Off Topic The politics thread - Starmer/Reeves/Farage etc.

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RTB said:
Rachel Reeves has used a speech in Downing Street to suggest she would hike taxes in the autumn budget later this month. She did not rule out increasing income tax, VAT or national insurance – something Labour pledged not to do.

Economists estimate the government must find between £20bn and £50bn to meet the chancellor’s target of balancing day-to-day spending with tax receipts by 2029/30, all while keeping a £10bn fiscal buffer. Her self-imposed rules on borrowing and current spending leave limited room for manoeuvre.
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I watched her speech, hoping for something. But got nothing. She said nothing of substance and answered questions with nothing. I genuinely have no idea what she hoped to achieve. I turned the tv off feeling even more certain she and her boss do not understand what is needed. Just really depressing.
 
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FellTop said:
I watched her speech, hoping for something. But got nothing. She said nothing of substance and answered questions with nothing. I genuinely have no idea what she hoped to achieve. I turned the tv off feeling even more certain she and her boss do not understand what is needed. Just really depressing.
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It definitely seemed like a softening up speech to me,
Trouble was she contradicted herself so many times.
We are also trillions in debt<doh>
 
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FellTop said:
I watched her speech, hoping for something. But got nothing. She said nothing of substance and answered questions with nothing. I genuinely have no idea what she hoped to achieve. I turned the tv off feeling even more certain she and her boss do not understand what is needed. Just really depressing.
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There shouldn't have been a speech. It should have been the budget, which is already late.

They might "understand", but they cannot act. Huge tax rises are inevitable. Money has been hosed around ,without condition, all over the place. You can only borrow so much and then the markets will start to look and say "no thanks". The point of the speech was to try and kid the market that we are a good credit risk, and it will have failed badly. Eventually, they decide that there is better debt to buy.

That is the point we are now at and we have been here before, but this time there is nearly four years of a zombie government before anyone can even attempt to try and get some balance and incentive into the economy.
 
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RTB said:
Rachel Reeves has used a speech in Downing Street to suggest she would hike taxes in the autumn budget later this month. She did not rule out increasing income tax, VAT or national insurance – something Labour pledged not to do.

Economists estimate the government must find between £20bn and £50bn to meet the chancellor’s target of balancing day-to-day spending with tax receipts by 2029/30, all while keeping a £10bn fiscal buffer. Her self-imposed rules on borrowing and current spending leave limited room for manoeuvre.
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Good to hear common sense is prevailing. Economists have been saying for months that tax rises are needed.
 
rooch 3 said:
Yawn.
Spoken by a true Labour Luvvy.
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Wait till Nigel and his backers dismantles the nhs then you can yawn. The Labour Party created that as well.

Not one pensioner died last year due to WFA being targeted to those who actually need it. We should get Johnson and Hancock back as they are the experts at killing plenty of pensioners with their incompetence.
 
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Northumberland Rocks said:
Wait till Nigel and his backers dismantles the nhs then you can yawn. The Labour Party created that as well.
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The NHS was recommended in the Beveridge report of 1942 commissioned by the coalition war government consisting of conservative and labour. The conservative health minister Willink took it further in his proposals of 1944 with a free service. Labour implemented these plans, with modfications in 1946 whilst in power.

In those heady political times we had politicians who would work together for the good of the country. It was a period of concensus politics which we should be crying out for now. Instead we have front line politicians who are interested only in blame and reasons why somebody else makes them ****e, and maybe a gig post politics that earns them millions.
 
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Blond Bombshell said:
Good to hear common sense is prevailing. Economists have been saying for months that tax rises are needed.
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They have been saying tax rises were inevitable, which is different . They have also been saying the spending must be cut. Urgently. They have been saying that a lot more.

Raising taxes is the only way now, as they absolutely refuse to make even timid cuts to anything, even bloated QUANGOS performing no vital roles.

The markets have been badly spooked by this last year. Most gild yeilds are higher now than when Truss was PM, and they were only that high then for a few weeks. Reeves has had well over a year, and every single indicator has reversed in that time.

This is not common sense from Reeves I'm afraid, Common sense would be a reduction in spending, some at least. Income Tax rates have not risen since Labour had the UK bailed out by the IMF. It is a terrible thing for the economy, and they will raise them again.

You can't tax your way to growth. No economy in the world has ever achieved that.
 
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My take. People need services because they don't have money to pay for them. Efficiencies yes, austerity no. You can’t austerity your way to growth because people need to be safe, stable and well and it costs anyway if they aren’t. So they have to tax more and be bold about it, If they don’t tax wealth though they tax people who in turn spend less and do less, so tax wealth. If you don’t it’s simply playing politics and hoping for the support of donors and the printed media. If there isn’t significant change you’ve lost that anyway so raid the selfish greedy ****ers.
It’s fair to say that they said they wouldn’t do this but in reality they need to do it. The electorate always elect liars though it seems and Reform are ahead in the polls which amplifies that. Maybe vote for the most honest instead who are probably the Greens and Lib Dems currently.
 
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RTB said:
Rachel Reeves has used a speech in Downing Street to suggest she would hike taxes in the autumn budget later this month. She did not rule out increasing income tax, VAT or national insurance – something Labour pledged not to do.

Economists estimate the government must find between £20bn and £50bn to meet the chancellor’s target of balancing day-to-day spending with tax receipts by 2029/30, all while keeping a £10bn fiscal buffer. Her self-imposed rules on borrowing and current spending leave limited room for manoeuvre.
Click to expand...

The issue for me is not the inevitable tax increases, it's the pledge in the first place that they wouldn't do it.

The economy is knackered, has been for a long long time, we don't have a magic money tree, and there is no quick fix. No doubt the Tories and Reform will have the pitch forks out but they would have needed to increase taxes too.

Badenoch pointing out recently the likely tax rises and breaking of promises on one hand while refusing to rule out reversing any rax rises if they come into power on the other. Even she knows it is needed.
 
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FellTop said:
The NHS was recommended in the Beveridge report of 1942 commissioned by the coalition war government consisting of conservative and labour. The conservative health minister Willink took it further in his proposals of 1944 with a free service. Labour implemented these plans, with modfications in 1946 whilst in power.

In those heady political times we had politicians who would work together for the good of the country. It was a period of concensus politics which we should be crying out for now. Instead we have front line politicians who are interested only in blame and reasons why somebody else makes them ****e, and maybe a gig post politics that earns them millions.
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Yes and we now have 1 politician who wants to dismantle it.
 
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Daz said:
The issue for me is not the inevitable tax increases, it's the pledge in the first place that they wouldn't do it.

The economy is knackered, has been for a long long time and we don't have a magic money tree, there is no quick fix. No doubt the Tories and Reform will have the pitch forks out but they would have needed to increase taxes too.

Badenoch pointing out recently the likely tax rises and breaking of promises on one hand while refusing to rule out reversing any rax rises should they come into power on the other. Even she knows it is needed.
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The tories wrecked the economy and won't get any where near being re-elected. Reform will waffle alot, but their figures won't add up. Labour have another year to turn things around. Hopefully more trade agreements can be reached to help our economy.
 
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It's all a bit of a mess, the manifesto was always going to come back to bite Labour on the arse, they should have just been honest from the start and would have still beat the Tories in the election. Now they are coming across as totally incompetent , Starmer will hang on to Reeves as long as possible as usually when the chancellor goes the PM is not far behind them.
 
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