Anyone still like Labour?

[AHPP]

1 hour ago, PeteB said:

 a new line between Oxford and Cambridge

I dub that the Cap and Gown Express. It’s exactly what you’d expect from the party for the working class. 

[AHPP]

2 hours ago, doobin said:

I honestly believe we couldn’t do any worse if MPs were selected as we do for jury service!

Duh. The worst people are self-selecting themselves into it. Coin flips would be better.

Edited November 5 by AHPP

[GarethM]

You forgot wealthy types that enjoyed living here under non dom abandoning the sinking ship for the tax free Dubai.

[Dan Maynard]

The opposite of tax and spend is austerity, that wasn't popular either.

 

Any government is going to enact the most unpopular policies just after a landslide, then broadly more popular moves soon before the election. Just part of the cycle.

[Bunzena]

16 minutes ago, Dan Maynard said:

The opposite of tax and spend is austerity, that wasn't popular either.

 

Any government is going to enact the most unpopular policies just after a landslide, then broadly more popular moves soon before the election. Just part of the cycle.

 

Agree that the Tories version of Austerity wasn't popular.

 

However, there's a real risk that Labour will cause Austerity 2.0.  And that could be worse and have a bigger impact on all of us over the longer term.  Even then the OBR reckon that household disposable income will fall, by the end of the parliament, by the second largest amount since the war.

 

There'll be a 'sugar-rush' of money coming into the public sector - probably too quickly for it to be utilised efficiently.  When the effects of that run-out [OBR is predicting within 2-3 years] - the government will have to come back for more.  Perhaps a lot more.  [Look after your pensions - folks.] 

 

Then there's the debt.  However the government wants to account for the borrowing rules - it's still debt that UK plc has to pay interest on.  After funding the NHS - this is likely to become the largest cost the government has to bear.

 

All this might work and turn the country around - but it might not.  No-one should be in any doubt that Labour are taking one almighty, humongous gamble with our money.

 

Although he's not universally popular - there are days when I wish Martin Lewis was the chancellor.  😉

[Pete Mctree]

I am not a fan - ideology above common sense. The sooner they get booted out the better - not that there is a viable alternative.
The Tory model was seriously flawed and there reckless unfounded spending and wastage is going to hurt whoever is in power. The current UK annual debt interest repayment alone is expected to be 89 billion for the year 24-25. We are fecked and will be a poor country for many, many years, thanks to the overspending of the last 20 years 

[Billhook]

On 05/11/2024 at 18:17, Bunzena said:

 

 

Then there's the debt.  However the government wants to account for the borrowing rules - it's still debt that UK plc has to pay interest on.  After funding the NHS - this is likely to become the largest cost the government has to bear.   

Following the example of all our governments in recent history, I am going out to buy three of the best Stihl chainsaws, a Tesla Cybertruck, a MEWP, a sawmill, a tractor with winch and log carrier trailer, a 360 with harvester and build a workshop and buildings to house all of this and I shall borrow the money, and the money I earn from the wood will pay the interest.  I wonder what my bank manager would say!

At the moment the Uk owes 2.6 trillion, so I cannot see what impact the trifling 20 billion black hole is going to make even if it is paid off.   Just keep borrowing, put it into derivatives (something nobody really understands) and let our grandchildren's grandchildren pay for it, we will all be dead so it will not bother us!

[Billhook]

Should we worry about government debt? | Institute for Fiscal Studies

IFS.ORG.UK

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David Miles joins us to discuss high government debt and its impact on the economy.

 

[spuddog0507]

I still don,t understand how they got in ?? as i have not yet spoke to any one who voted for em ,,we are just on the tip of the iceberg at the moment and one thing for sure is, that the good ship Britainia is starting to sink,,the budget says it all hit them who are working hard as they have money?, if any one watched questiontime last thursday there was some intersting points made on there, one women who asked a question employed 60 people in the UK manufacturing but she all so had some over seas, think she said it was going to cost her 1.6 million now to keep her UK factory going, so her train of thought was to move it all over seas, thats not good,, One guy i have been buying timber of for several years owned a estate of some 3800 acres incorporating 8 farms and several renal properties, i have some timber left on this estate and a few wk back he rang me to say he had sold the estate and was moving to the Isle of Man, i said thats shocked me and he replied has it, yes it has, but at least the estate and money my family have worked for and built up over the last 5 generations will be safe and Mr Starmer wont get his mitts on it and give it to the un washed,, i think this guy has done the right thing by a country mile to safe guard his wealth,and i take my hat of to him,,  

[daveatdave]

we will hate them even more next year when the road tax price doubles, and it would not surprise me if they put a levy on agriculture registered vehicles