Brown saddled us with huge debt

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Thursday, February 28, 2013
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Leicester Mercury

So, Gordon Brown did not leave a "deep economic mire", according to Chris Lymn ("PM confused on deficit and debt", Mailbox, February 23).

While I accept his leadership in securing the banks was admirable, his big idea domestically to see us through the recession was to create 250,000 public sector jobs.

  1. under fire:   Gordon Brown's and George Osborne's management of the economy is questioned

    under fire: Gordon Brown's and George Osborne's management of the economy is questioned

The result of this was to saddle us with more public sector debt and an annual deficit, at the time of his leaving, of almost £160 billion.

While we have an annual deficit, public debt will continue to rise each year.

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This will only cease when the country stops spending more than it takes in tax receipts.

The annual deficit is still too high, but by the end of 2011-12 it had at least reduced to £121 billion.

Had Labour had been allowed to continue along its reckless path of expanding the state to ever more unsustainable levels, I suspect it would have been a whole lot higher.

As regards the wealthy no longer dodging their tax responsibilities, I am sure we would all say amen to that.

What a pity Mr Brown sat on his hands while the tax-dodging continued.

Name and address supplied.

Surely what is now required is a downgrade of Mr Osborne's career.

Past Conservative Prime Ministers have not flinched to show leadership and change their failing Chancellors.

Eric Goodyer, Colsterworth.

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9 Comments

  • Profile image for NickDiPerna1

    by NickDiPerna1

    Thursday, February 28 2013, 11:17PM

    “Corporations, man. It's them flipping corporations and banks... Not that you'd be able to run one for even a day :-).

    Choosing between corporations and state bureaucracies is like choosing between dog mess and cat mess. Both are very very evil entities; would love to see both abolished. But the liberal/left are suspiciously silent about the crimes of the latter.

    As bad as the corporations and financial institutions are, it is extremely foolish to expect any Government to destroy the last vestiges of wealth creation this country has to offer with crippling taxes in order to prop-up inefficient and bloated bureaucracies which produce nothing.

    A gradual decentralisation of both financial and bureaucratic power in equal measures would be the way to go. But neither side wants to give ground. They both enjoy their unique privileges. And the ordinary person is trapped in between.

    Like it or not - this is the 'balanced' perspective.”

  • Profile image for NickDiPerna1

    by NickDiPerna1

    Thursday, February 28 2013, 10:15PM

    “Just sent this to the mailbox:

    I am extremely disappointed to hear that Leicester City Council has rejected a Government incentive to freeze council tax. It was also recently exposed that the city has one of the highest numbers of town hall staff in the UK earning more than £50,000.

    This news comes against a backdrop of local cuts to the vulnerable, a reduction in council tax benefit for the poor and controversial city centre investment plans. Cash was also found to give all council workers a minimum wage guarantee of £7.45 per hour which may not sound like a lot, but is more than what 1000's of struggling Leicester people are expected to work for now, especially when combined with all the existing perks and pension schemes.

    In my view, this growing disparity between local government and the pay of the rest of the local population, is an indicator that years of social policy have completely failed. The very same people who were employed to combat the inequity of the free market have themselves become a new breed of 'fat cat'. It would appear that the so-called "cuts" have so far not extended to the layers of bureaucrats who produce nothing and provide very little in the context of social justice.”

  • Profile image for graydjames

    by graydjames

    Thursday, February 28 2013, 9:18PM

    “Eastonian do you actually read the letters before you comment. It would really help your cause (even if misguided) if you commented on the letter rather than make some general irrlevant political point. My Goodyer's letter has nothing whatever to do with what Labour did or did not do. You may not agree with his view about the present Chancellor but then that's what you should say, preferbaly with cogent argument, instead of making some cheap and wholly irrelevant jibe.”

