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Originally Posted by jfman
And Thatcher borrowed throughout her tenure despite the windfalls of privatisation.
I agree it's not sustainable to structure the economy this way. However the choice of finding public services through taxation or scaling back the state is ideological.
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But not when the economy was supposedly doing well. Gordon Brown deliberately threw money around on things like tax credits. An example of unnecessary expenditure was free TV Licences for the over 75s. If may sound nice, but there was no legitimate basis for it. They don't suddenly suffer a drop in income when they hit 75.
It's not sustainable to have to borrow when the economy is doing well. Think of the everyday household budgeting situation. If you use bonuses and overtime to fund more borrowing in order to have a "better" lifestyle, it is inevitable that in time, those bonuses and overtime will disappear. Leaving you with debts and a lifestyle you can no longer afford.
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A Labour government would fund £60bn of energy-saving upgrades to low-income households over the next decade while wealthier households would receive interest-free loans for enhancements.
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Labour says its policy, called "Warm Homes for All", would create 450,000 jobs involved in the installation of energy-saving measures and renewable and low-carbon technologies, the party said.
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May sound nice, but apart from where are all those skilled workers going to magically come from, what happens when the job is completed? Those 450,000 will be out of work.
---------- Post added at 01:49 ---------- Previous post was at 01:43 ----------
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Originally Posted by Hugh
Brexit supporters - is Nigel right or is BJ right?
(on BJ’s deal - NF says don’t back the deal, it’s not Brexit).
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The backstop and the political declaration are definitely
not Brexit. The backstop seems to be illegal in terms of Article 50. Everything else in the WA currently has a defined endpoint. The problem is that as Remainers have shown, they are going to insist on it being extended, long enough for them to impose Remain in full.