Help protect children from gaming harms.

Take our survey

Please or to access all these features

Politics

Has Labour crashed the economy ?

258 replies

Dbank · 15/12/2024 22:33

With recent news on GDP and job vacancies, do you think Labour's actions are about to trigger a recession?

OP posts:
Thread gallery
6
Alltheprettyseahorses · 16/12/2024 08:48

Labour were a mistake and no matter how hard Labour HQ tries to shout people down with accusations of 'Tory HQ' at every thread criticising the current government it won't change that. Mumsnet can be very out of step with the general population and is often politically tone-deaf. Let's face it, if the Tories did half of what Labour had done the boards would be overrun with threads about freezing nans and mass redundancies.

Michelle12A · 16/12/2024 08:45

JeremiahBullfrog · 16/12/2024 08:40

Perhaps the economic geniuses on here can tell us what the government should have been doing instead. More of the same as the Tories tried? That was going so well, wasn't it?

I mean having the fastest growing economy in the G7 under Rishi was, believe it or not, beneficial.

sometimesmovingforwards · 16/12/2024 08:44

DancingFerret · 15/12/2024 23:10

Not yet, but if the reports of the rapid decline in job vacancies are true it won't be long before it does. The reaction of private employers was entirely predictable. The hike in their NI contributions together with the proposed legislation to increase workers' rights means no business owner in their right mind is going to take on new staff - and it's not just small businesses; the likes of Tesco and M&S have said they're rethinking their employment strategy.

This is very true ^

Elodie09 · 16/12/2024 08:43

Nope. Think you will find that it was the Tories who crashed the economy.
I'm sure I heard somewhere that Liz Truss had something to do with it ?

JeremiahBullfrog · 16/12/2024 08:40

Perhaps the economic geniuses on here can tell us what the government should have been doing instead. More of the same as the Tories tried? That was going so well, wasn't it?

PCOSisaid · 16/12/2024 08:37

caringcarer · 16/12/2024 00:16

In June our economy was growing the fastest in the G7. That is a fact. Less than 6 months of Labour and we've had 2 periods of negative numbers. We're on the brink of a recession and RR put up NI on businesses so now instead of hiring they will be firing.

This, my employer has already removed some additional benefits and basically said none of us are getting pay rises in April, due to the sudden unexpected cost of employing us all.

My partner has been made redundant (retail but in head office) and there are no jobs. A large employer locally have made hundreds of redundancies in a similar industry to my DP.

I give it 6 months and we will likely both be unemployed - it’s grim

Winterwonders24 · 16/12/2024 08:19

ichundich · 16/12/2024 07:07

My guess is they have, but it's still early days. Wonder how long Labour apologists will continue blaming the Tories and other external factors for the mess they are making.

For the entire fives; but, hopefully, can't see them getting another term. But the potential extremism of what comes next as an over correction worries me

fromthevault · 16/12/2024 08:16

Choptheboard · 16/12/2024 07:46

What has shocked me is how entirely out of their depth they look. Everything they say is word salad and they don’t answer any questions. This continuous blame game about the tories is past old now. Labour were in opposition and paid to be there! What were they doing all this time?!

They have lost everyone’s trust apart from the die hards who always look a bit nuts anyway. The biggest thing Farage has going for him is that when he is asked a question, he gives a straight answer. Not a high bar is it.

I don't know why I bother engaging with these threads tbh.

If you genuinely think that Nigel Farage has the answer to anything then I feel sorry for you. You've been absolutely conned and he's laughing at people like you.

timetodecide2345 · 16/12/2024 08:15

I bet if you visited Syria you would be asking HTS if they had crashed the economy. Get real!

Proudtobeanortherner · 16/12/2024 08:14

From what I’m seeing, Labour seems to
be focussing on controlling everything and stifling opposition whilst laying open for public scrutiny the absolutely enormous chip that they have on their shoulders about everything and everyone who they perceive has had it “too easy.” In their dive to the bottom: they are freezing pensioners, they are destroying destroying farms, companies are leaving the London Stock Exchange in greater numbers, companies are not taking on new staff due to higher NI, etc ……….

Proudtobeanortherner · 16/12/2024 08:10

Thatcastlethere · 15/12/2024 23:18

Oh for goodness sake.
The economy hasn't crashed.
There's more of a focus on public services and there's a bit of reaction from businesses. But there needed to be a focus on public services because of the absolutely dire state they were in. The NHS, social care.. the railways (now supposedly coming into public ownership)
You can harp on about business all you want but we were facing a massive crisis in our public services.. particularly with social care. I'm glad this is being prioritised. I'm glad the country isn't being looked at like a giant business. People are dying in hospital corridors. I think that needs to be addressed. The government aren't ceos they are supposed to be taking care of the country and the people in it. Not just trying to make busineses money.

