Though I have no love for her, the wheels were set in motion long before her appointment. Poland will likely suprass us in terms of GDP by 2030.

Short answer:-

No, Liz Truss did that and we're still paying for it.

No, but her last budget attacking business has slowed down growth and the jobs market.

No change for me , everything tickity boo tbf

Admin. Is it possible to get this Farage shill to post his guff on the politics thread please?

Discuss
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What's the point? You can't have discussion cos you just get proven to be an idiot, disappear and ignore anyone asking you pertinent questions before waiting another few days to post another moronic article that you predictably fail to be able to back up.

Wokies fuming 😳

comment by Peebs (U3245)
posted 4 minutes ago
Wokies fuming 😳
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Not often I see snowflakes at the beach BUT HERE YOU ARE

comment by T-Bag (U11806)
posted 23 minutes ago
Discuss
_____

What's the point? You can't have discussion cos you just get proven to be an idiot, disappear and ignore anyone asking you pertinent questions before waiting another few days to post another moronic article that you predictably fail to be able to back up.
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This is what he does

comment by Boris 'Inky' Gibson (U5901)
posted 11 hours, 7 minutes ago
Short answer:-

No, Liz Truss did that and we're still paying for it.
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Literally nothing has improved since July 2024. Growth unemployment job vacancies cost of borrowing, Govt borrowing, inflation, cost of living. They spoke of black hole when coming to power and while that was a failure to, its size was significantly impacted by the public sector pay awards that were immediately given. There is now another, bigger black hole and while that has been i.pacted by global conditions, to think that the Tory economic mess wasn't impacted by the global covid pandemic and subsequent inflation crisis is pure stupidity. That is why it is a weak excuse, borderline BS that things have not improved since the last budget due to unforeseen circumstances.

To still be citing Tory mismanagement as a key reason is false. The last budget has contributed massively to this situation and to deny that (or fail to mention it) is dishonest from the Chancellor. She was dealt a shiitty hand but she has played it very badly and now we're going to be hit by more taxation...the thing that kills growth, while attempts to cut costs are runaway from by the weak PM.

It’s everyone else’s fault!

Yesterday Rachel from accounts had an astonishing lack of self-awareness in blaming everything and everyone for her mismanagement of the economy.

Her speech was a master class in not accepting responsibility for the consequences of her own actions.

Is the budget going to be another U-turn from these lying feckers?

I was reading that one of her options is to increase income tax and then to help she’ll offset that with a decrease in NIC, how will the offset help the poor pensioners out that Starmer said needing security in retirement?

What was it again ‘Pensioners have nothing to fear from me’!

Reeves was repeatedly saying she’s taking the economy ‘further and faster’ but after upped Employer NIC and the NMW, employment and output slowed.

And now there’s very little mention of ‘further and faster’ for a little while now, I wonder why?

Every government blames the last government. Most voters still fall for it

Labour have been in power for nearly 18 months. They knew the size of the task when they came in, they knew all of the risks associated with making a ridiculous manifesto commitment they are now having to break - but they did it to get in power, knowing full well they were gambling on economic growth to keep their promises

The gamble hasn’t worked, the policies they put in place in the last budget have had a direct impact on the UKs economic growth and now they’ve run out of every option available - so taxes will go up.

Labour picked up a horrendous economic condition but I’ve seen very very little from them to make me feel like they could turn it around.

Appreciate the markets absolutely tanked but I’d have been curious to see how much worse off we’d have been had we kept Kwazinomics.

Suggestions for your next article

‘Was the knife man the real hero on the Peterborough train’?

comment by フレッド - #TWENTYTIMES (U3979)
posted 7 minutes ago
Labour picked up a horrendous economic condition but I’ve seen very very little from them to make me feel like they could turn it around.

Appreciate the markets absolutely tanked but I’d have been curious to see how much worse off we’d have been had we kept Kwazinomics.
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That Truss budget was always going to be a disaster because it was so radical that the markets would never accept it. But the theory of making it easier and cheaper to do business to drive huge investment to effectively offset those tax cuts is a valid one, just not one in the institutional context that we operate in. It was a huge gamble and was rejected and the fall out hit many of us.

But at least its sole purpose was to drive growth. It side stepped the OBR and BoEs controls and was more radical. While it was doomed to fail we do need to do something more radical to start the economy moving again. RR's budget needs to be giving something back, creating incentives for business and investment, not just taking away in the form of taxes.

The tax thresholds have become the new stealth tax of choice.

Frozen in 2021as a response to the pandemic debt, wages have moved on around 22% since and inflation has done something similar.

So if the thresholds were adjusted for these factor then the bottom rate would be about £15.5k and the higher rate about £61k.

That's a hit of additional annual tax of about £1000 for basic rate and about £4000 for higher rate payers.

It's set until 2028 but freezing it another 2 years to 2030 will bring in about £7.5bn a year, reportedly

The notion that the continuation of this policy would not be raising personal taxes is false. I suspect this is an absolute given along with tax rises at least at the standard rate. 1p basic raises about £8bn, and £1.6bn at the higher rate and about £150m @ the top rate. The benefit of taxing higher earners is pretty paltry and would inevitably have a harmful effect at the 'aspirational' level.

As an example, i have at least 2 friends, the wife of which has adjusted (reduced) their hours to make sure they stay under the child care and higher tax rate rather than working more, paying more child care, getting less child benefit and being taxed more too.

*£3000 rate higher payers

The "Pandemic debt" needs to be paid, companies that are afloat today thanks to public support should be willing, with a time limited, phased tax, to repay that support, fairs fair.
Its not gonna cure all our ills but its a start, tbh, I think the country, or at least the majority who are not hysterical extremists, would also accept a short term 1 or 2p tax rise to help sort out our public services after a decade and a half not austerity damage.

Sunak was paying people out of the taxpayers money to sit at home during the Pandemic.

The Tories didn't make a single attempt to claw any of that back in the years after and now a lot of the people who benefited are crying about a modest tax rise.

I'm happy enormous with a few pence tax rise is it helps, others won't be and that is fair enough as well but it is what it is atm and if that helped, crack on

A 1% rise is about £13 a week for someone on an average wage.

It was great listening to (some) people moaning about it in the pub the other week as they were drinking beer at £6.50 a pint.

comment by Boris 'Inky' Gibson (U5901)
posted 32 minutes ago
A 1% rise is about £13 a week for someone on an average wage.

It was great listening to (some) people moaning about it in the pub the other week as they were drinking beer at £6.50 a pint.
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Bang on

comment by Boris 'Inky' Gibson (U5901)
posted 22 minutes ago
A 1% rise is about £13 a week for someone on an average wage.

It was great listening to (some) people moaning about it in the pub the other week as they were drinking beer at £6.50 a pint.
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What a ridiculous argument!

My water bill has gone up in the last year way more than my tax bill will with a 1p rise but thats the point. Everything is going up. People are being squeezed by inflation, by the utilities and now by tax rises.

To take your view to a logical end, anyone on benefits should get enough to feed cloth and house themselves and nothing else, because apparently anything deemed as spending money on yourself such as buying pints with your hard earned cash is optional and people should be prepared to lose it and give it to the Government.

I resent having to pay more tax to a government who point blank refuses to get their spending under control.

FFS, just break the triple lock, reform the benefits system, but they are utter cowards who don't want to attract any sort of austerity label