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Do you want to discuss boring politics? (33 Viewers)

  • Thread starter mrtrench
  • Start date Jun 14, 2020
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duffer

Well-Known Member
  • Jul 14, 2023
  • #29,821
shmmeee said:
This seems extremely unlikely, there’s been billions in underspend in the education budget? Really?? And it’s consistent enough to cover running costs like pay?

Click to expand...

File this one under "they're making it up as they're going along".

(Below: Department head returning underspend...)

 

shmmeee

Well-Known Member
  • Jul 14, 2023
  • #29,822
duffer said:
File this one under "they're making it up as they're going along".

(Below: Department head returning underspend...)

Click to expand...

Quite literally. The financial plans for post 2024 are basically a fiction. It should be illegal for an outgoing government to basically give up years from an election TBH.
 
Reactions: Deleted member 9744 and duffer
C

CCFCSteve

Well-Known Member
  • Jul 14, 2023
  • #29,823
shmmeee said:
So glad all this pain is for long term gain though. Good job we’ve got the fiscally responsible party in char…

Click to expand...

Need someone with a real growth plan to save the day….

 
Last edited: Jul 14, 2023
Reactions: Terry Gibson's perm and Sky Blue Pete

skybluetony176

Well-Known Member
  • Jul 14, 2023
  • #29,824
CCFCSteve said:
Need someone with a real growth plan….

View attachment 30651
Click to expand...
 
C

CCFCSteve

Well-Known Member
  • Jul 14, 2023
  • #29,825
Joking apart, I’ve still not seen the reasons as to why there was government borrowing on inflation linked bonds rather than just raising it like normal on the gilt market. Anyone know ? Some of the decisions appear shambolic !

Ps having said that I saw USAs debt servicing cost went up to 650bn last year . The western world has been hooked on cheap money and QE for too long and it feels like it’s payback time
 
Reactions: shmmeee

jimmyhillsfanclub

Well-Known Member
  • Jul 14, 2023
  • #29,826
aye....this neoliberal ponzi scheme won't fund itself.......we gotta feed the machine.....
 

shmmeee

Well-Known Member
  • Jul 14, 2023
  • #29,827
CCFCSteve said:
Need someone with a real growth plan to save the day….

View attachment 30651
Click to expand...

I mean, we joke, but there’s no plan for growth that involves cutting everything to the bone. We’ve had 13 years to “fix the roof” and we appear to have ended up with one of those DIY SOS homes that needs to be levelled.

Really not sure how you get out of this without it getting worse in some way. Either public services go even more to shit and we drive people into homelessness or we pile on more debt in an attempt to grow and provide basic services in the mean time.

Weirdly it’ll be the people who bang on about Gordon Brown selling the gold that won’t remember a lick of this come next election.
 
Reactions: Sky Blue Pete
D

Deleted member 5849

Guest
  • Jul 14, 2023
  • #29,828
shmmeee said:
I mean, we joke, but there’s no plan for growth that involves cutting everything to the bone. We’ve had 13 years to “fix the roof” and we appear to have ended up with one of those DIY SOS homes that needs to be levelled.

Really not sure how you get out of this without it getting worse in some way. Either public services go even more to shit and we drive people into homelessness or we pile on more debt in an attempt to grow and provide basic services in the mean time.

Weirdly it’ll be the people who bang on about Gordon Brown selling the gold that won’t remember a lick of this come next election.
Click to expand...
Tax, spend, return to Keynesian.
 

shmmeee

Well-Known Member
  • Jul 14, 2023
  • #29,829
Deleted member 5849 said:
Tax, spend, return to Keynesian.
Click to expand...

Gonna be politically hard to raise taxes in the middle of a cost of living crisis. We saw what even Corbyns “no one earning under £80k will pay more” turned out.

I’ve said before as a higher rate tax payer I think I should pay more, I’d be happy to see another couple of percent on the top rate. I’m not a millionaire but I like the idea of a wealth tax and a minimum floor on top rate taxes.

Could come up with policy all day, but ultimately it will all be reported as if you’re stealing from pensioners and the working man.
 
D

Deleted member 5849

Guest
  • Jul 14, 2023
  • #29,830
shmmeee said:
Gonna be politically hard to raise taxes in the middle of a cost of living crisis. We saw what even Corbyns “no one earning under £80k will pay more” turned out.
Click to expand...
Oh I know. Somewhere though the conversation needs to begin. It's post Thatcher the concept of paying for things has gone out the window. The old way is people are better off even if they pay now as the serfs end up with cash to waste on things the elite can exploit them for.

