Current Affairs The Labour Party

[tsubaki]

TBF the debate between more taxes or more cuts to public services is, and has always been, false.

As Bruce says we tax more than we’ve ever taxed in peace time, and in the article Dave cut and pasted the PCS are right to point out that fourteen years of austerity, which did feature significant cuts to the public sector, did nothing positive.

The waste that still exists in public finances is not to generally be found in the parts of the public sector that actually delivers things; these as said above were cut severely from 2008/9 onwards and are already unsafe. It is however to be found in things that were set up knowingly to drain money from the government - I’ve mentioned them often enough but PFI, paying HB to landlords rather than building and operating social housing, many procurement deals (especially of “expert advice”, ie: consultants) and some of the nationalisations are all things that could be *and were* done better and cheaper by the state.

Labour are rolling back some of these but it needs to be more and done more quickly. The world situation can be used to justify a lot of what needs doing and should be.

 

[Bruce Wayne]

I think you've lost your way here. That response make's zero sense.

Go back and read the thread from post 31,371 and see if you can recognise the error(s) you've made.

Let me give you a clue: it's where I say what she should have raised borrowing and where it should've been invested...all £28billion of it.

Your answer was they should have borrowed money before they were even in government. Genius.

 

[davek]

Your answer was they should have borrowed money before they were even in government. Genius.

Ha Ha Ha.

FFS, you call me illiterate.

Try again you fool.

 

[Bruce Wayne]

UK borrowing costs have hit their highest level since the banking crisis. An economist explains what’s happening

How much trouble is the government in?

theconversation.com

For those who aren't Dave, here is an Oxford economist to explain things. What's worrying me is that pretty much every western government is spending "way" more than they raise, and despite living beyond our means, populism is still on the rise.

 

[davek]

Gas reserves apparently down to a week's worth.

FFS they cant even keep the country warm.

 

[peteblue]

It’s quite noticeable that we haven’t heard about fixing the foundations, growth, stability, no tax rises for working people and all the other made up nonsense for a week or so. Starmer and Reeves from accounts are no longer believed and have lost whatever perceived credibility they had with Business (large and small) and the Markets, OAP’s, Waspi women, private sector workers, etc etc. So in order to try and save her own skin she will no doubt try to cut a deal with China by giving something away in order to get a loan… apart from her mates in the public sector the rest of us will be screwed with many losing their jobs. Welcome to her brave new world….

 

[peteblue]

Gas reserves apparently down to a week's worth.

FFS they cant even keep the country warm.

Don’t worry, the OAP’s can’t afford to switch the heating on anyway thanks to the killing of the WFA…….

 

[Rita_Poon]

 

[peteblue]

UK borrowing costs have hit their highest level since the banking crisis. An economist explains what’s happening

How much trouble is the government in?

theconversation.com

For those who aren't Dave, here is an Oxford economist to explain things. What's worrying me is that pretty much every western government is spending "way" more than they raise, and despite living beyond our means, populism is still on the rise.

Is this a real economist or just another pretend one with an exaggerated CV…..

 

[peteblue]

UK borrowing costs have hit their highest level since the banking crisis. An economist explains what’s happening

How much trouble is the government in?

theconversation.com

For those who aren't Dave, here is an Oxford economist to explain things. What's worrying me is that pretty much every western government is spending "way" more than they raise, and despite living beyond our means, populism is still on the rise.

“Yields on gilts, as UK government bonds are called, have been rising – and these yields are effectively the level of interest that the government pays on its borrowing.

The yield on ten-year debt hit 4.82%, the highest since 2008. And the yield on 30-year gilts rose to 5.383% on January 8, which is the highest for 27 years.”.

The same yields for basket case countries like Greece are between 3.4 and 3.9 for the same periods……

 

[Rita_Poon]

Who'd have thought lenders seeing the borrower make good on their plan to cut borrowing back would up rates to cover the shortfall of business (debt) as usual.

"So long as the wealthy keep the money and the poverty stricken get poorer, then honey, I'm alright Jack".

Filth dirt tory scum slime. I won't mourn you.

 

[Kurt.]

Closing time
You don’t have to go home ..

 

[Daveysgingerlovechild]

Gas reserves apparently down to a week's worth.

FFS they cant even keep the country warm.

Ohhhhhh you.

 

[Daveysgingerlovechild]

Is this a real economist or just another pretend one with an exaggerated CV…..

Define real economist for us Pete.

 

[Daveysgingerlovechild]

Gas reserves apparently down to a week's worth.

FFS they cant even keep the country warm.

It's actually electricity generation that's the killer here. Low winds, significant reliance on renewable etc.

It should also be noted the nation's gas storage capacity is 12 days of storage. So it's hardly like we've run it to thevwire from full capacity.

No, much as you like to blame everything on the Starmer Gang this particular crunch point stems from years of failure across success governments to invest in adequate infrastructure and implement a suitable and timely strategy.

For example, the Rough gas storage facility was mothballed adequate re-opened in a panic when it kicked off in Ukraine. https://www.theguardian.com/busines...t-gas-storage-site-brought-back-online-winter