The Mapmaker wrote:They took over, in 1979, an economy burdened with high unemployment, still suffering the after-effects of the 1970s. Strong medicine - and nobody would deny that with the benefit of hindsight it could have been done better, but something major had to be done and there were no precedents - meant that by 1997 the economy was in such good shape that even the Labour party took ten years to destroy it as they have done quite so neatly. Economy destroyed during a boom; that has taken some doing.
mick4recycle wrote:sorry slightly off topic..
what should the ppl who Dont follow the technical details do..
im guessing it would be worth their while spending a few hundred pounds
to take their financial paperwork along for a full personal advice session with a good professional
does that sound right?
martinr wrote:A very selective memory you have - obviously forgetting the bust that happened at the end of the 1980's after the Lawson boom, when house prices collapsed, interest rates hit 15%, unemployement hit 3 million (again), and so on.
The Mapmaker wrote:It is quite another for a Government to manage to achieve a financial crisis after a prolonged period of BOOM as the current incumbents have
For the latest local news and events direct to your inbox every Monday, you need our weekly email newsletter SE1 Direct.
7,000+ locals read it every week. Can you afford to miss out?
Read the latest issue before signing up