As has already been said on here, before the crisis, the Tories were proposing to match Labour's spending. Cameron was saying that whilst the economy may be ok, "society was broken." Gus O'Donnell the head of the civil service under Major, Blair and Brown has said that the civil service didn't see the crisis coming.

I think some blame can be attached to a Labour government not regulating the banks, but the zeigeist was "the market is always right" As with many of this country's ills, the banking crisis can be traced back to Thatcher.

The British economy shrank 7% in 2008/9, the deficit was a product of that reduction. TBH I reckon Darling did well to pull the economy through that and nurture some growth. Osbourne killed that growth stone dead. He and Dave the Kipper should pay the price at the next election. I sincerely hope they do.

As an added vindictive bonus I'd like to see Clegg kicked out of Sheffield too. That'd larn 'im!

...and those greedy disabled people.





I think we're keeping immigrants in reserve for another spin-day.

Vicky Redwood, chief UK economist at Capital Economics, said the figures boded ill for the rest of the year, particularly because of the effect of the Queen's Jubilee holiday: "Given the negative impact of June's extra bank holiday, GDP is likely to have contracted again in the second quarter."



[url=http://www.bbc.co.uk/news/business-18623199Full story[/url



One day is likely to screw up 90 odd? When people spent the day shopping or in the pub? These people are just guessing, aren't they?



Fred Karno really does appear to be in charge.

Clearly I don't agree. We were not in danger of recession and we certainly didn't need the six years of overspending that followed.



Whilst I failed to get a decent explanation for the overspending on this thread I have spotted one on another [url=http://viewtopic.php?p=16983265&tsmp=1341065643#p16983265thread[/url:











Again I ask who, other than you, is making this claim?

Quote Chris28="Chris28"Fred Karno really does appear to be in charge.'" TBH I wonder if anyone is in charge having seen this: www.guardian.co.uk/politics/2012 ... intcmp=239 from about 6 miinutes in. Perhaps the Downing Street cat is running things. The government borrowed an extra £3bn in May because of extra dole and less tax coming in. But according to this young lady there's £4bn underspend floating about somewhere - at least that's how I understood her. But then she said in May that the fuel duty rise would produce £1.5bn and now its cancellation will only cost £500m. All very confusing. Labour were once again attacked last night on Any Questions for leaving a huge deficit but as Chuka Amunna said, we did leave a plan for dealing with the deficit (the Darling budget) and we left a growing economy not a recession. The current state of affairs is all Mr Osborne's own work.

Quote Chris28="Chris28"Fred Karno really does appear to be in charge.'" TBH I wonder if anyone is in charge having seen this: www.guardian.co.uk/politics/2012 ... intcmp=239 from about 6 miinutes in. Perhaps the Downing Street cat is running things. The government borrowed an extra £3bn in May because of extra dole and less tax coming in. But according to this young lady there's £4bn underspend floating about somewhere - at least that's how I understood her. But then she said in May that the fuel duty rise would produce £1.5bn and now its cancellation will only cost £500m. All very confusing. Labour were once again attacked last night on Any Questions for leaving a huge deficit but as Chuka Amunna said, we did leave a plan for dealing with the deficit (the Darling budget) and we left a growing economy not a recession. The current state of affairs is all Mr Osborne's own work.