Austerity is dead? (1 Viewer)

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Deleted member 5849

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Long live spending
 

David O'Day

Well-Known Member
30 billion in a stimulus package or about 460 quid per person. Fuck all really and unlikely to the required demanf

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shmmeee

Well-Known Member
If I can blame the Council you have a deal? Same thing.

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David O'Day

Well-Known Member
£30bn really is fuck all, It is less than 5% of the annual tax revenue
As I said it's around 460 quid per person in the uk which with hardly cover the loss in demand that will caused by an extended covid 19 outbreak

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wingy

Well-Known Member
So much vagueness around help for zero hrs / self employed from the pm.
UC is not worth the paper it's written on unless you're willing to bankrupt and suffer the barrs to entry afterwards.
Very many SE people are fake really and a growing trend as that loophole closes is being pressured to become LC which of course you're really not .
Handy for paying yourself the minimum avoiding tax ,topped by a nice quarterly bonus .
 

shmmeee

Well-Known Member
Government tries to improve things and people continue to moan

Are you happy with the first Labour budget in a decade then? Spending £100bn more than Crazy Corbyn was planning.

Welcome to the light side comrade.

(I think overall it’s pretty good, just massively hypocritical)
 

David O'Day

Well-Known Member
Are you happy with the first Labour budget in a decade then? Spending £100bn more than Crazy Corbyn was planning.

Welcome to the light side comrade.

(I think overall it’s pretty good, just massively hypocritical)
It's a step in the right direction just not enough

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theferret

Well-Known Member
Are you happy with the first Labour budget in a decade then? Spending £100bn more than Crazy Corbyn was planning.

Welcome to the light side comrade.

(I think overall it’s pretty good, just massively hypocritical)

I can see why you call hypocrisy. Boris has always been a champion of investment in infrastructure. As soon as Javid went, you knew they'd splash the cash in this budget. Bit of a kick-back already from some on the right and talk of magic money trees. I think it is needed and welcome.
 

Ring Of Steel

Well-Known Member
I can see why you call hypocrisy. Boris has always been a champion of investment in infrastructure. As soon as Javid went, you knew they'd splash the cash in this budget. Bit of a kick-back already from some on the right and talk of magic money trees. I think it is needed and welcome.

"Boris has always been a champion of investment in infrastructure"?

He spent,... actually you spent over £1bn on projects that all failed at his whim & fancy, including the Garden Bridge, Routemaster buses, second hand water cannons (that didn't actually work), an airport built on the Thames estuary, the Olympic Orbit tower, and more. And now we see that after spending on a bridge between Ireland and Scotland that could never happen, he now wants to build a tunnel instead.

He is utterly incapable of any kind of sensible investment in anything, and all that will happen here is that he will talk about investing in this & spending on that, but nothing will actually happen- and if it does then it will fail.
 

fernandopartridge

Well-Known Member
I can see why you call hypocrisy. Boris has always been a champion of investment in infrastructure. As soon as Javid went, you knew they'd splash the cash in this budget. Bit of a kick-back already from some on the right and talk of magic money trees. I think it is needed and welcome.

The devil is in the detail, more often than not headline promises from the Tories either are just repackages of previous announcements or heavily qualified.

I hate the way the stupid media describe a 'generous' budget as a 'giveaway'. It isn't. This is our (taxpayer) investment, the government does not give us money.
 

theferret

Well-Known Member
It's hypocritical as they spend an election campaign attacking the dangerous labour spending plans.

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They just won an election on the back of a manifesto that pledged to increase public spending and borrowing, which is exactly what they have just done. The level of that increase is a point of debate. Some saying it is reckless and too much, others (like you) saying it is not enough. It can't be both.
 

fernandopartridge

Well-Known Member
Oh look
Small print alert: Coronavirus-specific measures worth £12bn, rather than £30bn
In his budget speech Rishi Sunak said that the coronavirus rescue package he was announcing was worth £30bn. Having announced a series of coronavirus-specific measures, he told MPs:

Those measures are on top of plans that I will set out later in this budget, which provide an additional fiscal loosening of £18bn to support the economy this year.

That means I am announcing today, in total, a £30bn fiscal stimulus to support British people, British jobs and British businesses through this moment.