  • Profile image for agewait

    by agewait

    Thursday, February 28 2013, 6:52PM

    “I do understand people becoming down-hearted, sick-to-the-back-teeth with this shower of hired-hands, Crooks, Quislings and Carpetbaggers. I have just exchanged these words with a friend... "Deep in my Heart, I do believe WE Shall Overcome"

    This is not hoping against hope, it is hope born of experience, it is hope that drives us on through this 'war' and we are in a 'war' and it is endurance we shall need... If we are knocked down 10 times we shall get up 11 times.We know who has the most resources so it would seem doubters could be correct. However, we have 'Right' and 'Justice' on our side all they've got is wealth and ignorance. There are far too many of the vulnerable, the poor, the disabled, the fragile being cast asunder by this evil 'would-be-government' The time to do right is always right... I speak from close, too, too, close brushes with despair ... Hold on.... when there is nothing but the words hold on in our hearts... Unearned suffering is redemptive... we must overcome their spite with satire,mockery... we must overcome their bitter poisons they call policies...

    They Do Not have the right to treat people this way because their policies got the country into three wars, and scouting... they were busy exporting democracy with their bombs and missiles.The problem is they exploded at home through deficit/debt/austerity.... and Trillions being spent on death! They forgot about the cost, there is always a cost - these guttersnipes seek to side step, and with very, very small brains seek to blame the opposition. Parliament itself has let the nation down... first the expenses scandal, closely followed by the Bankster's with more than a liberal splash Corporate Military might and force exercised through a string of wars. Might is NOT Right.

    If we adopt sound, non-violent protests we will turn this nation around... MONEY IS NOT GOD!”

  • Profile image for agewait

    by agewait

    Thursday, February 28 2013, 4:52PM

    “Meanwhile the current shower of hired-hands, nurtured and controlled by lobbyists/Corporates; and England once again is being sold to the highest bidder - the NHS & Welfare State have been and are being blitzkrieg by Tory Cronies and Privateers/ Carpetbaggers. Currently there is a 38% petition going hypo-viral on the net... 208,472 SIGNATURES AND COUNTING! not bad for a couple of days... seeking to raise awareness about the onslaught on our NHS...Readers can add their names @ https://secure.38degrees.org.uk/page/s/nhs-section-75#petition

    I would encourage those who love the NHS to add their signature and stop the Tories and their masters from Privatising OUR NHS.”

  • Profile image for amoros11

    by amoros11

    Thursday, February 28 2013, 2:14PM

    “When The Coalition came to power there wasn't any money left in the economy, it had all been squandered by Brown and Darling , so the economy has to be rebuilt on borrowing and social cuts As George Osborn said in opposition "Labour have run out of money as all Labour governments always ultimately run out of money."

    If anyone one needs evidence of Labour's talent for financial miss -management and over reaching the budget , we' really don't need to look any further then Leicester's bid to become the 2017 city of culture. That will require £10 million over our existing budge, "where would the money come from" was the question posed by BBC regional news. That demonstrates why Labour are unable to make any future claim of economic competence, either at local or national level”

  • Profile image for Rod52

    by Rod52

    Thursday, February 28 2013, 11:42AM

    “"Surely what is now required is a downgrade of Mr Osborne's career."

    Eric, could you possibly mean the same way careers were 'downgraded' following Blair's war crimes (personal opinion), social engineering, Brown et al's ruination of our economy, Mandelson's mortgage con?
    Italy has voted for a comedian to take part in government frustrated by the status quo. We don't need to, our political system is full of them already, and with our naive, continuing support, they thrive and propagate only being held to account at election time, never in law! Hopefully the electorate of Eastleigh will provide a well needed wake-up call to the 'jaded' establishment!”

  • Profile image for Eastonian

    by Eastonian

    Thursday, February 28 2013, 11:34AM

    “Dear Old Eric still in denial. It was his beloved last New Labour government who failed, leaving this country in the dire financial straits and the massive deficit we are saddled with today.

    Why have folk got such short memories?!!”

  • Profile image for aristoc

    by aristoc

    Thursday, February 28 2013, 9:36AM

    “Who was a financial advisor to gordon?
    Er...let me think...ahh got it...some bloke called soulsby.
    History repeats !”

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