What is that "mate" of mine Sadiq Khan trying to achieve ?

 

You lost you demented little cretin, get over it and concentrate on your job you terrorist sympathiser.

Edited March 6, 20215 yr by Casino

So far pretty sensible. I wonder if those backbenchers cheering the disastrous mini budget a few weeks ago will reverse ferret and cheer a completely different one today 😉

Some good, some bad there 

The devil, as always, will be in the detail.

A budget speech rarely paints the full picture.

Just now, Spider said:

Some good, some bad there 

The devil, as always, will be in the detail.

A budget speech rarely paints the full picture.

Very true, it's always the detail that comes out later that matters.

My state pension for 2023-24 will exceed my Personal Allowance (this despite having been opted out for many years, without which my SP would be a lot higher).

The SP will still be less than a quarter of my total pension/annuity income.

Labours response was piss poor, which suggests to me that they don’t think it’s all that bad.

A Labour budget….

3 hours ago, Whitesince63 said:

We had this discussion before the vote and your annoyingly negative rhetoric about how disastrous a No Deal would be. A No Deal would also be disastrous for EU businesses and do you seriously believe that there wouldn’t be a trade deal reached to offset that. You talk utter bollocks because all you ever see is the downside. The EU is a busted flush and something we’re far better out of longer term.

So instead of answering a question you just accuse folk of talking utter bollocks. Nice work there. 

Again, are there any economists that thought a no deal Brexit would benefit our economy? If not then we're just expected to take your word that it would be better 'because the EU is shite'. 

1 minute ago, London Wanderer said:

So instead of answering a question you just accuse folk of talking utter bollocks. Nice work there. 

Again, are there any economists that thought a no deal Brexit would benefit our economy? If not then we're just expected to take your word that it would be better 'because the EU is shite'. 

You'd be better off just buying a union jack and talking to that.

Even though it wouldn't talk back, it would still make more sense.

5 hours ago, Whitesince63 said:

As a committed Brexiteer London, I’m absolutely certain we’re worse off and I don’t need newspaper articles to tell me but it’s not “because” of Brexit, it’s because we’ve never really had a true Brexit. Nothing apart from actually leaving has been done and Remain believers have every right to ask what was it worth? Until we break completely free of the EU, including returning NI fully to the U.K. control, leave all the institutions associated with the EU and deliver what was promised, it will remain pointless and a true piece of self harm. You can’t be half in or half out. All true Brexiteers wanted a full withdrawal including No Deal so we knew exactly where we stood. Yes it would be painful at the start but could it be worse that what we have now with this ridiculous Hokey Cokey set up? I don’t think so.

I know we've discussed this to death elsewhere mate and I'm aware that you put Brexit's failure down to "the deal we ended up with" but it was made clear before the referendum by the experts that the deal Vote Leave sold to the gullible was never achievable in the first place. It's almost as if Leave voters fully expected the EU not to have terms of their own....and as for replacing the excellent trade deals we had whilst in the EU with new trade deals - well you know what happened there.

Vote Leave was largely sold on the cost of being a member of the EU financially and politically and Remain failed to point out that it was a fraction of the cost of leaving.

Now there's a disconnect between the Leave mantra of "It's Nothing To Do With Brexit" and public opinion.

Whilst some folk have difficulty in accepting they personally made a mistake at the time, more and more people now think Brexit was a mistake - so if our current problems are NTDWB why is this?

 

3 minutes ago, Wanderlust said:

I know we've discussed this to death elsewhere mate and I'm aware that you put Brexit's failure down to "the deal we ended up with" but it was made clear before the referendum by the experts that the deal Vote Leave sold to the gullible was never achievable in the first place. It's almost as if Leave voters fully expected the EU not to have terms of their own....and as for replacing the excellent trade deals we had whilst in the EU with new trade deals - well you know what happened there.

Vote Leave was largely sold on the cost of being a member of the EU financially and politically and Remain failed to point out that it was a fraction of the cost of leaving.

Now there's a disconnect between the Leave mantra of "It's Nothing To Do With Brexit" and public opinion.

Whilst some folk have difficulty in accepting they personally made a mistake at the time, more and more people now think Brexit was a mistake - so if our current problems are NTDWB why is this?

 

As you say, it’s been done to death but with other opinion polls showing a huge Labour majority, will they offer another chance to rejoin? 
A good appraisal from an economist who like me is a remainer. I think he’s also a realist, like me.

 

3 hours ago, Spider said:

Labours response was piss poor, which suggests to me that they don’t think it’s all that bad.

A Labour budget….

It is a Labour budget and the Tories will win back swing voters who are wavering with it - even though it kicks the can down the road to 2025. Labour have been piss poor for years though. By focusing on Tory cock ups - and still missing more open goals than you'd think possible - they've supported Brexit, failed to make key points on the Tory's mishandling of the economy, been distracted by Corbyn/infighting and generally done f*** all to put forward their own case as a credible government with credible costed alternative policies.

It's all good fun watching the Tories implode, but they have to provide an electable alternative and they've just not managed to get there - despite having the most favourable conditions to do so imaginable.

 

1 minute ago, BobyBrno said:

As you say, it’s been done to death but with other opinion polls showing a huge Labour majority, will they offer another chance to rejoin? 
A good appraisal from an economist who like me is a remainer. I think he’s also a realist, like me.

 

I can't see us rejoining - too many ducks to line up to make it acceptable to both the EU and the British electorate. But never say never.

