Politics

[Lt. Aldo Raine]

It does feel like the "unexpected financial black hole" lines Reeves and others are coming out with is laying the groundwork for tax rises

[Guest]

5 minutes ago, Lt. Aldo Raine said:

It does feel like the "unexpected financial black hole" lines Reeves and others are coming out with is laying the groundwork for tax rises

Maybe some tax rises but they’ve ruled out the main ones. I think it’s probably laying out the groundwork for a long term rebuild rather than a quick fix.

But you’d do this because things are in such a mess it needs spelling out. It would be crazy not to. Much of it goes beyond the IFS black hole that Reeves would not engage with pre election. It’s mapping specific services that currently aren’t in budget at all. 

[BobyBrno]

This was from the IFS report on the Labour manifesto. 

 “Labour continues in a conspiracy of silence on the difficulties they would face. These challenges are already perfectly clear. The books are open. A post-election routine of shock-and-horror at the state of the public finances will not cut it.”

https://ifs.org.uk/articles/labour-party-manifesto-initial-response

[tomski]

1 minute ago, BobyBrno said:

This was from the IFS report on the Labour manifesto. 

 “Labour continues in a conspiracy of silence on the difficulties they would face. These challenges are already perfectly clear. The books are open. A post-election routine of shock-and-horror at the state of the public finances will not cut it.”

https://ifs.org.uk/articles/labour-party-manifesto-initial-response

Surely this is the tories fault though?

[Guest]

5 minutes ago, BobyBrno said:

This was from the IFS report on the Labour manifesto. 

 “Labour continues in a conspiracy of silence on the difficulties they would face. These challenges are already perfectly clear. The books are open. A post-election routine of shock-and-horror at the state of the public finances will not cut it.”

https://ifs.org.uk/articles/labour-party-manifesto-initial-response

The planned Tory funding cuts were known by Labour and not addressed for political reasons. But the fact several critical services were not in budget at all - that was not known and the Tories have now admitted as much and that their planned tax cuts were unaffordable. There is a combination of obvious political gaming going on and the fact that never has the country been as poorly managed as the last five years. 

[Lt. Aldo Raine]

6 minutes ago, BobyBrno said:

This was from the IFS report on the Labour manifesto. 

 “Labour continues in a conspiracy of silence on the difficulties they would face. These challenges are already perfectly clear. The books are open. A post-election routine of shock-and-horror at the state of the public finances will not cut it.”

https://ifs.org.uk/articles/labour-party-manifesto-initial-response

Yes, the books were indeed open and the idea it's a surprise to the new Government is clearly a falsehood

It's the excuse to be used to justify the expected tax rises to come

It's clever politics, I suppose

[Casino]

Inheritance, CGT, non doms, i can live with

And tbh, i bet it still wont cost me as much as the recent tory rises to fund their dodgy dealing

 

[Traf]

Look, it was patently obvious that money would need to be raised/spent to revive the country.

Let's wait to hear what Labour propose rather than listening to that paragon of truth, the Express.

[bolty58]

1 hour ago, Traf said:

Look, it was patently obvious that money would need to be raised/spent to revive the country.

Let's wait to hear what Labour propose rather than listening to that paragon of truth, the Express.

Yes, wait. I think we all know what is coming but we aren't over the honeymoon period yet. A leopard never changes its spots. The tax rises will be wide and plentiful as they always are under Labour.

Non doms will simply fuck off. Inheritance tax is unjust. It won't be long until they are after the motherlode (income tax).

[frank_spencer]

Even Martin Lewis was pointing out before the election that this £20bn would need to be sorted and none of the main parties would talk about it.

It's hardly a surprise that this money had to be found.

[MancWanderer]

6 hours ago, Traf said:

Look, it was patently obvious that money would need to be raised/spent to revive the country.

Indeed. And I’m happy with that.

Reckon I’ll be slightly worse off but I’ll take it

[Guest]

Maybe an end to the junior doctors strikes, which would be rather excellent. 
 

https://www.bbc.com/news/articles/cjqe82lk5g5o

 

 

[Casino]

47 minutes ago, bwfcfan5 said:

Maybe an end to the junior doctors strikes, which would be rather excellent. 
 

https://www.bbc.com/news/articles/cjqe82lk5g5o

 

 

just before GPs start

 

[kent_white]

On 27/07/2024 at 08:04, Lt. Aldo Raine said:

It does feel like the "unexpected financial black hole" lines Reeves and others are coming out with is laying the groundwork for tax rises

If that's what's needed. Then that's what's needed. 

