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Exactly, and the spin put on it after the event by Brown's bully boy propaganda machine was that Brown had been pressured into to the decision.

The reality of course was quite the opposite, all advice was against selling at that time but he prevailed.

The only "pressure" of course was that he knew only too well that the country was already "bust"

A timely reminder of the Meister in action:

(New) Labour squandered billions undoubtedly.

However as always the Tories answer, abetted by their toady Clegg is to make the least fortunate in our society pay the price.

Collecting the tax avoided and evaded by the extremely wealthy would sort out our immediate problems allowing a more compassionate and less disruptive approach to rectifying the structural deficit.

"WHAT! pick on our mates no fucking way"

Did anyone really expect anything different from them?

We're all in it together, my fucking aunt fannies arse we are.

I don't think the party that gave us Black Wednesday, sold off the railways, gas, water and electricity utilities, the steel industry etc etc for a pittance, deregulated the financial sector by introducing casino banking can be regarded as a paragon of thrift!

Cheers
D

"A) Those were all positive events that saved money, as a Labour waster I know that concept would be hard for you to grasp."

Saved money? Yes, I always think how wonderful the sell off of gas was, every time I open my gas bill. Thatcher sold off what WE actually owned for a pittance and allowed multinationals to then rip US off.

Thatcher set the share price for these sell offs at an artificially low rate in order to make sure it was a success. Subsequent sales of utility companies have been for telephone number sums showing that the Treasury lost mega billions as a result of these sales which ex Tory Prime Minister MacMillan likened to "selling off the family silver".

"Your statement is really irrelevant with regard to why the country has no money in 2011 after 13 years of Gordon Brown controlling the finances."

Wrong. You are clearly making a party political point. Therefore it is fitting to point out the last Tory government's appalling record of waste.

Secondly you really shouldn't believe everything Osborne tells you. As a global recession denier you should try to understand that the deficit was the second lowest in the G7 at the time when the GLOBAL recession hit. What is it about the word "GLOBAL" that you don't understand?

Cheers
D

You have to ask yourself why didn't New Labour re-nationalise these utilities. We owned them and our forebears paid for them with the sweat off their brows. Thatcher had no right to sell them.

New Labour should have taken them back. This is their function, to look after the ordinary working man and woman. Not shareholders, not banks, not scroungers. Instead they pandered to these wasters and crooks.

There are no excuses David, they were reckless with the economy. Career politicians have never actually had to make money for themselves. They get into government and have ?billions to squander, no wonder we are in the shit.

"You have to ask yourself why didn't New Labour re-nationalise these utilities. We owned them and our forebears paid for them with the sweat off their brows. Thatcher had no right to sell them"

The answer to that is very straightforward. Thatcher sold them off at a knockdown price to make sure the share offer went well. To have renationalised them at the end of the 90's would have cost a vast amount, far more than the price paid for them 15 to 20 years earlier. The utilities are basically a licence to print money.

To have renationalised them without compensation would have resulted in a huge flow of money from the UK as a reaction to this measure by the multinationals that more or less run the country.

Cheers
D

"Does that absolve Labour from the decisions THEY made ? NO
You and the other deficit deniers like to bandy around the word Global as though it was some alien bug that infected the planet, bollocks. Each individual country was responsible for it's own policies and actions and if Labour hadn't continued borrowing during economic growth we probably wouldn't need to be controlling spending half as much as we need to now."

Oh dear, you are hooked on the message aren't you? Perhaps you can provide a link to Cameron's statements in early 2008 where he states that the Labour government must regulate the banks far more closely. No? Alternatively provide a link to where Cameron said that having the second lowest deficit in the G7 was a disgrace and the Labour government should cut back on spending?

The point which you continue to fail to get is that yes, mistakes were made by the Labour government, but the Tories would not have acted any differently whatsoever prior to the global recession. The only difference post the banking crash if the Tories would have been in power, is that Osborne would have totally run out of Pampers.

Cheers
D