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(And that’s not just party political boasting either!)
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(And that’s not just party political boasting either!)
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Given 2001 Brown was able to run a surplus, why did he run a maxed-out deficit continually for half a decade prior to the financial crisis?
We were growing, there had been no downturn. So why wasn't there a balanced budget? Why were there no savings put aside for the next inevitable recession?
Or did Brown eliminate boom and bust so there would be no future recession and no need to put aside for it? Pah!
So why enter the recession with an already maxed out deficit?
More significantly, perhaps, he calls for a referendum on Brexit or an election.
https://twitter.com/jeremycorbyn/status/1154452449123622915
Disagree with your description of the 2109 LDs, but understand why you said it.
https://en.wikipedia.org/wiki/Early_2000s_recession
And "maxed out deficit" is not an economic term. There is no actual credit card. Household economics does have its limits.
https://twitter.com/ProfTimBale/status/1154699702778155008?s=20
Lib Dem 508
Lab 47
SNP 37
Con 27
Green 1
NI 18
We can but dream....
But there will be a price. Boris will be forced to backtrack on his promise to leave on October 31, and his credibility will thus suffer what in all likelihood will be a fatal blow. Farage will instantly go into betrayal mode and the ERG will follow.
There is not time for an election by 31 October unless Boris recalls parliament and kicks off the process now. Even if he starts it at the beginning of September the election could not be until mid-October at the earliest and the opposition parties would, quite reasonably, say that we cannot be faced with a no deal cliff edge a few days after polling day. If Boris is to get the required 2/3 majority to call an election he will have to seek an extension of A50 the length of which will be dictated by Labour and the EU - I guess they would probably go for at least 6 months, perhaps longer.
The FTPA has taken away the PM's power to call an election - it's incredible how many journalists and other chatterers seem not to understand that.
https://www.nytimes.com/2019/07/25/opinion/boris-johnson-britain.html
https://twitter.com/PhantomPower14/status/1154722746217226240
Here is the manifesto from two years ago, so presumably this with a few changes to reflect newly adopted policies.
I quite often wonder where we'd be if Brown had kept to the strategy of 1997 to 2001. Economically and politically things seemed pretty good over those years, why tinker? I suspect we would have been a lot better off come the crash, and Brown himself might well have had the confidence to call and win an election before 2010.
Boris is going to crash and burn and he is going to take Brexit down with him.
http://blog.whatscotlandthinks.org/2019/07/could-brexit-yet-undermine-the-future-of-the-british-state/
That would provide plenty of time to call an election befoe 31st October. Where Boris goes for No Deal (although, ironically, with a deal with Farage that the Brexit Party won't stand candidates). Whilst Labour, LibDems, Greens, SNP and Plaid can all fight over whether they would revoke Article 50, have a second referendum (which they might or might not honour, depending on the outcome) or Rejoin if Boris wins.
Every time Boris opens his mouth he is likely to create more of them.
Did anyone seriously think England would let Ireland win this one?
You guys have a problem: we all know what you are against, Brexit. But what on earth are you for? Short and snappy, a la Tony. Don’t be shy.
I would argue after and especially in the case of no deal, he will be on the stump with the message that the country needs lots of money spent and nationalisations galore to protect jobs because of the Nasty Tory do deal Brexit.
The deficit expanded between 2002 onwards, so was not countercyclical. Come 2007 we'd had over half a decade of global economic boom.
And yes given the commitment we had made to keep deficits below 3%, Brown had maxed out the deficit. It was permanently above 2% so he could say it was below 3% which is fine as a long term average but not as a boomtime deficit to enter a recession with.
I think that potential for confusion gives Johnson a great chance of winning a majority.
'the greatest political union ever'
Reminiscent of the style of another hyperbolist, can't quite put my finger on who it is though.
Under PM May the Irish were crushing the English.
Under PM Boris the tables were swiftly turned and led to an Irish collapse.
"BOLLOCKS"
What I want is Brexit is seen as such an error that UK ends up rejoining the EU replete with membership of the Euro PDQ.
The reaction of Leavers would be awesome.
https://twitter.com/NickTimiraos/status/1154732465711435777
Q4 adjusted from 2.2% to 1.1% seems pretty substantial.
https://en.m.wikipedia.org/wiki/Propaganda_of_Fascist_Italy
1. PR
2. take a toke of this Camberwell Carrot man
3. BOLLOCKS!
What does PM Vicky Pollard do with the other 4 years 8 months in government?
Shouldn't you be watching FP2 ?
And remember - don't forget to tip whoever's quickest in FP3 for pole.
Hot and sunny today though.
What we had was England mental fragility in their first innings, Ireland showing inexperience in first innings, England posting adequate total balance n second but some not turning up, and total emotional collapse by Ireland chasing a gettable total for first Test victory. Nothing to do with the man in charge of the roller, for goodness sake.