Archived

This topic is now archived and is closed to further replies.

WearyRhino

Budget 2014 (Merged threads)

149 posts in this topic

Here's something to keep in mind on Tuesday, when he's telling you how well he's doing: Osborne has borrowed more in 3 years than Labour did in 13: £430.072 billion compared to £429.975 billion

Share this post


Link to post
Share on other sites

Considering the financial crash happened with two years left of the labour parliament and the coalition have been in.power.for four years during the.continuing recession and.start.of recovery id say that stat is misleading

Share this post


Link to post
Share on other sites

Considering the financial crash happened with two years left of the labour parliament and the coalition have been in.power.for four years during the.continuing recession and.start.of recovery id say that stat is misleading

Are you saying the stat is untrue? That Osbourne has not borrowed more than Labour did in less than a quarter of the time?

Share this post


Link to post
Share on other sites

Are you saying the stat is untrue? That Osbourne has not borrowed more than Labour did in less than a quarter of the time?

Im not doubting the validity. Im saying to make the comparison is misleading

Share this post


Link to post
Share on other sites

I am no Tory apologist, but it is hard to see how any government could have failed to borrow less than Labour did, given the state of the public finances. What were they supposed to do? Reduce public sector wages by 50%, same with pensions, and benefits? Yeah, that would have worked.

There's probably a case for saying Osborne has had to borrow more than he should have done, but the original claim is silly.

And Osborne's Office for Budget Responsibility will 'adjust' the figures anyway..

Share this post


Link to post
Share on other sites

Osborne has made continual claims that he is reducing borrowing (not in so few words), he is a liar.

Share this post


Link to post
Share on other sites

Osborne has made continual claims that he is reducing borrowing (not in so few words), he is a liar.

 

I'm not doubting your word that he is, but what are the annual figures for borrowing while he has been Chancellor?

Share this post


Link to post
Share on other sites

Doesn't pay to be anybody but a rich pensioner, it seems.

Share this post


Link to post
Share on other sites

ISA limit increased to £15,000

Bingo tax halved.

Something about annuity drawdown.

1p off beer.

Share this post


Link to post
Share on other sites

Why isn't that nice Mr Balls doing the rebuttal?

 

I've never understood that bit of Parliamentary practice.

Share this post


Link to post
Share on other sites

Why isn't that nice Mr Balls doing the rebuttal?

 

Because it was a party political response.

Share this post


Link to post
Share on other sites

Because it was a party political response.

And doesn't it seem to have much comment on the actual budget...

Share this post


Link to post
Share on other sites

And doesn't it seem to have much comment on the actual budget...

 

I have no problem with that.  It's a technical budget and shouting a response 10 minutes after hearing it is a nonsense.  Far, far better to make the points he did.  That does need to be followed up with proper attacks (if there are any to be made) on the substance.

Share this post


Link to post
Share on other sites

I have no problem with that.  It's a technical budget and shouting a response 10 minutes after hearing it is a nonsense.  Far, far better to make the points he did.  That does need to be followed up with proper attacks (if there are any to be made) on the substance.

True, but the nodding head trick is so... last year

Share this post


Link to post
Share on other sites

True, but the nodding head trick is so... last year

 

I thought it was quite funny.

Share this post


Link to post
Share on other sites

And doesn't it seem to have much comment on the actual budget...

 

Apparently, according to the Twitterarty, Ed Milliband was not given a redacted copy of the budget by Gideon an hour or so in advance as is customary for him to draft a rebuttal based on the budget. 

Share this post


Link to post
Share on other sites

Seems to be a spot of "Don't panic, Mr Mainwaring" in the stock market.  Insurers and bookies finding their shares worth substantially less than they were before Gideon opened his mouth.

Share this post


Link to post
Share on other sites

The cynic in me says that now pensioners will have complete control over their pension pots that the state pension is now fair game for being completely means-tested, much like other benefits when you have a large liquid "asset" to draw against.  Combine that with a change of name from "pension fund" to "tax efficient savings fund for your future".

 

"But sir, you have had the advantages of a tax efficient savings fund for all these years, now it's worth £50,000, surely it's unreasonable for the state to subsidise you while you have such cash available to you?"

Share this post


Link to post
Share on other sites

It seems that most commentators think this was a rather dull, steady as she goes budget so I can't be bothered looking into it much.

 

Recent history suggests that budgets tend to collapse into shambles a few days later when everyone reads the small print so it might get more interesting then.

Share this post


Link to post
Share on other sites

It seems that most commentators think this was a rather dull, steady as she goes budget so I can't be bothered looking into it much.

 

Recent history suggests that budgets tend to collapse into shambles a few days later when everyone reads the small print so it might get more interesting then.

 

I think Osborne had a piece of paper on which was written, "Please don't vote Ukip".

Share this post


Link to post
Share on other sites

I agree with the points but not the direction of travel.  Were I a young person I wouldn't be voting.  Not one policy to actually help 'me' and craven subsidy of old people cos they're are a lot of them.  Nothing will change that so why bother voting?

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 members

    No registered users viewing this page.



League Express - Mon 24th July 2017

Rugby League World - August 2017