Is George Osborne managing the economy well?

image
Print Friendly

The Conservatives are focusing on the economy as their main strength to win the election.

The latest figures from the Office for National Statistics have shown that the UK economy grew by 2.6% last year which was the fastest rate since 2007 just before the economic recession and this rate was higher than most of the leading western economies.

However other statistics show there has been a slowdown in growth in the past three months. George Osborne says the economy is still “on track” while Ed Balls, the Shadow Chancellor, says that the figures for the last quarter are a concern and many people are worse off since 2010 with wages down on average by £1,600 per annum since then.

Who do you trust to run the economy? Are the Tories on track or could another party do a better job?

Is George Osborne managing the economy well?

848 people have already voted, what's your opinion? Yes No

What are your views?

We'd love to hear your comments

Not a member?

Join the silversurfers community today! It's free, easy to do, and is packed full of features and amazing offers!

Join the community!
Click here if you have forgotten your password
SovereignInventory
6th Mar 2015
0
Thanks for voting!
What amazes me is that people still believe the big lie that this country is doing well and that Labour caused the GLOBAL recession. By the way I am not a Labour supporter. Going back to Blair & 'new' labour, yes they did take their eye off the ball, but the Tories would have done nothing differently, as Blair et all were only following a slightly watered down form of Thatcherite policies - which in turn were nothing new, only copied from economists Milton Friedman & Friedrich Hayek. Gideon Osborne (even changed his name to George to not sound so posh) has done a great job for the wealthiest people in this country, but has hoodwinked a lot of middle earners that he's done a good job for them. As for the poorest in society, well they've got zero hours contracts, food banks, no OAP care, benefit cuts,etc... - I could go on. I wish this country would wake up and smell the roses. I don't think anything will change that much either if unfortunately red Ed gets voted in.
GorillasAreGo
15th Feb 2015
3
Thanks for voting!
I am not sure how anybody can claim that the economy is doing well?Whatever growth. has been created has gone to the wealthiest, 1% of individuals ,while many people are worse off than ever.Where are the well paid skilled jobs ?Workfare,zero hours contracts ,attacks by government on people with genuine disabilities ,pathetic payrises for nurses and teachers ,massive rises in energy bills ,rises in the cost of living ,deterioration in the effectiveness of the NHS (due to cuts and privatisation of services )etc etc -that is the reality for us as the Tories head a race to the bottom .If you are lucky and wealthy however then the Tories will help you to dodge millions in taxation ..This is not fair play ,this is in fact the attempted destruction of the remains of our post World War Two heritage. Whatever people may say about Ed Milliband he has the decency and the guts to stand up against the greedy frauds ,financial crooks and bullies of the big banks .The Tories along with their spineless Lib Dem allies just promote those people who help the crooks steal from us.
silver_sir
15th Feb 2015
5
Thanks for voting!
Labour bailed out the banks and they've not heard the end of it. Nearly two TRILLION was raised to keep the bankers afloat. They should have let them go to the wall for the good it has done the parties name.
The UK BOOMED under Labour, we now have deaths on the dole, tax cuts for the rich, VAT raised and dodgy MP's.
The sooner Ed gets in the sooner the UK will heal.
Wilf
21st Feb 2015
-3
Thanks for voting!
Last time Labour were in they left us with the biggest mess ever. Gordon was a joke
mick2e1hzm
26th Feb 2015
1
Thanks for voting!
Wilf looks like you are talking out of your hat, look at trade figures for the 12 mths before the rich tories took over and then 6 weeks after they went from 2.9% to 0.2%. Ask any one who nearly lost all their money or house when the GLOBAL ECCONOMY struck. Labour must have had some power to cause it
mick2e1hzm
2nd Mar 2015
0
Thanks for voting!
Archiebald, like I said it was a global thing nothing to do with the labour party, the Tories (Osborne) has spent £50000 fighting to stop the EU putting a cap on bankers bonus's and he gave hedge fund managers a big tax break, but they crucified disabled people who needed 2 bedrooms, sorry but it always will be that the Tories will look after the rich
Archiebald
2nd Mar 2015
-1
Thanks for voting!
Mick-yes I agree thats my point Labour were part of the problem. they cosied up to all the rich city bankers and took their eye off the ball then suddenly in September 2008 the economy fell off a cliff. The conservatives have not been perfect at all but at least the economy seems back on track and a lot better than Europe apart from Germany
Sterman
15th Feb 2015
5
Thanks for voting!
Although thecountry appears to be doing well, in actual fact most people, except the rich fat cats and pensioners have not had much of a pay increase for 5 years. George has borrowed more money in his term of 4years and a few months than Labour did in their 13 years. Whereas they say they have halved the deficit they have in fact doubled it.
daydreams
7th Feb 2015
3
Thanks for voting!
I have to say I'm with Issy!
rudgy
6th Feb 2015
1
Thanks for voting!
I'm afraid the Tories only manage the economy well for their rich mates .If all is well why are so many people using food banks .
Baxi
3rd Feb 2015
0
Thanks for voting!
I think the facts speak for themselves. Two terms with Labour left the country on its knees. All opposition parties knock the leadership - it's not very productive and whilst I believe in a healthy debate I can't stand all the cheap shots all the parties shoot at each other.

