Re: More Labour folly's
I would never trust a (new) Labour or a Conservative government. There's never been very much difference between the two, policy wise.
All New Labour did was lead us further down the path that Thatcher sent this country on over 30 years ago. The whole of the so-called 'free' world, and a lot more besides, are rolling down that path, and it's a one-way ticket to oblivion.
In a nutshell, selling off national assets for short term gain and entrusting their wellbeing to a motley crew of blinkered growth(alias greed)-obsessed moneylenders and shareholders is proving to be a recipe for disaster.
Every single economist and politician on the soapbox talks about the need for 'growth' (alias greed). Every time I hear it, it makes me cringe. Growth only matters if you are greedy enough to want more next year than this. I'd say survival is far more important than blindly chasing something that is physically unsustainable.
I'd give it another 12 months before this whole tissue of smoke and mirrors comes crashing down. Just look at the money markets today.