Although I wouldn't mind betting that the Tories were spunking money on nonsense schemes left, right and centre to try and cling on to power. 

I also very much doubt they were entirely forthcoming with the size of the financial fuck up they presided over.

I'm not sure why people are scared of paying a bit more tax when they're happy for their virgin media bill to go up £20 a month every year. Imagine if that went into the NHS? We could write it on the side of a bus maybe? 😁

[kent_white]

1 hour ago, Casino said:

just before GPs start

 

To be fair - most of them in private practice decide on their own salaries. Think it's about £120,000 on average.

[Casino]

22 minutes ago, kent_white said:

To be fair - most of them in private practice decide on their own salaries. Think it's about £120,000 on average.

im not even sure its really about salaries, this one?

(i dont take too much interest as i'll hear nowt else all weekend)

more that theres not enough money to employ the GPs so desperately needed and we end up with unemployed GPs

what a country

[Guest]

3 minutes ago, Casino said:

im not even sure its really about salaries, this one?

(i dont take too much interest as i'll hear nowt else all weekend)

more that theres not enough money to employ the GPs so desperately needed and we end up with unemployed GPs

what a country

They need more than the 1.9% increase the Tories offered in their settlement to run their practices. I’m fairly sure Labour will have to offer them more because this isn’t about salaries it’s about being able to run a viable practice as a business. 
 

 

[Lt. Aldo Raine]

32 minutes ago, kent_white said:

If that's what's needed. Then that's what's needed. 

Although I wouldn't mind betting that the Tories were spunking money on nonsense schemes left, right and centre to try and cling on to power. 

I also very much doubt they were entirely forthcoming with the size of the financial fuck up they presided over.

I'm not sure why people are scared of paying a bit more tax when they're happy for their virgin media bill to go up £20 a month every year. Imagine if that went into the NHS? We could write it on the side of a bus maybe? 😁

The tax rises are necessary

The point was that the claim the finances were worse than previously thought is not true

 

[Casino]

7 minutes ago, Lt. Aldo Raine said:

The tax rises are necessary

The point was that the claim the finances were worse than previously thought is not true

 

this morning, mcfadden claimed that the situation was worse than thought as the OBR had been misled

if thats true, then the finances could be worse than Labour knew

[Ani]

Reeves just announced that ministerial payouts to ex ministers will be reduced if they have only served a short term. Assume we all agree with that. 

[Guest]

30 minutes ago, Lt. Aldo Raine said:

The tax rises are necessary

The point was that the claim the finances were worse than previously thought is not true

 

Reeves has just clearly laid out why it was worse than she knew. 

[Lt. Aldo Raine]

1 hour ago, Casino said:

this morning, mcfadden claimed that the situation was worse than thought as the OBR had been misled

if thats true, then the finances could be worse than Labour knew

 

37 minutes ago, bwfcfan5 said:

Reeves has just clearly laid out why it was worse than she knew. 

But it's not the reason for the tax rises about to come in

Victoria Derbyshire knows the score

As does Paul Johnson of the IFS

[Casino]

labour claim they knew nothing of the pay awards recommended for nurses and teachers 

please note, im just presenting facts...ie labour claim this, that or the other - but seeing as its an independent body (hahaha) why would they?

and i guess, even though its small fry, the increased rwanda cost was hidden, so why wouldnt they be at it with other things

maybe the buy some votes NI cut wasnt the brightest move

just putting it out there

 

[Winchester White]

 

[Guest]

1 hour ago, Lt. Aldo Raine said:

 

But it's not the reason for the tax rises about to come in

Victoria Derbyshire knows the score

As does Paul Johnson of the IFS

But the IFS are accepting that the circa 8Bn overspend she’s just announced (mainly in asylum) but also elsewhere wasn’t known. That’s not exactly small fry! The OBR have just launched an investigation into the overspend.

 

We know all parties ducked the fiscal black hole but when a long series of Tory announcements from history turn out to be not in any of their budgets and there is an in year overspend approaching 8Bn - I think it’s reasonable to say ‘it’s worth than we thought’ even if you had failed to acknowledge it was ‘bad’ previously. 
 

The IFS have now said ‘yeah Reeves is right it is worse than we thought’

 

 

Edited July 29, 2024 by bwfcfan5