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AndyMac you would do well to remember that indirect taxation takes proportionally more from those who earn the least, and that new labour are responsible for the biggest increases in indirect taxation in this country's modern history. Poorer families spend the biggest proportions of their incomes, rather than save, invest or buy property.
You would also do well to remember that we have ridden the crest of a global economic boom. Yes Japan has struggled for the last 5 years, but by and large the West has enjoyed low inflation and steady growth.
Before you laud Blair's decision to leave interest rate decisions to the B of E, you would also do well to appreciate that no monetarist Govt would have done any different - who would raise rates when there was no inflation. So don't credit Labour for your low interest rates and cheap mortgage.
If you are concerned for the welfare of 1st time buyers, perhaps you are happy about the recently introduced policy of accepting 2nd properties as part of personal pensions. There are enough houses in this country, but too many of them are owned by people wealthy enough to buy a few more, driving prices out of the reach of the ordinary working class. Now labour are rewarding the rich buy letting them have their gains tax free.
Yes Conservatives under Thatcher did a lot wrong, but at least they did not pretend to be the Party for the Poor. It is the sheer hypocrisy of Blair's policies, not to mention his arrogance and spinning of the truth, that makes me feel sick to the teeth.
Now that he has made his mark in history with a 3rd term, you can be sure that once the inevitable global slowdown reaches these shores, and cheap chinese imports are no longer able to disguise a fundamentally weak economy, Blair will hand the reins over to someone else and escape any personal blame.
In the meantime, we will continue to pay through the teeth for services that show no improvement. Until we learn to sack politicians that don't keep their promises we will never get anything better.
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Couldn't agree more, and well put /ubbthreads/images/graemlins/ok.gif