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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?

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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.

Herwoggle · 16/12/2024 07:14

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.

Where do you think money for public services comes from?
Either borrowing or taxes

FallingIsLearning · 16/12/2024 07:20

Ja428 · 15/12/2024 22:54

This lazy accusation of being a Tory bot or similar - again. I suggest you report any posts you suspect aren’t from genuine mumsnetters to MNHQ, rather than throwing these silly accusations about.

Yes, I remember Liz truss fuckign things up. That doesn’t mean this Labour lot are wonderful. They can all be shit you know.

Plus I am old enough to remember the last Labour government. I was in hospital in 2008. Utterly terrifying re lack of staff and lack of beds. You’re on crack if you think that conservatives took over a wonderful thriving country in 2010. Why did Labour get voted out if all was great?

That’s not what I remember with regard to the NHS. I qualified in 1999 and became a consultant in 2008.

In my first couple of years of work, I remember patients lying on trollies down the corridor and having to wheel patients straight out of cubicles after I had assessed them, so the next one could be moved in to be assessed.

In my working life, there were always inpatient winter bed crises, difficultly in discharge due to lack of social care and medical outliers on surgical wards. However, during my years as a registrar, I did not have to tetris patients around between cubicles and corridor to see them. The pressure then was due to the 4hr wait target. As a final year reg, I was paired with an equally efficient colleague and it was very rare for us to have to hand patients over to each other at the end of an on-call shift.

I never thought I would see the bad old days of patients on trollies lining the corridors again. It is so very much worse now. I can’t describe it without wanting to cry. It’s the whole system - primary care, ambulance trusts, inpatient staffing, social care, and each one that is broken makes it worse for the rest of them.

I’m not saying that New Labour only did good. A lot of money was put in which improved so much, but there was a lot of waste. There were bad decisions (PFI, anyone?).

fromthevault · 16/12/2024 07:22

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.

Well, the Tories got away with blaming Labour for about 14 years (the hard-of-thinking are still even on this thread blaming 'that note') so I reckon they've got a bit of grace yet.

Lovelysummerdays · 16/12/2024 07:22

I think they’ve crashed confidence in the economy. Most people seems really stressed about money these days.

We need to raise productivity and cut costs. Blah de blah. There will be a few expensive initiatives that will attempt to pop a sticky plaster over things.

There are so many things that seem like stupid ideas and cost £££s. Violent children needing to be looked after by private companies at a cost in excess of £1 million per child per year. Private water companies creaming off shareholder dividends whilst dumping sewage everywhere. I think we need to have well run basics that are state controlled.

We have become pretty individualistic perhaps with a claim what you can mentality. Perhaps because the government is constantly pissing away millions so might as well.

fromthevault · 16/12/2024 07:25

And I worked in the NHS during the last Labour govt and, as @FallingIsLearning says, the idea that it was worse during that time than during the last 14 years is for the birds. The Tories have systematically destroyed the NHS and absolutely no one who has real experience of it would say otherwise.

shockeditellyou · 16/12/2024 07:25

After Gordon Brown I thought Labour should never be in power again, and were utterly incapable of sound government.

Then we had the latest Tories and Brexit. It will be a long, long time before I ever trust the Tories with anything more than a PTFA cake sale.

ZenNudist · 16/12/2024 07:31

This reply has been deleted

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Couldn't have said it better myself.

I don't understand why the Tory HQ posters think we are so stupid that we can tell the difference between a real economic crash caused by the government (brexit and liz Truss being worst examples of this) and more normal economic cycles. The economy isn't even doing badly at the moment. The biggest disappointment being the lack of booming growth which is very difficult to achieve given the utter shit show left behind by the Tories.

My job involves making observations on the economy and its effects on business. You do know there was a 5 year period of uncertainty where inward investment to the UK dried up completely? That's Brexit for you. Now we are a third rate option not the place for a European office of international businesses. Plus Liz Truss showed us all what crashing the economy really looks like. You still see the after effects of that on company performance.

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.

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.

Toomanyvampires · 16/12/2024 07:40

😂

HappiestSleeping · 16/12/2024 07:40

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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.

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

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 07:44

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

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.

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.

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.

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.

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.

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.

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.

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 ……….

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!

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