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More cuts from failing Osborne
http://www.bbc.co.uk/news/uk-politics-35672158
6 years in the job and he and his Governments policies are still failing. None of the extra cuts will be affecting him and his millionaire cabinet colleagues of course. No doubt the poor, disabled and children will be targeted again, leeches that they are. |
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I'll get in first: it is Labour's fault ..
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And MPs are to get 1.3% pay rise breaking the government's own cap.:(
http://www.theguardian.com/society/2...lic-sector-cap |
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Wise move... :)
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http://www.mirror.co.uk/news/uk-news...-warns-7450565 |
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If there was a half decent opposition that'd be a lot more likely but the truth is that Corbyn's cronies couldn't hit a barn from the inside.
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That will change... every dog has it's day.
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:rolleyes: |
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Perhaps it would have been better if he went to a private Prep school and a selective grammar like some other? |
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There's no shortage of stereotyping around here is there, especially amongst those who routinely turn a blind eye to Labour's very own toffs, would be toffs and plain hypocrites who choose private education for their own kids whilst campaigning to stop anyone else doing the very same thing.
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Like some other what? http://www.bbc.co.uk/news/magazine-12282505 ---------- Post added at 22:20 ---------- Previous post was at 22:20 ---------- Quote:
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All getting away from the fact that Osborne's policies have failed. The pain he's inflicted on the country has been for nothing. We're still massively in debt and needing to borrow after 6 years of his medicine. Blaming Labour won't wash any longer. The small recovery we did have he's managed to choke off with his austerity obsession. Someone needs to tell him to leave the stage and take his neighbour with him. Buffoon Boris will be a welcome relief.
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Enough time has passed since Paris so the Police and security services can get another hammering.
More sneaky raids on pension schemes and perhaps an end to the freeze on fuel duty as well. |
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Private pensions were raided by Brown and so it will continue. |
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Jermey Corbyn - a career politican who's never done a real day's work in his life and behaves like a 1970's student union rep. Talk about out of touch.
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Nobody defending Osborne here, even the Tory faithful.... Just the usual Labour are somehow to blame for everything, forever; the records wearing very thin.
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I think the reality is, regardless of who's in power, if after x no of years, the situations not measurably improved, you blame the Finance guy - in this case Osbourne.
He should be sweating a bit, Camerons not going to give a toss, he's already said he won't be PM for term 3, Ossie boys got his eye on that job though, and it may not happen if he keeps fumbling the finances. Yes I know we can blame the Chinese or the eskimos or whatever, but the axe drops on the guy in the hot seat, just like it does for an England Manager who's underperformed. And at this point, it's going to be a bit futile to blame Labour now, people will only stomach so much 'medicine' and then they'll want to see some sort of end to it, that point of evaporating goodwill is fast approaching, Ossie's asscheeks should be clenching - just a little. |
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No, I am saying that people need to be consistent in their criticism....
Strange how it's bad for some to have a privileged upbringing, but not others... Reverse snobbery ---------- Post added at 02:16 ---------- Previous post was at 02:15 ---------- Quote:
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They won't give a toss about any other countries, they'll care about the one they are in. The one that affects them. Personally. The next election isn't in the scope of this thread. |
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George promised to get rid of the national debt by the end of his first parliament. Not only did he massively fail but , despite all the pain, it's continued to rise to £1.53 trillion! Just as well he's not on performance related pay.
http://www.ukpublicspending.co.uk/uk...ebt_chart.html We had the hint of a recovery but his 'medicine' has killed it. Things are looking very gloomy again. How he and his Govt. got re-elected continues to amaze me. |
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God knows why...
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They can't be surprised that other workers on lower salaries want a pay rise even more when they see overpaid MPs getting one. |
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Cutting expenditure wont fuel growth, but these people never learn.
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I don't know if that is ignorance on your part or a lie He promised to get rid of the deficit ... that is how much we have to borrow every year just to pay the bills .. and whilst he hasn't got rid of it he has reduced it year on year Conflating it with the national debt is dishonest and designed to inflame those who don't realise the difference. So just to recap ... until the deficit is gone the debt will keep on rising... the deficit was inherited after the crash ... The deficit is being reduced not as fast as promised but it is being reduced despite global economic turmoil |
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Cheers Grim |
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Cheers Grim |
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While we're on about companies which arrange their affairs, legally, to minimise what they pay in tax, let's not forget all the celebrity luvvies, footballers, musicians, TV presenters, etc. etc. etc. who do exactly the same. Let's especially not forget those who at the same time preach 'morality' to the rest of us...
