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Politics, politics, politics (so long and thanks for all the fish)

Not one post about the wonderful budget today !!

How amateurish was the fact it was all leaked early too, this lot couldn't organise a tinkle up in a brewery, worse than worse
 
markysimmo said:
Not one post about the wonderful budget today !!

How amateurish was the fact it was all leaked early too, this lot couldn't organise a tinkle up in a brewery, worse than worse
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There wasnt much in it. Minor tinkering. No seriously needed reform of council/land value tax, the triple lock or NI. Working people and the young still propping up passive incomers and the old. Just a nothing event
 
markysimmo said:
Not one post about the wonderful budget today !!

How amateurish was the fact it was all leaked early too, this lot couldn't organise a tinkle up in a brewery, worse than worse
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To be fair to Labour (and there's not much left one can complete that sentence with) the OBR leaked it, nothing to do with them.

But what a fudging shambles of a budget. Watching them promise not to tax us and spend more is like watching a smackhead promise that tif you give him some money, he'll spend it on a cup of tea.
 
scaramanga said:
To be fair to Labour (and there's not much left one can complete that sentence with) the OBR leaked it, nothing to do with them.

But what a fudging shambles of a budget. Watching them promise not to tax us and spend more is like watching a smackhead promise that tif you give him some money, he'll spend it on a cup of tea.
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So shambolic the markets took it badly.
 
scaramanga said:
That's pretty good.

Someone clearly removed her fiscal responsibility module to make room for the humour one.
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I watched it live and Rachel was actually on top form with some of the banter. Whatever you think of her politics, I reckon she'd be a laugh to have a beer with after work on a Friday.

I do struggle watching these things though. I would love the speaker of the house to tell everyone to STFU whilst the speeches are being delivered. They're all like a bunch of big babies making all these pathetic noises all the time. I'd be booting them out left, right and centre until they learn some etiquette.

Perhaps we should put the 500 members of the HoC into the South Stand. Would be an interesting crowd noise.
 
LutonSpurs said:
The markets have reacted fine in reality.
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Mainly the markets care about the govt's ability to pay their debts. The extra headroom will balance the damage she's done the economy in that sense.

Much of the damage will be outside the scope of most yields - the reduction in pension contributions, the armies of generational unemployed families, the move away from EVs, etc.
 
scaramanga said:
Mainly the markets care about the govt's ability to pay their debts. The extra headroom will balance the damage she's done the economy in that sense.

Much of the damage will be outside the scope of most yields - the reduction in pension contributions, the armies of generational unemployed families, the move away from EVs, etc.
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I would put it that it is a measure of the governments willingness to make citizens pay for it’s debts.

The next leg down is additional borrowing for even bigger government as the bond market rates improve.

It’s all a kick in the gonads for private sector workers who simply do not have adequate representation.
 
I worked out i am working another twenty plus days a year for the government when these tax increases comes in. The net impact on me personally ist to push me more towards a longer retirement that will not be as comfortable as i had hoped.
 
johnola said:
I would put it that it is a measure of the governments willingness to make citizens pay for it’s debts.

The next leg down is additional borrowing for even bigger government as the bond market rates improve.

It’s all a kick in the gonads for private sector workers who simply do not have adequate representation.
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johnola said:
I worked out i am working another twenty plus days a year for the government when these tax increases comes in. The net impact on me personally ist to push me more towards a longer retirement that will not be as comfortable as i had hoped.
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The end result with this lot will always be more spending on those who don't earn and more taxation on those who do. Whether it's us paying for it now or the generations in the future paying off the interest, we'll all pay much, much more.

There's plenty of measures that didn't make headlines too. Such as increased business rates on properties over £500k. Described as a measure to ensure giants like Amazon pay their fair share, it will actually just cripple the manufacturing industry in this country. Every small manufacturer will have a property over that value, most will not be able to afford the increases.
 
scaramanga said:
Mainly the markets care about the govt's ability to pay their debts. The extra headroom will balance the damage she's done the economy in that sense.

Much of the damage will be outside the scope of most yields - the reduction in pension contributions, the armies of generational unemployed families, the move away from EVs, etc.
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I don't think Reeves is good at all. But she has done infinitely better than the madness Truss tried. And considering that it is a relief. Truss made our money worth less.
 
LutonSpurs said:
I don't think Reeves is good at all. But she has done infinitely better than the madness Truss tried. And considering that it is a relief. Truss made our money worth less.
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For most of her time in No 11, gilt yields have been higher than under Truss.

An arm's length, independent evaluation that makes it clear she's doing far worse. And Truss was a brick show.
 
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