UK Politics

[steviewevie]

The whole lack of prison places and riots message brings home the mess everything is in.

[lost]

15 minutes ago, steviewevie said:

Starmer saying tax rises and spending cuts ahead...and it's all the Tories fault.

 

 Same as 2010 then, though it was labour have left us with a bigger defcit than Greece back then.

[steviewevie]

Just now, lost said:

 

 Same as 2010 then, though it was labour have left us with a bigger defcit than Greece back then.

Same...but different.

[steviewevie]

Public services in a much better state in 2010...no room for cuts there now. Will be taxes on wealth, and things like making winter fuel payments mean tested.

They should reverse the NI cuts too, but they won't..

[clarkete]

5 minutes ago, steviewevie said:

Same...but different.

 

Just after the election one of the commenters on one of the beeb political shows discussed the pivot from becoming Chancellor like Brown, to the situation being more like Osbourne 

[steviewevie]

When new labour got in in 97 they stuck to Tory tax and spend commitments for a few years which pissed a lot of people off...and then after a few years they started putting up a few taxes and turned on the spending taps .but they also had a growing and buoyant economy to help them.

[lost]

13 minutes ago, steviewevie said:

Public services in a much better state in 2010...no room for cuts there now.

 

2005 - 2008, It was bascially the revenues generated from the risky sh*t the banks were doing (along with a 6% deficit) that was paying for the public services. Our financials services sector was as big as the states. The deficit obviously then ballooned to double digits when it all collapsed.

 

Things have never got back to the mid-2000's because we've never replaced that bit of the economy with anything. This time the issue is £400bn on covid and then interest rates hitting their highest level in 16 years. The government were planning on taking on that debt anyway due to the aging population but they've brought the crunch point forward a decade.

Edited August 27 by lost

[steviewevie]

23 minutes ago, lost said:

 

2005 - 2008, It was bascially the revenues generated from the risky sh*t the banks were doing (along with a 6% deficit) that was paying for the public services. Our financials services sector was as big as the states. The deficit obviously then ballooned to double digits when it all collapsed.

 

Things have never got back to the mid-2000's because we've never replaced that bit of the economy with anything. This time the issue is £400bn on covid and then interest rates hitting their highest level in 16 years. The government were planning on taking on that debt anyway due to the aging population but they've brought the crunch point forward a decade.

but there's always political decisions on tax and spending..for example now Labour have prioritised public sector pay rises over pensioners winter fuel payments and maybe binning the two child benefit cap. 

Just have to see what is actually in budget in October.

[steviewevie]

Winter is coming.

[Nobody Interesting]

1 hour ago, steviewevie said:

The whole lack of prison places and riots message brings home the mess everything is in.

 

Prison place shortage was already known about with a policy in place and Labour just extended that policy.

Are riots (which happen every 5/6 years on average) really why they are going to do what they are going to do?

Of course not. They are a pretty damn good excuse though.

[Nobody Interesting]

48 minutes ago, steviewevie said:

Public services in a much better state in 2010...no room for cuts there now. Will be taxes on wealth, and things like making winter fuel payments mean tested.

They should reverse the NI cuts too, but they won't..

How much would you like to bet that services will not be cut?

Signs already out there and Labour seems to hate old people.
https://www.bbc.co.uk/news/articles/c0rw08dwxeko

[steviewevie]

Just now, Nobody Interesting said:

How much would you like to bet that services will not be cut?

Signs already out there and Labour seems to hate old people.
https://www.bbc.co.uk/news/articles/c0rw08dwxeko

isn't that a council policy?

[Nobody Interesting]

39 minutes ago, lost said:

 

2005 - 2008, It was bascially the revenues generated from the risky sh*t the banks were doing (along with a 6% deficit) that was paying for the public services. Our financials services sector was as big as the states. The deficit obviously then ballooned to double digits when it all collapsed.

 

Things have never got back to the mid-2000's because we've never replaced that bit of the economy with anything. This time the issue is £400bn on covid and then interest rates hitting their highest level in 16 years. The government were planning on taking on that debt anyway due to the aging population but they've brought the crunch point forward a decade.

