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UK unemployment at 17 year high

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Hiphip hurrah, a price worth paying, get on your bikes and look for work etc etc.

 

If the idiot labour lot hadn't spent all the cash on crap, there wouldn't be a problem.

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The political party named in the OP has nothing to do with it.

 

Labour was predicting a "jobless recovery" in 2009. The OECD and others agreed with them.

 

It's really crap isn't it? You know where to look for blame.

 

 

 

Yep, we all know it was the ConDems friends, the Bankers. Here's what Mervyn King the Govenor of The Bank of England blames:

 

 

'The price of this financial crisis is being borne by people who absolutely did not cause it'.

"Now is the period when the cost is being paid, I'm surprised that the degree of public anger has not been greater than it has."

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Have you actually read what you keep quoting?

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Yep, we all know it was the ConDems friends, the Bankers. Here's what Mervyn King the Govenor of The Bank of England blames:

 

 

'The price of this financial crisis is being borne by people who absolutely did not cause it'.

"Now is the period when the cost is being paid, I'm surprised that the degree of public anger has not been greater than it has."

 

Wasn't Mervyn King appointed Chairman of the Bank of England by Gordon Brown in 1998? And didn't Gordon Brown set up the FSA in 1997 to regulate banks and other financial services?

So perhaps when Mervyn King says, 'The price of this financial crisis is being borne by people who absolutely did not cause it' he is refering to the mess caused by Gordy.

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Have you actually read what you keep quoting?

 

 

Many times, have you!

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I have and I note that it doesn't mention bankers or the Coalition government. It doesn't exclude the previous government either.

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Highest level of unemployemntfor 17 years, who was in power in 94, let me think, oh yes the Conservatives who had then been in power for 15 years.

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If the idiot labour lot hadn't spent all the cash on crap, there wouldn't be a problem.

 

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.

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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.

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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.

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, 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.

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