In other words, more than half of the £30bn is made up of general spending measures to boost the economy already in the pipeline. Sunak acknowledged this, of course, and measures to boost the economy will be welcome. But it does mean that £12bn is more accurate price tag for the coronavirus-specific measures than £30bn.

This Treasury briefing paper (pdf) has a good summary of these measures, which starts by saying Sunak set out “a £12bn package of temporary, timely and targeted measures to support public services, individuals and businesses through the economic disruption caused by Covid-19”.
 

shmmeee

Well-Known Member
The devil is in the detail, more often than not headline promises from the Tories either are just repackages of previous announcements or heavily qualified.

I hate the way the stupid media describe a 'generous' budget as a 'giveaway'. It isn't. This is our (taxpayer) investment, the government does not give us money.

I mean technically as a fiat currency yes it does. No government = no money. But I get your point.

We’ve needed investment for decades I’m not about to complain when some comes. I still expect austerity to bite in the less sexy areas and the government finances to be a mess when Johnson leaves because that’s been the case in every administration of his, but like all despots the man like a big infrastructure project and I can get behind that. As long as it’s sensible and not of the Garden Bridge/Boris Island type.
 

theferret

Well-Known Member
"Boris has always been a champion of investment in infrastructure"?

He spent,... actually you spent over £1bn on projects that all failed at his whim & fancy, including the Garden Bridge, Routemaster buses, second hand water cannons (that didn't actually work), an airport built on the Thames estuary, the Olympic Orbit tower, and more. And now we see that after spending on a bridge between Ireland and Scotland that could never happen, he now wants to build a tunnel instead.

He is utterly incapable of any kind of sensible investment in anything, and all that will happen here is that he will talk about investing in this & spending on that, but nothing will actually happen- and if it does then it will fail.

You're just regurgitating Andrew Neil's recent monologue. It's all very well criticising his record (justifiably in some cases), but you cannot equally ignore his successes, of which there were a few, the fact he won two elections in left-leaning London comfortably suggests he was not nearly as hapless as some like to suggest.

His commitment, for example, for heavy investment in telecommunications infrastructure and scientific research is eminently sensible, and he will not personally be responsible for delivery of these projects.
 

theferret

Well-Known Member
The devil is in the detail, more often than not headline promises from the Tories either are just repackages of previous announcements or heavily qualified.

I hate the way the stupid media describe a 'generous' budget as a 'giveaway'. It isn't. This is our (taxpayer) investment, the government does not give us money.

Of course. Heavy fist-fulls of salt following any budget. The devil is always in the detail regardless of the colour of government. There are some welcome measures though. I am a big fan of the way this government continue to raise tax thresholds for low earners - income tax and now NI. The raise in the minimum wage (which we knew about) now takes our minimum wage to the highest in Europe. I think we should celebrate that.

There are, equally, policy positions that they take I do not agree with. It's politics. There is always all sorts of spin surrounding a budget anyway. Fact is though, they are borrowing and spending more. I'm not particularly partisan though so there is less incentive for me to pick through the finer details to find faults. Others will do that and within coming days, once it is picked apart, we'll see what that analysis says.
 

stupot07

Well-Known Member
It's good to have some investment but this only scratches the surface and a lot if the investment is too vague.

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Ring Of Steel

Well-Known Member
You're just regurgitating Andrew Neil's recent monologue. It's all very well criticising his record (justifiably in some cases), but you cannot equally ignore his successes, of which there were a few, the fact he won two elections in left-leaning London comfortably suggests he was not nearly as hapless as some like to suggest.

His commitment, for example, for heavy investment in telecommunications infrastructure and scientific research is eminently sensible, and he will not personally be responsible for delivery of these projects.

I'm not regurgitating anything, and Andrew Neil is a moron.

Also you are proving my point very well for me.

He is big on 'commitments', he's a huge 'backer', he loves to 'talk' about his plans, and he is a man for big 'ideas'- but he does fuck all. He is all talk no action. High on rhetoric and low on results. He is a bullshitter, a schmoozer, a pathological liar- and the reason he wins elections is because a large proportion of the population are highly gullible, believe all the lies and think that good things will happen. But with this prick, nothing ever has or will.
 

theferret

Well-Known Member
I'm not regurgitating anything, and Andrew Neil is a moron.

