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Its interesting(to me anyway) that the Labour Party as a whole is viewed on here as just TB.
It's because of Blair's presidential leadership style. He sits in parliament far less than his predecessors and the trade unions were effectively pushed out in 1997. The real power lies with him and his close circle of advisers.
Jack Straw even mistakenly referred to TB as 'head of state' once
Originally Posted by camk
I don't suspect though that a board like this is reflective of the common man/woman on the street across the UK.
I suspect it isn't, but the TB 'presidency' is universally acknowleged by political commentators.
in brief.....hows the country supposed to have any money if theyres lower tax. and it would b the same for whoever was in power, so no point worryin about it
I've got a novel idea for you - rather than raising taxes to generate more cash that can then be squandered generating jobs for the boys, why not maintain taxes as they are (were) and look at more efficient ways of using the money they (did) have to actually generate an improved situation for society as a whole.
Les - if the economy continues to grow steadily at such a comfortable rate it will never be a problem. The fantastically low level of interest rates and absence of boom-bust cycles should ensure this. The US economy is based on this growth premise too. Note that the UK current account deficit is under a tenth of the US's. Not what I would call cause for concern then.
Suresh,
Not a macro economist, but doing his best
So your ignoring the parallels between today, and the beginning of the last recession? Rapidly increasing house prices, people borrowing against the equity etc etc?
Ignoring the ever decreasing buffer in the balance of payments too eh?
Its just basic economics that this level of growth is not sustainable.
All that and the fact that Bliar has had little or nothing to do with the finances of this country, its Browns doing, non?
Oh and as for the four letter word, rhymes with berkely hunt.