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OBR criticises Cameron?
BobQ
Posts: 11,181 Forumite
http://budgetresponsibility.independent.gov.uk/wordpress/docs/Letter-from-Robert-Chote-to-Prime-Minister.pdf
There seems to be a difference of opinion.
The Office for Budget Responsibility was created in 2010 to provide independent and authoritative analysis of the UK’s public finances. Is it significant that Cameron now disagrees with its viewpoint on such a fundamental issue? Or is accused of misrepresenting the OBR?
There seems to be a difference of opinion.
The Office for Budget Responsibility was created in 2010 to provide independent and authoritative analysis of the UK’s public finances. Is it significant that Cameron now disagrees with its viewpoint on such a fundamental issue? Or is accused of misrepresenting the OBR?
Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.
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Comments
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I'd be with the OBR if there actually had been austerity.
There has not been any austerity at all however, government spending is still rising!0 -
To be fair to the OBR they're just following the standard political terminology of party A announcing a rise of, say, 10%. Then party B announces a rise of 5% instead of 10% and calls this a spending cut. It's a cut on prior planned rises, no matter how unrealistic. The terminology is relative rather than absolute.I'd be with the OBR if there actually had been austerity.
There has not been any austerity at all however, government spending is still rising!"The state is the great fiction by which everybody seeks to live at the expense of everybody else." -- Frederic Bastiat, 1848.0 -
The Office for Budget Responsibility was created in 2010 to provide independent and authoritative analysis of the UK’s public finances.
:rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:
(got fed up of pressing the :rotfl:button)0 -
The OBR was set up as nothing more than a scapegoat for the government.
Someone for George Osbourne to put the blame on when the economy didn't/won't perform.0 -
shortchanged wrote: »The OBR was set up as nothing more than a scapegoat for the government.
Someone for George Osbourne to put the blame on when the economy didn't/won't perform.
The quote was direct from the OBR website. If your definition is more accurate its even stranger that it is now criticising the PM's statements about what it said.Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.0 -
I'd be with the OBR if there actually had been austerity.
There has not been any austerity at all however, government spending is still rising!
Austerity is as much a state of mind as anything. In fact there has been austerity, in most households across the UK. As soon as the Tories announced their plans they shattered any fledgling confidence post recession (ably aided by a rise in VAT) and this led to a severe reduction in spending/consumption. This consumer driven austerity has led to the economy flat-lining and the end result that government spending continues to rise.
Or as Stiglitz puts it far more eloquently than me:Regrettably, the financial markets and right-wing economists have gotten the problem exactly backwards: they believe that austerity produces confidence, and that confidence will produce growth. But austerity undermines growth, worsening the government’s fiscal position, or at least yielding less improvement than austerity’s advocates promise. On both counts, confidence is undermined, and a downward spiral is set in motion.I don't want to achieve immortality through my work, I want to achieve it through not dying0 -
Austerity is as much a state of mind as anything. In fact there has been austerity, in most households across the UK. As soon as the Tories announced their plans they shattered any fledgling confidence post recession (ably aided by a rise in VAT) and this led to a severe reduction in spending/consumption. This consumer driven austerity has led to the economy flat-lining and the end result that government spending continues to rise.
Or as Stiglitz puts it far more eloquently than me:
Post of the week.:T“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
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The quote was direct from the OBR website. If your definition is more accurate its even stranger that it is now criticising the PM's statements about what it said.
I'm with shortie on this one and you are right it does seem odd that they would overtly criticise the PM unless there is an ulterior motive:think:"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 -
Thrugelmir wrote: »When did the "recession" end........
Didn't realise that I was only dreaming and the magic money tree is in full flow again.
The recession ended when we had positive qtr after previously suffering two consecutive periods of negative growth, that would be 2009, but you knew that didn't you?'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
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