ChatterBank0 min ago
Economy Safe In Osbornes Hands ?
Government borrowing worst October figure in six years
http:// www.bbc .co.uk/ news/bu siness- 3487745 5
Osbornes been in Office as a Tory Chancellor for over 5 years, so why is he still not able to make the books add up ?
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Osbornes been in Office as a Tory Chancellor for over 5 years, so why is he still not able to make the books add up ?
Answers
Great answer janbee...... .mikey will give you best answer for that!
15:43 Fri 20th Nov 2015
The Tories are in a mess. They have lost control of the economy, they have upset the BMA to such an extent that the Doctors are soon to go out on strike, and they have lost an important bit of legislation in the House of Lords ( of all places ! ) All this so soon after their narrow victory in the May Election.
Osborne is one of the most incompetent chancellors in living memory.
It isn't that he is stupid - he is driven by ideology and in hock to a foreign communist regime (sounds like a Mail conspiracy theory about someone else). His name isn't Jeremy Corbyn however, and he doesn't have a beard, so that may save him, though if he gets out of the tax credits fiasco unscathed he'll be Houdini not Gideon any more.
It isn't that he is stupid - he is driven by ideology and in hock to a foreign communist regime (sounds like a Mail conspiracy theory about someone else). His name isn't Jeremy Corbyn however, and he doesn't have a beard, so that may save him, though if he gets out of the tax credits fiasco unscathed he'll be Houdini not Gideon any more.
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He has no more lost control of the economy than the Chancellors from 1997 to 2010 did, Mikey. The plain fact is that the country spends more than it earns. This is true of individuals (on average) and of the government.
Unless and until the huge sums spent on worthless unproductive public sector jobs (no, not doctors and nurses), the large sums spent on "Overseas Aid", the ridiculous sums spent of Tax Credits and Housing Benefits, and the huige sums spent on State Pensions which have not been funded by the recipients are reduced drastically then this will continue to be so. It's not a Tory thing or a Labour thing. It is a UK thing. The UK is addicted to debt (both personal and national) and like all addictions it's hard to shake off.
Unless and until the huge sums spent on worthless unproductive public sector jobs (no, not doctors and nurses), the large sums spent on "Overseas Aid", the ridiculous sums spent of Tax Credits and Housing Benefits, and the huige sums spent on State Pensions which have not been funded by the recipients are reduced drastically then this will continue to be so. It's not a Tory thing or a Labour thing. It is a UK thing. The UK is addicted to debt (both personal and national) and like all addictions it's hard to shake off.
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