On Tue, 27 Apr 2010 00:25:16 +0100, Tim Streater
wrote:

Inflation has been around 2 or 3% for some years before Blair took over.
And the first thing they did was a raid on Pensions, then Brown sold a
lot of our gold at rock bottom prices, etc etc.

Inflation was completely out of control under the Tories for almost
all of their reign - despite huge oil revenues and selling off the
family silver they ****ed it against the wall in a truly spectacular
way. The "raid on pensions" is close to immaterial. If your pension
failed to meet expectations then blame the rampant inflation of the
Tories, the lack of growth in the economy, the lack of investment in
infrastructure during the years of massive oil wealth when
unemployment was deemed acceptable for a whole generation.

The sale of gold might have been mistimed, but the government
shouldn't be speculating in precious metals. Gold in the bank does
sweet **** all to improve the prosperity of the country. It doesn't
feed people, or provide them with jobs, or new schools, or new
hospitals or anything worthwhile.

Going back to RPI

13 years of Labour
RPI increase for 1997-2010 36%

Last 10 years of Tory rule
RPI increase 1987-1997 55%

17 years of Tory rule
RPI increase for 1980-1997 236%

Last 13 years of Tory rule
RPI increase for 1984-1997 77%

Source ONS
http://www.statistics.gov.uk/StatBas....asp?vlnk=7172

But don't let facts get in the way of your rabidly misguided views.


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