by Bo-Gilly » Thu Nov 17, 2011 3:32 pm
[quote]The IMF only had to bail us out because once again a Labour government had run out of other people's money.
Only because the Tories lost the 1974 general election and failed to form a coalition government with the Liberals ........ otherwise
they would have gone to the IMF !
Three days after the general election in 1974, which had resulted in a hung parliament, Ted Heath approached Liberal Party leader Jeremy Thorpe with the offer of a coalition government. He informed Thorpe that he had made preparations to apply for a loan from the IMF.
Thorpe turned down Heath's offer, and Heath had to vacate Number 10 for Harold Wilson (the jibe at the time was "there's a squatter in Number 10"). Heath therefore never had the opportunity to go 'cap in hand' to the IMF, as he had fully intended to, and which is minuted and documented.
However despite the economic mess left by the Tories, Wilson was able to hang on for another two years before asking for an IMF loan. The Tories would have simply gone earlier !!!
Don't believe me ? Well don't take my word for it then......take the Daily Mail's word, I'm sure the staunch and unwavering loyal Tory newspaper, is one which you both admire and respect.
[url=http://www.dailymail.co.uk/news/article-1239930/How-Prime-Minister-Ted-Heath-nearly-went-International-Monetary-Fund-loan-1974.html]How former Prime Minister Ted Heath nearly went to the International Monetary Fund for a loan in 1974[/url]
Quote :
The Tory prime minister was preparing to go ‘cap in hand’ to the IMF and to take ‘unpleasant measures’, archives reveal.
It is an embarrassing revelation for the Tories, who still make political capital out of the 1976 crisis when Labour chancellor Denis Healey had to submit to IMF supervision to get a loan.
The minutes read: ‘On a Privy Councillor basis the prime minister told Mr Thorpe that preparations had been made for a drawing [a loan] on the IMF.’
So nearly, but not quite......because the electorate kicked out the Tories !
[quote]dictated to, by the all-powerful unions. Given that at least one of them, Jack Jones of the TGWU, was at the time in the pay of the KGB and therefore guilty of treason, quite a few of those old codgers should have been swinging from a rope long before good old Mrs T finally took them on.
Really mate, despite having read many of your posts I'm still shocked at the depths you're prepared to plummet. You are one of the few people I know that risks making Richard Littlejohn seem moderate.