Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Then Granny Tax in the budget gets another stealth tax.Treasury Committee recommend that the Bank of England
provide a `benefit and loss`effect of `quantitative easing`and that the government compensate pensioners for their loss.
Treasury Committee also critised Osborne on the 50p Top Tax rate for using Treasury figures to calculate the loss of
revenue instead of the Inland Revenue and also Osborne`s claim that the his costings had been endorsed by the Office of
Budget Responsiblity when the OBR in their evidence proved that not to be the fact ( truth !!! )
The OBR also listed the costing policy used to be one of six areas of particular uncertainty.
Naughty Olly....we are watching your every move.....
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Tory high command has tried to spin Cameron out of trouble.They have ordered ministers to come up with eye catching
right wing items to appease the true blue backbenchers angered by Osborne`s Budget.
The list includes ...veto wind farms in tory settings..Pakistan students..Europe and trains that don`t run on time....Downing
Street have been desperate to move the media agenda away from the Budget,May etc,etc and have been scouring
Whitehall for things to announce but one Downing Street insider said `they want to show we are on the front foot and are
looking for issues that are consumer friendly...the trouble is finding them.....
Reg, are you going to be as vitriolic about the next left leaning government as you are about this one? I hope so, otherwise that would indicate prejudice and bias.
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Ditto.
I am once again confused by what you mean. If you mean I am prejudiced and biased against a particular brand of government you haven't been reading this forum for long enough. Or perhaps widely enough.
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
We still have 90% of cuts of the deficit cuts to yet hit us and Osborne ( using Danny boy to deliver the bad news ) orders
Treasury to tell ministers to find another £ 16 billion ..more cuts..due to the total pessimism regarding the lack of economic
growth.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
I have said they need to cut more.
The new spending reductions are still not enough.
Still doing only the minimum needed to keep bond purchasers happy and rates low. Proper cuts are needed so more can be done to lessen the burden on the private sector and generate growth.
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
# 166 late news
Danny Alexander,toy boy used by tories to deliver bad news while Olly and Flashman hide away,will deliver a power grab
by the Treasury that all ministers must abide by a new two point plan or face penalties...the hard word...
They must report to the Treasury on a monthly basis and identify 5% of their resources budget that can be redirected for
unforeseen circumstances.......must be the £ 16 billion?
Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
blimey 16 billion thats a lot of dough to be found
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
But still not enough.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
can you reply to the earlier posting on the cuts and unemployment
if we follow your lead and get unemplyment to over 4 million
surely thats not helping, is it?
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
No Keith - cutting state spending and reducing the burden on the private sector is all about getting economic growth and more productive jobs from the only people who can deliver, the private sector. The public sector at the bloated current level of spending is no more than a black hole into which money disappears. A job in the public sector is at the cost of at least one in the private sector.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
barryw;
you keep floating this one, and it became clear the private jobs never came
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Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
..and where is the economic growth ?......
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
You need to find out what is actually happening in the economy Keith.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
...where is the economic growth? - stifled by high taxes, excessive red tape and massive government debt here and in Europe. That is why we need proper cuts. You cannot spend and keep spending more than you have income and build up more and more debt without consequences. The Greeks know that even if some want to bury their heads in the sand as do so many over here.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
we will know who is right on this issue if this hollande cove gets elected in france.
he preaches growth over austerity measures.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
WHAT I DO SEE is unemployment rising
what i do see is the economy likely to be a problem for at least 3 years
what i do see is even the most positive believer in the economy forecasting the economy will be in decline for 2 to 3 years at least
i could go on,,,,,,
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
That is the extent of the problem created by excessive government spending. The fact that a lot of European governments did the same is no excuse for the British government.
Howard - whatever he claims in an election France will not be able to just keep spending themselves into a Greek style disaster. I say again, you cannot go on spending more than you have income and keep building up more and more debt without serious consequences. France is in a poor state already.
Apply the logic to your own finances Howard. I am sure you could get a wonderful lifestyle for a while using up all your credit cards and borrowing more and more - but it cannot go on forever and it will come to a nasty end. It is the same for governments. By the way - I am not giving you financial advice to do that !
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
3 million unemployed now
likely to be over 4 million by 2014/15
ALL POSTS ARE MY OWN PERSONAL VIEWS