I wonder what the Office for Budget Responsibility will make of it.
It would be a bizarre thing to make spending commitments to in favour of much more pressing matters elsewhere. They do understand how shallow their majorities are right?Not sure where the depth of feelings from. For all the noise even a majority of Labour voters support the policy
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It would be a bizarre thing to make spending commitments to in favour of much more pressing matters elsewhere. They do understand how shallow their majorities are right?
And they’ve hamstrung themselves by their ridiculous comments on tax made during the election.Theres going to be a lot of calls on cash. They desperately need growth to continue to improve and BoE rates to be cut asap to give them some wriggle room
Think he has to. He’s underestimated the depth of feeling on the topic, and his argument to not afford it is flimsy at best considering he’s happy to essentially issue blank cheques to Ukraine.
And they’ve hamstrung themselves by their ridiculous comments on tax made during the election.
Who gives a fuck really? The tenure of that office has coincided with a prolonged fall in living standards, anaemic wage growth, significantly impaired public services and public realm. It should be abolished or its remit changed so that it measures against outcomes rather than a fabricated 'budget'.I wonder what the Office for Budget Responsibility will make of it.
Which I have no problem with, but they were too scared to make the argument.Yeah, agree. They didn’t need to make those tax commitments.
I expect we will all be taxed more in any event though
Who gives a fuck really? The tenure of that office has coincided with a prolonged fall in living standards, anaemic wage growth, significantly impaired public services and public realm. It should be abolished or its remit changed so that it measures against outcomes rather than a fabricated 'budget'.
Passing all economic policy to the OBR is batshit too. Why are we even electing politicians if the BoE and OBR make all the decisions?
Thats what Liz Truss said
Well this is bollocks isn't it.This is economics, there are no experts
It’s a citizens god given right to elect a mentalist that trashes the economy.
This is economics, there are no experts, just people with opinions and ideologies. The idea there’s such a thing as a neutral fact based observer is a nonsense.
Personally I'm just liking the fact the news headlines aren't about something ridiculous daily, anything else is a bonus!I said at the time that people should be concerned about the power of the markets/OBR etc (even though I thought truss was crazy). People ignored it at the time because it didn’t fit with their ideology.
I do think people jumping up and down three weeks into a new government before a budgets even been announced is a bit OTT though. If reeves and starmer get this right and ride the new government/stability wave, they’re likely to see a natural continued increase in growth* which will give them more to play with. Not sure many in the party and it’s supporters have the patience though
*inflation is also currently under control which should mean rate cuts and cheaper borrowing as well, which should free up more cash
I said at the time that people should be concerned about the power of the markets/OBR etc (even though I thought truss was crazy). People ignored it at the time because it didn’t fit with their ideology.
I do think people jumping up and down three weeks into a new government before a budgets even been announced is a bit OTT though. If reeves and starmer get this right and ride the new government/stability wave, they’re likely to see a natural continued increase in growth* which will give them more to play with. Not sure many in the party and it’s supporters have the patience though
*inflation is also currently under control which should mean rate cuts and cheaper borrowing as well, which should free up more cash
Well this is bollocks isn't it.
Oh no I agree. And hopefully the OBR stuff is just a sop to the idea of stability and like most self imposed government rules will last just as long as it’s politically expedient.
I remember listening to an economics podcast where they were discussing how the drop out rate for economics degrees was high compared to other courses and the general consensus was that the more you study economics the more apparent it becomes that its all smoke and mirrorsIf economics was settled we wouldn’t have politics.
I agree with you, but the government has said that they will be looking for OBR “approval” of spending plans (budgets).Who gives a fuck really? The tenure of that office has coincided with a prolonged fall in living standards, anaemic wage growth, significantly impaired public services and public realm. It should be abolished or its remit changed so that it measures against outcomes rather than a fabricated 'budget'.
If they hadn’t, they might not have got 20% of the electorate to vote for them.Yeah, agree. They didn’t need to make those tax commitments.
I expect we will all be taxed more in any event though
Higher than inflation pay rises for state sector employees, however justified, may well be inflationary as the private sector demands the same.I said at the time that people should be concerned about the power of the markets/OBR etc (even though I thought truss was crazy). People ignored it at the time because it didn’t fit with their ideology.
I do think people jumping up and down three weeks into a new government before a budgets even been announced is a bit OTT though. If reeves and starmer get this right and ride the new government/stability wave, they’re likely to see a natural continued increase in growth* which will give them more to play with. Not sure many in the party and it’s supporters have the patience though
*inflation is also currently under control which should mean rate cuts and cheaper borrowing as well, which should free up more cash
Hasn't been deflationary all the years I've had a below inflation pay riseHigher than inflation pay rises for state sector employees, however justified, may well be inflationary as the private sector demands the same.
If you are a state employee, as I was, you will know that when times are good, state pay is held back as an example to the private sector and when times are bad, state pay is held back as an example to the private sector. Pretty much heads they win, tails you lose. In reality, that public pay restraint has built up a lot of issues (e.g. doctors and nurses industrial action) without curtailing inflation - thus compounding the impact of public sector pay restraint.Hasn't been deflationary all the years I've had a below inflation pay rise
It’s pretty terrible that anyone can’t afford their care in old age without selling assets. Unless they don’t have any at which point the state steps in.I know there's a lot about politicians being self serving and money grabbing, but isn't it pretty terrible that a former Prime Minister couldn't afford his care when sick
Not the same thing. When people talk about hydrogen they mean fuel cells running electric motors.
Well this is bollocks isn't it.
‘You can’t give people above inflation pay rises’
Huw Edwards's BBC pay increased by £40,000 last year
Gary Lineker tops BBC salary list for seventh year running, with former news anchor Edwards in fourth.www.bbc.co.uk
And people wonder why the BBC is fucked
Worth pointing out that it’s Boris’ cronies that are currently in charge.And people wonder why the BBC is fucked
Ridiculous‘You can’t give people above inflation pay rises’
Huw Edwards's BBC pay increased by £40,000 last year
Gary Lineker tops BBC salary list for seventh year running, with former news anchor Edwards in fourth.www.bbc.co.uk
Worth pointing out that it’s Boris’ cronies that are currently in charge.
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