| Good piece on the state of Britain after 10 years of austerity 10:08 - Feb 4 with 18441 views | Steve_M |
A lost decade even before the pointless, self-defeating waste of political energy that Brexit will continue to be for the next decade.
https://www.theatlantic.com/international/archive/2020/02/boris-johnson-britain-
"The most striking example of this is the constellation of problems caused by cuts to local councils, which have lost nearly 60 percent of the funding that the central government previously gave them. The knock-on effects can be seen across the public realm: Six hundred youth clubs have closed in the past decade; 800 libraries have gone; public-health measures, such as anti-smoking campaigns and nutritional awareness, were excluded from the “ring fence” that protected the NHS budget during austerity, resulting in avoidable illnesses costing the health service billions of pounds."
Lewis's concluding paragraph is too optimistic though, Johnson and his successors will continue to blame everyone and everything rather than ever accept responsibility. We need a competent opposition very badly at the moment. |  |
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| Good piece on the state of Britain after 10 years of austerity on 13:38 - Feb 4 with 3699 views | HARRY10 |
| Good piece on the state of Britain after 10 years of austerity on 12:50 - Feb 4 by flimflam |
No but it created the need to bail out the banks and print billions of QE.
And the light touch implemented by Brown on the financial sector exposed us to the sub prime crash so the government does have some responsibility. |
eh ?
It was not the UK economy that caused the crash - it was merely one of the worldwide economies which were caught up in the fallout from almost unregulated lending in the US.
It should be astonishing to read such ill informed guff when there is so much imnfo freely available but it seems to be a common trait among these Tory apologists. |  | | |
| Got to agree, shame on Labour for digging the financial hole on 13:38 - Feb 4 with 3699 views | LeoMuff |
| Got to agree, shame on Labour for digging the financial hole on 13:29 - Feb 4 by Marshalls_Mullet |
I didn't make a poor choice on brexit. |
Well we will soon find out, can’t see the EU, China , USA or India riding to our rescue anytime soon though. |  |
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| Got to agree, shame on Labour for digging the financial hole on 13:52 - Feb 4 with 3674 views | Marshalls_Mullet |
| Got to agree, shame on Labour for digging the financial hole on 13:36 - Feb 4 by Darth_Koont |
As a country we did. And unapologetically too, both at the time and even since when the facts have emerged and Brexit has taken on a real shape.
There's an individual and collective responsibility here that we'd apparently rather pass on to politicians and the media. And then complain about afterwards. |
I wont be holding myself responsible for other peoples choice.
But if you choose to, then thats OK. |  |
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| Good piece on the state of Britain after 10 years of austerity on 13:53 - Feb 4 with 3673 views | Darth_Koont |
| Good piece on the state of Britain after 10 years of austerity on 13:20 - Feb 4 by lowhouseblue |
you do realise that public spending hasn't been cut - even in real terms it is significantly higher than in 2008 and has been every year since then. equally tax receipts are also higher. so "state spending is reduced so as to cut taxation" doesn't match the facts. |
How do those look against GDP? The tax yield has gone up as the global economy has recovered but spending has gone down. And we're a long way behind in relation to our more progressive neighbours.
So how have we invested in these times of growth and what happens when the economy turns as it will? And why did we punish the people who most needed support with austerity cuts that were more ideological and political than economic? |  |
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| Got to agree, shame on Labour for digging the financial hole on 13:53 - Feb 4 with 3673 views | Marshalls_Mullet |
| Got to agree, shame on Labour for digging the financial hole on 13:29 - Feb 4 by Marshalls_Mullet |
I didn't make a poor choice on brexit. |
Why the downvote Harry10?  | |
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| Got to agree, shame on Labour for digging the financial hole on 13:53 - Feb 4 with 3673 views | Darth_Koont |
| Got to agree, shame on Labour for digging the financial hole on 13:52 - Feb 4 by Marshalls_Mullet |
I wont be holding myself responsible for other peoples choice.