And on a basic level, even my Mother in law recognises the NHS is on its knees, but somehow can't make the connection it needs more cash to not be. That's always the way - grew up in a quite respectable village, they were always complaining about a lack of a bus service... but couldn't grasp you can't just have things without a consequence somewhere.
 
Reactions: CCFCSteve and shmmeee

Sky Blue Pete

Well-Known Member
  • Jul 14, 2023
  • #29,831
Deleted member 5849 said:
Oh I know. Somewhere though the conversation needs to begin. It's post Thatcher the concept of paying for things has gone out the window. The old way is people are better off even if they pay now as the serfs end up with cash to waste on things the elite can exploit them for.

And on a basic level, even my Mother in law recognises the NHS is on its knees, but somehow can't make the connection it needs more cash to not be. That's always the way - grew up in a quite respectable village, they were always complaining about a lack of a bus service... but couldn't grasp you can't just have things without a consequence somewhere.
Click to expand...
I’m sure I saw john redwood say it wasn’t about money
 

shmmeee

Well-Known Member
  • Jul 14, 2023
  • #29,832
Sky Blue Pete said:
I’m sure I saw john redwood say it wasn’t about money
Click to expand...

Just down to the massive incompetence of his party then is it?
 
Reactions: Sky Blue Pete

shmmeee

Well-Known Member
  • Jul 14, 2023
  • #29,833
Deleted member 5849 said:
Oh I know. Somewhere though the conversation needs to begin. It's post Thatcher the concept of paying for things has gone out the window. The old way is people are better off even if they pay now as the serfs end up with cash to waste on things the elite can exploit them for.

And on a basic level, even my Mother in law recognises the NHS is on its knees, but somehow can't make the connection it needs more cash to not be. That's always the way - grew up in a quite respectable village, they were always complaining about a lack of a bus service... but couldn't grasp you can't just have things without a consequence somewhere.
Click to expand...

We’ve got a media and political class that is desperate for us to be the US because the right has this weird US obsession since Regan. But at their heart British people aren’t Americans. We care too much about fairness and the NHS and animals and food and the environment to be them. So you have this ridiculous struggle where we claim to want to be low tax small government but can’t move to a U.S. style economy even if we wanted to because there would be a revolt in the Tory shires if we took their approach to regulation.

So we have the worst of both worlds: low productivity/growth and shit services and toothless regulation.

Brexit was a microcosm of this. Are we leaving to become Singapore on sea and get rid of silly EU red tape, or are we leaving because we’re proud Brits who want to do things better and have better public services? Turns out we are neither, we’re a bunch of idiots running around not knowing what we’re doing.
 
Reactions: Sky_Blue_Dreamer, duffer and Sky Blue Pete

Sky Blue Pete

Well-Known Member
  • Jul 14, 2023
  • #29,834
shmmeee said:
We’ve got a media and political class that is desperate for us to be the US because the right has this weird US obsession since Regan. But at their heart British people aren’t Americans. We care too much about fairness and the NHS and animals and food and the environment to be them. So you have this ridiculous struggle where we claim to want to be low tax small government but can’t move to a U.S. style economy even if we wanted to because there would be a revolt in the Tory shires if we took their approach to regulation.

So we have the worst of both worlds: low productivity/growth and shit services and toothless regulation.

Brexit was a microcosm of this. Are we leaving to become Singapore on sea and get rid of silly EU red tape, or are we leaving because we’re proud Brits who want to do things better and have better public services? Turns out we are neither, we’re a bunch of idiots running around not knowing what we’re doing.
Click to expand...
But churchill
Proms
Blah blah
 
C

CCFCSteve

Well-Known Member
  • Jul 14, 2023
  • #29,835
shmmeee said:
We’ve got a media and political class that is desperate for us to be the US because the right has this weird US obsession since Regan. But at their heart British people aren’t Americans. We care too much about fairness and the NHS and animals and food and the environment to be them. So you have this ridiculous struggle where we claim to want to be low tax small government but can’t move to a U.S. style economy even if we wanted to because there would be a revolt in the Tory shires if we took their approach to regulation.

So we have the worst of both worlds: low productivity/growth and shit services and toothless regulation.

