Arborbridge wrote:Lootman wrote:I may go into this next inevitable Labour government holding no property assets or housing units for the first time since 1977. As the old saying goes, quit while you are ahead.
We hear this sort of stuff every time ther's a chance of a Labour government.
It's a regular joke that people get all up in the air, then nothing very much happens - and the harm inflicted by Tory governments somehow passes unnoticed.
To be fair, neither party or their supporters accept the harms and faults of their own part. Nor the successes of the opposing party.
Given that this thread is about inflation, we might consider how the purchasing power of the pound has changed since the "Tory" party has come to power. While we are at it we might reflect that Labour have not been out of power since the 70's, so clearly it has been possible for them to not hyper-inflate the currency in the past.
Personally I don't believe that the new government, whatever the party, can avoid it in the near term. The state simply has too many commitments and not enough income.