Cheerio then Clive, but you've been called out to find evidence of when the Tories were warning that the UK was heading for the rocks in what became known as the credit crunch, and you can't find it (because it ain't there) - put simply, they didn't foresee it and would have done the same. You still refuse to acknowledge the debt structure and graphs I've sourced for you, because it doesn't support your blind narrative. I'm sure everyone can see that.
I've provided you a list of the capital programmes they cancelled and suspended, and that (I'm afraid) is the best they could come up with. It's hardly substantial is it?. Gareth Bale costs more than most of these projects which we're being led to believe were bankrupting the UK. Some of these cancelled projects were more related to dogma anyway such as the Future Jobs Fund. The Tories cancelled it yes, but replaced it with another one which focused on the private sector, the net saving was negligible. You might recall that particular scheme collapsed as, (predominantly retailers) withdrew from it when the SWP (of all groups) successfully shone a bright light into the murky employment practises that it was concealing. With their reputations at stake, the employers accepted that they'd been caught out trying to obtain cheap labour in unskilled work, with next to no training progression, and withdrew.
The deficit rose because of a massive deterioration in the economic climate caused by the collapse of the banking system and need to refloat it. This created a perfect storm as obviously it involved the direct loss of tax revenues, and increased the consequential spend on direct and indirect benefits associated with unemployment. This is where I'd take issue with Benny, as I doubt a rainy day fund could have been built up capable of absorbing all these 'hits'. The Tories would have faced the same. It wasn't caused by extravagant spend on capital programmes. The coalition suspended many of those they suspected of being the cause, but ultimately reintroduced them. Will you at least confirm that HS2 costs more than the combined total. Whilst you're at it, will you also confirm that their frankly idiotic decision to sponsor a civil war in Libya also cost more than the entire capital budget cut? the ramifications of which are washing up on Italy's coast of course
I've provided you a list of the capital programmes they cancelled and suspended, and that (I'm afraid) is the best they could come up with. It's hardly substantial is it?. Gareth Bale costs more than most of these projects which we're being led to believe were bankrupting the UK. Some of these cancelled projects were more related to dogma anyway such as the Future Jobs Fund. The Tories cancelled it yes, but replaced it with another one which focused on the private sector, the net saving was negligible. You might recall that particular scheme collapsed as, (predominantly retailers) withdrew from it when the SWP (of all groups) successfully shone a bright light into the murky employment practises that it was concealing. With their reputations at stake, the employers accepted that they'd been caught out trying to obtain cheap labour in unskilled work, with next to no training progression, and withdrew.
The deficit rose because of a massive deterioration in the economic climate caused by the collapse of the banking system and need to refloat it. This created a perfect storm as obviously it involved the direct loss of tax revenues, and increased the consequential spend on direct and indirect benefits associated with unemployment. This is where I'd take issue with Benny, as I doubt a rainy day fund could have been built up capable of absorbing all these 'hits'. The Tories would have faced the same. It wasn't caused by extravagant spend on capital programmes. The coalition suspended many of those they suspected of being the cause, but ultimately reintroduced them. Will you at least confirm that HS2 costs more than the combined total. Whilst you're at it, will you also confirm that their frankly idiotic decision to sponsor a civil war in Libya also cost more than the entire capital budget cut? the ramifications of which are washing up on Italy's coast of course
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