| Another Labour own goal 14:08 - Nov 13 with 4077 views | onceablue |
Interest rates and inflation on the increase following budget
So when they said our Budget doesn’t affect Working people they were lying
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| Another Labour own goal on 15:36 - Nov 13 with 1410 views | Cheltenham_Blue |
| Another Labour own goal on 15:25 - Nov 13 by onceablue |
That’s why we have a general thread |
Thats the only bit you want to address? |  |
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| Another Labour own goal on 15:40 - Nov 13 with 1377 views | NedPlimpton |
| Another Labour own goal on 15:29 - Nov 13 by onceablue |
You are nonfactual_blue on this occasion.
So anyone who doesn’t agree with you is an idiot
You would be great in our debating society |
I also don't think lying and then failing to back up your lies would go down particularly well in a debating society |  | | |
| Another Labour own goal on 16:06 - Nov 13 with 1315 views | DropCliffsNotBombs |
| Another Labour own goal on 14:59 - Nov 13 by StokieBlue |
A list of your recent posts is fairly interesting, literally all about Labour, most are factually incorrect and all posted to get at a subset of forum posters.
Could go back further than the last 5 threads you've started but I couldn't be bothered.
Another Labour own goal by onceablue 13 Nov 2024 14:08Interest rates and inflation on the increase following budget
So when they said our Budget doesn’t affect Working people they were lying
Boat crossings now out of control by onceablue 12 Nov 2024 7:56In the last 6 days 30 boats have arrived carrying 1806 people of which 1712 are men
It is now worse than under the previous government
This raises 2 questions
What are the labour government doing to stop this as they were adamant they could sort this ?
Unless all these men are single would you leave your wife and kids alone in a country where apparently there is persecution, war and lots of horrible things happening?
Warning - some Care Homes by onceablue 2 Nov 2024 7:08Are saying with the new NI Tax hike and increase in minimum wage they may be forced to close
GP’s are stating their services may also be affected by Job losses.
You didn’t really think this through did you Rachael - This really isn’t going to help the NHS
The Labour Party strikes again
Easier in opposition hey Kier!!!!!
Labour hates hard working people by onceablue 1 Nov 2024 13:54What is the point in working hard all your life to obtain a decent standard of living.
All I wanted to do was work hard so we can make sure the kids are ok and the Labour goverment decide now even pensions are include in inheritance tax.
So everything I have worked hard for the government will take 40% of it back when I die when I have already paid tax on it
If the NHS is in such a bad state why didnt they put a penny or 2 on income tax and state this money is specifically for that purpose. They didn’t do it because they don’t want any Labour voters being affected by their Budget.
Everyone wants a decent NHS as we will all end up using it
Basically Labour demand all the people that don’t vote for them carry the majority of the Burden of the Country
This budget will destroy any growth for the Country even the OBR have down rated Labour growth predictions.
They have hit Employers hard which will mean eventually employees suffer which mean people will stop spending money and any growth will be impossible
SB [Post edited 13 Nov 2024 15:02]
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Not meaning to kink-shame, but this must be some kind of humiliation fetish. Oncebluealwaysaprick must get off on being routinely shown up and ridiculed. |  | | |
| Another Labour own goal on 16:19 - Nov 13 with 1292 views | factual_blue |
| Another Labour own goal on 15:40 - Nov 13 by NedPlimpton |
I also don't think lying and then failing to back up your lies would go down particularly well in a debating society |
Only if you have boris johnson's excellent debating skills.
Of course, only boris johnson believes he has excellent debating skills. |  |
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| Another Labour own goal on 18:20 - Nov 13 with 1224 views | factual_blue |
| Another Labour own goal on 14:40 - Nov 13 by onceablue |
Playing on words I am afraid cos most working people will have mortgages and be affected by increased inflation
Businesses will have to increase prices or lay off staff due to the increase in NI so unemployment will increase I am sure. |
Mortgage repayments aren't a tax.
Run me through your qualifications in Economics.
Or, indeed, in anything. | |
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| Another Labour own goal on 18:31 - Nov 13 with 1215 views | Nthsuffolkblue |
| Another Labour own goal on 14:59 - Nov 13 by StokieBlue |
A list of your recent posts is fairly interesting, literally all about Labour, most are factually incorrect and all posted to get at a subset of forum posters.
Could go back further than the last 5 threads you've started but I couldn't be bothered.
Another Labour own goal by onceablue 13 Nov 2024 14:08Interest rates and inflation on the increase following budget
So when they said our Budget doesn’t affect Working people they were lying
Boat crossings now out of control by onceablue 12 Nov 2024 7:56In the last 6 days 30 boats have arrived carrying 1806 people of which 1712 are men
It is now worse than under the previous government
This raises 2 questions
What are the labour government doing to stop this as they were adamant they could sort this ?
