Yes ,I've often heard tell of this magnificent period of prosperity, i've read about record corporate profits and City bonuses increasing massively year on year.F0zziebear wrote:Under Labour they have managed to create a large number of public sector jobs, and on the whole given reasonable pay increases. I say on the whole as it's a bit of generalisation.
However, Gordon Brown made it clear last year that public sector pay will have to fall below inflation.
Something seems to have gone wrong somewhere. Our system has gone through a boom time for probably about 15 years now. However, economies go in cycles and eventually there is a downturn.
The way I see public sector is that you never earn what it possible in the private sector during boom times, but you are less vulnerable during a downturn, as your jobs are better protected than in the private sector, which is partly to do with the strength of the unions.
It will be interesting to see what happens as a downturn is where we are heading.
In my opinion Brown should call an election now as if he doesn't he could be the leader as we move into a recession and then he will definitely lose.
As for Brown praising Thatcher, well it's not too much of a surprise as Labour is now more right wring than the Tories
The bit i don't understand is why, if everything is going so swimmingly well, do we have record levels of childhood poverty;record levels of personal debt; workers unable to enter the housing market; the appearance of lifetime mortgages etc. ad infinitum?