Osbourne warns of "Dangerous cocktail" of economic risks

kabayiri

Mistermeaner wrote: »

...
The same people that are criticising the missed targets are the exact same people who criticise every spending cut.

Not for me. No love for labour here.

But if a politician sets targets they should meet them. We all get measured against targets in business. It's not my fault that Georgey O is too profligate in spending.

HAMISH_MCTAVISH

Osbourne is only doing what all highly political Chancellors do.

Cover their bases politically in case something unlikely happens.

And start heading off calls for any further easing of austerity as he spends the next 4 years radically shrinking the size of the State.

If people get too comfortable with the reality that we're well out of the last crisis and back in a good stable growth phase, they'll seriously start to question the severe cuts yet to come, and that may allow Labour to build up popularity during this Parliament.

Graham_Devon

Mistermeaner wrote: »

And the part of my post you didn't quote?

To flippant a comment and too long an answer. The polls show that the majority know cuts are needed. The polls also show that people think priorities are wrong (in terms of what they are cutting, for example social care, police etc).

We need to remember these cuts come at a time that large scale spending is going on to keep other asset classes afloat. We needn't even mention HS2 for the rich folk.

Graham_Devon

HAMISH_MCTAVISH wrote: »

Osbourne is only doing what all highly political Chancellors do.

Cover their bases politically in case something unlikely happens.

And start heading off calls for any further easing of austerity as he spends the next 4 years radically shrinking the size of the State.

If people get too comfortable with the reality that we're well out of the last crisis and back in a good stable growth phase, they'll seriously start to question the severe cuts yet to come, and that may allow Labour to build up popularity during this Parliament.

So the issues he talks about are "unlikely" and just a smokescreen to avoid people thinking were actually doing OK under a tory government?

Righty-o old chap.

HAMISH_MCTAVISH

Graham_Devon wrote: »

So the issues he talks about are "unlikely" and just a smokescreen to avoid people thinking were actually doing OK under a tory government?.

Exactly.

Here's the same message from the BBC if you don't believe me.

Mr Osborne is using language designed to shake up the British electorate. It's deliberately done like that because he fears we are suffering from 'austerity fatigue'.

"His fear is that people are thinking 'things are pretty much ticking along OK, let's just take our foot off the gas and get back to the good old days'. "The political intent is pretty clear. One is we are going to have to carry on with very difficult spending curbs."

the warning about complacency can be seen as a clear attempt to re-emphasise the difference the economic approach of the chancellor and that of Labour - and to highlight what he says are the dangers of Jeremy Corbyn's anti-austerity message.

http://www.bbc.co.uk/news/business-35251692

This is so obviously political smoke and mirrors I'd be shocked if anyone else had failed to see through it.

For you I'll make an exception though...:D

Thrugelmir

Tromking wrote: »

Gonna miss his public sector borrowing target by £10 billion they reckon. Osborne is over rated.

Is that the OBR forecast ?

No one else appears to want the poisoned chalice. Too busy reading Alice in Wonderland.

vlad

Moto2 wrote: »

Surely the slowing global economy can be attributed to Gordon Brown?

Along with the first world war?