I've not had any confidence in any recent Labour politician since John Smith.
Sterman
15th Feb 2015
2
Thanks for voting!
Labour did not leave this country on its knees , that is Tory lies. don't believewhat you are told. Read the truth.

Here is the truth: http://www.ukpublicspending.co.uk/uk_national_debt
Wilf
21st Feb 2015
1
Thanks for voting!
The UK was a total mess after Labour left it in 2008
mick2e1hzm
23rd Feb 2015
0
Thanks for voting!
Sorry Wilf you are singing the tory hymn the tory crippled us within 6 mths we had a growth of 2.9% after the election -0.2 percent thanks to the tories
Wilf
26th Feb 2015
-1
Thanks for voting!
But Mick the reason the growth rate stopped in 2009 was because the world went into recession-most countries- and Labour had caused a boom...then bust!
drmerlin
11th Feb 2015
2
Thanks for voting!
It is true that Labour made some big mistakes when they were in office under Margaret Thatcher's prodigy Tony Blair. Just like the Tories, Blair and his disciples thought that the answer was to allow unethical corporates to get away with murder. Fortunately, Labour is now appropriately opposed to such business... unlike the Tories. The economy only works for the wealthy, The NHS is in decline because of Conservative policy. We MUST learn from history and vote Labour under Ed Miliband to start to do things differently
Archiebald
13th Feb 2015
0
Thanks for voting!
Big mistakes..yes helped to destabilise the whole of the Middle East and helped create the biggest economic mess since 1929...not bad going eh?
drmerlin
13th Feb 2015
0
Thanks for voting!
Totally agree with you about Blair destabilising the Middle East. I think he and Bush should be tried as war criminals. As for the biggest financial crisis since 1929, that is what happens when you follow Conservative policies. However, I repeat, to suppose that the Conservatives would have done anything different had they been in power is naive. If you want to understand the roots of the financial crisis of 2008 you have to go back to Thatcher and Reagan. The biggest economic mess since 1929 was caused by a Conservative approach to government under Blair pursuing deregulation of the financial sector. That was pretty unforgivable. It is a shame that this government has not learned that lesson...
drmerlin
13th Feb 2015
2
Thanks for voting!
Oh yes... one more thing Archiebald. We look forward to working with you in coalition after May 5th 😉
Wombat
13th Feb 2015
-2
Thanks for voting!
What a load of rubbish! It's the economy that creates the wealth to finance the public services, including the NHS - which is doing a fantastic job. The Coalition has continued Labour's budget for the NHS, plus some - don't be fooled by Labour rhetoric. If anything it is saddled with ill-negotiated PFI contacts negotiated under incompetent Labour, devoid of financial nouse; the biggest privatisation you could imagine; all done with Miliband and Balls in the Treasury. Why did Burnham seek quotations to 'privatise' Hinchingbroke Hospital and subsequently hypocritically criticise the Coalition for simply following through his plan in choosing one of the firms he selected to quote? (Note - not really privatise, just subcontact the management - of which Labour subcontacted 5% of services to which the Coalition have only added 1%) We must keep these incompetents out of government. Labour will always make the mistakes you refer to. Remember Brown and Blair's statement that they had abolished boom and bust?
Remember how Labour also left the country in 1979? There's nobody as blind as those who don't want to see. If you want more points - who left less social housing at the end of 13 years in power, than they had at the beginning? Who allowed 4 million mainly unskilled immigrants into the country in their last 10 years in power, undermining the minimum wage, and making no plans for housing, schools and hospitals to cover these people? Want any more?
drmerlin
13th Feb 2015
4
Thanks for voting!
Oh dear... Poor Wombat. You really have fallen hook line and sinker for the Lynton Crosby effect haven't you?