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IFS report dispels Osborne’s myth that we’re “all in it together” http://www.theredroom.org.uk/wp-cont...n-HEADLINE.jpg |
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Cheers Grim |
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Small number of people at the top living in luxury. Millions of ordinary people living in austerity. I seem to remember something similar to that in France way back in 1789 and we all know what happened then.
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Mind you I wouldn't be aversed to seeing Blair's neck on the block. |
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No way! She's a national treasure!!
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report] confirms that the richest have lost the most from the Government’s changes to taxes and welfare. Treasury analysis has shown that throughout the parliament that the richest 10 per cent of households have made the largest contribution to reducing the deficit. The Treasury presents the most complete, rigorous and detailed record of the impact of this government's policies on households. At Autumn Statement this confirmed that the richest 20 per cent of households will contribute more to reducing the deficit than the remaining 80 per cent put together.” ------------ It should come as no suprise that when the government reduce what it is paying out, that those who receive the most lose the most and those that receive little are "remarkably unscathed" |
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The previous years there had been losses in the business, with no dividends paid - link to annual reports here. From Wiki - Osborne & Little recorded a pre-tax profit of £722,000 on turnover of £34 million in 2014/5. The highest paid director, possibly Peter Osborne, was paid £684,000. Using the 2014/15 UK income tax calculator reveals this would result in combined income tax and national insurance deductions of £310,838.28. In 2015 it was revealed by Private Eye that, despite having made a pre-tax profit of £722,000, the company paid no corporation tax for the year 2015 – thereby avoiding a "tax bill" of £179,000. The magazine also revealed that the company had not paid any corporation tax since 2008 and had even received a tax credit of £12,000 in the year 2010. This was due to the company making losses totaling £9 million between 2009 and 2014, which allow the carry forward of credits for losses against the 2015 corporation tax bill. Do you think that all of the hundreds of thousands of companies that offset Corporation Tax because of trading losses are in the wrong, or just Osborne & Little? |
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The worst thing about Labour's incompetence at the moment is that Osborne doesn't have anyone to really call him out on his budget. He hasn't done that well really. This last year is peak-Osborne. He introduced tax credits amongst a bullish assessment of the economy, he then rolled that back after a HoL rebellion and 'finding' a couple of billion down the sofa, and now it seems he is going to have to cut hard and quickly. He keeps making optimistic deadlines for when the deficit will be cut before missing them.
It's 6 years on now. He can't, although probably will, come out with the 'fixed the roof when the sun was shining' metaphor because he isn't. The main argument in his favor is that you have Mao-quoting, IRA-supporting, incompetent opposite him. However if your strongest suit is that you're not John McDonnell then you have problems. |
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Sorry my mistake, morally repugnant were his exact words, which is kinda worse really http://www.cableforum.co.uk/board/35822153-post25.html |
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Well, Osborne & Little are in good company using deferred tax credits, with the Guardian Media Group and Trinity Mirror using deferred tax credits of millions of pounds in 2013 and 2014 - strange no one is outraged about them...
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Firstly, the present problems and the past has NOTHING to do with a Labour Government.
Since Cameron and his puppets got into power. They have well looked after each other, paid themselves lots of money in pay rises. And yet the rest of the country, have really suffered. My son who is diables, as had his benefit cut in two. By the shameful DWS. The Conservative lovers on this forum, who say. Where does this extra money come from. Quite simple, stop sending millions of pounds oversea's. Stop finding money to help countries. then there wont be any problems on Budget. I suggest everyone watch the YouTube item on Mhaini Black, who is MP in Scotland. This is the type of MP, to run the Labour Party. She has spoken from the heart. And brilliant. Obviously, her speech was in a nearly empty house. But this is what the Labour Party need. When Osborne makes his Austery cuts, he will tear more money back from us - yet, pay the cronies, who play on there ipads, and fall sleep in the House. There is one big difference in this country, the rich, and the poor. There are two divides Corbyn, doesn't have the bottle to take on Cameron, this is why the Tories, will be around for many years. ---------- Post added at 20:25 ---------- Previous post was at 20:07 ---------- http://www.mirror.co.uk/news/uk-news...feated-7467001 Just come in |
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It was a hypothetical question. Miss Black spoke with passion, for her voters. This why she got elected.
