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Storm Clouds Ahead For Uk Economy As Miracle Unwravels

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The Miracle Economy may be over as the realities come home to roost and the absense of fundamentals to keep HPI and MEW going makes Gordon's move into No. 10 far less than certain. The Observer is beginning to read like the Telegraph as the press begin to wake up from Brown's spell and catch a whiff of the coffee:

http://observer.guardian.co.uk/business/st...1779595,00.html

Is timing on the Chancellor's side?

William Keegan

Sunday May 21, 2006

The Observer

The concern, for some years, of the Chancellor's admirers has been that he would end up inheriting the fag-end of an administration. Perhaps.
Things are not looking good for this government at the moment, to put it mildly.
Your correspondent belongs to the school that believes oppositions do not win elections but governments lose them. This one is by common consent in serious trouble. It may not be terminal trouble, but the next general election is no longer a foregone conclusion.
Apart from worries about the health service, education and civil liberties, there is the question of whether the government's luck can hold in regard to the economy. So far this has been the great success story, for which the credit has been granted to Gordon Brown.
But there are clouds on the horizon - clouds which are further away than the month-by-month gyrations of the Chancellor's creation, the Bank of England's Monetary Policy Committee.
The black cloud - by no means unique to Britain - is security of supplies of energy
. During, and immediately after, the Second World War, energy was a matter of great concern, and power cuts were frequent.
Did you hear the one about the Englishman* and the Scotsman who went into an election campaign? On whom will the joke be...?
Timing.

_______________________________

*Some point out that David "Scotty" Cameron, whose name could hardly be more Scots, has a clearer bloodline from North of the border than Gordon "Hamish" Brown. Not a lot of people know that....... :)

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Labour are, no doubt, extremely thankful that there isn't another party with any semblance of ability to form a government, even in 3-4 years time when the next election is due. 'Old Man' Campbell and 'Dave Boy' Chameleon are each about as effective as a chocolate fireguard!

p

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The concern, for some years, of the Chancellor's admirers has been that he would end up inheriting the fag-end of an administration.

Let's hope he does, if he can replicate Major, with the added bout of his financial dishonesty unwinding, he will have the admiration of all of us. We actually need for him to takeover, that way he can't get away with it, let's hope Tony tries to out last Mrs T, Gordy will be left with nothing other than a crumbling ruin.

Labour are, no doubt, extremely thankful that there isn't another party with any semblance of ability to form a government, even in 3-4 years time when the next election is due. 'Old Man' Campbell and 'Dave Boy' Chameleon are each about as effective as a chocolate fireguard!

Exactly, there are some elections worth losing, why not let Gordy to take full credit for his work! The clock is ticking, especially on his decade long business cycle :lol:

Edited by BuyingBear

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Labour are, no doubt, extremely thankful that there isn't another party with any semblance of ability to form a government, even in 3-4 years time when the next election is due. 'Old Man' Campbell and 'Dave Boy' Chameleon are each about as effective as a chocolate fireguard!

p

funny that

looks like blears thinks the exact opposite!

http://observer.guardian.co.uk/politics/st...1779997,00.html

the next election is a looong way off - plenty of time for your beloved labour party to wallow in more sleaze.

not that the tories are any good, of course.

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Gordan has done his best to kill off pension schemes by his tax changes. He has raised taxes to pay for a larger civil service without any obvious long tem stuctural gains, supported pay rises and in the health service with no matching improvement in patient care. He continues to hype the housing market so he can extract taxes from the profits. Now it is all unwinding he can not expect any sympathy.

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I hate Labour, I cried when they got in I just knew they would mess the economy up, well they always do.

As has been said before, unfortunately there are no real opposition leaders about to take over. All the parties are so far to the left they are about to amalgamate into an unpleasant pink blob. It seems as if you have to be castrated before you are allowed to stand as a politician these days. Christ, Maggie still has bigger balls than anyone currently in power. You may not agree with her but at least she said and did as she saw fit without pandering to the hand-wringing loony left PC brigade.