I know that whatever I write will not change your view because, as you say, "There's nobody as blind as those who don't want to see" but I will have a go at setting you straight on a few facts... Not Labour rhetoric... solid fact.

First I will totally agree with you about the Balir administration... As I said, Tony Blair was Margaret Thatcher's greatest achievement. She actually said this herself. It is the pursuance of Conservative Policy by the previous Conservative Government, the last Labour government and this coalition that have resulted in the mess that we are in.

Let me start with the NHS. I am a Consultant in the NHS with more than 30 years experience. I totally agree with you about the disaster of PFI contracts. Are you aware that PFI was John Major's flagship policy? So Blair continuing this is a continuation of a disastrous Tory policy.... as was the privatisation of Hinchingbrooke, turning the NHS into a market place etc.

Of course it is the private sector that raises money for public services. Nobody is against ethical business who pay their staff properly and pay their taxes. Their are countless examples of such companies in this wonderful country and all power to their elbow!

However, the blind faith that Tories have in big business is frightening. I believe in a democracy where people determine government and policies and NOT big business (watch this week's Panorama and see one of your Conservative colleagues admitting that big business influences government policy). Oh yes, let me deal with the pathetic counter-argument put by the right wing about the Unions funding the Labour Part... Of course they do! The Labour Party was started 100 years ago to represent the interests of working people because they were NOT properly represented by the political establishment of the time. I am not defending the abuses of the Unions 35 years ago but believe that the Unions are more representative of working people than the Conservatives can ever be.

Back to the NHS. In the past 5 years 20 billion pounds has been taken OUT of the NHS. Over the next 5 years the Conservatives plan to take out a further 22 billion... This is a FACT! I go to the meetings every week where we are in the process of planning what are euphemistically called 'Cost Improvement Plans' (CIP). At the same time, social care has been slashed to the point where psychiatrically disturbed children cannot be admitted to hospital because of a lack of beds or alternative care. Once again, this is a FACT. Similarly, we have to contend with daily bed-blocking by people who need social care which is no longer available because of the decimation of social services budgets. This ends up costing us even more!

This government spent 3 billion pounds on a reorganisation that even they do not understand. It has been pointless and achieved absolutely nothing.

Now let's turn to the deficit. We now owe significantly more than we did in 2010. Cuts to welfare have caused untold misery with no savings. The bedroom tax costs more to administer than it has saved and, as a Consultant, I deal with suicidal people on a weekly basis who do not where to turn or how to resolve their situation.

I could go on and on about the unbelievable incompetence and misdirected nature of this government but will just deal with another couple of points...

The vast majority of the welfare budget is consumed by pensioners (who have just been given a tax giveaway by Osborne and who tend to be Tory Voters) and by low income families who are subsidised by the taxpayer because of the appalling way in which so many businesses treat them (zero hours contracts, being paid below minimum wages etc). I will leave out the absolute 'con' that many of the statistics are about new business start-ups. We need good business to actually generate taxes. We don't need governments to keep subsidising big businesses who enjoy huge profits and have their low paid staff cared for by the tax system.

