Tue Jun 22, 2010 1:38 pm
Tue Jun 22, 2010 2:08 pm
Tue Jun 22, 2010 2:36 pm
Tue Jun 22, 2010 2:44 pm
Tue Jun 22, 2010 2:47 pm
Tue Jun 22, 2010 2:50 pm
nerd wrote:Or maybe, just maybe, the books were worse than were expected, hence giving little scope other than to make the swinging cuts - which let's be honest, Labour would have had to do.
Still, I guess people prefer the Labour spend, spend, spend what we haven't got mantra. I eagrly await the "Bring Ridsdale back" march as a result
Tue Jun 22, 2010 2:52 pm
Tue Jun 22, 2010 2:55 pm
Dafydd wrote:Yet once again the conservatives are crippling the poor even more (e.g. family credit, child benefit).
Same old conservatives. They're f*cking snakes.
Tue Jun 22, 2010 2:57 pm
CayoBluebird wrote:Dafydd wrote:Yet once again the conservatives are crippling the poor even more (e.g. family credit, child benefit).
Same old conservatives. They're f*cking snakes.
Didn't they increase family credit?
Tue Jun 22, 2010 2:59 pm
Tue Jun 22, 2010 2:59 pm
Forever Blue wrote:nerd wrote:Or maybe, just maybe, the books were worse than were expected, hence giving little scope other than to make the swinging cuts - which let's be honest, Labour would have had to do.
Still, I guess people prefer the Labour spend, spend, spend what we haven't got mantra. I eagrly await the "Bring Ridsdale back" march as a result
Nerd, the Country is in a total mess and I was stunned by the rises today, but this is because of what Gordon Brown and Tony Blair have cost us
Tue Jun 22, 2010 3:01 pm
Tue Jun 22, 2010 3:26 pm
Dafydd wrote:Yet once again the conservatives are crippling the poor even more (e.g. family credit, child benefit).
Same old conservatives. They're f*cking snakes.
Tue Jun 22, 2010 3:46 pm
Tue Jun 22, 2010 3:46 pm
Tue Jun 22, 2010 3:47 pm
TheMortgageAdvisor wrote:I feel sorry for the Lib Dem voters who jumped on the Nick Clegg bandwagon only to be shafted by the man himself. He has killed that party for many years.
Tue Jun 22, 2010 4:00 pm
john52 wrote:How can they say the figures were worse than they thought?We ended up borrowing less than predicted and growth was higher than said So hoew can things be worse
Tue Jun 22, 2010 4:01 pm
Wed Jun 23, 2010 8:43 am
Forever Blue wrote:Could someone remind me how much Debt Our Country is in ?
Wed Jun 23, 2010 9:09 am
castleblue wrote:Forever Blue wrote:Could someone remind me how much Debt Our Country is in ?
The new government has promised to take immediate action to reduce the budget deficit within the term of this parliament so maybe your question should be "How much debt will our country be in at the end of this parliament".
At it's last budget the labour goverment put in place proposals to reduce the country's budget deficit from £170m to £70m at the end of this parliamentary term. However it did say at the time these were worst case figures and that economic growth would hopefully be better than predicted and bring with it increased tax revenues which would see those figures revised down.
This has proved to be the case with the economic statistics published earlier this week showing the deficit already reduced to £155m.
The labour policy was to maintain public spending to keep people in job, thus maintaining tax revenues, and create economic cinditions where the country i.e. the public, would continue or increase spending driving the recovery. In short a budget for jobs.
This goverment has taken a route at the opposite end of the economic spectrum where they plan to reduce the deficit by reducing public spending and increasing indirect taxation i.e. increase in VAT as an example. The budget aims to achieve the deficit reduction reduction by an 80% cut in spending and 20% increase in indirect taxation.
This policy will reduce the amount of disposable income each and every family will have and is therefore unlikely to see a spending driven recovery which would create demand for products and services and therefore jobs. In short a budget against job creation.
So coming back to the original question how much debt is our country in well at the moment we are £930b in debt and at the end of this parliament labour were forecasting we would be £1.36t in debt. After yesterdays budget the goverment, or rather this new office of budget responsibility is forecasting we will be £1.32t in debt.
So for all of yesterdays austerity measures the level of debt will increase whichever policy is followed, however is it socially more acceptable to maintain public spending keeping people in work, maintaining their dignity and allowing demand for products and services to drive recovery.
Or is it more socially acceptable to reduce public spending, increase indirect taxation, put hundreds of thousands of people to the dole, reduce disposable family incomes thereby reducing consumer driven demand.
