Comments on: Borrowing is a boomerang http://johnredwoodsdiary.com/2008/11/25/borrowing-is-a-boomerang/ Incisive and topical campaigns and commentary on today's issues and tomorrow's problems Thu, 09 Feb 2012 11:18:17 +0000 hourly 1 By: Curly http://johnredwoodsdiary.com/2008/11/25/borrowing-is-a-boomerang/#comment-8436 Curly Tue, 25 Nov 2008 14:40:46 +0000 http://www.johnredwoodsdiary.com/?p=2180#comment-8436 The Mandelson/Campbell directed return to "Old Labour" spells absolute disaster for the UK economy, which to be honest was furthest from their minds yesterday. I can see the recession lasting beyond 2009, unemployment busting past the 3 million figure and worse still deflationary pressures reducing tax revenues. There will be an awful mess for the Conservatives to turn around, but that, surely, is what Brown intended. The Mandelson/Campbell directed return to "Old Labour" spells absolute disaster for the UK economy, which to be honest was furthest from their minds yesterday.

I can see the recession lasting beyond 2009, unemployment busting past the 3 million figure and worse still deflationary pressures reducing tax revenues.

There will be an awful mess for the Conservatives to turn around, but that, surely, is what Brown intended.

]]> By: Lola http://johnredwoodsdiary.com/2008/11/25/borrowing-is-a-boomerang/#comment-8435 Lola Tue, 25 Nov 2008 12:12:53 +0000 http://www.johnredwoodsdiary.com/?p=2180#comment-8435 One of the 'buy' signals for a stock can be the change of management. Similarly, as you say, recovery in fortune for a company only comes when the management is changed. In regards to the Government this is exactly my view and you have endorsed it. Given that every single day that the wrong (or no action) is being taken costs us all - rich and poor alike - more and more wealth, the question begs itself just how can we winkle these idiots out of power pdq? What can you and your colleagues do to get after Brown and his crew that will drive them to the country as soon as possible? I admit that timing is often critical, as you will need a big and clear majority to carry out the 'right' policies, and maybe that means we have to get well and truly in the clarts before The Voter can truly see that massive expenditure cuts are also necessary to turn us around. But still every day's delay is costing us very dear indeed, so what, just what are you going to do get this shower out of power? And if returned to office will you guarantee to pursue policies of sound money, small and genuinely prudent government and restoration of our liberties? One of the 'buy' signals for a stock can be the change of management. Similarly, as you say, recovery in fortune for a company only comes when the management is changed. In regards to the Government this is exactly my view and you have endorsed it.

Given that every single day that the wrong (or no action) is being taken costs us all – rich and poor alike – more and more wealth, the question begs itself just how can we winkle these idiots out of power pdq?

What can you and your colleagues do to get after Brown and his crew that will drive them to the country as soon as possible? I admit that timing is often critical, as you will need a big and clear majority to carry out the 'right' policies, and maybe that means we have to get well and truly in the clarts before The Voter can truly see that massive expenditure cuts are also necessary to turn us around.

But still every day's delay is costing us very dear indeed, so what, just what are you going to do get this shower out of power? And if returned to office will you guarantee to pursue policies of sound money, small and genuinely prudent government and restoration of our liberties?

]]> By: Brian Tomkinson http://johnredwoodsdiary.com/2008/11/25/borrowing-is-a-boomerang/#comment-8434 Brian Tomkinson Tue, 25 Nov 2008 08:44:15 +0000 http://www.johnredwoodsdiary.com/?p=2180#comment-8434 We are continually being told how serious this recession is and this is why we need extraordinary measures. In the next breath Darling tells us that the economy will begin to grow again by the middle of next year. If he is correct, which is highly unlikely he then chooses to increase taxation which would risk killing off any recovery. We are also told that the great danger is deflation - continually falling prices. What does Darling do - reduces VAT which will reduce prices. I have been convinced for some time that no-one in government knows what to do about our economy and yesterday's Pre Budget Report provided further proof. We are continually being told how serious this recession is and this is why we need extraordinary measures. In the next breath Darling tells us that the economy will begin to grow again by the middle of next year. If he is correct, which is highly unlikely he then chooses to increase taxation which would risk killing off any recovery. We are also told that the great danger is deflation – continually falling prices. What does Darling do – reduces VAT which will reduce prices. I have been convinced for some time that no-one in government knows what to do about our economy and yesterday’s Pre Budget Report provided further proof.

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