The last point I will make to you Mr Wombat is about immigrants. Immigrants contribute more to the economy than they take out... Immigration is GOOD for the country. I do not know if you are a UKIP voter or a Tory (It is never easy to tell the difference - if there is, indeed, one). Just be very careful about blaming particular groups of people for the ills of this country... That is how it all started in Nazi Germany. This is particularly dangerous rhetoric at a time when antisemitism and islamaphobia is gripping Europe.

Hope you learned something...
drmerlin
13th Feb 2015
2
Thanks for voting!
Archiebald: I am sorry that you disagree. Let me be absolutely clear about what I am saying. Labour's huge mistake was following the Tory lead of capitulating to big business... They, like the Conservatives, got far too close. Might I remind you what actually happened... The banks squandered billions in casino banking... They bet, and lost, with our money. The government had no choice but to bail them out. This is what we are all paying for now. You would be naive to believe that the current government, had they been in power then would not have done EXACTLY the same thing. Let us not forget that as the opposition, the Tories never challenged what was going on. This does not excuse Labour at all. However, what happened was the inevitable result of Thatcher and Reagan's policies of the 1980's. Blair won the country over by persuading them that he could be more free market than the Tories and we all fell for it.

You also blame Labour for what was an international crisis.

Let us all clear up another issue. Labour is definitely NOT anti-business. They are very much pro-business. However, a distinction must be made between opposing large corporates who fail to pay their tax and also employ people on appalling contracts and pay which results in us, the taxpayers, having to subsidise them.

There are numerous examples of superb big businesses in this country who care about their staff, pay their taxes and genuinely contribute to the economy. That is the kind of business that we need to back to the hilt.

Until the international community tackles the abuses of many of the banks and those corporates who employ armies of accountants and lawyers to avoid tax and devise creative ways of avoiding their responsibilities as ethical employers, democracy will continue to decline and policy will be devised by a few immensely wealthy individuals who have the power to dictate policy to suit their own greed.

I am all for success (and indeed wealth) that has been fairly and squarely earned. I (as I am sure you are) am a taxpayer who earns well and makes my fair contribution to our country and community. All that we ask for is that everyone should do the same. No rules for one group in society above another.
Archiebald
13th Feb 2015
-4
Thanks for voting!
Drmerlin. have to say I do not agree with many of your points Labour ruined the country 5 years ago. I am not saying the conservatives are much better but it looks to me like labour would penalise companies again and stifle any growth we have
Issy
31st Jan 2015
3
Thanks for voting!
I do think that we are partially on the right track towards financial improvement only wish that some of the money handed abroad was kept here for NHS investment and less benefits paid out unless really needed but the cutbacks always affect the wrong people those that have worked and paid into this country some from the age of fourteen / fifteen I know they say we have an ageing population but this is the generation that helped make Britain great then with sheer commitment to work for what we needed
Munsterlander
30th Jan 2015
3
Thanks for voting!
Lets face it,the last two labour governments has left the country on its knees. Don't people remember? I'm not saying vote conservative, but please please lets not make the same mistake again . We should learn from history.
Munsterlander
13th Feb 2015
-3
Thanks for voting!
Good point. I'm going to vote conservative.
rudgy
13th Feb 2015
-2
Thanks for voting!
Archiebald
13th Feb 2015
2
Thanks for voting!
Who are you voting for rudgy...which amazing party will "fix" UK Ltd?
rudgy
14th Feb 2015
1
Thanks for voting!
Archiebald: Zero hours ,more austerity ,poverty ,more homeless people, food banks .
So you can guess I will not be voting Tory .How is it were in it together just think about the posh boys and all their tax evasion ,but you could be one of them .
Wombat
13th Feb 2015
0
Thanks for voting!
I guess you mean 1979 and 2010? Also why not vote Conservative? I come from a working class background and have had to make my way in life. I can recognise financial competence when I see it - as you yourself has deduced. The Conservatives have picked up the economy and need to bring it to fruition. Labour, despite saying they had abolished boom and bust, took our economy down 7% - but nobody had their wages and salaries reduced. This 7% had to be made up before earnings could start to rise again.
drmerlin
14th Feb 2015
1
Thanks for voting!
The amount that this country owes since 2010 - vastly increased, The amount of tax that the government collects - vastly decreased. The number of working people using food banks - vastly increased. The effect on public services - utter decimation. Money wasted on crackpot schemes such as NHS reorganisation or free schools - billions of pounds wasted. Number of prosecutions for illegal tax evasion - 1! A cost of living crisis for the many while Osborne fights any attempt to limit bankers' bonuses... And you believe you can recognise economic competence??? Really???
Wilf
29th Jan 2015
3
Thanks for voting!
I think the economy seems to be doing better now than in the last few years. Employment is at its highest ever if you believe the official figures. Not sure we want to change the current Tory economic strategy just make sure the rich pay a bit more tax and especially these huge companies like Amazon and Google!
drmerlin
13th Feb 2015
3
Thanks for voting!
Come on... Let's apply a little intelligence here. "Employment is the highest it has ever been"... Whoopee! Then why is it that the tax take from employment is the LOWEST it has ever been??? Zero hours contracts, low paid jobs subsidised by the taxpayer and other 'scams' simply massage the figures to help Lynton Crosby and his like make out that things are much better than they are. The economic cycle means that the recovery was inevitable regardless of what this dreadful government did. The gap between the richest and poorest has soared. Most people are NOT experiencing economic recovery. In the NHS where I work we are about to have another 22 billion pounds chopped! Public services are being decimated, bankers bonuses (for complete incompetence) are rising and productivity is dropping because of the myth that if you make the rich richer then we all benefit.

