| Topic: | Re:Re:Re:Is Inflation the inevitable result of the Devaluation of the Gordon Brown Pound ? | |
| Posted by: | David Giles | |
| Date/Time: | 09/11/09 11:34:00 |
| I think inflation is now once again a serious concern- as it has been under previous Labour Governments. Has anyone noticed how the price of petrol has gone up lately partially because of the decline in the purchasing power of the pound against the dollar ? In all fairness to the Conservatives, they have been opposing Labour's public spending and waste in most areas- apart from Health, Overseas Aid and Defense- since 1997. The Lib Dems, in contrast, in contrast have generally gone along with Labour's expansion of the public sector and public expenditure and debt.Vince Cable, being a trained economist with practical business experience, is impressive at times but he is not always right and for most of the past 12 years Lib Dem economic policy has been similar to Labour's. The Lib Dems must also share with Labour the blame for reneging on manifesto commitments regarding a referendum on the new EU Constitution as embodied in the Treaty of Lisbon. We are facing hard times now and harder times in the future. Unfortunately, once again it will be up to ther Conservatives to fix the mess Labour has got us into - and take the blame- as they did after 1979. David Cameron faces huge challenges. |