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This Budget kills recovery at birth - David Blanchflower
Comments
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So ideologically the Tories think that a smaller Government is consistent with a healthier economy. In that case they are doing what they think is best for UK PLC.
I'm sure Communists believe that their ideology was more consistent with a healthier economy too and we all know how that ended up.:oIf you keep doing what you've always done - you will keep getting what you've always got.0 -
Do you think that increasing taxes and regulation on companies is better for the economy of the UK than reducing those? That seems a bit weird to me. Perhaps you could explain how increasing costs for British businesses makes them more competitive rather than less.
Of course I want lower taxes and lower costs for British businesses- where did I say I didn't
If you keep doing what you've always done - you will keep getting what you've always got.0 -
Entertainer wrote: »Only time will tell of course.
Just for the record - I do hope he's wrong. I just fear he isn't:oIf you keep doing what you've always done - you will keep getting what you've always got.0 -
Bullfighter wrote: »Christ. How can people ignore the 800lb gorilla in the room?
Party politics aside, the UK owes a trillion pounds (£1,000,000,000,000). Our annual overspend is £160bn. All of this debt is paid back with interest.
What would you do? Borrow more to create a false boost to the economy? What do you think will happen to Sterling if our debt crosses 100% of GDP?
Have a look at the Debt Free Wannabe's forum. Imagine someone posting who owes a million pounds, and is overspending by £10,000 per month. What is the correct response?
a) Borrow even more, and hope that you can invest the borrowed money in money making schemes to pay off your debt?
b) Reduce your outgoings, sell assets and tighten your belt and try to reach a positive cash flow so that you can service your debt?
Cuts are going to hurt. Our public sector was artificially inflated to keep the good times going.
Why is this so contentious?
Cuts must happen, absolutely my fear is where these cut sare happening, truth is we do not know what will happen the government trys to do the best with what they've got.
However typical Tory policy is to attack the poor so it will be interesting how this all works out.
Tory's also always attack the public sector we are looking at 500000 job cuts in the publis sector which is likely to mean 500000 job cuts in the private sector as there are no contracts out anymore.0 -
I am not so sure. But regardless of whether cuts are right economically or not, I think the way the conservatives and liberal democrats are going about them is wrong. Ring fencing the NHS, in particular, is a foolish move. There is a heck of a lot of waste in the NHS that can be cut out... just renegotiating contracts and freezing pay in the NHS could, I think, save the same kind of money that was saved by removing university funding.
The fact they have ring fenced so many budgets means that where the axe falls, it is bound to be draconian.
you must also facotr in the ageing popualation that is costing more and more money to look after. A pay freeze is already in effect. they have cut the massive 2% a year down to nothing.
the NHS is not ringfenced but the importance of it was realised in the budget. they know that a cut in budget would affect service and that WILL NOT be accepted by the public.0 -
Hemichromis wrote: »you must also facotr in the ageing popualation that is costing more and more money to look after. A pay freeze is already in effect. they have cut the massive 2% a year down to nothing.
the NHS is not ringfenced but the importance of it was realised in the budget. they know that a cut in budget would affect service and that WILL NOT be accepted by the public.
Any savings made by the NHS are being redeployed by the NHS, and are irrelevant to this discussion. They do not in any sence contribute to reducing the deficit.
The NHS is clearly being ringfenced; it is clear that the NHS budget is increasing in real terms.“The ideas of debtor and creditor as to what constitutes a good time never coincide.”
― P.G. Wodehouse, Love Among the Chickens0 -
Bullfighter wrote: »Blanchflower rejected this analysis, saying the business leaders "are not economists."
:rotfl::rotfl::rotfl:
Hardly a damning indictment.
Next he will be describing economics as a science.
Idiot.
An economist says, "well, it's all very well if it works in practice, but what about the theory?"...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
the budget could kill any recovery quite easily so as much as the Labour policy could have caused the economy further issues further down the line....
whoever thinks that is not the case is a bit simple...
apologies for being so blunt
It's a slightly silly thing to say, as so many people don't think it's the case. Not all of whom are a bit "simple"...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
I'm sure Communists believe that their ideology was more consistent with a healthier economy too and we all know how that ended up.:o
I'm not sure they did. "Fairer", they thought, for sure....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0
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