It is clear that this site is clearly conservative and the conservatives never let fact get in the way of dogma...
Archiebald
13th Feb 2015
1
Thanks for voting!
You sound like a real leftie drmerlin..site is clearly conservative..really? and what makes you think that...I vote Green party...keep ramping up growth and suddenly mother earth will have nothing more to offer!
drmerlin
13th Feb 2015
0
Thanks for voting!
Archiebald... apologies my friend. I am indeed a proud lefty... I care about those who struggle and are disadvantaged. Thrilled to hear that you are a Green supporter. I completely support your views on the environment. The Greens are the only other serious party that I would consider voting for... Good socialist credentials 🙂
rudgy
6th Feb 2015
3
Thanks for voting!
If you think the economy is doing well you live in a different country from me.Employment figures are a fiddle ,taking people of the employment register and them working zero hours not knowing what they are going to be paid ,then having to claim benefit to be able to help pay bills .
drmerlin
13th Feb 2015
2
Thanks for voting!
Thank goodness... at least one other person on this site who is not sucked in by right wing propaganda!
Sterman
15th Feb 2015
1
Thanks for voting!
There is more than one other leftie on this site. The Problem with Silver Surfers is that they want to vote conservative because they believe that it the 'respectable' thing to do. They think that by doing that they are almost like the rich people they would like to be. They don't bother to think for themselves, Just believe what you are told, then everything is fine. No it's not fine. This country is in a mess which started because of the bankers and then the coalition took over and made it so much worse. They only know how to take money from the poor and force them from their homes with the bedroom tax, which in real terms costs far more than it saves. Look it all up on the internet. It is all available if you want to read it for yourself.
Wilf
21st Feb 2015
1
Thanks for voting!
Think there are about 20 million people clased as Silversurfers...are all of them voting conservative? Think not!
drmerlin
16th Feb 2015
0
Thanks for voting!
I could not agree more!
Lizzieg
15th Feb 2015
3
Thanks for voting!
OK - I have a problem with your phrase, "The Problem with Silver Surfers is that they want to vote conservative because they believe that it the 'respectable' thing to do.". 1. I'm a Silver surfer; 2) I don't want to vote conservative and 3) it's got nothing whatsoever believing "...it is the 'respectable' thing to do." I wouldn't vote conservative because they care only about themselves and their rich cronies. The care nothing for ordinary people and, in fact have demonised people who haven't had the "good fortune" to be "one of them".
Archiebald
7th Feb 2015
-1
Thanks for voting!
More people seem to be employed now than recent years. Economic indicators seem to be showing a slow recovery...at least we are not in the total mess that countries like Greece, Spain & Italy are in
drmerlin
16th Feb 2015
1
Thanks for voting!
You have still not addressed the fact that despite more people being employed, the tax take from the employed is DOWN. This is because so many of these so-called new jobs are low-paid, zero hours contracts etc. Self-employment is the biggest con... For example, once upon a time, if you wanted to be a delivery driver, you joined a firm who supplied the van, petrol etc. You had a proper job with proper working conditions and rights. Now many van drivers have to provide their own van, service and maintain it etc. They have to work stupid numbers of hours to barely survive. However, all that is important for the Tories is to say, look at how unemployment is falling!!!

