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Austerity Vs Growth
Comments
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The problem is not too much austerity, it's not nearly enough austerity. We're STILL spending at an utterly out-of-control rate. Nulabor are easily outgunning the Tories in the spin stakes by attacking them for too much austerity. The Tories rush to defend it & don't seem to realise that they've allowed Labour etc to con everyone into thinking there are massive cuts going on.
It's a bit like saying to someone "do you still beat your wife"? The correct response isn't to say "no".0 -
Well it's a strange austerity policy that makes tax cuts, prints money and nags the banks to go on a lending spree.The problem is not too much austerity
Fact is, the government doesn't believe in austerity at all. In fact it's got no coherent economic strategy of any kind. It's just using the state of the economy as the excuse for ideological spending cuts, which it hopes to turn into tax cuts for the rich eventually."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 -
If you talk to investors within business circles, they look at the UK at having high taxation. That would mean less profit. If I was going to invest a few million, i'd avoid the UK until such times the rate is lower.
Jaguar do like to invest in England, mainly because of their brand, but most companies will not.
Lord SVS
Where would you suggest?
Where is this low tax utopia.
Low tax is probably there for a reason."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 -
which bit don't you understand about globally savings = debts; ?
I'm trying to understand how you can possibly think that that our generation won't suffer. Millions of Brits, the young and yet to be born will have less spent on the NHS/ Education/ Transport, etc because of the debts run up during these times.
Spending money you don't have means you bring forward tomorrow's consumption to today.0 -
I'm trying to understand how you can possibly think that that our generation won't suffer. Millions of Brits, the young and yet to be born will have less spent on the NHS/ Education/ Transport, etc because of the debts run up during these times.
Spending money you don't have means you bring forward tomorrow's consumption to today.
Clapton is right but there is another part of the equation at the extremes.
Debt = Poverty & Credit = Wealth"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 -
Jaguar do like to invest in England, mainly because of their brand, but most companies will not.
Tata invest to make money. If they could do this more efficiently they would do including manufacturing abroad. No doubt with Inter Company trading across international boundaries they will establish a suitable way to minimise their liabilities. At least we will pick up the NI and employee tax on consumption via VAT.
They also own British Salt, quite why Salt has to be British is beyond me.
The one good thing about their investment is that they appear to be recruiting real "time served" engineers and real apprentices. Something that this country desperately needs to nurture."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 -
The private sector is already trotting out the usual excuses and complaining that the government needs to do more (i.e. spend more) to stimulate growth. It can't do it on its own. It wants government finance, government guarantees, government contracts. But the government has turned off the gravy tap and deprived it of its lifeblood.
I agree with that completely, we do need to start some spending to kick start some growth. What I don't agree with is that spending automatically should mean borrowing. We could use the money we have better.
Take one thing, the billions we are now paying out to these back to work advisers like A4E and all the other copycats. In a time of plenty they are a good PR gimmick, they make the government look like they are doing something about the long term unemployed and help to fudge the unemployment figures. When times are lean though gimmicks are not necessarily cost effective. The amount we are spending on them is producing pitiful results in actually getting people back to long term work. Much better would be to get out of these contracts asap and use those billions to fund tax cuts and business incentives so the money directly helps business to grow and take on new workers.
That's just one thing, there are many ways we could put the money we do have to be use and I don't just mean by cutting all services and benefits in sight. We need to cut smart not on political whims and then we need to use the money smart, currently we are not doing either of those two things.[FONT="]“I've learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.” ~ Maya Angelou[/FONT][FONT="][/FONT]0 -
I can do a balance sheet.There is no overall loss. Savings and debts opposite sides of the same coin.
If we have the savings and the east had the debts would that be morally better; maybe you are longing for the days of Empire again.
I don't understand your comments about defaulting; what do they mean?
I asked you who was going to pay? If not us/our children etc. The other option is we default we do not pay
I am not bothered that the West is in decline. Everything moves in cycles.0 -
grizzly1911 wrote: »Where would you suggest?
Where is this low tax utopia.
Low tax is probably there for a reason.
Canada and the Isle of Man both have low tax rates.
Lord SVS0
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