General Election June 8th

[Chippy_boy]

Had Labour won the election in 2010 then Darling had a sensible plan to manage the economy and reduce the deficit sensibly which didn't involve crashing the economy. So by about now under Labour the deficit would have been eliminated.
Also note there would be no Brexit and existential crisis.
If Labour were to win this election then they would inherit the pile of shit the Tories have created so I would think that they would probably aim for 2027 which is probably the same as the Tories ( mañana plus two).

How do you figure that the people and policies that put the country into deficit in the first place, BEFORE 2007, would somehow reverse it from a MUCH worse situation after the crash? Absolute fantasy from a bunch of found out frauds. The electorate didn't believe it then and they still don't trust Labour to this day. Rightly so.

 

[Blue Mooner]

What will happen to Ireland's economy when they inevitably raise CT ?

Good to know you put so much store in my opinion

Totally depends on how far and how quickly they choose to raise it. Switching your HQ and therefore your tax jurisdiction for many of these organisations is simply a paper exercise in most cases. It's simply the name and jurisdiction under which they invoice customers and thereby where tax becomes due - unless someone with greater knowledge of EU tax law can interject. Undoubtedly I would expect the overall tax take to go down or at the very best be revenue neutral as the increased tax % is offset by those businesses restructuring their tax affairs. Undoubtedly the inward investment would slow impacting growth in the economy and the additional tax receipts they otherwise would have got by new investment of business attracted by the previously low rates.

 

[Hamann Pineapple]

Good to know you put so much store in my opinion

Totally depends on how far and how quickly they choose to raise it. Switching your HQ and therefore your tax jurisdiction for many of these organisations is simply a paper exercise in most cases. It's simply the name and jurisdiction under which they invoice customers and thereby where tax becomes due - unless someone with greater knowledge of EU tax law can interject. Undoubtedly I would expect the overall tax take to go down or at the very best be revenue neutral as the increased tax % is offset by those businesses restructuring their tax affairs. Undoubtedly the inward investment would slow impacting growth in the economy and the additional tax receipts they otherwise would have got by new investment of business attracted by the previously low rates.

So why would that not happen here then ?

 

[Blue Mooner]

This all boils down to prestwich blues theory that spending money boosts the economy etc - my personal opinion is that history shows that each time labour try this the economy ends up in a mess. One of the biggest problems in this country is the ridiculous house prices and I say that as some one who earns a living from it. The fact that people have to pay a quarter of a million pounds to live in an average detached house in a reasonable area. I would implement a plan which prevents mass inflation in prooperty prices. In regards to your response I am highly dubious that by spending more we would have had nil deficit by now but no one can know for certain not even you. I must admit the passion of labour supporters and the good intent they are showing has impressed me. As a natural conservative I just can't trust what is being said though. If someone more credible than Corbyn was in charge I think they would have a better chance. I will be physically sick if that Scottish cow ends up with any say in our government.

Absolutely spot on. Take a look at property prices pre Labour's election in 1997 and when they were kicked out having spent all our money in 2010. Most of the problems these socialists are complaining about were of Labour's creation.

It's Labour that caused rampant housing inflation that has destroyed young people hopes of owning a house in their 20's

 

[Blue Mooner]

So why would that not happen here then ?

I would expect it to. Which is precisely why Corbyn predictions about how much he would raise from corporation tax increases are wildly optimistic as it completely ignores the negative effects.

 

[Blue Whale]

I'm offering ten full pounds each to any Tory voter on here to change their vote to labour. My lad wants to go to Uni next year and it will save me a small fortune.

 

[mcfc1632]

I'm offering ten full pounds each to any Tory voter on here to change their vote to labour. My lad wants to go to Uni next year and it will save me a small fortune.

I don't mind promising to

 

[Tuearts right boot]

Seriously, is that our standard now, not having to walk 5 miles for water? What a time to be alive. How many times does it need to be said that we have record numbers of people using food banks? Working people using food banks. Not people making shit choices in life, nurses using food banks. 60% of people classified as living in poverty in this country now come from working households. You talk about levels of employment being at an all time high, but what good are employment figures when they mask the numbers of people working poor or people forced into zero hour contracts that they can't survive on. I couldn't care less about the statistics people want to throw out there about employment or GDP, you only have to use your own eyes to see it's the shittest it's been in this country for the most number of people than it's been in the last 30 years.

Food bans, food banks, nurses using food banks, policemen using food banks, same old chestnut, load of bollocks. If any working person ' needs ' a food bank they also need basic education. Food banks give free food, people will use them, give away free beer, free drugs, free petrol,give away anything free people will take it. Too many folk expect to have what they want nowadays. If people didn't live beyond their means life would be a lot easier for a lot of people. It really isn't rocket science.

 

[Mansour's lamborghini]

I'm offering ten full pounds each to any Tory voter on here to change their vote to labour. My lad wants to go to Uni next year and it will save me a small fortune.

I'll do that as will all my Nigerian friends.

 

[cibaman]

Had Labour won the election in 2010 then Darling had a sensible plan to manage the economy and reduce the deficit sensibly which didn't involve crashing the economy. So by about now under Labour the deficit would have been eliminated.
Also note there would be no Brexit and existential crisis.
If Labour were to win this election then they would inherit the pile of shit the Tories have created so I would think that they would probably aim for 2027 which is probably the same as the Tories ( mañana plus two).

Darling didn't have a plan, Len. He made projections, his objective being to halve the deficit in 5 years. A very sensible objective, much more realistic than Osborne's crazy idea that the deficit could be wiped out in that period. But Darling didnt have a plan as to how he would get from A to B. And he hadnt even started a dialogue within the Labour party as to what deficit reduction would entail.