Unless all these men are single would you leave your wife and kids alone in a country where apparently there is persecution, war and lots of horrible things happening?
Warning - some Care Homes by onceablue 2 Nov 2024 7:08Are saying with the new NI Tax hike and increase in minimum wage they may be forced to close
GP’s are stating their services may also be affected by Job losses.
You didn’t really think this through did you Rachael - This really isn’t going to help the NHS
The Labour Party strikes again
Easier in opposition hey Kier!!!!!
Labour hates hard working people by onceablue 1 Nov 2024 13:54What is the point in working hard all your life to obtain a decent standard of living.
All I wanted to do was work hard so we can make sure the kids are ok and the Labour goverment decide now even pensions are include in inheritance tax.
So everything I have worked hard for the government will take 40% of it back when I die when I have already paid tax on it
If the NHS is in such a bad state why didnt they put a penny or 2 on income tax and state this money is specifically for that purpose. They didn’t do it because they don’t want any Labour voters being affected by their Budget.
Everyone wants a decent NHS as we will all end up using it
Basically Labour demand all the people that don’t vote for them carry the majority of the Burden of the Country
This budget will destroy any growth for the Country even the OBR have down rated Labour growth predictions.
They have hit Employers hard which will mean eventually employees suffer which mean people will stop spending money and any growth will be impossible
SB [Post edited 13 Nov 2024 15:02]
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A troll or a bot? Simply regurgitating every Daily Mail headline?
Whatever Onceablue is they are so desperate to prove a point that they are posting the same tedious rubbish every day. |  |
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| Another Labour own goal on 18:36 - Nov 13 with 1205 views | jontysnut |
| Another Labour own goal on 15:18 - Nov 13 by Swansea_Blue |
Shorter term fixeds of 1-2 years, yes. It's undoubtedly had an impact, but it's nowhere near as big an impact as the OP makes out is probably my main point. And it completely ignores the reasons behind the budget (to try and fix a lot of stuff that's been trashed over the last 14 years). |
I paid 14% mortgage under the Tories in the 80s. Very low mortgage rates recently have been equally distorted. Some reversion is inevitable.
I'm a pensioner. If interest rates go up I win. I pay a bit more tax and spend more. Is that a good or bad thing for the OP? |  | | |
| Another Labour own goal on 18:38 - Nov 13 with 1201 views | eireblue |
Will you be doing another numbers one tomorrow?
They don’t seem to be accurate or going well for you, so a heads up would be good so I can avoid. |  | | |
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| Another OnceaBlue own goal (n/t) on 18:41 - Nov 13 with 1191 views | Nthsuffolkblue |
| Another Labour own goal on 18:38 - Nov 13 by eireblue |
Will you be doing another numbers one tomorrow?
They don’t seem to be accurate or going well for you, so a heads up would be good so I can avoid. |
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| Another Labour own goal on 13:51 - Nov 14 with 1093 views | BlueForYou |
Well, inflation has gone up, unemployment has gone up, fixed mortgages up, gilts are up although not dangerously so. The markets dislike huge amounts of borrowing, whether by Conservative or Labour! I think it's balanced & fair for onceablue to point this out, particularly as there have been so many posts critical of the conservative policy in recent times. Although I'd say he is being too regular with his criticisms! |  | | |
| Another Labour own goal on 14:08 - Nov 14 with 1066 views | Pinewoodblue |
| Another Labour own goal on 14:26 - Nov 13 by The_Realist_09 |
You can't expect to fix 14 years of mess without some pain.
It's impossible by definition within our economic system. |
That really isn’t true. If it was no way would the Tories have remained in power for 14 years.
Learn to think for yourself, just because the phrase has been rammed into your head doesn’t mean it is true. |  |
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| Another Labour own goal on 14:49 - Nov 14 with 996 views | Dubtractor |
| Another Labour own goal on 13:51 - Nov 14 by BlueForYou |
Well, inflation has gone up, unemployment has gone up, fixed mortgages up, gilts are up although not dangerously so. The markets dislike huge amounts of borrowing, whether by Conservative or Labour! I think it's balanced & fair for onceablue to point this out, particularly as there have been so many posts critical of the conservative policy in recent times. Although I'd say he is being too regular with his criticisms! |
This is the issue isn't it? Just trotting out what feels like a daily tory party talking point renders it almost null and void, as anything of substance gets lost in the misinformation.
