| Rachel from Accounts is doing a Sterling job on 17:57 - Jan 9 with 707 views | lowhouseblue |
| Rachel from Accounts is doing a Sterling job on 17:48 - Jan 9 by GlasgowBlue |
We would have had austerity whichever party won the 2010 election.
"Alistair Darling admitted tonight that Labour's planned cuts in public spending will be "deeper and tougher" than Margaret Thatcher's in the 1980s, as the country's leading experts on tax and spending warned that Britain faces "two parliaments of pain" to repair the black hole in the state's finances".
https://www.theguardian.com/politics/2010/mar/25/alistair-darling-cut-deeper-mar |
reeves' new fiscal rules would have been better then - allowing some cheap borrowing to fund additional infrastructure investment - but the need to try to move towards balanced current expenditure was undeniable in 2010. the current spending deficit at that point was unsustainable. but gov't spending rose pretty consistently throughout the period, and the current deficit remained large, so referring to the whole period as 'austerity' was and is pretty meaningless. |  |
| 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 |
|  |
| Rachel from Accounts is doing a Sterling job on 18:16 - Jan 9 with 652 views | OldFart71 |
An investor said recently " Why should I invest in Britain to subsidise ASLEF pay rises". We have to realise that although we don't like it the financial markets run the country and if they don't like it they kick ar*e just as they did with Truss. Also Companies won't stand by and watch their hard earned positions go down the pan. They will increase prices to make up for the increased minimum wage and N.I. and if this hits their sales they will offload staff and cut hours so the Government will be lumbered with increased benefits costs reducing the money available for them to spend. Whether what someone said with regards to allowing patients to go Private will have the effect that doctors who already work for the NHS and do Private work will find it more lucrative to switch to going totally private therefore costing the NHS even more will happen who knows. I know something had to be done but I do believe even part of the N.I. cuts made to workers should have been reversed. Labour backed themselves into a corner by saying they wouldn't increase workers taxes. As an older citizen I don't necessarily believe cutting the winter fuel payment was right. Why, well because as majority I would say spent this money, not on fuel, but on gifts and food during the Christmas period. This would mean a massive amount of money was taken out of the economy which would go to Companies. Keep workers in work and a lot would actually find it's way back to Government in taxes, both corporate and VAT. |  | | |
| Rachel from Accounts is doing a Sterling job on 18:16 - Jan 9 with 648 views | BlibbiBlob1976 |
| Rachel from Accounts is doing a Sterling job on 17:57 - Jan 9 by lowhouseblue |
reeves' new fiscal rules would have been better then - allowing some cheap borrowing to fund additional infrastructure investment - but the need to try to move towards balanced current expenditure was undeniable in 2010. the current spending deficit at that point was unsustainable. but gov't spending rose pretty consistently throughout the period, and the current deficit remained large, so referring to the whole period as 'austerity' was and is pretty meaningless. |
The issue really is that the economy has been mismanaged since 2008. COVID clearly blew a massive hole in the budget, that many seem to underestimate. On balance, I would prefer Tory policies to Labour, based on what I have seen since the election. | | | |
| Rachel from Accounts is doing a Sterling job on 18:24 - Jan 9 with 625 views | Plums |
| Rachel from Accounts is doing a Sterling job on 16:57 - Jan 9 by blueasfook |
You mean the austerity that was needed after Labour last wrecked the economy and Gordon Brown sold off our gold reserves for a song. When it comes to fiscal incompetence, Labour win it hands down. |
Sounds like a race to the bottom and nothing to be celebrated from either side then. Hardly something to cheer about as though it's a football match.
Voters should look at the state of a political party's finances and then decide whether they want them to run the country. They're all usually a shambles. |  |
| |
| Rachel from Accounts is doing a Sterling job on 18:26 - Jan 9 with 622 views | GlasgowBlue |
| Rachel from Accounts is doing a Sterling job on 17:57 - Jan 9 by lowhouseblue |
reeves' new fiscal rules would have been better then - allowing some cheap borrowing to fund additional infrastructure investment - but the need to try to move towards balanced current expenditure was undeniable in 2010. the current spending deficit at that point was unsustainable. but gov't spending rose pretty consistently throughout the period, and the current deficit remained large, so referring to the whole period as 'austerity' was and is pretty meaningless. |
Denis Healey cut more in one year than Osbourne did in five. No ring fencing of the NHS and no fannying about.
