This is labour government


Legendary member

That's what;s lacking because of our bog standard democracy.

The lowest common denominator gets itself elected and then everyone is surprised thats there's the usual ****-up.


Experienced member
Sorry what are you comparing here ? The ERM was a mess up but it did not result in a massive increase in unemployment with the UK now at the highest level of public spending in the entire G20 nations at 56% of GDP with the highest level of borrowing in history that will still need paying off in 30 years from now by our yet to be born Grandchildren.

I know very few people who bother to read newspapers any more and the number that do nationally is declining. You talk about people being easily led into voting out this government, well I disagree. Compared to 2005 the number of people I know who have lost their job and cannot get any meaningful work is very high. These are skilled people from all over the UK including Masters degree qualified engineers, commercial airline pilots and other highly skilled people. Are you really saying that they do not have real issues and should vote this government back in for another 5 years of exactly the same ?

I agree but if you are promised a referendum then it should have been given and it wasn't and that is enough for me to not even look at Labour for the next election with their "You will do as you are told" school master approach to the electorate.


My comments re on PDF file attached....I have been away and hence the delay...!

I can't post as there is some problems...Site keeps asking for one more digit and then does not allow me to post....Anyway PDF it iwll have to be


  • GDP.pdf
    73.1 KB · Views: 399


Why not a Tax..?.

It would completely kill a huge amount of foreign investment within the UK and make the uk even less competitive in Europe than it now is. Can you imagine every time you wanted to pay your foreign employees having to pay tax, every time you wanted to buy something in another currency, having to pay tax etc etc

It is well known that tax kills business and the more tax you have the more business it kills.



Experienced member
.....I presume the discussion is about so called Tobin Tax which was coined after economist Tobin....It has nothing to do with Tax on people....

From Wiki.......
A Tobin tax is the suggested tax on all trade of currency across borders. Named after the economist James Tobin, the tax is intended to put a penalty on short-term speculation in currencies. The original tax rate he proposed was 1%, which was subsequently lowered to between 0.1% and 0.25%.

In an interview given to Der Spiegel on 2001, James Tobin distanced himself from the global justice movement and continued to state the validity of his proposal,
"I have absolutely nothing in common with those anti-globalisation rebels. Of course I am pleased; but the loudest applause is coming from the wrong side. Look, I am an economist and, like most economists, I support free trade. Furthermore, I am in favour of the International Monetary Fund, the World Bank, the World Trade Organisation. They've hijacked my name ... The tax on foreign exchange transactions was devised to cushion exchange rate fluctuations. The idea is very simple: at each exchange of a currency into another a small tax would be levied - let's say, 0.1% of the volume of the transaction. This dissuades speculators as many investors invest their money in foreign exchange on a very short-term basis. If this money is suddenly withdrawn, countries have to drastically increase interest rates for their currency to still be attractive. But high interest is often disastrous for a national economy, as the nineties' crises in Mexico, South East Asia and Russia have proven. My tax would return some margin of manoeuvre to issuing banks in small countries and would be a measure of opposition to the dictate of the financial markets."
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