Also, to use his (her?) own words, give it 6 months as its far too soon to make a meaningful judgement. This isn't remotely similar to the liz Truss budget, we're talking about fairly minor adjustments in the very short term. |  |
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| Another Labour own goal on 15:29 - Nov 14 with 930 views | Pinewoodblue |
| Another Labour own goal on 14:49 - Nov 14 by Dubtractor |
This is the issue isn't it? Just trotting out what feels like a daily tory party talking point renders it almost null and void, as anything of substance gets lost in the misinformation.
Also, to use his (her?) own words, give it 6 months as its far too soon to make a meaningful judgement. This isn't remotely similar to the liz Truss budget, we're talking about fairly minor adjustments in the very short term. |
Going to be interesting to see what the situation will be next April. The changes to employer NIC look as if they will mean inflation is higher than it would otherwise have been. Not guaranteed that we will be seeing the type of growth in GDP needed to meet Government long term objectives.
The NIC changes are more than a fairly minor adjustment. The impact on the privatised parts of the NHS, such as GP, Blood transfusion service, cleaning contracts etc could be more than anticipated. | |
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| Another Labour own goal on 15:43 - Nov 14 with 912 views | BlueForYou |
Both Truss & Reeves looked to borrow billions. Truss in order to cut taxes to kick start economic growth. Reeves to throw into the NHS & fund public sector pay rises. She's now talking about borrowing way more. The markets were spooked by Truss, but they must be very alarmed by the Reeves borrowing catalogue without any sign as yet of the growth she had promised. I fear we're in for more stagnant years ahead. Not what we all hoped for. | | | |
| Another Labour own goal on 16:20 - Nov 14 with 860 views | Swansea_Blue |
| Another Labour own goal on 15:29 - Nov 14 by Pinewoodblue |
Going to be interesting to see what the situation will be next April. The changes to employer NIC look as if they will mean inflation is higher than it would otherwise have been. Not guaranteed that we will be seeing the type of growth in GDP needed to meet Government long term objectives.
The NIC changes are more than a fairly minor adjustment. The impact on the privatised parts of the NHS, such as GP, Blood transfusion service, cleaning contracts etc could be more than anticipated. |
Pension advisors are already pushing salary sacrifice schemes more, which could be a cost effective way around it for employers (assuming the employee can afford to direct salary to non NI bearing benefits). It’s certainly a viable option for better earners.
Like you say, we’ll see. It’s a relatively minor increase compared to something like rising supplier costs, increased bureaucracy costs of exporting into Europe or the rise in fuel prices. But although only about £900 extra per employee on the average wage, it’ll soon add up for larger companies. (SMEs are some what protected due to the doubled Employment Allowance).
I suspect it’s not such an issue in itself, but rather it’s ANOTHER increase on the top of all the other recent cost rises. The camel can only bear so many straws and all that.
On the flip side, with minimum wage going up that may stimulate some extra spending in the economy. |  |
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| Another Labour own goal on 16:28 - Nov 14 with 831 views | mrshallisfit |
| Another Labour own goal on 14:40 - Nov 13 by onceablue |
Playing on words I am afraid cos most working people will have mortgages and be affected by increased inflation
Businesses will have to increase prices or lay off staff due to the increase in NI so unemployment will increase I am sure. |
Thank Christ recent Tory administration didn't introduce budgets that had an adverse impact on people's mortgages. Well I guess they didn't, because you would have been on here complaining about them surely. | | | |
| Another Labour own goal on 17:54 - Nov 14 with 788 views | jayessess |
I don't think much of this government, but I do wonder what people expected from the budget?
There was a budget deficit. It exists, it's not some fiction the new government invented. It pre-existed their government.
Public services and public infrastructure require investment almost across the board (for instance, here's the Met Police commissioner talking about how many of their buildings are going to be unusable in the next few years: https://www.bbc.co.uk/news/articles/ckgdzp5ew3po).
How exactly did people envisage all that getting covered? Should we just run a huge deficit? Just let every police station, hospital and school in Britain crumble? |  |
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| Another Labour own goal on 18:11 - Nov 14 with 755 views | Swansea_Blue |
| Another Labour own goal on 18:36 - Nov 13 by jontysnut |
I paid 14% mortgage under the Tories in the 80s. Very low mortgage rates recently have been equally distorted. Some reversion is inevitable.
I'm a pensioner. If interest rates go up I win. I pay a bit more tax and spend more. Is that a good or bad thing for the OP? |
Yes, winners and losers whenever the rate goes up. I suspect it’ll be good for tho OP whenever it suits his side irrespective of their personal position.
