UK unemployment at 17 year high

[Magilla]

Unemployment has been high for the past 15 years, in fact probably for around the last 25 years.

 

With regards the New Labour miracle of reducing unemployment, they simply put millions of people of working age on incapacity benefits, created bogus education schemes (in fact just added to what the torys did before), and helped with the expolsion of higher education as a means of fiddling the stats.

 

They also created non jobs in the public sector and also helped with the growth industry of " people creating rules so proper businesses cannot grow "

 

Well put. Unemployment has always been high, but now there's no money left to fiddle the numbers and create non jobs.

[Grandad.Malky]

Well put. .

 

Don’t encourage him

[SimpyTimpy]

And if the blood sucking money grubbing national traitor Tory party hadn't sold out the British manufacturing Industry to make a fast buck for shareholders, New Labour wouldn't have had to continue to rely on the financial services sector to provide the economy with the money it needs to run things like say the NHS.

 

But instead the government would have had to continue funding manufacturing sectors that weren't generating a profit, and the free market created by joining the European Union would have resulted in people importing goods for cheaper than they cost when manufactured / mined in the UK?

 

Re-alligning the economy to be a predominantly services industry focused isn't really the problem here - it's the lack of regulation in crucial financial markets that resulted in the crash.

 

Interesting through hindsight isn't it? If we'd chosen to regulate more heavily against the banks, they probably would have moved their HQs out of London, and we would have suffered earlier on in the first place.

 

The main way we could have avoided this situation was from Global Policy decisions and regulations that weren't made. You can probably argue that UK Government should have pushed harder for such changes, but no-one truly foresaw the economic crisis (especially the magnitude)

 

As said earlier in the thread, governmental policy doesn't start to truly show it's impact on an economy for years - Tory/Lib Dem policies will start to show their results by the end of this parliament, giving votes plenty of data in which to make their decisions at the polls in 4 years.

[Grandad.Malky]

, giving votes plenty of data in which to make their decisions at the polls in 4 years.

 

I think they have enough data now thanks.

[Magilla]

Don’t encourage him

 

Credit where it's due. I don't agree with much he's posted but on this score he's not wrong.

[Rowan22]

But instead the government would have had to continue funding manufacturing sectors that weren't generating a profit, and the free market created by joining the European Union would have resulted in people importing goods for cheaper than they cost when manufactured / mined in the UK?

 

Re-alligning the economy to be a predominantly services industry focused isn't really the problem here - it's the lack of regulation in crucial financial markets that resulted in the crash.

 

Interesting through hindsight isn't it? If we'd chosen to regulate more heavily against the banks, they probably would have moved their HQs out of London, and we would have suffered earlier on in the first place.

 

The main way we could have avoided this situation was from Global Policy decisions and regulations that weren't made. You can probably argue that UK Government should have pushed harder for such changes, but no-one truly foresaw the economic crisis (especially the magnitude)

 

As said earlier in the thread, governmental policy doesn't start to truly show it's impact on an economy for years - Tory/Lib Dem policies will start to show their results by the end of this parliament, giving votes plenty of data in which to make their decisions at the polls in 4 years.

 

Strange then that Germany maintained a healthy vibrant manufacturing sector.

[SimpyTimpy]

I think they have enough data now thanks.

 

You've completely missed my point then - I understand other areas such as tuition fee increases (which the Liberal Democrats were naive enough to pledge they wouldn't increase) and general political views against Tories/Lib Dem, but any voting decision for the moment cannot be made on economic policy (if you want to see the full impact of them)

[SimpyTimpy]

Strange then that Germany maintained a healthy vibrant manufacturing sector.

 

That's true - but one thing about globalisation is that national economies have to focus on a select number of markets in order to promote growth in the economy.

 

Couple of theoretical cases:

 

(i) The UK maintains it's struggling manufacturing industry and manages to keep growth acceptable / good - would this have resulted in the same or better growth than which was achieved when the economy was re-alligned?

 

(ii) The UK maintains it's struggling manufacturing industry but due to high employment and land costs, finds it difficult to compete with highlight efficient economies such as Japan, Germany and cheaper economies such as India, Taiwan and China. This results in negative growth even in a fledging global economy

 

Or what happened:

 

(iii) The UK ceases incentives to struggling industries such as mining and manufacturing of certain goods, whilst promoting the manufacturing of complex goods (scientific devices, etc). The finance / services sectors grow at a high rate but due to lack of regulations / control, this results in London/UK being more highly exposed to the financial crisis than what would have otherwise been the case.

 

We as a country enjoyed unprecendented growth from 1997 to 2007, but unfortunately did not plan for, or predict the financial crisis. Perhaps we should have put more money to one side instead of increasing spending on public services. We did however all benefit from this increase in spending, but it should have been done more efficiently.

 

My point is that, pulling the subsidies from the manufacturing industries in the 70s/80s had a positive impact on the UK economy as a whole. As painful as it was to certain areas of the country.

[LadOnDole]

Don’t encourage him

 

 

 

Ha ha, you Labour Supporters don't like the truth.

 

Either that or you can't see the truth.

 

Are you one of these people whos non job is under threat by any chance?

[SimpyTimpy]

Ha ha, you Labour Supporters don't like the truth.

 

Either that or you can't see the truth.

 

Are you one of these people whos non job is under threat by any chance?

 

Not been following you on the forums, so this is the first thread I've seen you post in.

 

Your first post in this thread was quite sensible - this one just serves to discredit you.

 

You may view some of these jobs as unimportant, but do remember that those being made redundant will be going through incredibly stressful times, so try and show some consideration.