Reply to: Budget 2013

[DimPrawn]

Utter disaster, the tories under Thatcher seemed to know what they were doing, this lot are trying to emulate that but haven't got the balls to go full tilt.

Obviously a budget sponsored by Taylor-Wimpey, Redrow and Barrett Developments plc. Tax payer funded sub-prime vote winning kick the can down the road budget ultimately moving the country nowhere.

[hyperD]

Utter disaster, the tories under Thatcher seemed to know what they were doing, this lot are trying to emulate that but haven't got the balls to go full tilt.

I agree, and thanks for the response LL, it matters not the colour of the flag these mendacious parasites wave to distract the public nor the meaningless trinkets they wave in front of us, it's the acceleration to a stagnant and broken economy at best, to bloody civil rioting at worse.


What the hell has happened to freedom of choice?

Accountability of those that are supposed to serve us?

When did they change that subtly to end up ruling over us without our consent?

To ignore mandates and promises?

Never to resign over criminal or moral misdemeanours?

How did we let this happen?

[LatteLiberal]

Whilst I totally agree with your sentiment, I would love to hear your critique of the Reign of Terror circa 1997-2010 just for balance? Care to enlighten?

Utter disaster, the tories under Thatcher seemed to know what they were doing, this lot are trying to emulate that but haven't got the balls to go full tilt.

[TheFaQQer]

+1

And how could you expect Osborne to fix in 3 years what the socialists broke over 13 years.

Three years ago, Osborne said it would take four years to fix.

Today, he said it would take four years to fix.

If it was going to take longer than four years, why didn't he just say from the outset that it was worse than expected and would take longer to fix?

[hyperD]

I agree with smaller state, public sector should be cut more, but he isn't doing that. He's hopeless.

Whilst I totally agree with your sentiment, I would love to hear your critique of the Reign of Terror circa 1997-2010 just for balance? Care to enlighten?

[eek]

I agree with smaller state, public sector should be cut more, but he isn't doing that. He's hopeless.

I think there is a problem in what can actually be cut aggressively. Most expenditure is either set years in advance or needed for the (civilised) country we are supposed to be.

[LatteLiberal]

The fact that despite the cuts the deficit hasn't come down nearly enough just goes to show how far we are living above our means.

Public sector pay should be slashed by 20% at least and they should be made to pay for their own pensions in the same way as the rest of us do.

And some should be burned at the stake for good measure.

I agree with smaller state, public sector should be cut more, but he isn't doing that. He's hopeless.

[LatteLiberal]

We are borrowing more.

It's just that we are borrowing more to pay for Osborne's ineptitude. Borrowing (at record low interest rates) to fund infrastructure projects which create jobs which stimulates the economy isn't a bad thing.

Save your breath, Dodgy obviously has no economic or financial knowledge beyond what he reads in the Wail.

[LatteLiberal]

I look at the economy in the same way I look at a person's health in relation weight, see you can eat what you want and as they overindulge they'll pack on the pounds. The moment they think oh wait a minute I need to get back to a healthy weight you can guarantee it'll take a lot longer than it took them to put it on.

So the diet guru put you on a diet but you kept getting fatter each year would you stick to it, no one is saying it has to be fixed overnight, but three years later it's still in the tulipter.

[GB9]

The fact that despite the cuts the deficit hasn't come down nearly enough just goes to show how far we are living above our means.

Public sector pay should be slashed by 20% at least and they should be made to pay for their own pensions in the same way as the rest of us do.

And some should be burned at the stake for good measure.

[GB9]

We are borrowing more.

It's just that we are borrowing more to pay for Osborne's ineptitude. Borrowing (at record low interest rates) to fund infrastructure projects which create jobs which stimulates the economy isn't a bad thing.

It is because we still have to pay it back. I'm fed up of the argument that if we borrow to employ people we will get lots of tax revenue back.

Ok, we borrow £100m and get £25m back in tax. We owe £75m.

Osborne isn't inept. He is very factual. We can't keep borrowing more and more to get out of debt. It just doesn't work.

[darmstadt]

So the Tories are going for the house buying theme again but isn't this just a load of old bollocks. In 2011 they started the NewBuy scheme which just seems the same albeit this time around they've increased the fund threefold. The interesting facts about the NewBuy scheme was that as each year progressed, less and less houses were built, in fact less than half that were needed but the major property developers made more and more profits: NewBuy - the official consumer website | NewBuy Scheme the Official Government backed consumer website

[KentPhilip]

Absolute rubbish. I do not know what people expect. How on earth could Osborne re vitalise the economy in the circumstances that were left? The damage done to economies has been huge. Usually in a downturn money saved is then invested in infrastructure building. Labour left the coffers completely empty. Furthermore the drastic cuts in public spending that are really needed by the economy would never have been passed by the liberals.

Our indulgence in liberal left wing political parties has cost us dear this time and unlike in the Thatcher era there are no quick fix solutions.

+1

And how could you expect Osborne to fix in 3 years what the socialists broke over 13 years.

[darmstadt]

Who built up this enormous deficit?

Who did indeed:

1997 - 2010 Labour Government
2010 - ? Conervative Governmemt



By my reckoning looking at that graph, Labour were seemingly consistent until the end of their term and then it just seems to have shot up. But as DA points out, and he is correct here (damn that hurt) but:

• Economic expansion which improves tax revenues and reduces spending on benefits like Job Seekers Allowance. However, the economic slowdown which has occurred since 2010 risks pushing the UK bank into a triple dip recession and therefore further squeeze on tax revenues.
• Improved performance of banks increases prospect of regaining financial sector intervention
• Government Spending cuts and tax rises (e.g. VAT) which improve public finances. However, the big issue is the extent to which these spending cuts could reduce economic growth and therefore hamper attempts to improve tax revenues

[vetran]

Labour remortgaged > 3 times GDP


Debt - external - Country Comparison

9.9 Trillion

GDP (purchasing power parity) - Country Comparison

2.3 Trillion


Sold the Gold & bought all new infrastructure on PFI(credit card & HP style terms)

Hired loads more civil servants

http://www.ons.gov.uk/ons/taxonomy/s...tion=ASCENDING

Moved a good portion of your work to suppliers that are much cheaper than you and the clients know this.

put the old workers on generous benefits.

then the whole world went into recession.

3 years to fix that would be impressive.

Just slowing the rise is good.

List of recessions in the United Kingdom - Wikipedia, the free encyclopedia