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Conservative government
Comments
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heathcote123 wrote: »Nope, I've looked, and post 81 appears to be a lot of waffle.
It doesn't seem to address the fundamental point that spending more money than you have will eventually lead to people stop lending you money. (See for example many of our european allies, downgraded and now paying higher interest rates - they thought like you)
You can dress it up by stating that you don't think we were close to that level, but regardless of how close or not we were, the simple fact is that we will get there if we carry on the same trajectory. Which we will if we continue to spend more money than can be raised via taxes.
It seems hard to fathom just how anyone can not grasp this after the last decade or so of 'investing' in deficit spending.
Of course if we grew the country, bring manufacturing and agriculture back in house rather than spending whatever we make off banking and services overseas. Be less reliant on imports and export more we would be in a position to service/repay the debt.
Unfortunately it is easier to arbitrarily try to cut public spending but the with growing unemployment, continuing immigration and EU prescribed spending plans, legislation and welfare policies this will not happen.
They will still keep spending more until we export more. Every time they try and cut it just pops out as a problem elsewhere and they fund it from another pot and give it another name.
The original budget will be cut but it will just appear on another cost centre."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
No, it's austerity now and Greece later.heathcote123 wrote: »You have a choice. It's Austerity now or Greece later.
There are many different possible approaches to deficit reduction. What we all need to do is buy more for less - reduce waste and extravagance and get better value for money.
This means examining all spending more carefully and taking full account of consequences. For instance, social services cuts that merely result in bed-blocking in hospitals don't save any money. On the other hand, all potential spending that creates jobs needs to take account the saving in benefits and also the more intangible benefits of getting more people into work.
The Tories' approach is totally different, because they neither know nor care what public services are delivered. In their worldview, everything from state education to zimmer frames is just money down the drain, wasted on lower forms of life who deserve nothing.
What is clear is that Plan A is going nowhere. The jobs will fail to appear, and then the ratings agencies - dedicated followers of fashion, as much as anything - will decide that austerity isn't the be-all and end-all anyway."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
Thrugelmir wrote: »Reserves from where?
Reserves are built from profit, shareholders finds or deposits.
None of which will happen if institutions are forced to invest in investments offering a 2% return.
We live in a world of free movement of capital. Us banks have retrenched from Europe. This is why the ECB was forced to step in. Everybody is looking after themselves.
A bank doesn't need to make profit to increase reserves, it just needs to reduce it's lending. As existing debts are paid off they can keep the money in reserve instead of loaning it out again.Faith, hope, charity, these three; but the greatest of these is charity.0 -
grizzly1911 wrote: »Me thinks the Tory party would never get elected again. The have nots far outweigh the haves and would soon rise to the rallying call.
The meek shall inherit and all that.
Ah it's all cyclical - Labour gets elected, ruins the economy by over spending / over taxing, electorate turns back to Tories. Hate Tories so Labour get elected again.0 -
1. Pastry tax
2. Granny tax
3. Heathrow queues
4. Fuel strike
5. Charity tax
1 - Pastry tax is common sense but presented badly and could easily have been fixed with clarification.
2 - granny tax is common sense and gets rid of an unnecessary taxation/allowance to standardise it for all.
3 - Heathrow queues are nothing new and shouldnt really be a political party issue
4 - Fuel strike comments were premature and badly handled but then had the strike gone ahead it wouldn't have been viewed the same way.
5 - charity tax is consultation and not actually a tax yet. Poor presentation making them look bad when it didnt need to be.
The current Govt lacks presentation skills rather than actually having bad ideas. Some of the things they have done or propose are good or look good or even radical in their approach. However, they seem to fall over themselves in finding new ways to make themselves look bad. They keep gifting Ed ways to shoot them down. However, Ed has the accuracy of a Scud Missile and hasn't really made them pay for the errors.Ah it's all cyclical - Labour gets elected, ruins the economy by over spending / over taxing, electorate turns back to Tories. Hate Tories so Labour get elected again.
And that is why some people like Labour so much and hate Tories. Labour give them what we dont have and Tories take it away from them as we cant afford it.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
And that is why some people like Labour so much and hate Tories. Labour give them what we dont have and Tories take it away from them as we cant afford it.
Absolutely, Labour are unable to make politically unpopular decisions, such as curbing union demands, that need to be made, so the Tories do and they're hated for it.
It's the great circle of British politics.0 -
I genuinely laughed out loud at a recent ad featuring a pic of a sobbing baby with tagline "don't vote for cuts to public services (from Unison, but not specifically mentioning Labour). Was it a knowing rip off of the old "Mummy's a Sufragette" poster from Edwardian times? Laughably crude.They are an EYESORES!!!!0
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grizzly1911 wrote: »Of course if we grew the country, bring manufacturing and agriculture back in house rather than spending whatever we make off banking and services overseas. Be less reliant on imports and export more we would be in a position to service/repay the debt.
.
An excellent way of doing this would be to cut benefits & stop giving people the option of not working. It would be a double benefit - Less cost for the country & cheaper workers for companies - the lower their costs the easier it's going to be to compete in areas like manufacturing & agriculture.0 -
heathcote123 wrote: »It seems hard to fathom just how anyone can not grasp this after the last decade or so of 'investing' in deficit spending.
I thought Govt deficit in 2007 was lower as a % of GDP than when when they gained power from the Tories in 1997
'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 Thatcher0 -
heathcote123 wrote: »An excellent way of doing this would be to cut benefits & stop giving people the option of not working. It would be a double benefit - Less cost for the country & cheaper workers for companies - the lower their costs the easier it's going to be to compete in areas like manufacturing & agriculture.
Why is it always stick rather than carrot?"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0
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