NuLabour audit

[anonymous-user]

no need to wait for the IMF to audit the books, use the governments own figures...

                                         1997   2007   2010

National Debt (Bn)                       348bn  500bn  776bn

Budget Deficit (Bn)                      0bn    84bn   171bn

Unfunded public pension liabilites       270bn  730bn  886bn (2009)

Inflation (RPI)                          3%     4.5%   4.4%

Personal Debt (Bn)                       503bn  1346bn 1460bn

FTSE                                     4800   6500   5200

Industrial Production 10Year Ann Average +1.7%  +0.1%  -1.6%

Manufacturing Prod 10Year Ann Average    +1.9%  +0.5%  -1.1%

Balance of trade (Bn/yr, + is surplus)   +4.4   -44.9  -34.2                         

edited for formatting, add balance of trade and correct ftse

Edited by fbrs on Friday 14th May 18:09

[anonymous-user]

Apparently that Alistair Campbell considers that a success.

[anonymous-user]

excel789 said:

Apparently that Alistair Campbell considers that a success.

well its certainly a record

[Jasandjules]

Anyone with half a brain knows that the country is f***ed for the next 10 years or so to pay back the borrowing that Winky took out. Unless people really do think that we can spend and spend and spend on public services without any requirement to pay it back...

[Tsippy]

Jasandjules said:

Unless people really do think that we can spend and spend and spend on public services without any requirement to pay it back...

Those people are known as Socialists, and yes, they still believe we can spend,spend, spend

I am on another forum infested with left-wing prats and it is painful trying to explain the basics of money to them

[jules_s]

fbrs said:

excel789 said:

Apparently that Alistair Campbell considers that a success.

well its certainly a record

Where did you get those stats from?

[Evangelion]

The country needs to get the message: Labour think they can solve any problem just by throwing money at it.

[rpguk]

Interesting figures. Where did you get them from? I'd love to run them by a few friends

[jules_s]

Evangelion said:

The country needs to get the message: Labour think they can solve any problem just by throwing money at it.

Yep,

Hopefully the OP will post some figures so we can all take a good look.

[MyWorkIsDone]

jules_s said:

Evangelion said:

The country needs to get the message: Labour think they can solve any problem just by throwing money at it.

Yep,

Hopefully the OP will post some figures so we can all take a good look.

I think we already know....

[anonymous-user]

lots of these are from bloomberg pro, in the brief time i have before i go get drunk i've tried to find web links that substantiate the trickier ones. things like the FTSE are a simple matter of record you can just google. for IP and MP its all ons data.

National Debt http://www.ukpublicspending.co.uk/downchart_ukgs.p...

Budget Deficit http://www.debtbombshell.com/britains-budget-defic...

Unfunded public pension liabilites - this is the fun one!
http://www.actuaries.org/EVENTS/Seminars/Brighton/...
http://www.management-issues.com/2006/8/24/researc...
http://www.hm-treasury.gov.uk/d/foi_publicservicep...
http://www.parliament.the-stationery-office.co.uk/...
http://www.bnac.org/files/BNAC%20Release%20on%20pu...
http://www.cps.org.uk/cps_catalog/the%20hidden%20d...

Inflation (RPI) bbg/ons stats

Personal Debt http://www.grant-thornton.co.uk/press_room/uk_pers...

FTSE - you can google that

Industrial Production - bbg/ ons data

Manufacturing Prod - bbg/ ons data

ok i'm bored now... off to massive attack


ps i have no political axe to grind, although i despise brown for his arrogant incompetence, i would not call myself a tory, didnt vote for them, don't even live in the uk and welcome anyone correcting the figures.

Edited by fbrs on Wednesday 12th May 00:20

[jules_s]

MyWorkIsDone said:

jules_s said:

Evangelion said:

The country needs to get the message: Labour think they can solve any problem just by throwing money at it.

Yep,

Hopefully the OP will post some figures so we can all take a good look.

I think we already know....

I'm sure we/you/I do know too.

So let the OP post the '84-'97 stats from his/her source and lets have a chat about them.

Edit...the OP just did.

Edited by jules_s on Wednesday 12th May 00:28

[Mojocvh]

jules_s said:

MyWorkIsDone said:

jules_s said:

Evangelion said:

The country needs to get the message: Labour think they can solve any problem just by throwing money at it.

Yep,

Hopefully the OP will post some figures so we can all take a good look.

I think we already know....

I'm sure we/you/I do know too.

So let the OP post the '84-'97 stats from his/her source and lets have a chat about them.

why? do cut to the thrust please.

[anonymous-user]

jules_s said:

So let the OP post the '84-'97 stats from his/her source and lets have a chat about them.

if you want to post data from 84 feel free, i haven't. the data i posted shows what nulab inherited, where we were pre recession and where we are now. if you want to critique the thatcher government based on what she inherited feel free but im afraid i was way too young to remember any of that.

[Tangent Police]

I'm sure I just posted this, but it hasn't come up.

They can't make publish the true figures, otherwise it would play hell with the markets.

Proper full scale hell.

[jules_s]

fbrs said:

jules_s said:

So let the OP post the '84-'97 stats from his/her source and lets have a chat about them.

if you want to post data from 84 feel free, i haven't. the data i posted shows what nulab inherited, where we were pre recession and where we are now. if you want to critique the thatcher government based on what she inherited feel free but im afraid i was way too young to remember any of that.

I could do....but you already did that in an earlier post of yours:

http://www.debtbombshell.com/britains-budget-defic...

All good heh?

[Futuo]

Evangelion said:

The country needs to get the message: Labour think they can solve any problem just by throwing money at it.

Only as long as it's our money and it's Labour voters receiving it i.e. doleys and parasite public sector types.

[DJC]

Qualified Lead Auditor here.

Ill do it for free

And Jules, auditing the Uk 84-97 has been done, many many times. The result is an almost unanimous verdict of a massive increase in wealth, productivity, asset value and cash flow. The one area where that is not the case is manufacturing. Unfortunately manufacturing in the UK quite simply shot itself in the foot during the previous 2 decades to 84. The total investment across the industry was incompetently low, the quality of management input was tragically comic and by the early 80s the only outcome was going to be a literal decimation of the manufacturing base. All of which saddens me greatly as I have a personal and professional stake in it.

[MyWorkIsDone]

fbrs said:

jules_s said:

So let the OP post the '84-'97 stats from his/her source and lets have a chat about them.

if you want to post data from 84 feel free, i haven't. the data i posted shows what nulab inherited, where we were pre recession and where we are now. if you want to critique the thatcher government based on what she inherited feel free but im afraid i was way too young to remember any of that.

i'm not, I lived through the Wilson years

Should we discuss the strikes, the powercuts and the waste piling up on the streets now or later?

[AstonZagato]

fbrs said:

no need to wait for the IMF to audit the books, use the governments own figures...


1997 2007 2010

National Debt (Bn) 348bn 500bn 776bn

Budget Deficit (Bn) 0bn 84bn 171bn

Unfunded public pension liabilites 270bn 730bn 886bn (2009)

Inflation (RPI) 3% 4.5% 4.4%

Personal Debt (Bn) 503bn 1346bn 1460bn

FTSE 4800 6500 3900

Industrial Production 10Year Ann Average +1.7% +0.1% -1.6%

Manufacturing Prod 10Year Ann Average +1.9% +0.5% -1.1%



apologies for stupid ph formatting

Edited by fbrs on Tuesday 11th May 20:49