Wednesday 7 June 2017

Don't vote Labour

The current state is that unemployment is the lowest that it has been since 1971, and there are more people in work.  https://www.ons.gov.uk/employmentandlabourmarket/peoplenotinwork/unemployment

This means more people paying income tax, and more revenue for the government. This means, if we don't spend it on other things, we can borrow less from the IMF, perhaps even get with some austerity to the point where we don't borrow any and can pay some back. This would reduce our Interest payments which are currently more than the Defence and Foreign Aid budgets. Following on from this, the more that we can reduce out interest payments, the more money we will have to spend (or pay down the capital).  We need a good government to do this.

Labour has grandiose plans and will carry on borrowing, which will increase our interest payments, therefore requiring us to borrow more to maintain the status quo, until the interest payments get SO large I don't want to think about the consequences. Remember that the previous labour government left a note: https://www.theguardian.com/commentisfree/2015/may/09/liam-byrne-apology-letter-there-is-no-money-labour-general-election


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