The country is a giant business albeit hopefully one with ethics and a conscience, but still a business. The NHS is a bloated waste of money which seems to be largely focussed on anything other than patient welfare. Education is broken because children are badly behaved and teachers are ground down by lack of support. The list is endless but without a better work ethic and and a desire to pay taxes ( or avoid them) no government will fix anything.

1990s · 16/12/2024 08:09

genesis92 · 16/12/2024 07:43

So many post about Brexit. It's coming up to 10 years since the Brexit vote - shall we move on? I'm so bored of hearing about it

I assume this is irony?

When it stops making the life of millions of people worse, daily, I’ll stop being pissed off about it.

RosesAndHellebores · 16/12/2024 08:03

@BourbonsAreOverated the public voted to join the Common Market so it was perfectly correct for the public to leave it.

My family fully supported the aims of the common market, EEC, in the mid 70s when it was a CONfederation of Europe. The issue was that it became a Federal Europe.

Proudtobeanortherner · 16/12/2024 08:02

PaleAzureofSummer · 15/12/2024 22:39

No. The tories have made the economy 5% smaller with their idiotic brexit idea which will affect us for many years

I think that you’ll find that the. Ritual public voted for the rubbish Brexit idea. Those who voted yes could just as easily have voted no.

SleepDeprivedElf · 16/12/2024 07:57

I don't think so. But I do think the (NI) rise was a bit mad if their main target is growth.

Choptheboard · 16/12/2024 07:46

What has shocked me is how entirely out of their depth they look. Everything they say is word salad and they don’t answer any questions. This continuous blame game about the tories is past old now. Labour were in opposition and paid to be there! What were they doing all this time?!

They have lost everyone’s trust apart from the die hards who always look a bit nuts anyway. The biggest thing Farage has going for him is that when he is asked a question, he gives a straight answer. Not a high bar is it.

BourbonsAreOverated · 16/12/2024 07:45

meditrina · 16/12/2024 07:37

Labour usually tanks the evonomy

Remember the Blair good finances were a combination of what had been built up in the John Major years, and they were voted in on a promise to continue the broad Conservative economic policies for their first term.

It’s too soon to say what it’s going to be like this time - they’ve not got an ‘inheritance’ from former government to continue then spend this time round. So the usual swings and roundabouts are off.

I’m not exactly encouraged by the early signs though.

That time you could see a doctor, sure start centres supported all children, ambulances and police could attend if you needed them and schools were reasonably funded.

yeah what a shitter of a time that was
then the world economy crashed - I’m no Labour lover, but I don’t think we can blame them for that.

genesis92 · 16/12/2024 07:44

Unfortunately a lot of the Labour front bench just really aren't that bright. I don't have much hope, but they've got 4.5 more years to prove themselves

Toomanyvampires · 16/12/2024 07:44

No. I don’t.

Seriously. I will be painful for a few years but need to address structural damage from Brexit not to incompetence of Liz Truss.

I’m furious someone who has done so much damage to our country and that shyster Johnson are on the privy council and accompany the king to the cenotaph. I’m a net loser from the last Budget but I trust the more on the economy than the last shower.

genesis92 · 16/12/2024 07:43

So many post about Brexit. It's coming up to 10 years since the Brexit vote - shall we move on? I'm so bored of hearing about it

BourbonsAreOverated · 16/12/2024 07:42

RosesAndHellebores · 16/12/2024 07:39

The general public who cast their votes were responsible for Brexit. Not the Conservative Government which at that time was led by Cameron who was hard Remain. Traditional left voters tipped it, not least because they were sick and tired of the left leaning mantra of the metropolitan elite. It's precisely the same reason why Reform are on an upwards curve.

If it was something as impossible and detrimental to unpick as it was, why were we ever given a vote?
it should never have been given to a public vote. So I do blame David Cameron for bringing the vote.

HappiestSleeping · 16/12/2024 07:40

This reply has been deleted

Message deleted by MNHQ. Here's a link to our Talk Guidelines.

Toomanyvampires · 16/12/2024 07:40

😂

RosesAndHellebores · 16/12/2024 07:39

JingleB · 15/12/2024 23:32

Labour? Are you mad? Have you forgotten who was responsible for Brexit?

The general public who cast their votes were responsible for Brexit. Not the Conservative Government which at that time was led by Cameron who was hard Remain. Traditional left voters tipped it, not least because they were sick and tired of the left leaning mantra of the metropolitan elite. It's precisely the same reason why Reform are on an upwards curve.

meditrina · 16/12/2024 07:37

Labour usually tanks the evonomy

Remember the Blair good finances were a combination of what had been built up in the John Major years, and they were voted in on a promise to continue the broad Conservative economic policies for their first term.

It’s too soon to say what it’s going to be like this time - they’ve not got an ‘inheritance’ from former government to continue then spend this time round. So the usual swings and roundabouts are off.

I’m not exactly encouraged by the early signs though.