Tories pledge to ruduce public debt

abaxas

chucky wrote: »

Osbourne is out of his depth - he's getting shown up each and every time that his plan isn't credible.

the only people that seem to back him and think that his ideas are the correct ones are the anti-Brown people on this forum

Guess we'll just add him to the long list of people who have no idea how to do the job...

Gordon Brown
Ali Darling
etc etc

lilac_lady

Peter Mandelson and George Osborne etc all move in the same social circles so anyone who still thinks there's a difference between New Labour and Conservative values is mistaken IMO.

As far as making up the budget gap, the people who will suffer won't be the ones who make the decisions.

Rochdale_Pioneers

Osborne has stepped up his rhetoric this week, and good thing too. So far he has:

1. tried to insist that we have the same debt crisis as Greece. The markets disagree by snapping up every gilt in sight.
2. Claimed that our credit rating is at risk. The agencies insist it is not
3. Stated that because Branson backs him big cuts now HAS to be the way forward. The IMF and UBS disagree, but what would they know?

The Tories thought Brown was their secret weapon and keep playing the man. And keep seeing his poll ratings increase as Cameron's decrease. Actually its the other way round - Osborne is Labour's best weapon. The more he insists on large cuts to as yet un-named services and jobs, the more that the phalanx of the markets, the IMF, the Bank of England etc round on him and insist he is wrong, the more we will see that Tory lead continue to evaporate.

black_taxi_2

Peter Mandelson and George Osborne move in same circles

dont you mean yachts

lilac_lady

black_taxi wrote: »

Peter Mandelson and George Osborne move in same circles

dont you mean yachts

Shark circles!

Generali

None of the 2 parties that will be able to form a Government after the election have any credible plan to reduce the deficit in the long term IMO.

I would like Labour to have to deal with the consequences of the massive f up that they left the country with (France and Germany don't have the same problems with their banks we should note).

aelitaman

Rochdale_Pioneers wrote: »

Osborne has stepped up his rhetoric this week, and good thing too. So far he has:

1. tried to insist that we have the same debt crisis as Greece. The markets disagree by snapping up every gilt in sight.
2. Claimed that our credit rating is at risk. The agencies insist it is not
3. Stated that because Branson backs him big cuts now HAS to be the way forward. The IMF and UBS disagree, but what would they know?

The Tories thought Brown was their secret weapon and keep playing the man. And keep seeing his poll ratings increase as Cameron's decrease. Actually its the other way round - Osborne is Labour's best weapon. The more he insists on large cuts to as yet un-named services and jobs, the more that the phalanx of the markets, the IMF, the Bank of England etc round on him and insist he is wrong, the more we will see that Tory lead continue to evaporate.

So much rubbish in this post it is hardly worth commenting on. But you may want to look at what Merv said earlier this week "Cuts need to start on day one of the new parliment and be over the lifetime of the parliment." i.e start when the Tories say they would and unlike Labour get rid of the structural defciet over the liftime of a Parliment not two or three or sometime in the future. The markets like what Osbourne is saying. There was an article by Peston on the BBC site that asks the question of was Cameron playing politics when he came back from Davos and said he would not cut hard, because a soon as he said it the interest rates on UK debt shot up from 3.xx% to 4% about a 30% increase and Pestons hypothesis was a UK debt crisis would finish Brown for good and the only thing stopping a UK debt crisis was the polls indicating a Tory victory. So the markets like what Osbourne is saying. This IMF quote you keep usin, got a link or is it in your head?

There is also another point to make in that you have to listen to the words that Brown uses carefully. He says he will halve the defceit big point here he does not say he will halve the STRUCTURAL deficiet. All Brown is saying is that when Growth comes back taxes will come back and this will halve the deficeit and I can keep on borrowing 100bllion every year, year in year out and spending and borrowing and spending. Fantasy stuff.

Osbourne always says he will halve the structural deficeit this means halving the 80billion amount we need to borrow even when the good times are hear. So what Osbourne is saying is growth will reduce the 178billion deficeit by 80 billion, then he will take another 50billion off over 5 years, 10billion a year (sounds easy when it is presented this way) meaning after 5 years the Govt would need to borrow 50 billion max maybe zero if we get decent economic growth above par becase Osbourne would stop draining the city of capital that is needed to fund wealth creation and expansion.

The real lesson off the last 10 years is that countries need to run surpluses or maybe zero borrowing during the good times to fund the bad times when they come, aka China. Osbourne has understood this lesson, Brown is in fantasy land still.

The real debate is do you want Ed Balls as Chancellor or Osbourne, even the Labour party do not want Ed Balls as chancellor but they have proved themselves to be weak having knowingly let a person so unqualified to be PM go unchallenged for the job based on the single fact that he had a bigger group of bullies than anyone else did.

I am waiting for the "Vote Brown, Get Balls." Campaign.

aelitaman

Generali wrote: »

None of the 2 parties that will be able to form a Government after the election have any credible plan to reduce the deficit in the long term IMO.

I would like Labour to have to deal with the consequences of the massive f up that they left the country with (France and Germany don't have the same problems with their banks we should note).

You will not see a plan from the Tory;s because Labour would nick it like inheritance tax.

If the Torys came out with a detailed plan that said for example they would raise VAT to 20% then Labour would say they would raise vat to 19% because we are the nice guys and the torys are nasty. Same with spending cuts.

JasonLVC

aelitaman wrote: »

You will not see a plan from the Tory;s because Labour would nick it like inheritance tax.

If the Torys came out with a detailed plan that said for example they would raise VAT to 20% then Labour would say they would raise vat to 19% because we are the nice guys and the torys are nasty. Same with spending cuts.

Whilst I'd agree that the above argument is valid normally, we are but 3 months away from a General Election.

At some point, soon, Cameron is going to have to lay those cards on the table or else, in the absence of knowing what his hand is, people are going to vote for labour as Brown has already shown us his cards.

Cameron's drop in the polls is becuase he's used the fact Labour steal his ideas as a reason for being short on content, but he ain't going to win on personality alone and so will have to come up with the goods soon.

Considering how close we are to an election, there is very little commentary at all from the Tories or the LibDems in terms of "the future". We seem to be getting a lot of sniping about the deficit and Brown's failures (which are all valid snipes), but where's the meat and two veg as to why I should vote for Cameron/Clegg/UKIP, whatever?

abaxas

Rochdale_Pioneers wrote: »

The Tories thought Brown was their secret weapon and keep playing the man. And keep seeing his poll ratings increase as Cameron's decrease. Actually its the other way round - Osborne is Labour's best weapon. The more he insists on large cuts to as yet un-named services and jobs, the more that the phalanx of the markets, the IMF, the Bank of England etc round on him and insist he is wrong, the more we will see that Tory lead continue to evaporate.

Ill call your Osborne but raise you...

The current cabinet... including such classics as the Millipeade.