You don't need to be an 'investor' to invest in Singletrack: 6 days left: 95% of target - Find out more
What a ****ing sham!
Talk about making promises you can't keep and spending other peoples money.
Yet it is broadly what Labour said they would do.
Money won't magic up the resources needed to deliver in the promises, staff, resources and training all rake time.
And nothing about secure social housing, the biggest ongoing crisis facing society
Don't get me started on why they screwed everything up for the last 10 years just to do this now 😡
They’ve nicked the 2017 Labour manifesto
I hope they’re paying them royalties
Obviously the 2019 Labour manifesto was too ludicrous for anyone to consider making off with
Its just piss and wind.
All will get shelved post coronavirus and brexit.
Austerity 2.0 spring 2021.
Don’t vote labour they’ll borrow more money and bankrupt the country.
Conservatives “Hold my pint!”
Capital B please.
I’ve just sorted my Mortgage out. That 0.5% is £40 a month to me. I’m going after it!
Any Chancellor that does not get rid of business rate is foolish ...
Total fiscal incontinence. I voted libdem in 2019 and the main reason (apart from the obvious) was Labour and the Torys were both blatantly going to piss money up the wall and we'd all be back where we started in 2008. Lib Dems spending plans were pretty reasonable. I was right.
The only way the Govt will get away with this profligacy is if there's no recession coming and interest rates stay low. Except 10 years on from the last one we're due a recession any day now.
We have the hilarious prospect of Rebecca Long-Bailey winning the Labour leadership and then having to go into the next election on a ticket of tightening our belts to sort out Tory overspending! 😀
Having said all that Ken Clark was on PM saying that fiscal stimulus was quite a sensible response to the pandemic... Hope he's right.
Any Chancellor that does not get rid of business rate is foolish …
It's an unavoidable tax. End of.
£27 Billion on road building
£0 on Bike lanes
Literally nothing mentioned about cycling infrastructure, even in the token £1bn on 'green transport solutions' which will just be grants for rich people to put towards their £50k EV
£27 Billion on road building
£0 on Bike lanes
I like riding my bike on roads
Am I the only one who thinks he looks like a Romulan? On that alone I don't trust him as they're a bunch of shady characters and remember the 47th & 48th Rules of Acquisition. Secondly he's a "boil in the bag" MP.
I may not be the best person to judge what makes a politician good or not.😂
It’s an unavoidable tax. End of.
No such thing as unavoidable man made greedy parasitic enslaving tax.
That tax will be gone one day when they get their sense right.
The govt should find other ways to be parasitic.
Am I the only one who thinks he looks like a Romulan?
He looks tiny by comparison to the blokes standing next to him.
Budget 2020: Business rates suspended for shops and cafes (Source: BBC)
I hope the business rate suspension can be made permanent for this sector and will be very popular. This is heading in the right direction and will certainly win votes.
“What do we want?”
“The end of austerity!!”
“When do we want it?!”
“Now!!”
Tories announce huge spending plan to try to help with international health crisis.
“Booooooooooooooooo!”
You can argue about where it’s being spent or why, but just pissing and moaning because they’re spending at a time of a potential national crisis to try to mitigate it as best we can is pure tribalism.
Don’t vote labour they’ll borrow more money and bankrupt the country.
Conservatives “Hold my pint!”
Just spat tea on my phone 😄🤣
The country is flat-lining. They absolutely know it and they've moved away (temporarily) from a market driven economy to pump money in.
It is the only way now.
Personally it didn't go far enough and (probably won't stay the course.)
I had to laugh when he said we were starting from a good base - nigh on zero growth.
This is what austerity does, it messes things up for the many. It doesn't work, it can't work.
Governments have no real need to balance books which is why they very rarely achieve that goal.
They have now moved on from the 'how are we going to pay for it' rubbish to getting to grips with Keynes.
It's a shame it's taken Brexit and the virus to make this call.
I do hope the same critics of Labour's manifesto give the Tories the same hard time... Those critics will actually be completely misguided though.
Am I the only one who thinks he looks like a Romulan? On that alone I don’t trust him as they’re a bunch of shady characters and remember the 47th & 48th Rules of Acquisition.
Did you mean Ferengi?
https://www.taxresearch.org.uk/Blog/2019/11/13/the-tories-have-borrowed-67-5-of-uk-national-debt-since-1946/. & the gammon blame Labour for the 2008 global financial crisis 🤣. Gammon are a weird bunch 😐
Its all pie in the sky.. it will not make a shite of a difference.
This is all part of the long con.
In 50 years historians will review this in the same way that they look at the "long war" of 1914 to 1970 odd.
We are witnessing thr biggest single shift in economic power that has ever been.
It's in plain sight and it's happening.
