Cable Forum - Britain outside the EU

Voters may have been happy to accept the economy taking a 4% hit for more sovereignty and other reasons. But when that 4% hit translates into higher taxes, poorer services or no triple pensions lock, it's no surprise the polls suggest they're now thinking differently.

Well they knew what they were voting for, if pensioners are struggling without the triple lock perhaps they should get a job, there's plenty out there

Sephiroth

31-10-2022 13:55

Re: Britain outside the EU

Truss showed that she didn't know how to do it. John Redwood knows, of course.

The higher taxes etc are down to Covid and Ukraine, in the main.

daveeb

31-10-2022 15:04

Re: Britain outside the EU

Quote:

Originally Posted by Sephiroth (Post 36138927)

Truss showed that she didn't know how to do it. John Redwood knows, of course.

The higher taxes etc are down to Covid and Ukraine, in the main.

But a bit confused about good British, out of the EU, reservoirs apparently.

https://twitter.com/johnredwood/stat...56919838887937

Hugh	31-10-2022 15:34

Re: Britain outside the EU

Quote:

Originally Posted by Sephiroth (Post 36138927)

Truss showed that she didn't know how to do it. John Redwood knows, of course.

The higher taxes etc are down to Covid and Ukraine, in the main.

Do you mean the man who posted this a couple of days ago?

Quote:

The government wants tax rises and spending cuts to reduce borrowing because the OBR says there will be a big deficit in 2025. No-one knows what the deficit will be then so being slave to a made up figure is wrong.

https://twitter.com/johnredwood/stat...vN6UbcwZvHCuVQ

If only there had been a recent event which had shown the folly of marginalising the role of OBR when setting fiscal policy...

ianch99

31-10-2022 17:48

Re: Britain outside the EU

Quote:

Originally Posted by Hugh (Post 36138932)

Do you mean the man who posted this a couple of days ago?

https://twitter.com/johnredwood/stat...vN6UbcwZvHCuVQ

If only there had been a recent event which had shown the folly of marginalising the role of OBR when setting fiscal policy...

You are being too polite Hugh, the guy is a fool.

Pierre

31-10-2022 18:41

Re: Britain outside the EU

Quote:

Originally Posted by Hugh (Post 36138932)

A big deficit in 2025? I’m pretty sure the deficit is big enough already.

1andrew1

31-10-2022 21:09

Re: Britain outside the EU

Quote:

Originally Posted by Pierre (Post 36138955)

A big deficit in 2025? I’m pretty sure the deficit is big enough already.

Not big enough for Redwood, apparently!

tweetiepooh

01-11-2022 11:18

Re: Britain outside the EU

I know it's crude and doesn't work but £50 billion deficit divided over 70 million population is around £720 each. Now all 70 million can't pay as we have children and others in that number. But that really is only the deficit and doesn't do much for the huge debt. We do need to pay that off..

Sephiroth

01-11-2022 11:32

Re: Britain outside the EU

Whilst I remain a convinced Brexiteer (as in shedding the EU shackles), shouldn't there be a hefty proportion of the £39bn somewhere in the mix? The cheating Guvmin never mentions this.

jfman

01-11-2022 11:39

Re: Britain outside the EU

Quote:

Originally Posted by tweetiepooh (Post 36138998)

You think that’s bad mate wait til you see the national debt.

Sephiroth

01-11-2022 11:48

Re: Britain outside the EU

Quote:

Originally Posted by tweetiepooh (Post 36138998)

Actually, that's very insightful. If you take the working population, you're looking at £1,500 per person. That's per year of deficit. If the Guvmin splits that 50/50, as mooted, with departmental savings, we're back to tweetiepooh's £720 each (per year). Of course that'll be higher because the tax take will be weighted according to affordability sort of thing and thus higher earners will see a higher burden (never mind their mortgages).

All because that fool Truss spooked the markets. Jeez.

Hugh	01-11-2022 11:53

Re: Britain outside the EU

Quote:

Originally Posted by Sephiroth (Post 36139000)

Whilst I remain a convinced Brexiteer (as in shedding the EU shackles), shouldn't there be a hefty proportion of the £39bn somewhere in the mix? The cheating Guvmin never mentions this.

It’s around £5.5 billion this year, £3 billion next year, £1 billion 2024…

https://www.bbc.co.uk/news/51110096

1andrew1

01-11-2022 12:49

Re: Britain outside the EU

Quote:

Originally Posted by tweetiepooh (Post 36138998)

Is it about £30k per person to pay off the UK's national debt?

tweetiepooh

04-11-2022 09:18

Re: Britain outside the EU

Quote:

Originally Posted by 1andrew1 (Post 36139017)

Is it about £30k per person to pay off the UK's national debt?

Yes but getting the budget right means we start to pay off that debt and people who pay off debt get that debt at better rates than those who don't.

Hugh	04-11-2022 10:41

Re: Britain outside the EU

Quote:

Originally Posted by tweetiepooh (Post 36139280)

Yes but getting the budget right means we start to pay off that debt and people who pay off debt get that debt at better rates than those who don't.

And people who add additional debt without explaining how they’re going to pay for it have to pay more for that debt - pretty basic process you would have thought most people would know…

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