I can't stand the Tories.
I can't stand them either!
That's because in the Scot's language, the word 'tory' means 'thief'! It's only natural that decent Scots hate tories!
Andy, you're the resident economist here, so what is the better bet for the UK at the moment, in your very humble opinion:
a. Raising taxes and reinvesting that to try to sustain the slight improvement in the state of the economy before trying to tackle the budget deficit; or
b. Making big cuts straight away to try and tackle the budget deficit?
I'd pick 'b'. The quicker we get rid of the budget deficit; the quicker we will get out of the financial mess we're in. Option 'a' only appears to be better. In reality, it only gives a temporary 'slight improvement'. Sometimes it has to get worse before it gets better.
That's my bone of contention with Labour! They have no idea on how to control the countries finances. Their answer to money problems is borrow/spend more and it's the poor taxpayer that pays for the mess they make.
Labour are plan a and Tories are plan b.
The banks that were in danger, rightly or wrongly, are now in government hands, so they need to be dealt with.
As far as I can tell, the plan seems to be to hold on to the banks until everything improves and they can be sold off, but God knows how long that would take to happen.
What do you make of the Labour claim that the Tory plan to make significant cuts straight away would send the UK straight back into recession?
1. They should also do something about banks giving themselves (the bigwigs at the top) huge rewards for doing nothing/making bad financial performances.
2. Short term it would look bad, but long term, if they do the job right, we would pull through the recession a lot better than applying plan 'a' above and who knows, we may even have a period of prosperity, but that requires good money management on a long term basis.
I'm not entirely aware of the GDP situation in the UK, but if it is anything like it is in the US, the increase in GDP is mostly due to government spending. That's not real growth and it will dry up soon unless the government wants implode itself.
This whole borrow and spend towards economic recovery only works in the short run at the expense of the long run and future generations. Sure, pull the stimulus out now and we will have negative GDP numbers again, but that's what needs to occur. Debts need to be cleared. It's going to happen anyway. If not, then you're only delaying the inevitable and putting the country more at risk of default.

I agree with you.
Would the Labour party rather have a major recession or government collapse? Because that what it comes down to. Their policies have been used all over the world and have never worked, from the Wiemar Republic to Japan.
You're absolutely right!
That's what happened with a previous Labour Government in the UK! It collapsed and the Tories took over: - the Thatcher years!

We (the UK taxpayer) went through hell because she had to repay the IMF or whoever the Gov't lender was, a vast fortune that had been borrowed by the previous Labour Government. The UK has never forgiven her for it. My parents cursed her weekly at least!
For my other tuppence worth, I don't think either of them are worth voting for, but we don't have a lot of choice. Coming from a family that has always voted Labour, I loathe the tories, but I have to admit that the local Labour MP has not done a lot to improve my lot or that of others in our area. It's a safe seat for him, so he just sits on his fat posterior and collects his wages and expenses for doing as little as he pleases. If he was in a marginal seat, he would have had to have done a lot more! He's spending a lot on his campaign, but I don't like junk mail! TBH, I don't know who I'll vote for: - I don't know all the candidates, let alone if I should vote for any of them. I don't think any of them are worth voting for!

I must be getting cynical in my old age! That must be Jack's influence on me!