But if you choose to, then thats OK. |
Eh? | |
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| Got to agree, shame on Labour for digging the financial hole on 13:55 - Feb 4 with 3666 views | Marshalls_Mullet |
| Got to agree, shame on Labour for digging the financial hole on 13:53 - Feb 4 by Darth_Koont |
Eh? |
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| Got to agree, shame on Labour for digging the financial hole on 14:03 - Feb 4 with 3650 views | Darth_Koont |
| Got to agree, shame on Labour for digging the financial hole on 13:55 - Feb 4 by Marshalls_Mullet |
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I'm bored now. I'll leave you to it. | |
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| Got to agree, shame on Labour for digging the financial hole on 14:06 - Feb 4 with 3642 views | Marshalls_Mullet |
| Got to agree, shame on Labour for digging the financial hole on 14:03 - Feb 4 by Darth_Koont |
I'm bored now. I'll leave you to it. |
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| Good piece on the state of Britain after 10 years of austerity on 14:19 - Feb 4 with 3621 views | HARRY10 |
| Good piece on the state of Britain after 10 years of austerity on 13:20 - Feb 4 by lowhouseblue |
you do realise that public spending hasn't been cut - even in real terms it is significantly higher than in 2008 and has been every year since then. equally tax receipts are also higher. so "state spending is reduced so as to cut taxation" doesn't match the facts. |
That is a lie - see first two charts
https://www.ukpublicspending.co.uk/uk_national_spending_analysis
and tax receipts you be measured by overall percentage of GDP and after allowing for inflation which in both cases show you claim to be false.
My point was not to state what the figures were but the intent | | | |
| Good piece on the state of Britain after 10 years of austerity on 14:35 - Feb 4 with 3606 views | Swansea_Blue |
| Good piece on the state of Britain after 10 years of austerity on 14:19 - Feb 4 by HARRY10 |
That is a lie - see first two charts
https://www.ukpublicspending.co.uk/uk_national_spending_analysis
and tax receipts you be measured by overall percentage of GDP and after allowing for inflation which in both cases show you claim to be false.
My point was not to state what the figures were but the intent |
In real terms public spending it's higher now than 2008, but that doesn't tell the story. It's simply not keeping pace with the rising demand & costs and we're seeing the lowest annual percentage increases for some considerable time (in actual spend - in real terms public spend has flatlined since 2010 and has fallen as a percentage of GDP).
So it wasn't strictly a lie, just willfully misleading (people can argue the semantics over whether there's a difference). [Post edited 4 Feb 2020 14:44]
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| Good piece on the state of Britain after 10 years of austerity on 14:37 - Feb 4 with 3603 views | factual_blue |
| Good piece on the state of Britain after 10 years of austerity on 12:35 - Feb 4 by flimflam |
What was the alternative? To continue borrowing and spending above our means?
The spend and borrow culture had failed and the crash in 2008 was the final nail in its coffin.
Something had to be done as you cannot forever go on printing funny money so there had to be cuts.
Whether the cuts were too deep then that is up for discussion but not really sure what the alternatives were. |
Explain, with diagrams and tables, how the collapse of the toxic loans market in the United States was caused by the UK Government. Include in your answer how Alistair Darling ensured cash machines in the UK didn't have to be closed.
cameron peddled this lie, and people believed it. It's utter, utter tosh. |  |
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| Good piece on the state of Britain after 10 years of austerity on 14:46 - Feb 4 with 3580 views | lowhouseblue |
| Good piece on the state of Britain after 10 years of austerity on 14:19 - Feb 4 by HARRY10 |
That is a lie - see first two charts
https://www.ukpublicspending.co.uk/uk_national_spending_analysis
and tax receipts you be measured by overall percentage of GDP and after allowing for inflation which in both cases show you claim to be false.
My point was not to state what the figures were but the intent |
what do you mean that's a lie? what i posted is completely factual. I don't know about 'the intent' but I posted what the figures are.
https://www.ifs.org.uk/tools_and_resources/fiscal_facts/public_spending_survey/t
I've no idea what your 2nd sentence means. |  |
| And so as the loose-bowelled pigeon of time swoops low over the unsuspecting tourist of destiny, and the flatulent skunk of fate wanders into the air-conditioning system of eternity, I notice it's the end of the show |
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| Good piece on the state of Britain after 10 years of austerity on 14:50 - Feb 4 with 3564 views | lowhouseblue |
| Good piece on the state of Britain after 10 years of austerity on 14:35 - Feb 4 by Swansea_Blue |
In real terms public spending it's higher now than 2008, but that doesn't tell the story. It's simply not keeping pace with the rising demand & costs and we're seeing the lowest annual percentage increases for some considerable time (in actual spend - in real terms public spend has flatlined since 2010 and has fallen as a percentage of GDP).
