Off Topic The Politics Thread

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Should the UK remain a part of the EU or leave?

  • Stay in

    Votes: 56 47.9%

  • Get out

    Votes: 61 52.1%
  • Total voters
    117
  • Poll closed .
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According to UK Labour, the man on the left isn't authentically black and the man on the right is authentically a woman.
 
sb_73 said:
£ collapse - done
Housing market ****ed - on it
Inflation fuelled - delivered
Cost of government borrowing higher than for Italy and Greece - oh yeah
Pension funds knackered - nearly there (pesky Bank of England buying up our ****ty gilts to bail them out)

Now what’s next for Kwasi….

- announce that this tax giveaway will be funded by spending cuts…yeah, back to austerity!
- let’s throw some unemployment into the mix, Maggie did and people worship her!

And anything else Kwasi’s old boss Crispin Odey tells him to do. Government by Hedge Fund, bring it on.
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Panic talk … the pound is stabilising! Stop these shock soundbites and let things settle.
Liz is on it.









Oh ****! Panic!!!
 
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kiwiqpr said:
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This has to be the most stupid thing you have posted in a long time but then I forgot you never actually read what you have copied. Mind you with the deafening silence from government supporters I suppose someone has to do something to provoke some debate on here.
 
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YorkshireHoopster said:
This has to be the most stupid thing you have posted in a long time but then I forgot you never actually read what you have copied. Mind you with the deafening silence from government supporters I suppose someone has to do something to provoke some debate on here.
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i always read what i post

In her speech at the Labour party annual conference today, shadow chancellor Rachel Reeves claimed that the Conservative government has failed to reduce the debt and deficit during its 12 years in power.

She said: “Have they even got the debt and deficit down? No … It’s 12 years of failure.”

It’s true that UK public sector debt—the amount of money owed by the government, measured as a percentage of the size of the economy (GDP)— has increased from 62.4% of GDP in the 2009/10 financial year to 95.5% of GDP in the 2021/22 financial year.

However, the change in the deficit— which refers to how much more, each year, the government spends than it brings in through things like taxes— is more complex.

According to the Office for Budget Responsibility (OBR), in 2009/10, before the Conservative-Liberal Democrat coalition government came to power, the deficit stood at 10.1% of GDP.

Over the course of the following decade this figure fell, reaching a low of 2.0% by 2018/19 before increasing to 14.4% in 2020/21 during the Covid-19 pandemic.

The latest full year of data from 2021/22 put the deficit at 6.1% — four percentage points lower than when the Conservatives entered government in 2010.

The OBR forecasted a deficit of around 3.9% for the 2022/23 financial year, in its latest data, though this was before the recent government announcements. It has not yet updated its deficit forecast, but the National Institute of Economic and Social Research forecasts the deficit will reach 8%.

But ultimately, all of these figures suggest the deficit is lower than it was when Labour left office.

That said, the deficit in 2009/10 partly reflected the impact of the financial crisis on public finances. On average, during the 13 years of Labour government, the deficit averaged 2.7% of GDP. In the subsequent 12 years it has averaged 5.7%.

We’ve contacted Labour for comment.

Image courtesy of Chris McAndrew
 
kiwiqpr said:
British Rail trains never broke down.

Zarah Sultana MP
@zarahsultana

My train to Leeds for tonight's Enough is Enough rally has been stopped just outside London for the last 3 hours. I'm sorry not to be there, Leeds!
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Just another reminder that we need to bring rail into public ownership and make it fit for the future!
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well informed these mps
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Rumours that our Prime Minister is coming out of hiding today. The coward surfaces amidst a country in a state of confusion and worried countrymen and countrywomen. We will watch and listen closely.
 
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