Topic: | Re:Conned by the Tories | |
Posted by: | Toby Lovern | |
Date/Time: | 01/09/05 12:43:00 |
Somewhat predictably, since the election we have learnt that the "conning" is coming from the current incumbent of Number 11... namely: 1. Breaching the 'golden rules' on borrowing by arbitrarily re-defining the 'economic cycle' to allow an extension to the cycle and thus avoid having to explain the breach of borrowing limits 2. Breaching the Euro limit on borrowing for the second year: http://www.timesonline.co.uk/newspaper/0,,173-1758917,00.html 3. Admitting that actual economic growth is way off the predicted rate, despite criticising anyone who said so in the election campaign including the ‘100 club’ of world renowned economists 4. Manufacturing has now had it's longest downturn since the 1970's with over 1m manufacturing jobs lost since 1997 5. The Inland Revenue have now been forced to admit wasting over £2B on welfare payments that were not due 6. The rate of public sector inflation (4.5% this year) is now so high it's put headline inflation up to 2.6% despite drops in the RPI 7. Admitting tax receipts are growing considerably less than his budget predicted, thus increasing the need for a tax rise to cover the £37B hole So who trusts Gordon Brown now then? |