She should take over from Corbyn (by joining Labour) |
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But you already knew that, but didn't let it stop you making a cheap political point...:dozey: http://www.bbc.co.uk/news/business-17525977 Quote:
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I am guessing this is a bad thread to ask for ways to mitigate the insane tax rate at £100k? |
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How many times has the budget been in surplus in the past 30 years?
Deficit versus growth and what the deficit is being spent on are key. Not making essential investment shifts bills onto the following generations too, and potentially at higher interest rates. Debt to GDP ratio matters, not nominal debt. Simply saying surplus good, deficits bad is a gross oversimplification. A fair amount of the relaxation of austerity the Chancellor has done has actually been the right kind - they went after the 'easy' and expedient savings and quickly realised this was a bad idea. Some of it, however, the more cynically politically motivated cuts and short-termist sales of assets, is nuts. The ongoing shifting of more activities onto local authorities while continuing to cut their budgets so that they rather than central government will take blame for example is repugnant. ---------- Post added 01-03-2016 at 00:05 ---------- Previous post was 29-02-2016 at 23:55 ---------- Incidentally the major issue is that ridiculous requirement to be running a surplus in 'normal' times. The Chancellor is hoist on his own petard, has robbed himself of flexibility, and has run the economy for political and ideological ends way too much. The OBR predicted that private debt would be the substitute for public borrowing and that is, with interest, what is happening. The economy is more dependent on services than ever before after it became politically expedient to ignore rebalancing attempts. We have had a big asset price boom that's led to huge amounts of capital not generating any economic growth. Employment is high but productivity is still in the toilet - the jobs don't seem to have been much good. The economy is very precarious indeed and this is nothing to do with Labour but a Chancellor whose long term economic plan is more like a long term plan to try and become the Prime Minister. |
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http://www.channel4.com/news/george-...-offshore-firm |
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Georges gift to the hard up rich of cutting the top rate of tax has cost the country £2.4bn - clever old George. Doubtless he'll get it back from the disabled or children.http://www.independent.co.uk/voices/...-a6905836.html
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And if you don't like that source try this one It all depends on who you believe. ---------- Post added at 08:59 ---------- Previous post was at 08:52 ---------- Perhaps a more credible source is this paper from the LSE: cep.lse.ac.uk/pubs/download/EA029.pdf |
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I see the Torygraph are called for more tax cuts for higher earners or what it calls 'middle classes'. Someone need to tell them that the average wage in the UK is £26k. You can certainly see where Georges priorities lie, with his rich mates and those that don't need the money. The rest of us can suffer more cuts to pay for it. The rich get richer and the poor continue to get poorer - life under the Tories. Still it's what we all voted for isn't it ? :rolleyes: |
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Massive increase in personal tax allowance threshold, living wage boost. I'm sure those in receipt are poorer. :confused:
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As for the living wage in ain't fully coming in till 2020! By then it might not seem that generous an amount. |
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And a lot of things can happen between now and 2020 as we all know..
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All bets are off so far as I can see and whichever colour of incumbent government we get I expect future changes to such things as pensions, personal taxation, benefits etc. to be more drastic and happen far more frequently than ever before. Gone are the days when planning ahead meant planning for retirement 30 or 40 years hence with some semblance of certainty - a) an awful lot of people now at work will never be able to retire and b) the goalposts are going to be moved repeatedly in one way or another that it's impossible to plan for anything other than a few years ahead.
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Young people starting their working lives now will probably have to work until they are 75 according to government hints in the pension review that is going to be taking place in the next 14 months.
http://www.telegraph.co.uk/news/poli...nsion-age.html |
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The thing is there will be some who will remain in good health who will probably be capable of working up to 75 but then there are also the workers who do tough physical manual work who are going to find it very hard continuing to do physical manual work up to 75.