Brexit was a microcosm of this. Are we leaving to become Singapore on sea and get rid of silly EU red tape, or are we leaving because we’re proud Brits who want to do things better and have better public services? Turns out we are neither, we’re a bunch of idiots running around not knowing what we’re doing.
Click to expand...

Agree with a lot of that. I still have a confidence in the country as a whole (ever the optimist !), however, nobody appears to have a clear longer term vision for the country, let alone a strategy/plan to get there. With different factions of both major parties also having to be placated and/or watering down ideas/policies

Nobody wants to make the tough decisions and as NW alludes to, the country as a whole doesn’t appear to want to pay more into the pot…having said that after reading the Peston tweet and seeing how much cash is frittered away I can’t really blame people. I think most would pay more if they saw a direct correlation with an improvement in services and infrastructure..not sure we ever see that though

Ps and don’t get me started on the lack of accountability
 

shmmeee

Well-Known Member
  • Jul 14, 2023
  • #29,836
CCFCSteve said:
Agree with a lot of that. I still have a confidence in the country as a whole (ever the optimist !), however, nobody appears to have a clear longer term vision for the country, let alone a strategy/plan to get there. With different factions of both major parties also having to be placated and/or watering down ideas/policies

Nobody wants to make the tough decisions and as NW alludes to, the country as a whole doesn’t appear to want to pay more into the pot…having said that after reading the Peston tweet and seeing how much cash is frittered away I can’t really blame people. I think most would pay more if they saw a direct correlation with an improvement in services and infrastructure…not sure we ever see that though
Click to expand...

People keep saying no one wants to pay into the pot, but there’s been public support for tax rises quite consistently since the GFC. Less so right now obviously.

I’m not going to pretend I want a U.S. Mad Max style economy, I’m very much team functioning society, but pick a damn lane.
 
Reactions: CCFCSteve
D

Deleted member 5849

Guest
  • Jul 14, 2023
  • #29,837
shmmeee said:
People keep saying no one wants to pay into the pot, but there’s been public support for tax rises quite consistently since the GFC. Less so right now obviously.

I’m not going to pretend I want a U.S. Mad Max style economy, I’m very much team functioning society, but pick a damn lane.
Click to expand...
Strangely in the past, tough times were when people were keener to contribute - in it together and all that. It's slightly depressing if that isn't the case anymore as it's one of the things that was great about Britain
 

shmmeee

Well-Known Member
  • Jul 14, 2023
  • #29,838
Deleted member 5849 said:
Strangely in the past, tough times were when people were keener to contribute - in it together and all that. It's slightly depressing if that isn't the case anymore as it's one of the things that was great about Britain
Click to expand...

Is that true? Most studies I’ve seen say people get meaner during hard times.
 
D

Deleted member 5849

Guest
  • Jul 14, 2023
  • #29,839
shmmeee said:
Is that true? Most studies I’ve seen say people get meaner during hard times.
Click to expand...
Labour government post world war two the obvious example!

Ditched the man who won the war for a sweet, sweet welfare state.
 

shmmeee

Well-Known Member
  • Jul 14, 2023
  • #29,840
Deleted member 5849 said:
Labour government post world war two the obvious example!

Ditched the man who won the war for a sweet, sweet welfare state.
Click to expand...

Not really the same was it? That was about removing the class system and the idea of undeserving poor because everyone taught alongside each other. And winning a war is a pretty good feeling!
 

chiefdave

Well-Known Member
  • Jul 15, 2023
  • #29,841
There's no money, we're all in it together etc etc. Lets scrap inheritance tax
It’s a live discussion. Even though most people don’t pay inheritance tax it polls incredibly well. It would be a totemic offer.
Click to expand...
 
Reactions: Deleted member 9744 and Sky Blue Pete

Grendel

Well-Known Member
  • Jul 15, 2023
  • #29,842
chiefdave said:
There's no money, we're all in it together etc etc. Lets scrap inheritance tax
Click to expand...

It surprises me the figure is as low as it’s claimed who fall into the trap
 

chiefdave

Well-Known Member
  • Jul 15, 2023
  • #29,843
Grendel said:
It surprises me the figure is as low as it’s claimed who fall into the trap
Click to expand...
I was surprised by that, given the way house prices have gone up I'd have thought it was more. And if house prices over the long term continue to increase by more than inflation then you'd expect more people to get dragged into it

I can see why it would be popular but surely now is not the time
 
C

CCFCSteve

Well-Known Member
  • Jul 15, 2023
  • #29,844
chiefdave said:
I was surprised by that, given the way house prices have gone up I'd have thought it was more. And if house prices over the long term continue to increase by more than inflation then you'd expect more people to get dragged into it

I can see why it would be popular but surely now is not the time
Click to expand...

