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UK borrowing £64bn more than forecast, says IFS report
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posh*spice wrote: »just OMG :eek:
This proves that austerity is spiralling the economy downwards, out of control. In time of economic crisis you need to invest for growth, not cut this and cut that. There needs to be more money in the economy for people to spend, otherwise it will get worse and worse.
I would start by increasing the personal allowance to £15k and lowering the 45% income tax threshold to £65K a year or so. Richer pensioners should also pay more, so for the over 65s I would lower the 40% income tax threshold to around £25k a year.0 -
Right there. That is the problem.
Google "What is economic growth?" (I wish GO & Cameron would do the same)
Perhaps you should broaden your reading. There's been a global banking crisis. The consequences of which are more or less predictable. Economic growth isn't one of the immediate outcomes following a crash.
On a domestic level what's your interpretation of the cause of Honda laying off staff in Swindon. What part of Coalition economic policy is wrong? ( For your information the plant has the capability to produce around 150,000 vehilces more a year).0 -
You mean the Greek model of borrow, lie and spend
Or the Tory model of tanking the economy whilst building up massive debts - but hey ho it doesn't matter 'cos "when I get voted out of office I can go and live on my trust fund and use my backbencher salary as pin money for the wife"If you keep doing what you've always done - you will keep getting what you've always got.0 -
You mean the Greek model of borrow, lie and spend
Or the current model borrow and lie."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 -
I guess that most Tories have never had to bring home any bacon (since they were all born with a trust fund) so that's why they just don't get it.
Oh dear another chip on the shoulder leftie to join the fray. All our problems are down to rich Tory toffs and if you take them out of the equation it's eldorado. As someone said to you earlier -- in as many words -- grow up.No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0 -
Or the Tory model of tanking the economy whilst building up massive debts - but hey ho it doesn't matter 'cos "when I get voted out of office I can go and live on my trust fund and use my backbencher salary as pin money for the wife"
If I see one more like that you are on Ignore too. Sad immature individual.No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0 -
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giving money to public sector workers, the benefit brigade and scroungers does NOT create growth. This is where the majority of the money goes.
i would have no problem with genuine capital investment in useful projects ie widening motorways, building new motorways, the HS1 and HS2 lines, putting in fibre optic broadband lines all over the country etc etc. this is what money needs to be spent on.
not benefits for scum and exhorbitant pay and pensions for myriad public sector staff.0 -
GeorgeHowell wrote: »If I see one more like that you are on Ignore too. Sad immature individual.
That will knock some sense into them. "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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