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Yes it's all very well saying that people can't retire until they're 75, for example, but what jobs are these people going to do at that age and won't they simply be taking work that would otherwise have gone to younger people starting out on their careers?
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It's going to be a big burden for employers. Imagine all the 'reasonable adjustments' they are going to have to make for doddery 75 year olds, how productive are they going to be, will they be more of a liability than is worthwhile ?
I don't quite believe lifespans are extending as fast as the govt. is claiming. They seem to be changing this every couple of years now. How is anybody supposed to plan for retirement ? There's an element of cost cutting going on here. Another one of George's 'invisible' cuts that is going to affect the poor most. |
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http://www.theguardian.com/money/201...pension-reform
George has bottled another decision on pensions for the rich. Mustn't upset the Daily Fail or Torygraph voters. Where will his axe fall in the budget; children again? the NHS? the disabled? Boris? |
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IDS urges Tory MPs to vote through cuts to disability benefits - despite his own watchdog warning they are unfair it only goes to reinforce the perception that this government is far removed from the One-nation conservatism of Disraeli et al. |
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There is nothing wrong with deficit's (and borrowing) providing there is economical growth. Like the same in modern day to day business, even large corporates like BT borrow money to fund investments, they even borrowed to give out payments to shareholders. Sadly the current government have brainwashed a lot of people into thinking it is some kind of unsustainable situation to have a deficit. ---------- Post added at 11:07 ---------- Previous post was at 11:02 ---------- Quote:
The most devious is probably the shifting of costs to councils, as most people are completely unaware of what is happening there. |
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Echoing the comments above that George should have maybe staying with History:
George Osborne would fail his economics GCSE – he can’t even get the basics Quote:
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Not that you need any qualifications to be Chancellor of the Exchequer - could be one of the reasons we're continually in deficit... |
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He definitely needs a rethink, endless cutting only gets you so far.
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"..The Institute for Fiscal Studies’ illuminating green budget shows that by 2019/20, public expenditure outside health.."
bloody tories protecting health services .. oh wait |
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It's part of the reason they don't want a more efficient, integrated health and care system. They'd have to widen the ring fence and either spend more or take some blame for the pain their cuts are causing. This is also why they are so in favour of elected mayors - gives another level of scapegoat for their own cuts to local authority budgets. |
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I remember reporting here about the reenablement program where hospitals are discharging patients into the care of carers funded by the council, someone on here asked me to post proof which I duly did, that person never replied since on the subject. Its as if people pretend this isnt happening, hands over ears.
On top of that they enforced handcuffs to councils by disallowing council tax rises above 2%, as well as forcing them to protect pensioners on council tax benefit cuts. |
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Oh dear, George out has run out of money ...
http://www.theguardian.com/business/...budget-obr-pay His much promised wages growth hasn't happened, so he can't grab as much tax.. Or can he? I'd stock up on wine, beer and fuel this week.... |
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Yes I expect the budget will be 'interesting'
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http://www.independent.co.uk/news/uk...-a6927056.html
George's latest wheeze; cut another £150 a week in disability benefits to fund further tax cuts for the rich. Needing to go to the toilet or dress are unnecessary luxuries and they don't need help with that. I think he's a modern day Robin Hood, but he's just got things the wrong way round... Easy mistake to make... |
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They've really got a hard on for the disabled, its completely meaningless while they waste 12+ Billion /yr on Foreign aid, the savings made from cutting benefits pales into insignificance, I think sensible people realised cuts needed to be made, and on the whole, have stood them with reasonable good grace, but we're now some 6 years in and no end in sight, Civil Service infrastructure is at its lowest since WW 2
Ossie needs to get a grip his one trick pony act isn't cutting it, and they'll get punished next Election, even if Labour are unelectable, people just may well vote UKIP/Lib Dem as Fark you gesture. UKIP may actually get some MP's next time especially if as I expect, we don't vote to leave the EU. |
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Thats just wrong, you see the promise of 'Jam tomorrow' remember that? only works as long as Tomorrow comes, we've been cutting things for a very long time with no sign of tomorrow coming, is it really that much of a stretch to think that people might just be getting a bit sick of it?
It does seem like the disabled are getting a good kicking though no two ways about it. |
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