I wonder if it’s because a fair few people lose most of the property value when they have to cover their social care ?

I’m not a massive fan of IHT but agree, now is not the time to be cutting the tax take from it. Have it as a longer term goal to raise the starting threshold by all means, however, I still think multi millionaires should be (happily) chucking their slice in the pot…let’s be honest most of them have assets tucked away in trusts so those hit by IHT are usually the ordinary man/woman who have just done alright for themselves
 
Reactions: shmmeee

Grendel

Well-Known Member
  • Jul 15, 2023
  • #29,845
chiefdave said:
I was surprised by that, given the way house prices have gone up I'd have thought it was more. And if house prices over the long term continue to increase by more than inflation then you'd expect more people to get dragged into it

I can see why it would be popular but surely now is not the time
Click to expand...

Ours is very punitive compared to most other western countries - what a surprise
 

shmmeee

Well-Known Member
  • Jul 15, 2023
  • #29,846
IHT is arguably the most important tax for long term social fairness.

There’s no reason it should hit the vast majority of people though. It should be at a level where you can leave enough for a house but not enough to never work again.
 
Reactions: CCFCSteve

shmmeee

Well-Known Member
  • Jul 15, 2023
  • #29,847
Interesting thread on IHT, this bit in particular but the whole thing is worth a read.

 

Grendel

Well-Known Member
  • Jul 15, 2023
  • #29,848
shmmeee said:
Interesting thread on IHT, this bit in particular but the whole thing is worth a read.

Click to expand...

I don’t think some of those rates are correct - well it says maximum I suppose as a rate but it’s pretty misleading
 

SomersetSB

Well-Known Member
  • Jul 15, 2023
  • #29,849
Eco-protester who targeted George Osborne at his wedding revealed
Eco-protester who targeted George Osborne at his wedding revealed
I’m no tory but what a whopper she is….practise what you preach love!!!
 

shmmeee

Well-Known Member
  • Jul 16, 2023
  • #29,850
Grendel said:
I don’t think some of those rates are correct - well it says maximum I suppose as a rate but it’s pretty misleading
Click to expand...

Why is it misleading? You said yourself we have one of the most punitive. We lose out on the very wealthy, as almost always. The idea we need to hit a load of middle class grannies is a nonsense.

It’s the same with almost all taxes, especially wealth taxes. The losses that would be caught be most measures like a floor rate would only hit the wealthiest who are avoiding the most tax. Most comfortable people don’t use these schemes and pay the full whack.
 

shmmeee

Well-Known Member
  • Jul 16, 2023
  • #29,851
It’sabatch87 said:
Eco-protester who targeted George Osborne at his wedding revealed
Eco-protester who targeted George Osborne at his wedding revealed
I’m no tory but what a whopper she is….practise what you preach love!!!
Click to expand...

This is possibly the most ridiculous article I’ve ever read.

She preaches government action. Are you claiming she should overthrow Sunak?

But yeah, I’m sure if you point out enough “hypocrisy” climate change will stop.
 
Reactions: Sky Blue Pete and Ian1779
W

wingy

Well-Known Member
  • Jul 16, 2023
  • #29,852
Another one gone.🫣
 

shmmeee

Well-Known Member
  • Jul 16, 2023
  • #29,853
OK. I’m about one more of these away from going full @Ian1779

 
Reactions: Sky_Blue_Dreamer, Ian1779 and Grendel

clint van damme

Well-Known Member
  • Jul 16, 2023
  • #29,854
shmmeee said:
OK. I’m about one more of these away from going full @Ian1779

Click to expand...

Best not look at today's Observer
 

shmmeee

Well-Known Member
  • Jul 16, 2023
  • #29,855
“Frankly, the left has to start caring a lot more about growth, about creating wealth, attracting inward investment and kickstarting a spirit of enterprise,”

Great Keir. And you’ve got a list of these magical growth policies that require zero spend have you? And decided not to pick up the Nobel Prize in Economics for such a discovery? How modest!

He’s going to actually have to do something at some point. He can’t keep making mom and apple pie statements and never actually commit to a policy.
 
Reactions: Sky_Blue_Dreamer
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