24 minutes ago, Wanderlust said:

I know we've discussed this to death elsewhere mate and I'm aware that you put Brexit's failure down to "the deal we ended up with" but it was made clear before the referendum by the experts that the deal Vote Leave sold to the gullible was never achievable in the first place. It's almost as if Leave voters fully expected the EU not to have terms of their own....and as for replacing the excellent trade deals we had whilst in the EU with new trade deals - well you know what happened there.

Vote Leave was largely sold on the cost of being a member of the EU financially and politically and Remain failed to point out that it was a fraction of the cost of leaving.

Now there's a disconnect between the Leave mantra of "It's Nothing To Do With Brexit" and public opinion.

Whilst some folk have difficulty in accepting they personally made a mistake at the time, more and more people now think Brexit was a mistake - so if our current problems are NTDWB why is this?

 

I was given the opportunity to cast my vote in the referendum and voted as I wanted to at that time. I’ve never been asked since then if I still thought my vote was right or not so doubt the validity of a wiggly red and blue line.
 

Besides, as the option at any given time was in/out, yes/no, remain/leave, then as one line goes in one direction the corresponding line must go in the opposite direction so there’d be no chance of a spiked red without a dropped blue at exactly the same point in time. 

3 hours ago, MalcolmW said:

My state pension for 2023-24 will exceed my Personal Allowance (this despite having been opted out for many years, without which my SP would be a lot higher).

The SP will still be less than a quarter of my total pension/annuity income.

The basic state pension (full) will be £10600 pa. The personal allowance is £12570. Not sure how yours will exceed the pa.

4 minutes ago, BobyBrno said:

The basic state pension (full) will be £10600 pa. The personal allowance is £12570. Not sure how yours will exceed the pa.

Private pensions?

2 minutes ago, MickyD said:

Private pensions?

Yes but he said his state pension would exceed his pa. 

3 minutes ago, BobyBrno said:

Yes but he said his state pension would exceed his pa. 

I read it as his SP would ensure his PA was breached. I may have misunderstood.

7 minutes ago, MickyD said:

I read it as his SP would ensure his PA was breached. I may have misunderstood.

I think the fact that his sp was less than a quarter of his income, he has already breached his pa 😊

Just making a point that pensioners without private pensions are still protected from tax and NI. 

49 minutes ago, BobyBrno said:

The basic state pension (full) will be £10600 pa. The personal allowance is £12570. Not sure how yours will exceed the pa.

The basis state pension is often regarded as the maximum ... but there is also the Pre-'97 additional state pension (less a contracted-out deduction), Post-'97 additional state pension and graduated retirement benefit. 

Furthermore, since the contracted-out deduction increases at a lower interest rate than the other elements, my increase will be almost 10.4% overall and my weekly state pension will exceed £250 per week. If I had not been contracted out into a personal pension for 17 years my new pension would be over £300p.w,

As it is I was able to take a cash lump sum of over £17,000 and invest over £50k in an annuity increasing at 8.5 %p.a.

 

1 hour ago, MickyD said:

I was given the opportunity to cast my vote in the referendum and voted as I wanted to at that time. I’ve never been asked since then if I still thought my vote was right or not so doubt the validity of a wiggly red and blue line.
 

Besides, as the option at any given time was in/out, yes/no, remain/leave, then as one line goes in one direction the corresponding line must go in the opposite direction so there’d be no chance of a spiked red without a dropped blue at exactly the same point in time. 

I'd take it up with YouGov Micky.

24 minutes ago, MalcolmW said:

The basis state pension is often regarded as the maximum ... but there is also the Pre-'97 additional state pension (less a contracted-out deduction), Post-'97 additional state pension and graduated retirement benefit. 

Furthermore, since the contracted-out deduction increases at a lower interest rate than the other elements, my increase will be almost 10.4% overall and my weekly state pension will exceed £250 per week. If I had not been contracted out into a personal pension for 17 years my new pension would be over £300p.w,

As it is I was able to take a cash lump sum of over £17,000 and invest over £50k in an annuity increasing at 8.5 %p.a.

 

Fair enough. My previous point about basic state pension still stands. Additional contributions are like private pensions. Not everyone can afford them and not all pensioners have them. I’m ok and I guess you are. Many pensioners aren’t though and I’ve seen a shift in assumptions from pensioners freezing this winter to them spending all their time on the golf course. 

It’s not all that bad a budget, taken in isolation.

It needs bearing in mind that they’re only trying to fix a lot of their own mess.

But, given the shitshow the Tories have put on for the last few years, at least they’ve not dropped any clangers.

Caveat: I’ve not seen the details of how they’re tackling renewables, which is the big one for me.

8 minutes ago, BobyBrno said:

Fair enough. My previous point about basic state pension still stands. Additional contributions are like private pensions. Not everyone can afford them and not all pensioners have them. I’m ok and I guess you are. Many pensioners aren’t though and I’ve seen a shift in assumptions from pensioners freezing this winter to them spending all their time on the golf course. 

No it's not from additional contributions - it is from SERPS (State Earnings-Related Pension Scheme). When illusionist George Osborne persuaded the populace he was increasing the basic state pension considerably he neatly ignored the removal of additional pensions and second state pension. Since addition contributions were allowed to top up for a couple of years this blurred the picture even further.

Details as usual is important. Cuts deferred raising debt. A budget trying to win the next election. 

5 minutes ago, Winchester White said:

Details as usual is important. Cuts deferred raising debt. A budget trying to win the next election. 

Integrity is not a strong point of this lot.