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| Quote wrencat1873="wrencat1873"Borrowing on the never, never is what got us to where we are now.
Hell, we've just had 10 years of austerity to try and reduce the nations debt and now you are advocating borrowing more, interesting.
What we will find out is that despite all of the Brexit rhetoric, all of those EU immigrants weren't actually the problem but, that they were a handy scapegoat.
Despite all of the "strong and stable", "get Brexit done" tag lines, our economy is not strong or stable and Brexit is just a smokescreen.'"
Can I just ask where have I advocated spending more?, I assume it may have been my comment "it would be rude not to" with regards to the low interest rates, theses were the comments of a A financial expert in answer to what Johnsons views may be on future spending.
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Club Owner | 16281 | Warrington Wolves |
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Oct 2004 | 21 years | |
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| When the interest rate at which government can borrow is lower than the rate at which the private sector is borrowing, and the private sector is not investing, it makes sense for government to fill the gap.
If the investment is used on infrastructure projects that improve the UK's production capacity then you can get a higher return (through future taxes) than the repayments of the debt, so it isn't necessarily "burdening future generations", any more than a private company borrowing to finance productive investment burdens future shareholders.
If the money is squandered...well thats a different matter.
Also where government debt is held by UK institutions, when the government repays the debt it isn't money lost to the economy, it gets paid in to the private sector.
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International Chairman | 18094 | No Team Selected |
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| My son works for a prominent merchant bank in the US and their view is before long the UK will be getting paid to borrow money
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| Quote Sal Paradise="Sal Paradise"My son works for a prominent merchant bank in the US and their view is before long the UK will be getting paid to borrow money'"
And yet Jeremy Corbyn was going to "crash the economy" through borrowing.... 
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| Quote sally cinnamon="sally cinnamon"And yet Jeremy Corbyn was going to "crash the economy" through borrowing....
'"
The UK is seen as a safe bet because it has a reasonably stable economy with a good balance between public and private ownership and borrowing levels that are credible - perhaps under Labour these factors would have been significantly negatively impacted which would have changed the outside world's view of lending to the UK 
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Player Coach | 4655 | Wakefield Trinity |
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Mar 2010 | 15 years | |
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| Quote sally cinnamon="sally cinnamon"And yet Jeremy Corbyn was going to "crash the economy" through borrowing....
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From the Torygraph, 2 days ago...
Quote sally cinnamonWhisper it, but is this Government socialist?
In his Budget, the new Chancellor Rishi Sunak ripped up 10 years of restraint and started spending on a scale that might have made even Gordon Brown blush.
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| Quote King Street Cat="King Street Cat"From the Torygraph, 2 days ago...
'"
This is nothing that the Tories didn't say wouldn't happen. Maybe I missed it but was there an announcement of mass re-nationalisation of utilities, trains, mail, the broadband service, national bank, repealing of union legislation - socialism in action - the state/Len controls your life!!
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International Star | 18001 | Wakefield Trinity |
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Apr 2011 | 14 years | |
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| Quote Sal Paradise="Sal Paradise"This is nothing that the Tories didn't say wouldn't happen. Maybe I missed it but was there an announcement of mass re-nationalisation of utilities, trains, mail, the broadband service, national bank, repealing of union legislation - socialism in action - the state/Len controls your life!!'"
No, you havent seen all of this yet but, it's spend, spend, spend on the never, never and they have taken back control of part of the rail network - thin end of the wedge eh ?
Looks like the Coronavirus will be the ultimate test and despite looking like they were in control, notably lining up to scapegoat the chief medical officer, their "open chequebook" to businesses and the wider public to cover any shortfall, is classic left wing comment and it isn't going to happen.
The government wont be the insurance policy for the nation but, so full of schmidt is Johnson, that he has made some promises that wont and cant be kept.
He's the most left wing Troy leader that we've had for a very long time and the cracks are now starting to appear.
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| Quote wrencat1873="wrencat1873"No, you havent seen all of this yet but, it's spend, spend, spend on the never, never and they have taken back control of part of the rail network - thin end of the wedge eh ?
Looks like the Coronavirus will be the ultimate test and despite looking like they were in control, notably lining up to scapegoat the chief medical officer, their "open chequebook" to businesses and the wider public to cover any shortfall, is classic left wing comment and it isn't going to happen.
The government wont be the insurance policy for the nation but, so full of schmidt is Johnson, that he has made some promises that wont and cant be kept.
He's the most left wing Troy leader that we've had for a very long time and the cracks are now starting to appear.'"
Cracks appearing in your wishful thinking mind.
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Club Owner | 16281 | Warrington Wolves |
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| Quote Sal Paradise="Sal Paradise"The UK is seen as a safe bet because it has a reasonably stable economy with a good balance between public and private ownership and borrowing levels that are credible - perhaps under Labour these factors would have been significantly negatively impacted which would have changed the outside world's view of lending to the UK
'"
The Conservatives made this argument during the 2010 election campaign.
It was later while Osborne was in charge and doing austerity, that the UK's credit rating got downgraded.
Also if you want the UK to be seen as a safe bet with a stable economy, why would you even consider no-deal Brexit!
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Club Owner | 16281 | Warrington Wolves |
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| Quote wrencat1873="wrencat1873"No, you havent seen all of this yet but, it's spend, spend, spend on the never, never and they have taken back control of part of the rail network - thin end of the wedge eh ?'"
The OBR described it as the biggest Budget giveaway since 1992.
1992 was when Norman Lamont was Chancellor, that was the Tories pre-1992 election spending splurge.
Now you might have been led to believe that Labour were the big spenders, so its interesting to see that no Budget from Gordon Brown or Alastair Darling was as generous as either this one from Rishi Sunak or that Norman Lamont one.
The austerity argument was always that it was reckless for Labour to have 'bankrupt the country' by spending too much just before a recession hit. Rishi's spending decisions look odd when judged by the same standards.
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