ttosca….Economics/Employment Labour style; employ over 1 million tax funded Public Sector workers and lose 1 million tax paying manufacturing jobs to 2005 BEFORE the crash, including the SELF EMPLOYED; no wonder the trade unions are worried for the NewSelf Employed jobs, they’re expecting a Labour government back in 2015.
It takes a special type of economic incompetence to lose so many manufacturing jobs during a global boom, and half the Manufacturing output they inherited from the Conservatives by 2010 - yet your ideological stupidity mocks job creation when European unemployment is so much higher than ours i.e. the UK trending down at 6.9% with France over 11% unemployed record, the whole Eurozone average 12%.
1997 to 2005 ; 'Million factory jobs lost under Labour’
www.independent.co.uk/news/business/news/million-factory-jobs-lost-under-labour-6150418.html
“Gordon Brown's reputation for economic management will suffer a blow today from official figures showing that 1 million manufacturing jobs have been lost since Labour won power in May 1997.”
“Business organisations blamed red tape, rising taxes, a strong pound and the burgeoning public sector for the wave of redundancies. They urged Mr Brown to use his Budget to slash costs facing industry and do more to boost skills.”
“The number of workforce jobs in manufacturing - employees, self-employed and owner managers - has declined from 4.52 million in spring 1997 to 3.53 million at the end of September last year. Figures from the Office for National Statistics today are expected to show the decline, to the end of December, has broken the 1 million mark.”
How come Europe with those unemployment figures and reduced unemployment/welfare benefits DO NOT HAVE INCREASED FOOD BANK USE, maybe because they didn’t bring in a net 2.5 million new citizens and condemn their own indigenous population to welfare dependency – better known as the UK’s economic and socially incompetent Labour’s legacy??????
As for the ‘cost of living crisis’ that has shown wages in a great recession that came about under Labour fall for the past 6-years, as inflation was rising from around 2004 under Labour
Real wages to rise for first time in six years, EY says
www.bbc.co.uk/news/business-27010326
Come on big economics man, answer the question on the link below on here, HOW WOULD LABOUR have increased everyones wages OVER inflation, when unemployment under them would have gone higher and so would interest rates and the national debt - so no room for tax cuts to take the lower paid out of tax by increasing the threshold??
www.mumsnet.com/Talk/in_the_news/2044969--Cost-of-Living-a-cunning-plan
This was Labours key policy, how comes it seems that no one in the Labour Party, their apparatchiks, or their apologists like you ACTUALLY KNOWS THE ANSWER?