George Osborne

**soloman** · 17-06-2010, 07:37 AM

Remember how parts of the media (and the Labour party) rubbished the prospect of George Osborne taking over as chancellor before the election?

Well yesterday he put up a very polished performance in the Commons outlining his proposals to abandon the FSA and other regulatory bodies created by the last government.

More powers have gone to the Bank of England which strikes me as being much more appropriate.

I am sure our finances are in much safer hands now than they were with the former Labour government!

**Barry** · 17-06-2010, 09:36 AM

It is rather impressive, the way this government are rapidly pursuing the policies, implementing the changes they were voted in to do.
It is a very encouraging start by a new coalition.

**uncon** · 17-06-2010, 02:35 PM

I was interested after the 80 Million to a Sheffield company was canned to see Clegg immediately get up and explain that they simply couldn't afford it.

Some of the things I am watching remind me of when a family has to say 'I know Uncle Horace promised you a pony, but we just can't afford one darling and neither could he'. I have to say I am seeing a lot of responsibility being taken

**manrow** · 18-06-2010, 08:18 PM

Originally Posted by uncon

I was interested after the 80 Million to a Sheffield company was canned to see Clegg immediately get up and explain that they simply couldn't afford it.

Some of the things I am watching remind me of when a family has to say 'I know Uncle Horace promised you a pony, but we just can't afford one darling and neither could he'. I have to say I am seeing a lot of responsibility being taken

i am not disagreeing with your post at all uncon, but the case you have highlighted is a company who could shortly have been producing parts for the new nuclear plants that are so desperately needed if the lights are to stay on? I would hate to see us importing components just because of this decision?

**uncon** · 18-06-2010, 10:03 PM

I agree with you Manrow, but the argument isn't 'we don't want it'....but 'we don't have the money'.

I want to see investment...we all do because we want jobs, but the argument is that the creditcards are maxed out and they are about to turn up on the doorstep and take the furniture next week, so we have to put these things on hold for now...this pony has to wait because it isn't a cut back in spending, it is merely not a spending option at this time

**Midas** · 19-06-2010, 08:54 AM

Originally Posted by uncon

I agree with you Manrow, but the argument isn't 'we don't want it'....but 'we don't have the money'.

I want to see investment...we all do because we want jobs, but the argument is that the creditcards are maxed out and they are about to turn up on the doorstep and take the furniture next week, so we have to put these things on hold for now...this pony has to wait because it isn't a cut back in spending, it is merely not a spending option at this time

I agree. Ideally we should be investing in the British economy in attempts to both secure jobs for the future and to secure our own local supplies of a wide range of essential products, but there has to be a balance between the high capital expenditure necessary to set that up and the much lower cost, taken out of revenues, to buy from elsewhere. As you say, when the credit cards are maxed out and they're about to take the furniture, you have to make some tough, and often far from ideal, decisions. It's even more galling though when the problem has been caused by a previous government who should have known far, far better but just didn't seem to care.

**Streetwalker** · 19-06-2010, 10:07 AM

Originally Posted by Midas

I agree. Ideally we should be investing in the British economy in attempts to both secure jobs for the future and to secure our own local supplies of a wide range of essential products, but there has to be a balance between the high capital expenditure necessary to set that up and the much lower cost, taken out of revenues, to buy from elsewhere. As you say, when the credit cards are maxed out and they're about to take the furniture, you have to make some tough, and often far from ideal, decisions. It's even more galling though when the problem has been caused by a previous government who should have known far, far better but just didn't seem to care.

They diddn't care or they knew very well that in leaving the cupboard bare the next government would have to opperate in a straightjacket

**manrow** · 19-06-2010, 09:09 PM

Originally Posted by soloman

Remember how parts of the media (and the Labour party) rubbished the prospect of George Osborne taking over as chancellor before the election?

Well yesterday he put up a very polished performance in the Commons outlining his proposals to abandon the FSA and other regulatory bodies created by the last government.

More powers have gone to the Bank of England which strikes me as being much more appropriate.

I am sure our finances are in much safer hands now than they were with the former Labour government!

I entirely agree; however the deafening silence of Vince Cable is worrying?