 

Don't forget the PFI's which funded so much of what was done.

[Nobody Interesting]

Just now, steviewevie said:

isn't that a council policy?

 

It's a Labour council policy yes but shows how their instincts are not to target the wealthy or business but to target those least able to pay more or lose services just like the Winter Fuel farce.

[steviewevie]

1 minute ago, Nobody Interesting said:

 

It's a Labour council policy yes but shows how their instincts are not to target the wealthy or business but to target those least able to pay more or lose services just like the Winter Fuel farce.

ok...but still not a government policy.

This is where more devolved power could be tricky...Burnham gets more tax and spend power but f**ks it up and Starmer gets the blame.

[Nobody Interesting]

Just now, steviewevie said:

ok...but still not a government policy.

This is where more devolved power could be tricky...Burnham gets more tax and spend power but f**ks it up and Starmer gets the blame.

 

I look forward to seeing you defend things that will become government policy LOL

[lost]

There are rumours council tax is going to be replaced by something else in the budget linked to the value of your house.

[steviewevie]

1 minute ago, lost said:

There are rumours council tax is going to be replaced by something else in the budget linked to the value of your house.

definitely needs reforming.

[Nobody Interesting]

Oct 2022, Hunt arrives and 'saves the economy' but at the same time he adds in a tax CUT for banks worth an estimated £7.3 billion a year.
One year on banks had record profits and are heading for even more.
https://theconversation.com/uk-banks-are-reporting-huge-profits-but-there-are-many-reasons-why-this-may-not-last-224095

 

The Lib Dems said they would reverse this cut, Labour said they would not.....................................

 

What governments do is a choice and Labour chose to cut fuel help from people  knowing full well many would suffer as  a result.

Note that today Starmer said the budget would be painful but did not add but only for the wealthy and businesses making large profits....................... he said we would all have to take pain. That is a choice, a choice they do not need to take and  a choice that will only fuel division and make more people blame people not like themselves.

Today's speech came as no surprise to me at all as did the avoidance of honesty during the election.

[Nobody Interesting]

2 minutes ago, lost said:

There are rumours council tax is going to be replaced by something else in the budget linked to the value of your house.

 

Council Tax is linked to the value of homes - but just based on something from 1991 I think rather than today's value.

I have no problem with a change as long as those at the top pay an equilvelent amount compared to those in small homes which they do not now.

[steviewevie]

3 minutes ago, Nobody Interesting said:

Oct 2022, Hunt arrives and 'saves the economy' but at the same time he adds in a tax CUT for banks worth an estimated £7.3 billion a year.
One year on banks had record profits and are heading for even more.
https://theconversation.com/uk-banks-are-reporting-huge-profits-but-there-are-many-reasons-why-this-may-not-last-224095

 

 

that article kind of says that the record profits are coming to an end.

[Nobody Interesting]

3 minutes ago, steviewevie said:

that article kind of says that the record profits are coming to an end.

 

So that one small part is your take from the whole post LOL

 

If they make 98% of the record profit but it is not higher it is still higher than any profit previously made and they still all pay less tax than they did.

Edited August 27 by Nobody Interesting

[steviewevie]

8 minutes ago, Nobody Interesting said:

So that one small part is your take from the whole post LOL

 

no, it is my take on that small part.

As this is.

[Nobody Interesting]

23 minutes ago, steviewevie said:

no, it is my take on that small part.

As this is.

 

As with politicians it is the parts they choose to ignore or not respond to that shows how they really operate and think.

[steviewevie]

Just now, Nobody Interesting said:

 

As with politicians it is the parts they choose to ignore or not respond to that shows how they really operate and think.

well it does play into it...if the moment of big profits are over then so might be the calls to tax them more...plus wasn't this some tax surcharge thing that went down as corporation tax went up?

Anyway, I am not against taxing banks more because everyone hates fat cat bankers etc..and maybe they will (but I doubt it because profits are down!).

More likely some tweaks to various wealth taxes, maybe reform council taxes..and maybe a change to debt fiscal rule thingy.