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A Chancellors opening speech!

What do you reckon?

"There will be no more hiding behind obscure forecasting assumptions. We will not leave ourselves open to accusations of accounting tricks, dubious figures, or rigging the rules. I believe not only in sound public finance but in honesty and openness in public finance. It is time to rebuild public trust about the management and use of public money."
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
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Comments

  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    StevieJ wrote: »
    What do you reckon?

    "There will be no more hiding behind obscure forecasting assumptions. We will not leave ourselves open to accusations of accounting tricks, dubious figures, or rigging the rules. I believe not only in sound public finance but in honesty and openness in public finance. It is time to rebuild public trust about the management and use of public money."


    well, 13 years is a very very long time in politics
  • nickj_2
    nickj_2 Posts: 7,052 Forumite
    the govt needs to have independent scrutiny of finances
    and maybe have a say on what can and can't be afforded
  • exil
    exil Posts: 1,194 Forumite
    The government can't delegate political decisions to anyone else. It has to say whether the deficit is to be reduced by spending cuts, tax rises or both.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    BTW as Clapton so astutely picked up on, that was Brownies maiden speech as chancellor in 97 icon7.gif
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT VAT

    & yes it is going to drive up the price of petrol & diesel also....
    Not Again
  • dealsearcher
    dealsearcher Posts: 756 Forumite
    VAT VAT VAT VAT .... etc.
    & yes it is going to drive up the price of petrol & diesel also....

    What was the size of that deficit again?
  • Kohoutek
    Kohoutek Posts: 2,861 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    & yes it is going to drive up the price of petrol & diesel also....

    And we're being cushioned by low oil prices too. In mid 2008, oil was $147/barrel, it's only $70 for the time being. Petrol will be probably £2/litre by mid/late 2011 assuming we don't have another global recession.
  • What was the size of that deficit again?


    £3.65 & rising sharply after the £10k tax band, £1m inheritance & the abolition of the employers NI rise..

    £5.78 by the end of the year....
    Not Again
  • Kohoutek wrote: »
    And we're being cushioned by low oil prices too. In mid 2008, oil was $147/barrel, it's only $70 for the time being. Petrol will be probably £2/litre by mid/late 2011 assuming we don't have another global recession.

    It was £1.25 at the local petrol station last week. £1.21 today.

    Whack another 2.5% on & no one will notice.....
    Not Again
  • purch
    purch Posts: 9,865 Forumite
    In mid 2008, oil was $147/barrel, it's only $70 for the time being

    It'll be below $50 by October :eek:
    'In nature, there are neither rewards nor punishments - there are Consequences.'
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