The Labour Party Financial Strategy as devised by Tony Blair and Gordon Brown
I am the one on the LEFT of Gordon Brown
Tuesday 1 February 2011
Friday 14 January 2011
Ed Miliband Most Take Responsibility For Labour's Meddling
Ed Miliband must take responsibility at the Labour Party's meddling with Pensions and Banking Regulation. Most of the UK Banking crisis falls at Gordon Brown's feet.
Ed Miliband Will Not Gloat Over By-Election 14/1/11
But he remains in denial at his party's meddling with the Banking Regulation in the UK taking responsibility away from the Bank of England and introducing a light touch or no touch control systems. That system introduce by Gordon Brown Failed. Ed Miliband had been at the Treasury during the build-up to the credit crunch – and at a time when the Labour government gave Sir Fred Goodwin of RBS a knighthood.
Ed Miliband Will Not Gloat Over By-Election 14/1/11
But he remains in denial at his party's meddling with the Banking Regulation in the UK taking responsibility away from the Bank of England and introducing a light touch or no touch control systems. That system introduce by Gordon Brown Failed. Ed Miliband had been at the Treasury during the build-up to the credit crunch – and at a time when the Labour government gave Sir Fred Goodwin of RBS a knighthood.
Friday 7 January 2011
Ed Miliband On Radio
Ed Miliband the Leader of the Labour Party got a right grilling from Radio 2 callers when he was on the Jermey Vine shoe.
The general concensus was very clear in that he was criticised for his unconventional personal life and for his ruthless destruction of his brother David Miliband who was to all intents and purposes the heir apparent to the leadership of thje Labour Party.
Here is what some of the listeners who phoned in said:-
"What chance do I stand as a person in this country if you're quite happy to tread all over your brother to get to the top"
"How can we trust anybody who didn't even put hisname down as the father of his first child on the birth certificate"
Why hasn't he got married? Why hasn't he committed his life to his partner?
One Labour Party supporter accused him of not showing the required passion and he was then forced to admit that he had been "on a journey" since landing the job some 3 months ago.
He has already been under somewhat of an attack after writing an articlein the Times Newspaper stating that teh previous Labour Government of which he was a member were not to blame for leaving Britain woith such a substantial budget deficit.
A radio 2 listener Sian Williams soon rang in to complain abou this attitude. She said " I get really frustated when I see you on TV night after night with your grawling voice slagging off our present government who are doing their utmost to keep this country on its feet.Cuts have to be made. Most of the mess we're in now was called by your so called ten year government."
When pushed about the leadership struggle with his brother he said that the competition had been friendly and that he would welcome David back to Labour's front bench.
Wednesday 5 January 2011
Ed Miliband A Tax Expert ?
What can we say about Ed Miliband the new Labour leader and his view that the VAT increase from 17.5% to 20% is the wrong tax at the wrong time?
Could it be that Miliband is in fact the wrong leader at the wrong moment in history?
Before we consider that question we need to ask the key question what experience does Ed Milliband have to be able to make such a critical statement.?
What better policy or policies does he have to offer. What can he really bring to the country.?
Mr Milliband is critical of the coalition for "going to far and to fast" in reducing public spending and increasing indirect taxes. Yet his very own Labour Chancellor Allistair Darling had not ruled out the possibilty of changes to the rate of VAT when Gordon Brown was Prime Minister.
I believe that Mr Ed Milliband has to accept some basic home truths before he can criticise the coalition.
Firstly he needs to appreciate that it was his own Government who have brought such an economic disaster to Great Britain. I am sure we can all remember those amazing words of the last Labour Prime Minister when he was Chancellor of the Exchequer when he used to say on each budget day "no more boom or bust" and then he allowed such a boom and such a bust that has not been seen in the UK since the Great depression.
The previous Prime Minister Gordon Brown has to be remembered for many poor decisions and one of which was to sell 400 Metric Tons of the British Gold reserves at the lowest price for more than 20 years. The sale was inept to say the least. It was announced to the markets their intention to make the sale and in so doing undoubtedly substantially reduced the price that could have been obtained in the future as the intended impending sale over hung the market.
