Quote: Sal Paradise "We have very interest rates which keeps mortgages at very affordable levels we have very low inflation numbers, so whilst wages may not have grown household costs have actually dropped - lower fuel costs, lower food costs etc.
Lower corporation tax means company's have more available cash to invest - if you believe Keynes that is the start of growth in the 10 year cycle - whilst they may not give a damn they will if it keeps them in a job or it means the company has the available cash to pay them?
This is a culture that encourages the best to progress where earnings are basically limitless - so if you are really good this is a great country to maximise the earning potential of your skill set. Why else would so many want to come here as opposed to France, Italy, Spain, Greece, Holland Belgium?
Are you saying crime levels are rising?'"
Where are you measuring from ?
Yes, we have extremely low interest rates but, they were at 0.5% in 2009, so no credit to the Tories for that and wages have been largely stagnant over the same period.
The only social group that is better off, compared to when the Tories cam to power are the over 65's, so , I just dont get where you believe that we are in a better position.
Finally, could you please point out which household costs have reduced over the last 7/8 years as I'm really struggling to find any.
Having said all of this, I dont think that anyone really believes that Labour would control national expenditure better than the current government and their plans to re nationalise some of the utilities is quite scary, although, this is irrelevant as they will be nowhere near in the forthcoming election.
The major benefit for most people has been the extremely low cost of borrowing, which has given many people more cash in their pockets but, the interest rates "crashed" before the Tories came into power.
The danger with the interest rates, though, is the alarming levels of personal debt and IF, inflation starts to increase more quickly, interest rates would have to increase and this would have a massive effect on our potential for growth.