Comments on: The great debate on the economy http://www.johnredwoodsdiary.com/2007/04/24/the-great-debate-on-the-economy/ Conservative Party Member of Parliament for Wokingham Fri, 10 Oct 2008 22:21:49 +0000 http://wordpress.org/?v=2.6.2 By: Steven_L http://www.johnredwoodsdiary.com/2007/04/24/the-great-debate-on-the-economy/#comment-1762 Steven_L Tue, 24 Apr 2007 22:27:41 +0000 http://www.johnredwoodsdiary.com/?p=222#comment-1762 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. 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.

]]> By: Brian Tomkinson http://www.johnredwoodsdiary.com/2007/04/24/the-great-debate-on-the-economy/#comment-1757 Brian Tomkinson Tue, 24 Apr 2007 16:25:02 +0000 http://www.johnredwoodsdiary.com/?p=222#comment-1757 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!! 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!!

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