More Balls ?

[youngmafbog]

so Balls wants to spend spend spend, he also is now in denial about labour and the economy. In some respects he may have a point but does anyone really believe him, he is after all party of the 'old crew'.

and will he stand firm against his Union paymasters?

[FredPuli43]

If he wants to be elected, he'll do as Blair did; smile politely at the unions and then ignore their demands. The electorate doesn't like the idea that they are being governed by a few trade union leaders and not the people they elected.

[jno]

the electorate doesn't seem very chuffed to have their interest rates decided by gambling bankers either. Is anyone of any party planning to do anything about this?

[youngmafbog]

Interest rates are not governed by gambling bankers, the Bank of England set the base rate independently. LIBOR is the interbank rate and, as a point of interest, the recent 'rigging' actually reduced the interest rate.

So why are the public so incensed?

[Quizmonster]

I believe Ed Milliband said yesterday that Labour, if elected in 2015, would ensure that the 'casino' element of banks was separated from their 'High Street' element. And high time, too!
And as for Labour/Balls being "in denial about...the economy", he is no more so than every Tory-supporter in the land. None of them appear to grasp the extent of the evils visited upon us by bankers worldwide in the past five years.
I refer to (a) the sub-prime mortgage scam which put paid to Lehman Brothers as well as Northern Rock and seemed to set the whole global financial crisis in train...(b) the PPI scandal...(c) the LIBOR fix...(d) the bonus scandals and so on.
I presume the reason right-wingers can't 'see' these indisputable facts is because the very people who perpetrated these crimes were all bankers...ie the Tories' paymasters!

[Gromit]

Osborne's austerity has only led us back to recession. This has resulted in the tax rake reducing considerably as businesses are failing in record numbers. At the same time, the Government's costs in benefits are escalating as no new jobs are being created.
All of which might be worth it if Osborne was paying off our debts rather than borrowing even more money.
The only reason they are getting away with it is the hundreds of billions of pounds of Quantitative Easing which is just magicing money out of free air and is unsustainable.

[Gromit]

Youngmafbog

Do you think the Government is not spend, spend spending the 4G money? Most of it has aleady been fritted away and no jobs have come from it.