Well on a purely selfish point I’m looking forward to a much simpler tax return now that I’ll be out of the ridiculous pension relief taper nonsense. Although it would have been far more sensible to get rid of it altogether.
oldmanmtb2
We are witnessing thr biggest single shift in economic power that has ever been.
You are talking about West to East I assume? Not contradicting, im interested and I agree.
Did you mean Ferengi?
Nah, he hasn’t got the lobes to be a Ferengi but I could see him sporting one of those weird TNG Romulan suits just before he shoots Boris in the back.
“well, it’s the safest way, isn’t it?”
Without any pesky controls like the gold standard, anything, yes anything, is possible...
I do think it's a bit rich from some of you complaining now they're finally doing what you wanted and the country needs, infrastructure investment. Borrowing to fund day to day services is not sustainable. However I'll believe it when I see it, it'll probably never actually happen and if it does will take so long to be built the disruption will outweigh the gain and it'll all be obsolete.
Haven't seen many of the other things get done that Boris promised. I think Corona virus will be blamed for a lot of not getting things done.
Is this going to be our "New Deal"?
Deploying large infrastructure projects in isolation will not work just look at the USSR, Roosevelts new deal didnt save the USA WW2 did that.
This is a "build it and they may come" gamble on a monumental scale, this is not reengineering the UK economy- this will provide at best short term reasonably well paid jobs - then the next cliff gets bigger.
Its like remortgaging your house to build a big extension and paying your family to build it....
Building shiney shit (HS2) is not the answer in isolation. There remains within the Tories a complete inabilty to think beyond this, they are completely incapable of identifying where this country's wealth will be generated for the next 100 years.
A large percentage of what we borrow will transfer to private shareholders and the far east - it boils my piss as a so called world leading economy that all we can think to do is borrow money to build monuments to Boris and fret over fishing rights (which we mainly sold)
We are building a house of straw and anyone who cheered Rishis budget is a ****ing idiot.
The UK creates its own money supply through its central bank - the BoE - and therefore cannot 'bankrupt' itself. The government can spend what it wants so long as there is demand in the economy - as the Tories are demonstrating. It's really that simple. People who bought into the idea that 'we've maxed out our credit card' are just totally had. Debt is the 'yang' to the 'ying' of money creation and you need one to have the other. How that capital is used is a political choice - note the absurdity of when a left-wing party proposes to spend it on social causes, it is dismissed as 'impossible' and then the proles elect a right-wing party who does the exact same thing they/the press claimed was impossible/reckless/going to 'bankrupt' the economy.
Agree Fatmountain but debt must be serviced via tax receipts or more debt.
There were a couple of economic pundits on the radio yesterday (professor of economics at the LSE level of pundits). The presenter asked the first about the budget. After he'd laid into it I thought "here we go ...". The second pundit started with " I thought I was going to be more critical than you on this budget".
What always needs to be looked for in these announcements is whether the plans are genuinely "new" money. More often than not the headline figure includes money already allocated but not yet spent. This criticism includes Labour administrations BTW.
How about the 350m a week? Is that happening?
So... we've got a new government, elected on a wave of right-wing nationalist populism, which then instigates an economic programme that's quite left wing, almost socialist
I await Boris invading Poland 😂
Poland's too far away. What about Ireland?
How about the 350m a week? Is that happening?
Gammons will long since have forgotten that load of rubbish. Anwyway, Brexit was all about "taking back control" - not improving the NHS - by the time Adolf Johnson won the election.
I hope the business rate suspension can be made permanent for this sector and will be very popular. This is heading in the right direction and will certainly win votes.
It's pretty much the only tax that Amazon and Starbucks are actually forced to pay. And even then Amazon are essentially gaming the economy by making more money from cheap locations.
https://www.politico.eu/article/uk-goes-on-a-spending-spree
"Now for the important bit: The Resolution Foundation has just released its analysis of the OBR report on the U.K. economy, and it’s every bit as bleak as you’d expect. “The Office for Budget Responsibility delivered an economic outlook that was both incredibly grim and far too optimistic,” the think tank concludes, “with even its pre-coronavirus markdown of the U.K.’s GDP outlook over the past year equivalent to a £575 annual economic hit to every household in Britain.” Ouch.
And it gets worse: Once you take those figures and downgrade them further due to coronavirus — using the OECD’s latest predictions as a benchmark — the think tank says you get “the U.K.’s annual growth outlook down to an average of just 1.2 percent — the worst average annual growth forecast on record (with data going back to 1985).”" - Politico London Playbook
Nice bit of consistency and even handedness from the daily hate
Unbelievable really. Just goes to show how most people are just drip fed propaganda and then regurgitate it all over the internet/pub.