It would undoubtedly have been much better from a marketing angle to sell into a rising market.
The price obtained was less than US$ 300 an oz currently the price of gold in January 2011 is over US$ 1,400 a gain of some 400% or to the British Treasury a very substantial loss. Who was one of the key advisers to Gordon Brown during this time and sent various memos to the Bank of England asking for their support and blessing (which was not forthcoming) it was of course the new leader of the Labour Party.
The previous Labour Government have brought Great Britain to a severe economic deficit substantially of their own making or failure in financial supervision it is the same as it was on there watch that it all went wrong.
So Miliband has no claims to being an economic guru nor does he offer any policies but has the nerve to debate about the coalition policies.
We know that his judgement is a touch less than cautious as the last MP for Oldham East and Saddleworth Phil Woolas was appointed a shadow minister by Ed Milliband but then he lost the seat for smearing his Liberal Democrat opponent Elwyn Watkins during the general election.
Could it be that Miliband is in fact the wrong leader at the wrong moment in history?
Before we consider that question we need to ask the key question what experience does Ed Milliband have to be able to make such a critical statement.?
What better policy or policies does he have to offer. What can he really bring to the country.?
Mr Milliband is critical of the coalition for "going to far and to fast" in reducing public spending and increasing indirect taxes. Yet his very own Labour Chancellor Allistair Darling had not ruled out the possibilty of changes to the rate of VAT when Gordon Brown was Prime Minister.
I believe that Mr Ed Milliband has to accept some basic home truths before he can criticise the coalition.
Firstly he needs to appreciate that it was his own Government who have brought such an economic disaster to Great Britain. I am sure we can all remember those amazing words of the last Labour Prime Minister when he was Chancellor of the Exchequer when he used to say on each budget day "no more boom or bust" and then he allowed such a boom and such a bust that has not been seen in the UK since the Great depression.
The previous Prime Minister Gordon Brown has to be remembered for many poor decisions and one of which was to sell 400 Metric Tons of the British Gold reserves at the lowest price for more than 20 years. The sale was inept to say the least. It was announced to the markets their intention to make the sale and in so doing undoubtedly substantially reduced the price that could have been obtained in the future as the intended impending sale over hung the market.
It would undoubtedly have been much better from a marketing angle to sell into a rising market.
The price obtained was less than US$ 300 an oz currently the price of gold in January 2011 is over US$ 1,400 a gain of some 400% or to the British Treasury a very substantial loss. Who was one of the key advisers to Gordon Brown during this time and sent various memos to the Bank of England asking for their support and blessing (which was not forthcoming) it was of course the new leader of the Labour Party.
The previous Labour Government have brought Great Britain to a severe economic deficit substantially of their own making or failure in financial supervision it is the same as it was on there watch that it all went wrong.
So Miliband has no claims to being an economic guru nor does he offer any policies but has the nerve to debate about the coalition policies.
We know that his judgement is a touch less than cautious as the last MP for Oldham East and Saddleworth Phil Woolas was appointed a shadow minister by Ed Milliband but then he lost the seat for smearing his Liberal Democrat opponent Elwyn Watkins during the general election.
Tuesday 4 January 2011
Ed Miliband VAT
The Labour Party Ed Miliband started the new year 2011 by complaining about the VAT increase from 17.5% to 20%.
That must raise many questions for Ed Miliband who is known for his economic prowess in helping Gordon Brown sell 400 Metric Tonnes of the UK Gold reserves at less than 300 US $ an oz compared to the market price today which is in excess of US 1,400 US $ an oz.
He makes me laugh as he and his party have no properly thought out plan or ideas to be able to reduce the appalling deficit that his own party and the financial genius who saved the world with no more Boom or Bust Gordon Brown left behind.
He and his party have no alternative plan to reduce spending or perhaps increase personal taxation.
If the Liberal Democrat – Conservative Coalition runs its full length then with at least four clear years from a general election there is some time for the Labour Party to construct some economic policies.
Gromit
Subscribe to:
Posts (Atom)