Also you are proving my point very well for me.

He is big on 'commitments', he's a huge 'backer', he loves to 'talk' about his plans, and he is a man for big 'ideas'- but he does fuck all. He is all talk no action. High on rhetoric and low on results. He is a bullshitter, a schmoozer, a pathological liar- and the reason he wins elections is because a large proportion of the population are highly gullible, believe all the lies and think that good things will happen. But with this prick, nothing ever has or will.

Andrew Neil is just about the finest political broadcaster we have. Just my opinion like.

Fine, won't indulge in the 6th form politics. Your pathological dislike for the man renders you incapable of reasoned discussion it seems. Of course much of this will happen; policy is set, budgets are allocated and the civil service implement said policy. That doesn't mean certain schemes will run into trouble, big infrastructure projects often do. We're not talking about pie in the sky vanity projects here, most of them are sensible and deliverable. Broadband infrastructure, very specific projects like the A46 proposals - we're not building a bridge to the moon. We're talking about specific projects that will receive the funding promised and will be delivered. Whether they are delivered on time or on budget, or if they represent value for money, that's for later. The idea that Boris is 'making up' these commitments is for the school common room.

I keep making the mistake of pitching in to the politics threads. Will happily have sensible knockabout discussions with shmmeee, stupot, CVD, FP, but amongst all that you have to deal with batshit stuff like this post. Pointless.
 

Ring Of Steel

Well-Known Member
Andrew Neil is just about the finest political broadcaster we have. Just my opinion like.

Fine, won't indulge in the 6th form politics. Your pathological dislike for the man renders you incapable of reasoned discussion it seems. Of course much of this will happen; policy is set, budgets are allocated and the civil service implement said policy. That doesn't mean certain schemes will run into trouble, big infrastructure projects often do. We're not talking about pie in the sky vanity projects here, most of them are sensible and deliverable. Broadband infrastructure, very specific projects like the A46 proposals - we're not building a bridge to the moon. We're talking about specific projects that will receive the funding promised and will be delivered. Whether they are delivered on time or on budget, or if they represent value for money, that's for later. The idea that Boris is 'making up' these commitments is for the school common room.

I keep making the mistake of pitching in to the politics threads. Will happily have sensible knockabout discussions with shmmeee, stupot, CVD, FP, but amongst all that you have to deal with batshit stuff like this post. Pointless.

If you would like to make a list of all the "investments in infrastructure" that have actually been delivered on, as opposed to the much longer list of failures & lies, please go ahead. Until that time you can go on happily whiling the days away in dreamland.
 
D

Deleted member 5849

Guest
I do wonder how many of the Tory backbenchers would react to this budget. Support austerity for years, criticise Labour policy as fantastical pie in the sky... see your own party turn on the borrowing taps, and now have to go out and defend that.

Looking forward to George Osborne's reading of it...
 

shmmeee

Well-Known Member
I do wonder how many of the Tory backbenchers would react to this budget. Support austerity for years, criticise Labour policy as fantastical pie in the sky... see your own party turn on the borrowing taps, and now have to go out and defend that.

Looking forward to George Osborne's reading of it...

There’s some interesting analysis of the latest BES survey coming out that shows a few problems building for the Tories with this strategy and the immigration one. Basically they’ve got the Lib Dem’s snapping at their heels for the traditional Tory vote for fiscal responsibility and social liberalism and a group of new voters who aren’t likely to think they’ve seen any tangible improvement in their lives in the next five years.

As for the PCP, I think most are happy to have an 80 seat majority and a lot of the new ones are BlueKIP more than traditional Tories which might help.
 

theferret

Well-Known Member
If you would like to make a list of all the "investments in infrastructure" that have actually been delivered on, as opposed to the much longer list of failures & lies, please go ahead. Until that time you can go on happily whiling the days away in dreamland.

I think I'll do that. Meanwhile you can continue to post your political insights using words like 'moron' and 'prick', clinging to the notion that anyone who votes differently to you is gullible and stupid, and one day somebody might actually mistake them for balanced arguments. You never know.
 

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