I believe a very severe house price crash followed by a deep but brief depression will do this country a lot of good. I think it will make people appreciate the simple things in life more and get rid of this take, take, take mentality. I think people will make more friends, perhaps even talk to their neighbours as everyone will need to depend on everyone else for help for a while.

It will take this short sharp shock to make people take an interest in politics and their country. Clearly extremism will take over and many will turn to the right. Perhaps then we will be able to look our grandfathers in the eye and say its ok we haven’t ruined and squandered the country you handed down to us. I am ashamed to say I couldn’t say that in all honesty at the moment.

As for Crash Gordon aka slackjaw, I think he should be locked in a room with Maggie for an hour or so and let her handbag some sense into him.

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... He has raised taxes to pay for a larger civil service without any obvious long tem stuctural gains...

you've got to wonder what this jock gaylord thought he was doing... after all, even a halfwit skirt-wearing ginger must have noticed that creating lots of 'sinecures' would decrease the pool of REAL workers who pay tax while simultaneously increasing the pool of useless paperpushers who do nothing but soak up money.

The extra 800,000 'Brownies' weren't needed in 1997, and they aren't needed now. (Except to keep this bunch of lying hypocritacal fascists in power by effectively buying votes).

1.6 MILLION taxpayer differential!

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you've got to wonder what this jock gaylord thought he was doing... after all, even a halfwit skirt-wearing ginger must have noticed that creating lots of 'sinecures' would decrease the pool of REAL workers who pay tax while simultaneously increasing the pool of useless paperpushers who do nothing but soak up money.

I wish you would just come right out and say how you felt about the situation instead of just hinting at things. :lol:

Oh wait a minute you did !! :lol: Great, will you please consider being a politician and get rid of this lot we have at the moment ? :D

Ace post by the way. ;)

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The problem with politics today is that they all appear to accept the consensus that things are going so well, so we will not upset the apple cart so to speak, thus all we get is more of the same but a different management.

I accept that maybe we are in need of a hard time in order to shake them up, make them think about things a bit more and give us a real choice.

Although it can be said that a lot of things are out of their control, I don't particularly like this looking back to the Tories with rose tinted glasses, remember it was they who loosened up the credit controls which is IMO the root cause of are current and future ills. Iceland is a case in point when the global money flow turns on you there is not so much you can do but hunker down and accept the consequences

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This is looking more and more like a deliberate act of political sabotage by Tony Blair. For his part, Gordon Brown is trying to hold the water back (with stealth taxes, suppressed data and spin) for long enough to get into power. The problem is that the dyke is begining to leak from too many places.

The longer this goes on, the more likely Gordon Brown is to kick over the traces. I suspect that there will be a coup attempt by Brownites within 3 months. If this doesnt happen, then I think Gordon will punch Tony in the face.

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Guest Charlie The Tramp

John Major won an election smack in the middle of a HPC and looming recession against all the pundits predictions. General Elections can have quite strange results as Harold Wilson learnt in 1970. If there is no strong opposition come the next election NuLab could possibly win again albeit with a single figure majority.

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This is looking more and more like a deliberate act of political sabotage by Tony Blair.

Pension reform, sacking doctors and nurses from the NHS, carte blanche migration, nuclear power, Tony is really going all out... and why not, he doesn't need to face any further elections and 5000 years of radioactive waste is quite a legacy, nobody will forget that in a hurry. Next he'll be moaning about chav entitlements, talk about upsetting a block vote.

Gordy has been messed about for the best part of a decade by Tony, he has no backbone (maybe that's a qualification?) if Gordy is such a wimp he's no fit person to run a major industrialized country, that probably explains why he's reducing us to a crumbling second world state, he can probably handle that.

Are there anymore votes left to buy? Many illegal migrants by definition don't pay tax, so Gordy is unable to bribe them with their own money, and the working practices make the unions appear like a bumbling mess, opps, there goes another part of the block vote.

Edited by BuyingBear

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Gordy has been messed about for the best part of a decade by Tony, he has no backbone (maybe that's a qualification?) if Gordy is such a wimp he's no fit person to run a major industrialized country,

Excellent point, Slackjaw is nothing more than Blair’s bitch, a gullible dumb animal and has no place running our country.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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