Quote:
Originally Posted by bitontheslide
labour didnt help by selling off all the countries assets prior to the fall. Gold reserves ... all sold .... government estates ... all sold .... telecoms companies, all ****ed purchasing the airwaves from the labour government
If you are running on empty, its gonna hurt when times are tough, and that was entirely labours fault.
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It might have slightly eased the landing but the fact is, any developed economy with significant links to the United States was sucked into that recession and there was literally no way for the UK, of all places, to avoid that. Better management might have shaved 0.5-1% off of the percentage figure but it would still have been recession... And also... We call it "the Labour trend" of selling off assets, but really it was the neoliberal trend sparked by Thatcher that set us off down that path, and David Cameron continued down it well past 2009 as well. Plenty of national assets down the drain since the Tories came back into power
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