A blog by Luke Akehurst about politics, elections, and the Labour Party - With subtitles for the Hard of Left. Just for the record: all the views expressed here are entirely personal and do not necessarily represent the positions of any organisations I am a member of.
I was a bit taken aback on handing over my £1.30 for a small black coffee in Greggs the bakers, Leather Lane, EC1, this morning, to get 3p change back.
posted by Luke Akehurst at 12:40 pm
Labour MP for North Durham since 2024. Labour Party activist since 1988 - firmly on the moderate wing of the party. Member of Labour’s NEC 2010-2012 and since 2020. National Secretary of Labour Students 1995-6. Parliamentary candidate for Aldershot (2001) and Castle Point (2005). Hackney Councillor (Chatham Ward) 2002-2014, Labour Group Chief Whip 2002-09, Chair of Health Scrutiny 2010-2014. Dad. Unite and GMB union member. All views expressed in a personal capacity. The rest will become evident from reading the blog.
2 Comments:
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8:35 am, December 03, 2008
The policy of cutting VAT is a complete farce because it sends a very bad message and clearly shows how poor our economy is. The idea that we can spend our way out of recession is simply the most irresponsible policy I have ever known. The shops would love our money right now but is it in our best interests to be spending it.
There is more to the economy than just retail and finance and this is something Labour have neglected to observe. The UK has been living beyond its means for far too long and this applies to the government and its people. The level of debt is simply not sustainable and if our economy relies on debt fueled spending then our economic problems are way beyond the credit crunch and a lot more serious than many imagine.
Two years ago a very arogant Brown preached to the French government on how they should be following the UK and relaxing borrowing laws. And now two years later the French report economic growth and is the result of strong agricultural and industrial policy....something the UK doesn't have.
The UK is in serious trouble and our reliance on the city is truly our biggest downfall. In business they always tell you to spread your risks, don't rely on one customer and expand your market place. The UK hasn't done this we have just been spending and living the good life for 10 years.....now its gone and there is no backup plan.
Expect big ramifications and what we are seeing is just the tip of the iceberg.
9:57 pm, December 03, 2008
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