where are the cuts?

StevieJ

FantomX wrote: »

And the cure is what exactly? More tax and spending? More borrowing?

In order to create the wealth the country needs to bring down the overall tax burden on the private sector! You simply cannot have a private sector that is smaller than a public sector...it doesn't work!

Have a read up of Warren G Harding and how he got the US out of the early 20s depression!

No! they are more to cut down on things like ordering grit for the roads (while the sun is shining) and cost the country a fortune in lost production.

sjaypink

Oi Dev, you (or the BBC) were correct! Is now snowing- and settling! :):)

Err, on topic.... no, the answer is not to not make any cuts but to not makes as harsh cuts in the areas they have chosen (looks like that may be more the case now- how strange :cool:)

lvader

careinthecommunity wrote: »

[tin foli hat theory]
i dont think that the full amount of cuts needed have been announced, i think we are going to be drip fed more that will put us on par with the rest of europe

as for the pound being quite stable and economy growing is becaue we are behind the curve and the people that matter can see a bigger profit currently elsewhere

the cost of the "old" debt is what we should be worried about, but ocean finance may now be dealing with countries and i have missed the advert
[/tin foli hat theory]

The cuts announced already have been well received by the markets and the IMF, that is the important thing. Once the credit rating starts to go it's down hill fast from there.

Not sure what you mean about behind the curve, the growth has been good, no sign of the double dip people predicted.

Old debt isn't an issue right now, yes we have a lot of debt but it's still far less than the likes of Japan and Germany.

FantomX

StevieJ wrote: »

No! they are more to cut down on things like ordering grit for the roads (while the sun is shining) and cost the country a fortune in lost production.

Well that was going on during the Labour years, and even so most councils were ordering cheap grit. Also, most bought the bollox of climate change and thought that Ice and Snow had been abolished alongside Boom and Bust.

So what's your point?

sjaypink

FantomX wrote: »

Well that was going on during the Labour years, and even so most councils were ordering cheap grit. Also, most bought the bollox of climate change and thought that Ice and Snow had been abolished alongside Boom and Bust.

So what's your point?

Surely first obvious cut here then is to sack their advisor on such issues and employ any GSCE geography student for a half day lecture on the gulf stream, etc, etc

FantomX

sjaypink wrote: »

Surely first obvious cut here then is to sack their advisor on such issues and employ any GSCE geography student for a half day lecture on the gulf stream, etc, etc

haha :rotfl:

Niv

Catapa wrote: »

I fully agree with the needs to avoid Greece and Ireland style chaos. However, as I expect that in two years time my family will be £6000 worth off p/a than planned (increase in university tuition fees, no more child benefit, extra 2.5% VAT, higher taxes) I ask myself where we are going to get £6000 form??? On top of this the interest rates on our flexible rate mortgage may go up if inflation doesn't get back under control ...

What are other Money Saving Experts reactions and expectations?

Increase in tuitian fees only affects the student once they have left Uni and are earning. It is still no cost while studying/before starting.

How are you losing child benefit? Is this your child going to Uni (so too old for the benefit) or is it due to how much you/your partner earns? This makes a differance imo.

How much have you calculated the 2.5% VAT increase will affect you in reall £ terms (interested not saying it isnt a real figure)

Higher taxes, well yea we are all gonna have them :-)

Graham_Devon

sjaypink wrote: »

Oi Dev, you (or the BBC) were correct! Is now snowing- and settling! :):)

Me. I was correct

Annoying isn't it. I hope it doesn't settle too mich, I may not be able to get home

Having said that, it's not snowing here at all, just got a light dusting, not that that stopped some roads being shut and schools closing.

FTBFun

FantomX wrote: »

Have a read up of Warren G Harding and how he got the US out of the early 20s depression!

Thank god nothing happened at the end of that decade then eh?

Oh.

bendix

careinthecommunity wrote: »

[

as for the pound being quite stable and economy growing is becaue we are behind the curve and the people that matter can see a bigger profit currently elsewhere

]

I've read this three or four times and I still don't have a clue what you're trying to say.