2015 post UK election discussion

[marty mcfly]

When Labour are in power, they increase their wealth. When the Tories are in power, they increase their wealth enormously.

I take your point, but it's no coincidence that they all love Bullingdon Dave and Gideon Taxbreaks. Don't be fooled into thinking there's no difference - that's what they want you to think.

They love them for the same reason we should sort of like them. They're good for the economy. But don't be fooled by the whole rinse the rich argument. They don't pay income tax and most can get around all forms of tax which the Tories have actually done more to clamp down on that than any Labour government.

 

[Fuleco]

When you vote you should have who you voted for tattooed on your fod.

 

[Tubey]

http://budgetresponsibility.org.uk

Deficit falls more than expected in 2014-15

Higher than expected receipts from income tax, onshore corporation tax and VAT helped push the deficit down by £11.1 billion in 2014-15. But this provisional borrowing outturn will remain subject to revision for some months to come.


Calm down Tubey. The country can keep £12billion in POTENTIAL CUTS by ensuring growth continues.

Last year the deficit was cut by £11.8 billion.

What the politicians have got to stop doing is promising spending the country cannot afford.

Deficit and debt are two different things, and neither have anything to do with the cuts to welfare incoming. Especially when even if they eliminated all benefit fraud, the most they'd save is £1.2bn a year - which means almost £11bn of those cuts at the very least are hitting those who actually need it.

Conversely, £4bn+ could be saved by targeting tax evasion from the rich.

The Tories have economically failed with the debt, because they've ideologically targeted the wrong areas.

 

[Woolly Blue]

That's what always happens. The Tories fix the economy and as things begin to improve ....

I think you're giving goverments too much credit. In general, but not always, government policies are pretty much tinkering with an economic cycle which is outside their control. They can make things better, or worse than they might otherwise be, but, as a rule, they don't fix or break an economy.

What governments do is decide how to spend the money which the economy generates and also try to balance out spending by increasing or decreasing debt as a proportion of GDP.

There are exceptions to the above, and when our economy wasn't so tied into everyone elses, it wasn't quite so true, but that's certainly the way it is now.

 

[marty mcfly]

Yep. Best way to deal with that is to punish the kids.

I don't like that and I do understand your argument but when girls are getting pregnant to get a house and an income is that any better for the kids?

 

[orly]

In the immortal words of Nigel Pearson, are you an ostrich?

No, I'm not.

Are you a drama queen? David Cameron doing much the same job he was last week (oh no he was so well kept in check by those feisty Lib Dems) is not going to herald the apocalypse

 

[roydo]

I hate to say it but I'm not too concerned about single mothers. I don't like the idea of paying for other men's children.

I ended up paying for another mans kids when he married my ex ffs.

Ace divorce solicitor I had. Would recommend him to anyone I dont like very much.

 

[bizzaro]

It's not about import/export. It's about the financial markets, banks and institutions. They'll pack up their bags at the slightest hint that London will no longer be the ideal gateway into the Eurozone.

I can tell you that there are hundreds of large companies that will ship manufacturing to Europe if costs are increased due to the UK being outside the EU and therefore subject to trade tarrifs.

This is a fact.

The UK in general wants control on outofcontrol immigration

Lying polticians are confusing this issue with anti EU rhetoric.

The only EU country that hasn't grown massively economically since 1992 is Italy (that is mainly due to corruption).


The UK's finanical well being will be seriously damaged by a withdrawl from the single market. Fact.

 

[Tubey]

I hate to say it but I'm not too concerned about single mothers. I don't like the idea of paying for other men's children.

They get desperate for male company as they hit their late 20s and early 30s though - it's an investment in our future.

 

[marty mcfly]

Markets are short termist. They won't reflect nerves until say about a year out from it. Watch the reaction when the referendum date is announced.

Was it the end of the world having the Scottish referendum?

I think it's scare mongering but sure we'll find out soon enough.

 

[Groucho]

Probably not mate. But I dont think being in the EU stops us selling stuff to anyone. It might have limits on stuff though. So basically, never, ever, rely on me for anything really.

Spurs of the mod team me.

*checks time I am picking mick up*

He'll be the handsome chap waiting on the M5's hard shoulder with the cardboard sign saying "Cheapside Jail/Goodison"......

 

[bizzaro]

Deficit and debt are two different things, and neither have anything to do with the cuts to welfare incoming. Especially when even if they eliminated all benefit fraud, the most they'd save is £1.2bn a year - which means almost £11bn of those cuts at the very least are hitting those who actually need it.

Conversely, £4bn+ could be saved by targeting tax evasion from the rich.

The Tories have economically failed with the debt, because they've ideologically targeted the wrong areas.

You said DEFICIT earlier.

Running a DEFICIT increases DEBT.

Running a SURPLUS reduces DEBT.

Simple as that.


The Collalition couldn't just CUT all borrowing. They have to TAPER OFF the borrowing and deficit.

Doing otherwise would put us into depression never mind a recession.

It says how massive the deficit was in 2010!

 

[marty mcfly]

It's not about import/export. It's about the financial markets, banks and institutions. They'll pack up their bags at the slightest hint that London will no longer be the ideal gateway into the Eurozone.

I think they'll more likely move here since the regulation will be less. Again we'll see.

I think people should vote what they believe. Are you more British or European. Do you want to be run by Brussels or London?

That's the choice and let the rest work itself out.

 

[orly]

Oh god, DamoEconomics in full flow

 

[Tubey]

You said DEFICIT earlier.

Running a DEFICIT increases DEBT.

Running a SURPLUS reduces DEBT.

Simple as that.

Yes and I said I mixed them up.

The Tories have increased the debt exponentially since taking power. Hardly sound economics thus far. And I fail to see how crippling the lower classes for £12bn is going to be the cornerstone of turning that around.