Comments by "Greg Greg" (@SlowhandGreg) on "‘Two sides of the same socialist coin!’ | Richard Tice slams current state of the Tories and Labour" video.

@belindataylor4600 debt to gdp was 62% when Labour left office for most of their term it was 40% the rise was due to the banking bail outs Debt to gdp by 2016 was 82% Austerity was still crushing the economy Osbourne decided to lower corporation tax it produced no visible increase in economic activity and went straight to debt by 2016 debt ratio was 92% so in today's money 10% represents 310 billion where now at 99% debt to gdp and to pay for Trickle down and Austerity policies that haven't worked for 13 years your tax base will rise from 33% to 37% The only time the tax base has been lower in the last 3 decades was the short period of 2016 to 2019 at 32% which added billions to debt
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@lindark28 Last time labour were in power the NHS worked and wages grew in real terms 13 years of Austerity Trickle Down Supply Side economics (AKA Thatcherism) and were all screwed not just the economy
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@bobsocks7575 Back in 2012 multiple Economists where flagging that the UK Austerity program was strangling the economy. Instead of an Economic Multiplier of 0.5 as originally forecast by the OBR the actual figure was found to be 1.7 and the IMF of all people where telling them. At that point with no plan B Austerity became government policy to shrink the state rather than recover the economy. quote from the IMF in 2012 The damning new report from the International Monetary Fund makes it clear that the UK recovery has stalled and will prove to be a major blow to Chancellor George Osborne, especially following the downgrading of forecasts for growth in the UK economy to just 0.2%. The stark warning from the IMF is Plan A isn’t working and they appear to have given the Government until Christmas to change course. Where still with PLAN A the Tories haven't moved on from Thatcher and the result is a skip fire for an economy. I've read Reeve's speeches the woman knows what she's talking about and its not radical its a take on Keynesian demand side.
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Its empty promises you can't make Brexit work it was only ever designed to patch the Tory party together its an ideological dead end Nothing alters the fact that due to trade gravity Europe will be our biggest importer and exporter so putting up trade barriers then hiring millions of staff from India to plug worker shortages then pretending you can suddenly sell stuff half way round the globe at a competitive price is completely delusional. The Tories have totaly fked the economy now we're paying with higher taxes and higher food prices there's a de facto border down the Irish sea and double the number of Asylum claims. Claiming that there not doing it right is bollox Global Britain = Complete globalization unfettered market access to any country round the world to our economy and unlimited inward migration to suppress wages the rich will get disgustingly wealthy and fk everyone else
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