In either scenario in 5 years time our national debt will have increased by approx £400b but our national debt will be only £4b less following this governments policies.
I am not a political beast and have not voted in any election since the mid 1980 because I believe whoever gets elected would stiff me but good, I have never been disappointed.
Having said that I would align myself closer to the labour policy of maintaining spending as it is socially more acceptable to keep people in work then force them out of work as a direct result of government policy.
Just my opinion.
Wed Jun 23, 2010 9:21 am
Wed Jun 23, 2010 10:09 am
Wed Jun 23, 2010 10:10 am
CayoBluebird wrote:Dafydd wrote:Yet once again the conservatives are crippling the poor even more (e.g. family credit, child benefit).
Same old conservatives. They're f*cking snakes.
I dont understand how you can say they hit the porr. Increased child tax credits and a rise in personal alowances!!!
Wed Jun 23, 2010 10:11 am
nerd wrote:It's more acceptable to give people "noddy" jobs just to keep them employed? granted, you get tax back, but that's a false claim when those jobs are public sector - ie funded by the errm taxpayer. Amount of tax gained back is obviously a lot less than the money spent by the taxpayer on those jobs...
The private sector has had these problems for years. Labour have, as always, increased the number of public sector jobs, which are generally considered "jobs for life", nice benefits et al. Why should public sector employees magically be immune to the issues facing everyone else?
Wed Jun 23, 2010 10:16 am
nerd wrote:It's more acceptable to give people "noddy" jobs just to keep them employed? granted, you get tax back, but that's a false claim when those jobs are public sector - ie funded by the errm taxpayer. Amount of tax gained back is obviously a lot less than the money spent by the taxpayer on those jobs...
The private sector has had these problems for years. Labour have, as always, increased the number of public sector jobs, which are generally considered "jobs for life", nice benefits et al. Why should public sector employees magically be immune to the issues facing everyone else?
Wed Jun 23, 2010 11:27 am
Wed Jun 23, 2010 11:40 am
nerd wrote:It's more acceptable to give people "noddy" jobs just to keep them employed? granted, you get tax back, but that's a false claim when those jobs are public sector - ie funded by the errm taxpayer. Amount of tax gained back is obviously a lot less than the money spent by the taxpayer on those jobs...
The private sector has had these problems for years. Labour have, as always, increased the number of public sector jobs, which are generally considered "jobs for life", nice benefits et al. Why should public sector employees magically be immune to the issues facing everyone else?
Wed Jun 23, 2010 11:43 am
castleblue wrote:nerd wrote:It's more acceptable to give people "noddy" jobs just to keep them employed? granted, you get tax back, but that's a false claim when those jobs are public sector - ie funded by the errm taxpayer. Amount of tax gained back is obviously a lot less than the money spent by the taxpayer on those jobs...
The private sector has had these problems for years. Labour have, as always, increased the number of public sector jobs, which are generally considered "jobs for life", nice benefits et al. Why should public sector employees magically be immune to the issues facing everyone else?
I agree that no one should be entitled to a job for life, except the Queen and MP's of course. But it is not just public sector jobs that will drive recovery in this country we will need the suppliers to the public sector. There are currently hundreds of thousands of jobs in this country reliant on supplying products or services to the public sector.
IMO the country needs as many people in work as possible this will maintain demand for products and help what is left of our manufacturing industries to recover thereby creating more jobs with higher tax revenues, both direct and indirect.
As I said I am not a political beast and it makes little difference to me who is in power but during this period of "New Politics" why can our leaders not understand that most people want to be able to provide for their families. In that case government policy should not be forcing people into the benefits trap.
As I said just my opinion.
Wed Jun 23, 2010 11:58 am
Sludge wrote:and when the tories cut the nurses and doctors jobs ..which they have said they wont ..but they will....
Wed Jun 23, 2010 12:16 pm
Tony Blue Williams wrote:nerd wrote:It's more acceptable to give people "noddy" jobs just to keep them employed? granted, you get tax back, but that's a false claim when those jobs are public sector - ie funded by the errm taxpayer. Amount of tax gained back is obviously a lot less than the money spent by the taxpayer on those jobs...
The private sector has had these problems for years. Labour have, as always, increased the number of public sector jobs, which are generally considered "jobs for life", nice benefits et al. Why should public sector employees magically be immune to the issues facing everyone else?
Depends what your definition of a 'noddy job' is? Personally I love Labour for employing more Doctors, Nurses and Teachers who do a tremendous job.