Rates used to be a lot higher didn’t they. It’s the higher LTV rates that are catching people out today. No more of that 3x salary rule of thumb that used to be the case. House prices relative to incomes have rocketed. I feel sorry for those in the younger generation who’ve got no chance of getting on the ladder. An average salary used to be enough. Imagine trying to buy a house in the SE for £100k now. No chance. | |
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| Another Labour own goal on 18:24 - Nov 14 with 736 views | Swansea_Blue |
| Another Labour own goal on 17:54 - Nov 14 by jayessess |
I don't think much of this government, but I do wonder what people expected from the budget?
There was a budget deficit. It exists, it's not some fiction the new government invented. It pre-existed their government.
Public services and public infrastructure require investment almost across the board (for instance, here's the Met Police commissioner talking about how many of their buildings are going to be unusable in the next few years: https://www.bbc.co.uk/news/articles/ckgdzp5ew3po).
How exactly did people envisage all that getting covered? Should we just run a huge deficit? Just let every police station, hospital and school in Britain crumble? |
Some people don’t seem to think or care about how services are maintained. Look at Blueforyou’s post just a couple up that tried to justify Truss’s budget but attacks Reeves’ because money is being put into the public sector. I’m sure that poster would support a tough on crime position. Good luck with that when there are fewer police and fewer buildings to house them in!
We have a national problem where everyone fixates on the costs, but ignores the value brought about by those costs. It happens in all areas of life. | |
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| Another Labour own goal on 19:13 - Nov 14 with 686 views | BlueForYou |
Excuse me. I was not justifying Truss's budget, I was making a comparison of the borrowing & the effect on the markets! | | | |
| Another Labour own goal on 19:23 - Nov 14 with 671 views | CoachRob |
| Another Labour own goal on 17:54 - Nov 14 by jayessess |
I don't think much of this government, but I do wonder what people expected from the budget?
There was a budget deficit. It exists, it's not some fiction the new government invented. It pre-existed their government.
Public services and public infrastructure require investment almost across the board (for instance, here's the Met Police commissioner talking about how many of their buildings are going to be unusable in the next few years: https://www.bbc.co.uk/news/articles/ckgdzp5ew3po).
How exactly did people envisage all that getting covered? Should we just run a huge deficit? Just let every police station, hospital and school in Britain crumble? |
Budget deficits are the norm for very good reason in the UK and running a large deficit would be necessary to tackle the overlapping issues of infrastructure decline and climate change.
All the nonsense about fiscal rules, government credit cards and the government 'borrowing' it's own currency is leading to people making bizarre predictions which turn out to be wrong. I had a poster telling me on here fiscal rules would give some desired outcome as they saw it, reality gave a different result.
Rachel Reeves, who holds the same PPE degree as Liz Truss, has shown some degree of curiosity in new ideas by bringing in heterodox economists such as
Mariana Mazzucato (UCL IIPP), not the Neoclassical/Austrian wet dream employed by Truss that the humanities graduates post on this site time and again.
I've used work by researchers at UCL (one of the best universities in the world) on how the state can finance itself and at least give us some chance of dealing with dangerous climate change as we go past 1.5C of warming, possibly as early as 2028. People who claim we have time to 'fix' the economy and tackle climate change later are misrepresenting the science and dangers we will face.
https://www.ucl.ac.uk/bartlett/public-purpose/publications/2022/may/self-financi |  | | |
| Another Labour own goal on 20:06 - Nov 14 with 636 views | Swansea_Blue |
| Another Labour own goal on 19:23 - Nov 14 by CoachRob |
Budget deficits are the norm for very good reason in the UK and running a large deficit would be necessary to tackle the overlapping issues of infrastructure decline and climate change.
All the nonsense about fiscal rules, government credit cards and the government 'borrowing' it's own currency is leading to people making bizarre predictions which turn out to be wrong. I had a poster telling me on here fiscal rules would give some desired outcome as they saw it, reality gave a different result.
Rachel Reeves, who holds the same PPE degree as Liz Truss, has shown some degree of curiosity in new ideas by bringing in heterodox economists such as
Mariana Mazzucato (UCL IIPP), not the Neoclassical/Austrian wet dream employed by Truss that the humanities graduates post on this site time and again.
I've used work by researchers at UCL (one of the best universities in the world) on how the state can finance itself and at least give us some chance of dealing with dangerous climate change as we go past 1.5C of warming, possibly as early as 2028. People who claim we have time to 'fix' the economy and tackle climate change later are misrepresenting the science and dangers we will face.
https://www.ucl.ac.uk/bartlett/public-purpose/publications/2022/may/self-financi |
Good stuff. Next time someone says there’s a “black hole” or there’s no magic money tree, I’ll point them there.
Any idea why governments of all colours don’t openly acknowledge how money is created and misrepresented the process to the public, always only linking spend to tax take? | |
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