On Fri, 05 Aug 2011 10:05:04 +0100 Dave Plowman (News) wrote :
You seem to have a very selective memory. Mine remembers a very long
period of stability and prosperity under the last labour government.
Were you one of those feckless types who wouldn't work?
I nearly went broke in 1992-93 - partly my own fault, admittedly - with
double digit interest rates and my bank wanting to pull my overdraft
and lend me the money on a 29.9% APR personal loan instead. More than a
few small businesses did go under at the time and huge numbers of
people lost their houses.
My financial position improved hugely between 1997 and 2008 (when I
emigrated) - I worked very hard, paid a lot of tax, unlike HMG and lots
of remortgage-and-spend folk didn't let my expenditure rise in
proportion but instead hardened up my personal balance sheet.
--
Tony Bryer, Greentram: 'Software to build on',
Melbourne, Australia
www.greentram.com