Join the Labour Party and save your country!
Comments
-
I think releasing the purse strings to pay some staff more in return for making it easier/faster to sack public servants wouldn’t necessarily be a bad thing.
0 -
well that's almost what the tories have been doing, except they've raised the tax burden to the highest for many decades but not solved the issues
my bike - faster than god's and twice as shiny0 -
My analogy would be this country is like an oil tanker in need of a U-turn, only it is also holed beneath the waterline.
We can try and mend the hole and spend some considerable time doing the U-turn or just give up and hope for the best.
The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
Just to put some numbers to this additional borrowing for Covid response was the largest increase since WW2. WW2 borrowing took 50 years to pay off down to 'background' levels. The Napoleonic wars took a century to pay off. We'll be paying the Covid borrowing off through higher taxation for the next couple of generations.
1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
-
Sometimes. Sometimes not. There were five recessions during that 50 year period.
1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
-
I think it is the accepted norm that there will be a recession every 10 years or so. Best we can hope for is 10 years of growth. That we are starting from a low bar can be seen as a good thing, or a hindrance.
The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
Check out the Great Slump of 1430-90. Also the post Napoleonic recession lasted for 9 years. You can still see the evidence in the lack of buildings from that time. Stuff will go badly wrong from time to time.
In any case, we didn't have 15 years of no growth. Things were doing alright up to 2016.
1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
So is that a tacit admission that the answer is not necessarily to tax more and chuck more money at the problem?
I'm pretty sure that the Tories were not campaigning on a tax raising ticket and even Labour were trying to weasel word it to sound like they weren't going to raise taxes, even though most people knew that they would.
When are you going to wire over those worthless NI cuts BTW?
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
See my post upthread about some of the rather obvious background reasons. Labour don't have the same excuse.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
It's definitely got a hole now Labour is in charge.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
Haha.
That's the kindest thing I can say for your logic here. If you believe the stuff that you are saying, you ought to give Liz Truss a call.
0 -
Why do you persist in attempting to convince us that a tax professional does not understand the overall tax burden vs one specific tax?
Some day people will stop thinking it's a windup act Stevo and come to the concussion you really believe this guff.
- Genesis Croix de Fer
- Dolan Tuono0 -
No. They didn't shout about it but those were the plans. It was discussed at length at the time. Labour adopted essentially the same spending plans so of course taxes are going to go up.
Tweaking public sector working practices is fiddling around the edges. Fundamentally we have too many retired and sick people and not enough taxpayers to support them. We've got a huge amount of borrowing to pay down as well, so I'd be surprised if the overall tax burden drops before you retire.
As for NIC savings, I find myself in the 'more tax' part of the graph. Very happy for you if you are further along the X axis.
1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
It's the worst growth in living standards since Napoleon. That is no growth, in the sense that collectively, on average, Brits earn the same as they did 15 years ago.
That chart will flatter economies that have volatile performance, and countries who materially increase the size of their population.
0 -
Who's talking about one specific tax?
Anyhow, haybe one day you could post something constructive in a debate? Give it a go, who knows what might happen!
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
If that was the plan then you'll have some evidence. Let's see it.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
That blue line looks like it's tilting upwards.
And as was said at the time, the blue line was based on unspecified cuts in public spending that nobody seriously thought were achievable.
1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
Sorry I tried to keep it simple by replying to your post where you talked about one specific tax.
When are you going to wire over those worthless NI cuts BTW?
- Genesis Croix de Fer
- Dolan Tuono0 -
FWIW, the 'things are worse than we thought ' line does feel pretty disingenuous. I think most people who took an interest knew that public finances were this bad. I also can't imagine that there is a practical way to hide what state the public finances are in in the first place.
1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
Tories made the election about tax breaks, and labour were too afraid to be honest with the public about that.
Big majority and be disingenuous or small majority and be honest. Choose your poison.
What's more worrying is Reeves is talking like Osbourne. Cutting investment budgets to pay for bigger public sector wages is not going to deliver long term growth.
0 -
It always looked obviously (laughably) bad from year 4 onwards.
If current plans also look unachievable from year one, that's news.
Revisiting infrastructure projects to see what savings can be made is sensible, binning them to pay for day to day spending is not.
0 -
-
Just a comment to RJS who claimed that his savings from the two last NI cuts weren't worth having. So I suggested he wire his savings over to me, given how much I saved. For some reason he declined to reply...
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
As I said, there were no savings.
1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
I'm a 3 figure sum better off every month.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
Based on the chart rjsterry posted that puts you on about £45k pa. Fair play.
- Genesis Croix de Fer
- Dolan Tuono0 -
Very happy for you. Not for me it wasn't.
Just for clarity, if my PAYE tax goes down by £5 a month, but my annual tax bill goes up by £700* I'm not better off.
* Numbers for illustration only.
1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
£3:75.
0
