Reply to: Budget expectations

[mudskipper]

Good smiley! Should definitely become part of the CUK stock!

[HairyArsedBloke]

So far Liam has been on the money.

Aye.

Will Huton has been mostly wrong with his pseudo left wing economics ...

[Green Mango]

Here's one commentator who believes the coming cuts will harm the country severely

There is no logic to the brutish cuts that George Osborne is proposing | Will Huton | Comment is free | The Observer

Yeah, well read Liam Halligan in the Telegraph.

Do the Tories get the parlous financial situation the country is in with it's £903 billion of public debt, he asks.

If we don't make serious cuts we will lose our triple A rating our interest bill will go up and we will be in a world of pain.

So far Liam has been on the money.

Will Huton has been mostly wrong with his pseudo left wing economics ...

[MrMark]

Here's one commentator who believes the coming cuts will harm the country severely

There is no logic to the brutish cuts that George Osborne is proposing | Will Huton | Comment is free | The Observer

The former Labour government had already committed to a greater and faster reduction in the budget deficit than any British government in modern times. The coalition government wants to do more; to nearly eliminate a structural budget deficit of 8% of national output – some £116bn – in five years. Moreover, it wants spending cuts to take 80% of the load. No country has ever volunteered such austerity. It is as tough a package of retrenchment as the IMF imposed on Greece, a country on the brink of bankruptcy. It is twice as tough as the famously harsh measures Canada took between 1994 and 1997. It is three times tougher than Sweden's measures between 1993 and 1995. In British terms, it is immeasurably tougher than what we did after the IMF crisis in 1976 or after the ERM crisis in 1992.

[Sysman]

A year after it starts it will be rare to find any companies that qualify or have managed to benefit from the scheme.

This brings back memories of regional development grants in the '80s. Light manufacturing only and with some you were expected to take on someone who been unemployed for more than 6 months.

Another memory from that era - a fellow contractor with his own software house (4-5 employees) decided to give a YOPS lad or lass a chance. The first thing that happened was a visit from some Elf'n'Safety type assessing his premises to see if they were suitable for an employee. At least two billable days lost and lots of red tape later, he was beginning to wish he hadn't bothered.

[HairyArsedBloke]

frack it! wrong thread.

[Green Mango]

Sounds like something right out of nuLieBore's playbook - announce something to capture the headlines, but in practise does not exist.

A year after it starts it will be rare to find any companies that qualify or have managed to benefit from the scheme.

I like the idea of promoting jobs in the North.

We need it up here ...

[HairyArsedBloke]

Sounds like something right out of nuLieBore's playbook - announce something to capture the headlines, but in practise does not exist.

A year after it starts it will be rare to find any companies that qualify or have managed to benefit from the scheme.

[Green Mango]

Depending on how it is implemented this could be a good move. Right from the start they mentioned moving the emphasis off the South East, which after 30 years of centralisation there could be a Good Thing.

The devil will be in the detail of course.

Yep. the devil will be in the detail. It probably won't be structured for 1 man companies to
take advantage of....

[Bagpuss]

B*gger mine's in Hampshire!


Should have kept it as me home address.

Hampshire is in the South West no?

[Sysman]

Depending on how it is implemented this could be a good move. Right from the start they mentioned moving the emphasis off the South East, which after 30 years of centralisation there could be a Good Thing.

The devil will be in the detail of course.

[Zippy]

Well it doesn't seem too bizarre to me, rather an attempt to improve employment outside of the economic heartland. The problem is, how do you define "the South East". Places like Dorset, Hampshire or Northamptonshire may benefit I suppose. The real hard-hit wastelands like Middlesbrough or Liverpool? Still, be interesting to see how this attempt to "buck the market" pans out.

Yep, the South-East will start at Middlesborough.

[norrahe]

My registered office is in Manchester. Huzzah!

B*gger mine's in Hampshire!


Should have kept it as me home address.

[VectraMan]

My registered office is in Manchester. Huzzah!

[MrMark]

Exactly what I was thinking. It seems a bizarre idea to me.

Well it doesn't seem too bizarre to me, rather an attempt to improve employment outside of the economic heartland. The problem is, how do you define "the South East". Places like Dorset, Hampshire or Northamptonshire may benefit I suppose. The real hard-hit wastelands like Middlesbrough or Liverpool? Still, be interesting to see how this attempt to "buck the market" pans out.