Apr 24 2007
The great debate on the economy
Yesterday in the House we had an all day debate on the Finance Bill and the state of the economy.
As usual Labour was both complacent and living in
-
Subscribe
-
Widgets
www.flickr.com
This is a Flickr badge showing public photos from The Rt. Hon John Redwood MP. Make your own badge here.
RSS Feed-
About
John Redwood has been the Member of Parliament for Wokingham since 1987. First attending Kent College, Canterbury, he graduated from Magdalen College...
Conservative Party Economy News
All this is the work of someone Blair says is “our greatest post-war Chancellor”!!! Oh, and don’t forget the occupational pensions he has destroyed, the billions he lost on the sale of our gold reserves and the billions paid out in error in tax credits. Fasten your safety belts the man responsible for all this failure is about to become Labour leader and our Prime Minister!!
If interest rates had been lower I’m sure the savings ratio would have been as well. On the other hand, I imagine if more consumers had spent the last 5 or 6 years saving instead of borrowing and spending, growth would have been even lower surely?
Then you have the fact we seem to import all of our goods these days and it seems we’ve just been borrowing money to spend it overseas. No wonder China and India are booming if this is what the UK and USA are doing.