http://news.bbc.co.u...ics/8584163.stm

BBC Economics Editor Stephanie Flanders summed up Mr Darling's message as "it's bad, but not as bad as we thought - and not nearly as bad as it would have been under the Conservatives".

laugh.gif

I saw Steph on the main BBC 6 o'clock news last night and her first words on the budget were:

"It's a consider yourself lucky budget"

You cannot blame BBC staff for being so pro-Labour their pay has exploded upwards under them. Greg Dyke said recently that his successor earns over twice what he did in 2004

http://www.telegraph.co.uk/culture/tvandradio/7348869/Greg-Dyke-BBC-director-general-Mark-Thompson-overpaid-and-out-of-touch.html

300 earn over £100k but aren't deemed to have important enough jobs to be on the list

At least 37 BBC executives earn more than the Prime Minister, it was revealed yesterday, as the corporation disclosed the scale of its senior salaries for the first time.

The broadcaster said that its 107 “most senior decision makers” earn £22 million a year and said that the disclosures made it the nation’s most transparent public body. This claim was undermined when it emerged that hundreds of its highest earners were hidden from the published figures.

Nearly 300 senior managers earning more than £100,000, were kept off the list, The Times has learnt

http://business.timesonline.co.uk/tol/business/industry_sectors/media/article6915078.ece

We have had our currency devalued, personal allowances frozen, so that everyone has had some of their wealth stolen to maintain salary excesses in the public sector. When they say the NHS budget will be ring-fenced they mean the excessive salaries, while front line services will be cut.

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