Budget 2010: EU calls for faster UK deficit cuts

Kohoutek

I'm sure the budget will be an opportunity for Labour set out a credible plan to reduce the UK's deficit, in line with its own Fiscal Responsibility Bill, to reassure international investors and to put the public's expectations concering future levels of taxation and public spending on a realistic footing.

Or Labour could keep playing their games for party political advantage...

chucky

Kohoutek wrote: »

I'm sure the budget will be an opportunity for Labour set out a credible plan to reduce the UK's deficit, in line with its own Fiscal Responsibility Bill, to reassure international investors and to put the public's expectations concering future levels of taxation and public spending on a realistic footing.

Or Labour could keep playing their games for party political advantage...

you make a fair point but the tories would never do that..........

or would they.... do you forget what the tories have been doing for the last 24 months trying to panic everyone just to gain votes...

Osborne faces storm over warning of run on pound

• Shadow Chancellor talking sterling down - Labour
• 'Baffled' Lib Dems join attack

Significantly, however, Osborne did not repeat his prediction in the Times yesterday of a future sterling collapse. His comments came as the Tory leader, David Cameron, failed to issue a supportive statement, an omission seen as significant after Labour aides accused Osborne of 'a desperate last throw of the dice to save his career'.

http://www.guardian.co.uk/politics/2008/nov/16/george-osborne-pound-sterling

Kohoutek

You and the Labour party can call a 12% GDP budget deficit with no concrete plans to reduce it nothing to worry about...I think it's reasonable to raise it as a concern.

Try reading what foreign newspapers are saying about the UK's economy and its deficit...they don't have the moronic rose-tinted view that you are so eager to swallow from the Labour Party. A credible plan needs to be set out immediately, not at Gordon Brown's electoral convenience.

neas

me and my wife are votinhg conservatives either way we not blinded by stupid tricks... we shouldnt be borrowing more and labour have got us into this fine mess.

markharding557

The EU should mind it's own business,it has enough problems of it's own

chucky

Kohoutek wrote: »

You and the Labour party can call a 12% GDP budget deficit with no concrete plans to reduce it nothing to worry about...I think it's reasonable to raise it as a concern.

Try reading what foreign newspapers are saying about the UK's economy and its deficit...they don't have the moronic rose-tinted view that you are so eager to swallow from the Labour Party. A credible plan needs to be set out immediately, not at Gordon Brown's electoral convenience.

that's all really, really nice but you're not now saying that the it's just the Labour that play their games for party political advantage it's the Tories that have been doing it and very badly and you were trying to put an unbalanced view across.

what a great way to back track and post something completely different :eek:

Kohoutek wrote: »

I'm sure the budget will be an opportunity for Labour set out a credible plan to reduce the UK's deficit, in line with its own Fiscal Responsibility Bill, to reassure international investors and to put the public's expectations concering future levels of taxation and public spending on a realistic footing.

Or Labour could keep playing their games for party political advantage...

chucky wrote: »

you make a fair point but the tories would never do that..........

or would they.... do you forget what the tories have been doing for the last 24 months trying to panic everyone just to gain votes...


http://www.guardian.co.uk/politics/2008/nov/16/george-osborne-pound-sterling

how old are you Kokonut? are you at college??

chopperharris

We arent in the euro monentary plan , but we have some sort of euro stability pact to do with our finances , the eu can say whatever they want its all about economy.

As the pound has devalued britian is looking good for inward invesment , and for purchases , ie parts for cars etc.This doesnt go down well with the eu , if its cheaper to buy from here due to this devaluation then of course they "dont like it up em captain mainwaring".

We also need to say to them something about this contribution system next , and after that taking eu countries to task on how they circumvent the eu free market economy , ie govts still owning companies or invested into companies in the eu like post offices , banks , trains etc that they simply forget about but still tell us to privatise and open up ours to free markets.

The eu make the rules , usually in favour of germany and france , then bend them.Perhaps its time that we did the same , or is it that our way is printing money and devaluing the quid to make this amsterdam window of ours called britain better looking than the neighbours.

Butterfly_Brain

We pay the highest premiums to be in the EU it's high time we took the reins and tell them to GET STUFFED!!!!! and give them back their immigrants too .

Masomnia

I agree with them in principle; but I honestly couldn't give two !!!!!! about their rules and deadlines.

Kohoutek

chucky wrote: »

that's all really, really nice but you're not now saying that the it's just the Labour that play their games for party political advantage it's the Tories that have been doing it and very badly and you were trying to put an unbalanced view across.

What have the Tories done that's equivalent to Labour refusing to put cuts in the budget for political gain? Ok, let's spell it out for you.

You posted something from 2008 about Osborne talking down the pound. Osborne is quote as saying something about the fact that the pound will devalue further if the deficit is not addressed - that's just common sense to anyone who understands our present economic position.

Are you naive enough to think what George Osborne says about the pound will cause the value to drop as a result? The financial industries has got its own experts and analysts, what a politician outside government says is of no consequence to them.

On the other hand, if a government refuses to set out a credible plan to reduce an enormous deficit for electoral reasons, relying only an extremely vague outline (the Fiscal Responsibility Bill), then can't you see that's going to be a lot more detrimental the UK than George Osborne making a throw away comment that is just basically common sense. He's making a small point for political gain (I never denied it was), but unlike Labour's insanely irresponsible games, it will have little to no consequences for the UK.