So it wasn't strictly a lie, just willfully misleading (people can argue the semantics over whether there's a difference). [Post edited 4 Feb 2020 14:44]
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it's not misleading. public spending has risen in real terms throughout. from 1997 to 2010 it rose dramatically quickly in real terms. from 2010 onwards it has risen slowly in real terms. from 2010 it may well not have risen quickly enough given demand - that is the essence of austerity. but if you take the whole longer period from 1997 public spending has risen in real terms at an historically high rate. | |
| And so as the loose-bowelled pigeon of time swoops low over the unsuspecting tourist of destiny, and the flatulent skunk of fate wanders into the air-conditioning system of eternity, I notice it's the end of the show |
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| Good piece on the state of Britain after 10 years of austerity on 14:59 - Feb 4 with 3546 views | Radlett_blue |
| Good piece on the state of Britain after 10 years of austerity on 14:35 - Feb 4 by Swansea_Blue |
In real terms public spending it's higher now than 2008, but that doesn't tell the story. It's simply not keeping pace with the rising demand & costs and we're seeing the lowest annual percentage increases for some considerable time (in actual spend - in real terms public spend has flatlined since 2010 and has fallen as a percentage of GDP).
So it wasn't strictly a lie, just willfully misleading (people can argue the semantics over whether there's a difference). [Post edited 4 Feb 2020 14:44]
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I wouldn't find it hard to cut public spending. I'd start with abolishing or dramatically reducing overseas aid. This was over £14 billion in 2017, including giving "aid" to countries such as India, which feel able to afford expensive space programmes. |  |
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| Good piece on the state of Britain after 10 years of austerity on 16:28 - Feb 4 with 3510 views | flimflam |
| Good piece on the state of Britain after 10 years of austerity on 13:38 - Feb 4 by HARRY10 |
eh ?
It was not the UK economy that caused the crash - it was merely one of the worldwide economies which were caught up in the fallout from almost unregulated lending in the US.
It should be astonishing to read such ill informed guff when there is so much imnfo freely available but it seems to be a common trait among these Tory apologists. |
Learn to read before being an utter weapon.
Exposed to does not equate to created numbnuts. |  |
| All men and women are created, by the, you know the, you know the thing. |
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| Good piece on the state of Britain after 10 years of austerity on 16:38 - Feb 4 with 3494 views | Darth_Koont |
| Good piece on the state of Britain after 10 years of austerity on 14:50 - Feb 4 by lowhouseblue |
it's not misleading. public spending has risen in real terms throughout. from 1997 to 2010 it rose dramatically quickly in real terms. from 2010 onwards it has risen slowly in real terms. from 2010 it may well not have risen quickly enough given demand - that is the essence of austerity. but if you take the whole longer period from 1997 public spending has risen in real terms at an historically high rate. |
Historically high for us or for other civilized Western countries? Show me a similar country where public spending isn't increasing in real terms or tax yield isn't going up.
You seem to be congratulating the Tories for being at the back of the pack (and Labour before them for being simply average). [Post edited 4 Feb 2020 16:53]
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| Good piece on the state of Britain after 10 years of austerity on 16:48 - Feb 4 with 3478 views | mos |
How do you think we should have dealt with the 2008/9 financial crisis, when the nation had a massive budget deficit to the sum of around £160bn?
How would you have tackled the crisis of 2008-9... With government expenditure? |  |
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| Good piece on the state of Britain after 10 years of austerity on 16:50 - Feb 4 with 3474 views | HARRY10 |
| Good piece on the state of Britain after 10 years of austerity on 16:28 - Feb 4 by flimflam |
Learn to read before being an utter weapon.