And it worked, pretty much laying the groundwork for Thatcher. |  |
| |
| Rachel from Accounts is doing a Sterling job on 18:33 - Jan 9 with 609 views | WeWereZombies |
| Rachel from Accounts is doing a Sterling job on 18:16 - Jan 9 by OldFart71 |
An investor said recently " Why should I invest in Britain to subsidise ASLEF pay rises". We have to realise that although we don't like it the financial markets run the country and if they don't like it they kick ar*e just as they did with Truss. Also Companies won't stand by and watch their hard earned positions go down the pan. They will increase prices to make up for the increased minimum wage and N.I. and if this hits their sales they will offload staff and cut hours so the Government will be lumbered with increased benefits costs reducing the money available for them to spend. Whether what someone said with regards to allowing patients to go Private will have the effect that doctors who already work for the NHS and do Private work will find it more lucrative to switch to going totally private therefore costing the NHS even more will happen who knows. I know something had to be done but I do believe even part of the N.I. cuts made to workers should have been reversed. Labour backed themselves into a corner by saying they wouldn't increase workers taxes. As an older citizen I don't necessarily believe cutting the winter fuel payment was right. Why, well because as majority I would say spent this money, not on fuel, but on gifts and food during the Christmas period. This would mean a massive amount of money was taken out of the economy which would go to Companies. Keep workers in work and a lot would actually find it's way back to Government in taxes, both corporate and VAT. |
Firstly, paragraphs, dear boy, paragraphs !
Now, 'We have to realise that although we don't like it the financial markets run the country' ~ only if we allow them to. To vote, in a defeated and supine manner, for those who serve the banks cannot be in the national interest if it leaves us in thrall to undemocratic forces.
However, see ~ a new paragraph ~ it isn't difficult, another undemocratic force can rear its head in the shape of military might. This is the most powerful tiger that elected politicians have to ride but the United Kingdom has managed to do so for centuries and through both war and peace.
So if that can be achieved then mastery over the financial markets, who rely on London in part for their pivotal global positioning, is difficult but also achievable; as is a reasonable response to the massed powers of globalised media. These victories do need us to be an engaged and informed electorate. |  |
| |
| Rachel from Accounts is doing a Sterling job on 18:38 - Jan 9 with 583 views | Dubtractor |
I was reading an article earlier that highlighted that this is exactly the sort of thing that Kemi Badenoch should have been focussing on at PMQs yesterday, instead of jumping on the Elon Musk bandwagon with grooming gangs, which was fairly easy for Labour to push back on seeing as the tories all failed to do anything about it when they had the chance.
General conclusion being that Badenoch is rubbish. |  |
| |
| Rachel from Accounts is doing a Sterling job on 18:46 - Jan 9 with 554 views | Swansea_Blue |
| Rachel from Accounts is doing a Sterling job on 17:05 - Jan 9 by blueasfook |
Even I was dismayed that Truss was made PM to be fair. I think I said so at the time. It was only ever going to end badly. But Reeves is hardly turning out much different. Her budgetary policy is obviously not working. |
That’s probably because not doing anything and seems to think things that are in her control are just happening to her instead. But I suppose it shouldn’t be a surprise that she’s rolled over and is having her tummy tickled by the BoE given her background.
The banks have been booming though, which is obviously the main thing  |  |
| |
Login to get fewer ads
| Rachel from Accounts is doing a Sterling job on 18:51 - Jan 9 with 544 views | Swansea_Blue |
| Rachel from Accounts is doing a Sterling job on 18:38 - Jan 9 by Dubtractor |
I was reading an article earlier that highlighted that this is exactly the sort of thing that Kemi Badenoch should have been focussing on at PMQs yesterday, instead of jumping on the Elon Musk bandwagon with grooming gangs, which was fairly easy for Labour to push back on seeing as the tories all failed to do anything about it when they had the chance.
General conclusion being that Badenoch is rubbish. |
Is she on the grooming gangs because Reform are on the grooming gangs? It could be as simple as not wanting reform to get more traction. And yes, she’s utterly atrocious. | |
| |
| |
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
