Labour plans would bankrupt the economy again

Labour, like the Bourbons, have forgotten nothing and learned nothing.

The last Labour government let spending get out of control with the result that the national debt doubled to £1.2 trillion. When they left office they were spending £4 for every £3 raised in taxes and the country was spending more to just to pay the interest on the national debt than on schools.

Have they learned anything from this? Apparently not.

 Treasury analysis of Ed Balls’ policies shows that Labour would borrow £166 billion more in the next parliament

So having spent, borrowed and taxed our country into a mess, Ed Miliband and Ed Balls are proposing yet more spending, yet more borrowing and yet more taxes.
It would be funny if there were no possibilty whatever that these people, who wrecked the economy when they were last in office, might be back in government again in eighteen months.
 
Let us hope the British people have the sense to deliver something closer to the result the Labour party so richly deserve, which would be an election result in which almost every Labour candidate lost his or her deposit.
 
It’s the same old Labour. They have no long-term economic plan. And that would mean a less secure future for our country and for hardworking people and their families.
Our long-term economic plan is building a stronger, more competitive economy that will secure a better future for Britain and a more financially secure future for hardworking people, their children and grandchildren by:
 
 
  1. Reducing the deficit so we deal with our debts, safeguard our economy for the long term and keep mortgage rates low.
  1. Cutting income taxes and freezing fuel duty to help hardworking people be more financially secure.
  1. Creating more jobs by backing small business and enterprise with better infrastructure and lower jobs taxes.
  1. Capping welfare and reducing immigration so our economy delivers for people who want to work hard and play by the rules.
  1. Delivering the best schools and skills for young people so the next generation can succeed in the global race.
 

Comments

Post a Comment

Popular posts from this blog

Nick Herbert on his visit to flood hit areas of Cumbria

Please note that the post below was published more than ten year ago on 21st November 2009 Nick Herbert MP, shadow cabinet member for the Environment, Food, and Rural Affairs, was in Cumbria this morning to see the areas affected by the flooding. He writes on Conservative Home about his visit. Here is an extract. I’ve been in Cumbria today to see the areas affected by the floods. I arrived early in Keswick where I met officials from the Environment Agency. Although the river levels had fallen considerably and homes were no longer flooded, the damage to homes had been done. And the water which had got into houses wasn’t just from the river – it was foul water which had risen from the drains. I talked to fire crews who were pumping flood water back into the river, and discovered that they were from Tyne & Wear and Lancashire. They had been called in at an hours’ notice and had been working on the scene ever since, staying at a local hotel. You cannot fail to be impressed by the
Read more

Quotes of the day 19th August 2020

Image
"Wise men profit more from fools than fools from wise men; for the wise men shun the mistakes of fools, but fools do not imitate the successes of the wise."  ( Cato the Elder , who lived 234 BC - 149 BC, quoted in "Lives" by Plutarch.) There is a similar saying by Germany's Iron Chancellor, Otto von Bismarck: Benjamin Franklin is supposed to have put the same saying in a more humorous form: "Wise men profit by the mistakes of others, while fools will not learn even from their own blunders." See also this thread on the "Quote Investigator" website . Let us all be wise and learn from the events of the last few days.
Read more

Quote of the day 24th July 2020

I was moved to put the passage below forward as a quote today when I saw a horrible post on twitter from someone writing that it was "excellent" that someone who took a different view from her about Brexit had died. I won't write which way round it was so that all the Remain supporters can assume the post was from a Brexit fanatic welcoming the death of a remainer and all the Leavers can assume it was a Remainiac welcoming one less Brexiteer. There's been plenty of nasty stuff on both sides but if you catch anyone of your own viewpoint  posting something like that who might listen to you, please do call them out on it - and point out that they're giving everyone on your side of the argument a bad name. Anyway, here's the quote from John Donne.
Read more