Thetownend.com

Rich says the stock market is on the brink of disaster because of the labour government. I don't know anything about this, can someone fill me in?

err sure 4800 today! 6000 3 years ago.

Thats a pretty fucking simplistic view Rich, and i'm no Labour supporter.

sorry they're just numbers to me

explain the significance

or link me to a newspaper article(if it's as important as you're making out they'll be loads)

Its the price of one share for each of the top 100 companies in the UK.  So as a rule the higher the better.

Rich's view that it is entirley down the the labour governtment is highly simplistic, there are many external factors that the governmant his little or no influence over.

To be fair I read about this in the paper this morning.

The worry is that everyone though thought shares would bounce back to the 6000ish hey day, however, after a brief rally above 5000 months ago, it has fallen away.

One of the main reasons for this is increased taxes, and the pension fund windfall tax have hit consumer spending, and profits, therefore less dividends are paid out, therefore people are less willing to buy shares.

your right pie! spot on! my view is simplistic because i hate the government and i just blame them all the time. there are external factors e.g. the price of oil and stuff like that. also the MG rover crisis (which in a way i shouldnt blame on the government but i want too)

exactly. from a politicain himself. INCREASED TAXES!

That is also not a political point, it is the view of the financial institutions currently worried about the outlook for the stock market.

For those of us without shares, it is also bad news, as a rising stock market is what funds pensions.  Hence why so many people are panicing about retirement, and the Government is now having to consider extending retirement age, or compulsary savings.

But 3,300 in March 2003, 4925 today. When labour got into power the FTSE was lower than it is today.

Go here http://chart.bigcharts.com/custom/ft-com/chart.asp?type=256&style=1566&size=5&symb=1805550&sid=123797&time=10yr&freq=3mo , it's been steadily rising since the Iraq war, the anticipation of war in Iraq caused a major decline in stock markets around the world.

The peak was at 5077, today it's 4920 up 26, I think it will contnue to rise though slowly, it's not doing as well as it could but it's not on the point of collapse either.

so one politician who manages to get elected by his local people, for example tony blair, is a lying twat. where as another politician who can't get a seat in the commons, say for example justin tomlinson, is never going to spin things.

you're in a dream world as per usual richard

 :jaw1

Yes there are many external factors involved and agree the afformentioned points from Rich are too narrow minded....i'm sure you must have read the Daily Mail there Rich  :wink:

However, Labour have less control over the economy than people care to think - Gordon Brown handed a lot of control to The Bank of England many years ago. Whilst Mr Brown has handled what he is responsible for well, interest rates and inflation are ultimately out of the government's control.

Simon - very true.

your right Si i think i must be reading too much daily mail! im so anti Labour its unbeliveable!

I sometimes read the daily mail for a bit of a laugh, it scares me that people take it seriously

ferkin dot com greedy short termist bastards skewed the whole market up - it's probably about right now - considering we don't make anything anymore.
except for reality TV programs
depressing pop anthems
comedy degrees
fat kids
and nuclear waste!

The Daily Mail is pure evil and should be banned.

But where would my mother be without her daily health-scare fix?

Without the watchful advice of the daily mail she'd probably have mrsa by now.

Mathematicians at top boffin coffin Oxford university have uncovered a secret code in the pages of The Daily Mail.

Close study of the text has shocked the egghead community-revealing a series of cogent, legible messages, cunningly hidden within the rambling paragraphs of the unreasonable right-wing rabbit hutch liner

Dr Jonathan Arms and Dr Rebecca Sh, the authors of the research, which is published in this month's Science magazine, say they first noticed the phenomenon after staring blankly for several hours at a single Daily Mail article about laboratory conditions.

 "The journalist seemed to be blaming asylum seekers for him not liking the winning entry for the Turner Prize," Dr Arms explains "We just couldn't make head or tail of it.But then I thought of just reading every 50th letter."

 "And there it was." says Dr Sh."A secret message-'HELP HELP I AM AFRAID OF EVERYTHING'."

 Astonished by their findings, the pair continued and uncovered the tear-jerking "DESPITE MY COMFORTABLE LIFESTYLE I AM JEALOUS OF THE POOR AND NEEDY" woven into an otherwise senseless Lynda Lee Potter piece about babysitting "I DON'T TRUST ANYBODY" in a seemingly unintelligible article on why the new breed of working mums can have it all;and the phrase"COLOUREDS WILL EAT MY CHILDREN" threaded through a weeks worth of Fred Bassett cartoons.

class  :Ride On Fatbury's Lovestick  :Ride On Fatbury's Lovestick

I love you for that

exactly. a recovery prompted by the conservative government's failure.

and the tory party isn't exactly in a position to criticise labour accounting seeing as some of their own policies were proven to be fallible mathmatically (both in their last term and recent manifesto's).

Any ecconimical policies take a long to effect the economy as a whole. Same thing applies to health service, education etc.

I didn't vote for them but Labour have managed a good recovery of the econamy, The MRSA thing in the health service is down to tory cuts (a virus/disease, not sure which it is but don't matter, takes time to evolve, the fact it exists is down to tory cuts to the nhs.) Education is a difficult one because it was going pretty much unmeasured under tories, however labour have taken it too far with targets for school kids wherever they are from. You need a middle on it.......


I ain't making a lot of sense but I my main point that the tories are trying to blag points off the labour party for things which are their own fault in the first place still stands

yes, but the tories are and were always dodgy in theory and practice.

Crap I hope that didn't come across pro-tory, I hate all rightwing politics including labour now, although I'd still prefer them to the torys. Voted Lib Dem's in exeter for gen election. Don't agree with them on everything but more that I do for all the rest of the parties. anti-war, not lieing that the only way for better public services are higher taxes - and charging 100,000+ households for it, better welfare state ( I'm still nieve enough to believe that most people want to work), the country doesn't have an immagration problem, the county doesn't have an assylum problem just the system for giving them work permits need improving - as in taking less than 2years.

Wow I think I've come up with the ben manifesto.. vote for me. (And I'll legalise canabis)