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Exactly, the welfare state does need reforming but if your policies have caused businesses to rethink hiring new staff, it’s laughably incompetent. Ironically, it was Reform proposed increasing employer’s NI for foreign workers and this was rightly derided as a bonkers and an economically...

‘As such’ is the key admission here because you know full well that the government needs debt issuance and tax receipts to credit the mechanism it uses to create money i.e. the Consolidation Fund. In theory, it could just create debt out of nowhere and make no attempt to balance it out. In...

Productivity in this country is a huge problem, for both the private and public sector. The public sector, as a whole, is getting more money but delivering less. In the long term, this means taxes and spending will grow exponentially until something gives and it won’t be pretty. If you find...

True, although the only one that was sacked was Kwarteng and Javid resigned. The rest changed hands with the PM, who were the hunted species over the last 14 years. The groundwork has been laid for the government to raise ‘working people’s’ tax (NI, income tax or VAT).

Reality has a nasty habit of disappointing left wing voters. We got taxes on ‘non working people’, more public spending on public services and within 6 months, the government has had to do an about turn. They should’ve done what the last successful Labour government did. Follow the Tory...

Whoa. It’s not a budget at all… 😂

You very clearly do not understand how the private sector works.

Do you think Ukraine can win this war? To give a definition here: victory by ejecting the Russian army from the occupied regions (excluding Crimea).

Which assumes that £3bn would move the dial in swinging the war effort Ukraine’s way. It won’t unfortunately.

The fundamental difference is, it’s not taxpayer money… I don’t care how ‘x, y or z’ businesses spend their money, if they’re unsuccessful, they’ll go bust. The public sector won’t and it’s money we all pay into. The private sector is bearing the brunt of the tax burden and its public sector...

Direct from Gov.uk, make of it what you will. https://www.gov.uk/government/news/mass-cancellation-of-government-credit-cards-in-crackdown-on-wasteful-spend#:~:text=While%20some%20credit%20cards%20are,central%20departments%20and%20core%20agencies. A breakdown from the Telegraph...

Nope, the department for HMRC headcount has dropped by 2% and the DBT (business and international trade) has dropped by 25%. The foreign office has grown by 10% and home office 51%. Meanwhile, the Scottish government has grown by 42%, office for gas and electricity has grown by 163% and office...

So many sweeping statements here. The civil service has grown by 21%, the % of front line civil servants down to 54%, whilst salaries have increased by 27%. Non-departmental government agencies (i.e. quangos) have increased their headcount by 423% since 2019. Oh, and the amount of gadgets...

A simple yes or no answer would suffice…

Is it not? Why has chancellor called a Spring Statement that’s a budget in all but name within months of her autumn budget? Borrowing is on track to exceed £24bn, the gilts have increased (increasing costs to service public debt) and growth forecast have been halved before the headline...

Exactly, unfunded tax cuts costing £45bn caused a market reaction that brought down a PM. The lesson here is that if a government wanted to increase spending, on public services for example, it has to be ‘funded’ otherwise the markets will react severely. The gilts are already higher than at...

A bit of context behind Reece’s Spring Statement and why Labour are penny pinching.

Would that cause road closures to build them? 1 or occasionally 2 days week to close the roads for 1-2 hours for Aug-May doesn’t seem like a big sacrifice imo.

Liz Truss tried the kind of shock therapy you’re in favour of and she was outlasted by lettuce. I don’t think Starmer or Reeves wish to go the same way. Unfunded tax cuts of £45bn set in motion the events that ousted a PM. That’s the state of our public finances. The gilt yields are higher now...

Another routine win going through the motions!