news & politics:discussion

[Neil]

9 minutes ago, Ozanne said:

They will, all their policies are/will be fully costed. 

numbers written on paper is 'costed', that doesnt mean the money is really available.

[Guest]

6 minutes ago, Neil said:

numbers written on paper is 'costed', that doesnt mean the money is really available.

Yes it does and yes the money is available. 

[Neil]

6 minutes ago, Ozanne said:

Yes it does and yes the money is available. 

you've never heard that accounts can be fiddled?

you need to expand your knowledge before commenting.

[Guest]

13 minutes ago, Neil said:

you've never heard that accounts can be fiddled?

you need to expand your knowledge before commenting.

You are wrong. We are spending money now as a country so there is money available. Besides that Labour will put out fully costed plans for all of their policies such as closing a tax loophole for businesses and ended private schools charity status. 

[Neil]

9 minutes ago, Ozanne said:

You are wrong. We are spending money now as a country so there is money available. Besides that Labour will put out fully costed plans for all of their policies such as closing a tax loophole for businesses and ended private schools charity status. 

all i'm saying is that costed plans are not necessarily an honest presentation of the situation, they can be fiddled to suggest the impossible is doable.

[steviewevie]

13 minutes ago, Ozanne said:

You are wrong. We are spending money now as a country so there is money available. Besides that Labour will put out fully costed plans for all of their policies such as closing a tax loophole for businesses and ended private schools charity status. 

Kwarteng nearly crashed the economy by adding to the debt blurden without a credible plan for growth and pay off that debt. These tax cuts are permanent unless labour raises then again, so that extra money has to come from somewhere, and I expect Labour priority will be health care. I expect Labour will need to hold fire on a bunch of stuff if they got in.

[Neil]

6 minutes ago, steviewevie said:

I expect Labour priority will be health care.

i doubt it, they didn't support the rise in NI to fund social care.

[steviewevie]

30 minutes ago, Neil said:

i doubt it, they didn't support the rise in NI to fund social care.

yeah...well that's because it was govt policy.

[steviewevie]

it also isn't the fairest tax to use...but raising NI seems to be easier politcially than raising income tax.

Edited October 10, 2022 by steviewevie

[steviewevie]

Kwarteng bringing forward publication of OBR forecast to 31st Oct.

[Zoo Music Girl]

12 minutes ago, steviewevie said:

Kwarteng bringing forward publication of OBR forecast to 31st Oct.

Cue Halloween themed headlines!

[Guest]

1 hour ago, steviewevie said:

Kwarteng nearly crashed the economy by adding to the debt blurden without a credible plan for growth and pay off that debt. These tax cuts are permanent unless labour raises then again, so that extra money has to come from somewhere, and I expect Labour priority will be health care. I expect Labour will need to hold fire on a bunch of stuff if they got in.

Yeah he did do that but that’s because it was an uncosted tax cut that came out of nowhere which spooked the markets.

That’s why I mentioned that all of Labours plans will be costed with detail as to where the money is coming from. I imagine Labour will have some kind of wealth tax (although Starmer doesn’t like the name of that) and they’ll reverse the change to corporation tax too.

You are right that they Labour will need to be selective about their plans as such things like the NCS won’t be doable in the first term. Plus we don’t know how the Commons will look so they might not be able to do some of what they want. 

[Guest]

16 minutes ago, Zoo Music Girl said:

Cue Halloween themed headlines!

Will it be a trick or treat!?

[Neil]

35 minutes ago, Ozanne said:

Labour will need to be selective about their plans as such things like the NCS won’t be doable in the first term.

we need more of that sort of realism

[steviewevie]

1 hour ago, Ozanne said:

Yeah he did do that but that’s because it was an uncosted tax cut that came out of nowhere which spooked the markets.

That’s why I mentioned that all of Labours plans will be costed with detail as to where the money is coming from. I imagine Labour will have some kind of wealth tax (although Starmer doesn’t like the name of that) and they’ll reverse the change to corporation tax too.

You are right that they Labour will need to be selective about their plans as such things like the NCS won’t be doable in the first term. Plus we don’t know how the Commons will look so they might not be able to do some of what they want. 

they will have all those tax cuts some of which they may have to reverse, they will still have a big load of debt, and they will probably have an economy still struggling and public services that are desperate for cash.

[Guest]

43 minutes ago, steviewevie said:

they will have all those tax cuts some of which they may have to reverse, they will still have a big load of debt, and they will probably have an economy still struggling and public services that are desperate for cash.

That’s so anti-growth mate

[steviewevie]

anti growth coalition = the real world

Edited October 10, 2022 by steviewevie

[gary1979666]

1 hour ago, Ozanne said:

Will it be a trick or treat!?

Don't want to spook the markets again!

[Guest]

 

[steviewevie]

The thinking is that if OBR is ok with Kwarteng's plans then that could mean interest rates won't need to go up so much.

[Neil]

2 hours ago, steviewevie said:

The thinking is that if OBR is ok with Kwarteng's plans then that could mean interest rates won't need to go up so much.

yeah, interest rates are going up mainly as a foil against inflation.

[Guest]

Oh dear…

[Neil]

1 minute ago, Ozanne said:

Oh dear…

tories say: the markets are never wrong.

[Guest]

 

[steviewevie]

1 hour ago, Ozanne said:

Oh dear…

doesn't the boe bond buying thing end soon?