04-08-2013, 05:29 PM
voodoopenguin wrote:^^Make this about Reagan and the US and you don't have to change a word^^
Obviously there will be people here who are more knowledgeable about the events than myself but to answer Will Collier's "Ludicrous" I will say a few things.
At the end of of her premiership the people of the UK were actually paying a higher percentage of their income in taxes than at the beginning and this was after 12 years so you couldn't blame the previous government.
During those years there were two recessions caused by the Tory government's deliberate policies.
We had the return to mass unemployment not seen since the 1930s.
Their financial deregulation laid the basis for the credit bubble of 2000s and subsequent credit crisis.
To help the balance of payments most of the publicly owned industries were sold off in the belief that in private hands they would be run more efficiently. That didn't work and our transport system is still poor and fares, especially on the trains, is ludicrously high. (As an aside that was actually good for me back then as for a while I was a Private Hire Driver and it was very much cheaper for businesses to get me in London to go and pick up a couple of managers from their homes and drive them to the doors of their businesses they were visiting in Newcastle or Manchester two to three hundred miles away than for them to use the train).