Vote Labour!

[xoggoth]

Nice to see Moribund is getting serious about the government deficit. Not.

BBC News - Ed Miliband: We'll tackle deficit with 'sensible' cuts

(Figures in brackets in following quote added by me)

He promised "sensible reductions in public spending" and outlined pledges Labour has made so far:
Stopping the winter fuel allowance for "the wealthiest pensioners" (2.1bn)
Capping child benefit rises at 1% ( (1.3*% inflation less 1% of 12.6bn = 0.04bn)
Scrapping police commissioners (20 million)
Selling off "unwanted government assets" (10bn)
He also said Labour would make savings of £500m in local government.

The sale of unwanted assets (£10bn) is a one off. As far as I can find out, the rest amounts to under 3bn a year, plus Compared to the annual deficit of about $109bn. Try harder Moribund.

Asked afterwards what more Labour would do to cut spending, he said that beyond the measures announced: "The right way to make these decisions is frankly in government".

Aaaah!


PS If anyone has any better figures feel free to post them!

[BrilloPad]

Sounds great! Lets vote for an east life. After all, the government can always print the money.

[BrilloPad]

I'd like to climb inside Ed Miliband's head - Telegraph

[Zero Liability]

Labour will no doubt resort to the magical Keynesian multiplier to make their policies work, particularly the bankers' magic multiplier. Frankly, if this is the best Milliband can come up with, I don't think the Tories (or UKIP) have much to fear from Labour on the front of the economy. Not that I think the Tories are much better, but Labour is giving them a run for being the party par excellence of out of touch toffs, whose sole repertoire of innovation in economic policy is to dig through a trash heap of ideas long since discarded by most economists. Though if Boris is in the run for PM, if I am in an area that is not utterly hopeless as far as the Tories are concerned, I might cast my vote in his direction. Especially if he has the good sense to do a confidence and supply arrangement with UKIP.

Oh and you forgot one. Rake in just under £1b* from FLCs when they supplant IR35. Then watch as the UK's flexible workforce shrinks in size.

*based on entirely made up numbers

[Doggy Styles]

It all made perfect sense to me. That's where my X is going come May!

[Gittins Gal]

Hmmm... inneresting.

I was also reading how he's conceded ridding Scotland of innerconninennal ballistic missiles in order to get the SNP on side in event of Labour forming a minority government.

Sorry - I know nobody will see this but I've been dying to slip that in somewhere for ages. It'll rub TykeMerc up the wrong way anyhow.

[Bunk]

innerconninennal

That is actually quite funny.

[Platypus]

Hmmm... inneresting.

Hello stranger! Missed your inneresting analysis

[eek]

Labour will no doubt resort to the magical Keynesian multiplier to make their policies work, particularly the bankers' magic multiplier. Frankly, if this is the best Milliband can come up with, I don't think the Tories (or UKIP) have much to fear from Labour on the front of the economy. Not that I think the Tories are much better, but Labour is giving them a run for being the party par excellence of out of touch toffs, whose sole repertoire of innovation in economic policy is to dig through a trash heap of ideas long since discarded by most economists. Though if Boris is in the run for PM, if I am in an area that is not utterly hopeless as far as the Tories are concerned, I might cast my vote in his direction. Especially if he has the good sense to do a confidence and supply arrangement with UKIP.

Oh and you forgot one. Rake in just under £1b* from FLCs when they supplant IR35. Then watch as the UK's flexible workforce shrinks in size.

*based on entirely made up numbers

That could actually be £20bn from FLC. Assuming a £5000 increase in tax received and 4million freelancers.... Put that way you can see why Labour would like it....

[The Spartan]

Who said tax doesn't have to be taxing? They should try being on the receiving end for a change!