Exposed to does not equate to created numbnuts. |
I'm sure you can point out where I used those words in you quote | | | |
| Good piece on the state of Britain after 10 years of austerity on 16:53 - Feb 4 with 3469 views | LeoMuff |
| Good piece on the state of Britain after 10 years of austerity on 16:48 - Feb 4 by mos |
How do you think we should have dealt with the 2008/9 financial crisis, when the nation had a massive budget deficit to the sum of around £160bn?
How would you have tackled the crisis of 2008-9... With government expenditure? |
Maybe to tax corporations, property, inheritance, high earners more ?
Just a thought - as opposed to cuts to the nhs, police, education, and the poorest Andy most vulnerable n society.... | |
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| Good piece on the state of Britain after 10 years of austerity on 16:55 - Feb 4 with 3463 views | Radlett_blue |
| Good piece on the state of Britain after 10 years of austerity on 16:53 - Feb 4 by LeoMuff |
Maybe to tax corporations, property, inheritance, high earners more ?
Just a thought - as opposed to cuts to the nhs, police, education, and the poorest Andy most vulnerable n society.... |
Your policy would have caused the mother of all recessions. | |
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| Good piece on the state of Britain after 10 years of austerity on 17:03 - Feb 4 with 3445 views | HARRY10 |
| Good piece on the state of Britain after 10 years of austerity on 14:50 - Feb 4 by lowhouseblue |
it's not misleading. public spending has risen in real terms throughout. from 1997 to 2010 it rose dramatically quickly in real terms. from 2010 onwards it has risen slowly in real terms. from 2010 it may well not have risen quickly enough given demand - that is the essence of austerity. but if you take the whole longer period from 1997 public spending has risen in real terms at an historically high rate. |
it has NOT risen in real terms, and has also dropped as a percentage of GDP
https://www.ukpublicspending.co.uk/uk_national_spending_analysis
the concern is that even when this stuff can be easily checked you lot still trot out lies | | | |
| Good piece on the state of Britain after 10 years of austerity on 17:05 - Feb 4 with 3442 views | Darth_Koont |
| Good piece on the state of Britain after 10 years of austerity on 16:55 - Feb 4 by Radlett_blue |
Your policy would have caused the mother of all recessions. |
Why?
We have to get off this mantra that higher taxation is worse for the economy or productivity or investment or whatever. The simple fact is that we have one of the lowest tax takes and public spending as well as one of the lowest growth and productivity levels - at the same time as one of the highest levels of wealth inequality and child poverty.
What are we getting wrong and why are we being out performed on so many measures? We're watching structural weaknesses develop in our economy and society but still can't admit that maybe we're going about things the wrong way. | |
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| Good piece on the state of Britain after 10 years of austerity on 17:17 - Feb 4 with 3430 views | mos |
| Good piece on the state of Britain after 10 years of austerity on 16:53 - Feb 4 by LeoMuff |
Maybe to tax corporations, property, inheritance, high earners more ?
Just a thought - as opposed to cuts to the nhs, police, education, and the poorest Andy most vulnerable n society.... |
In a time of high unemployment, low output and negative economic growth (measured by GDP change per year), I’m not sure increasing costs for firms/businesses would necessarily be the go to plan to combat the problems stated... More workers would be made unemployed and output would only decrease, this would only create a vicious cycle of decline whereby the consumer market would suffer from the lack of spending due to higher unemployment and investment would also decline.
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| Good piece on the state of Britain after 10 years of austerity on 17:18 - Feb 4 with 3428 views | HARRY10 |
| Good piece on the state of Britain after 10 years of austerity on 17:05 - Feb 4 by Darth_Koont |
Why?
We have to get off this mantra that higher taxation is worse for the economy or productivity or investment or whatever. The simple fact is that we have one of the lowest tax takes and public spending as well as one of the lowest growth and productivity levels - at the same time as one of the highest levels of wealth inequality and child poverty.
What are we getting wrong and why are we being out performed on so many measures? We're watching structural weaknesses develop in our economy and society but still can't admit that maybe we're going about things the wrong way. |
Norway use oil revenue to built a wealth fund
UK (Thatcher) use oil revenue to fund tax cuts | | | |
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