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Thats because you actually think New Labour is totally different to the tories - they are not - which is why Blair and Brown in the end actually had thatcher round to no 10 for tea and cake! There's about as much difference between the two as there is between mild and mature Cheddar! You give...

I'm with you on pretty much all of this - Brown was dopey, he wanted to be PM so much he completely lost the plot on what was going on (but I would add globally you won't agree) You wait for the pensions mess to hit home in a few years - The housing market is soaked in what would have been...

The lie bit works both ways - if you don't think that most of the globe didn't get involved in the crash they you need to wake up. The crash was caused by financial institutions and world banks across the globe, Yes New labour did some stupid things but it was following on from what Thatcher did...

If you think thats what I inferred you need to read the thread again. The point was that One of the most stupid things New Labour did was to introduce tax credits - that was a big part of the over spending they did, people were getting thousands of pounds the country couldn't afford

Hampster - Osborne's austerity measures are only JUST starting - the effects will start to hit home after the next election in the next year. It took 3 years to get them through and in place.

A lot of people think they did http://news.bbc.co.uk/1/hi/business/7921123.stm

Where are we now? Genuine question - What specifically have Osbourne and Cameron done in the past 3 years that has made things better? The austerity measures they put in place are only just starting no, They put Vat up but what else???

Yes were you old enough to understand what happened?

I love your blind assumption of how power works. The MPC makes a independent decision based on what the targets are - specifically in the UK inflation but the BOE state, their full responsibility is to: The Bank’s monetary policy objective is to deliver price stability – low inflation – and...

What people need to remember is that despite being a crap Prime minister when the world economic crash came Brown actually came up with some sound financial moves that started a turnaround, lowering the base rate and Vat was sound and stopped people losing their homes - we expected them just to...

I don't know about it running sweetly but you are right about Osbourne and Cameron's driving

Tax Credits and working tax credits - a complex waste of money that encouraged divorce, separation and single parent families which in turn created a shortage of housing and house inflation, buy to let and increased rents which again made the housing situation worse which encouraged the banks to...

I'm not defending New labour but in 2008 when the WORLD economy crashed and created austerity across the globe New labour were only carrying on from where Maggie and Major left off They didn't change or curb anything that was being done when they took over in 97 they just complicated the tax...

She was only the grocers daughter but she certainly knew how to ruin the country

The foundations of the UK economic crisis were laid in 1986 - when the tories deregulated the banks and building societies. They then pretend they inherited the debt from New Labour (left wing tories) when in fact they were given a 1.4 % growth rate which they then took down to zero and then...