At the same time, productivity remains an issue in Britain. Give people proper jobs for a living wage and watch productivity grow! More people in proper jobs will pay more tax and then we might begin to see sustainable growth in the economy that will benefit us all.

Community Terms & Conditions

Content standards

These content standards apply to any and all material which you contribute to our site (contributions), and to any interactive services associated with it.

You must comply with the spirit of the following standards as well as the letter. The standards apply to each part of any contribution as well as to its whole.

Contributions must:

be accurate (where they state facts); be genuinely held (where they state opinions); and comply with applicable law in the UK and in any country from which they are posted.

Contributions must not:

contain any material which is defamatory of any person; or contain any material which is obscene, offensive, hateful or inflammatory; or promote sexually explicit material; or promote violence; promote discrimination based on race, sex, religion, nationality, disability, sexual orientation or age; or infringe any copyright, database right or trade mark of any other person; or be likely to deceive any person; or be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence; or promote any illegal activity; or be threatening, abuse or invade another’s privacy, or cause annoyance, inconvenience or needless anxiety; or be likely to harass, upset, embarrass, alarm or annoy any other person; or be used to impersonate any person, or to misrepresent your identity or affiliation with any person; or give the impression that they emanate from us, if this is not the case; or advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse.

Nurturing a safe environment

Our Silversurfers community is designed to foster friendships, based on trust, honesty, integrity and loyalty and is underpinned by these values.

We don't tolerate swearing, and reserve the right to remove any posts which we feel may offend others... let's keep it friendly!

More General Election 2015

Will the weather determine whether you go to the Polling station? Rain drops falling from a black umbrella
With the General Election rapidly approaching many of us can't wait for it to be over! There...
Will you be using your vote for personality or policy? Downing Street
With the 2015 General Election just over a week away, three politicians, David Cameron, Ed...
Which coalition do you find more palatable? Team
Another lively television debate tonight, with just five of the main parties is over. And now...
Do you influence the younger generation who are of voting age in your family? Group of Young Students with Speech Bubbles
Many of us have teenage children and grandchildren who are likely to be voting in their first...
Should smoking be brought back into pubs? smoking-nigel
The smoking ban came into force in the UK in July 2007 and to most of us no smoking is the norm...
Will you vote in person or by post? Red Checkmark In Vote Checkbox, Pen Lying On Ballot Paper
There are many ways to vote that reduce barriers and allow all those eligible to vote; proxy...
Do the current political campaigns affect the way you will vote? Voter
The mudslinging and character assassination is in full swing with the run up to the General...
Do you feel the economy is getting better? Mature Man Stacking Coins
The Conservatives and Liberal Democrats have said their economic strategy is working as the latest...
Will you vote in the 2015 General Election? Voting Concept - Ballot Box With National Flag On Background - U
National Voter Registration Day is taking place on 5 February 2015 as part of a UK-wide week of...
What will the Green Party do for you? Green_Party_logo-1
We asked the Green Party what their manifesto offered Silversurfers, and here are some key...
Will you be tuning in to the pre-General Election TV debate? imgo-1
Battlelines have been drawn for the only major TV debate of the election campaign, when seven...
Has the budget helped you? George Osborne
The Chancellor George Osborne announced his new budget yesterday with some benefits for the over...