Tory Deficit reduction Strategy a farce?

[Gromit]

The Government didn't really have any option but to bail out the banks to the tune of £850billion (£5,000 for every family in UK). The newly Nationalised banks were to be re-privatised in the future, when the economic climate is better, and we could realistically expect to get most of our money back.

Now, George Osborne the Shadow Chancellor has announced "People's Bank Bonus' where shares in Northern Rock and the rest will be flogged off at cut price, with extra discounts 'for target groups'.

Doesn't seem like a terribly good idea myself, but then I have very little faith in Mr Osborne.

Is the Tories Deficit Reduction Strategy now a certified farce, as someone has suggested?

http://www.dailymail....tate-owned-banks.html

[BillyBB]

"The Government didn't really have any option but to bail out the banks to the tune of £850billion" it absolutely did and absolutely shouldn't of.

Torys are exactly the same as NuLabour so no faith in Cam or Os here either. No credible plan to sort out the hole in UK finances. We will all be paying for decades.

Napoleonic war, ridiculous comparsion. Rolls eyes. Idiot economists that got us into this mess. All govt can do is steal from everybody to give to their favourites, the money they steal would save more jobs across the country and lead to higher proper growth if left with us.

[Gromit]

Another ill thought out Tory 'policy'.

the Daily Telegraph has since pointed out that these semi-nationalised banks have 3 million small shareholders who would lose lots of money under Osborne's plan. So that could be 3 million votes lost. I suspect we will not hear much of this, this side of the election.

[Gromit]

http://blogs.telegrap...-the-tories-3m-votes/

[bibblebub]

As someone on the radio pointed out at the weekend, we already own these banks so the Tories want to sell us what is already ours.

[McMouse]

Bully Brown had the brass neck to tell the Greeks they should sort out their economy by drastic cuts in borrowing and public spending! He hasn't the courage to do what's necessary to sort out UK.