Lucky13 said:CityStu said:Len Rum said:Not asking you to write an essay but which of his policies are 'madness' ?
I have absolutely no faith that he can cut the deficit whilst not increasing taxes and not cutting to the extent the Tories plan to. In his audience questions in the recent televised show and Lucy Powell on Daily Politics this week, they outlined a 3 pronged plan. The first was an increase to the 50p tax rate for the highest earners. The IFS have predicted that that will bring in between bugger all and £2bn. The second prong was to make efficiencies in government departments. The IFS estimated that that would bring in at most £1bn on top of what the Tories were already doing (and I have no confidence that Labour will be more efficient in public departments than the Tories). So far, that's £1-3bn of a £75bn deficit. Their last prong revolved around getting people off zero hours contracts and into tax paying jobs - increasing their tax base. Given that there are 700k people on zero hours contracts in the country and around a third of those will want the flexibility of zero hours contracts, they seem to be estimating that each person moving from zero hours to a full time contract is going to be paying £150k of tax. It simply doesn't add up.
Considering that they can't carry out any of their admittedly good plans in the NHS and education without a strong economy, I simply don't consider them worthy of my vote at the moment. Balls doesn't seem nearly as sharp as Osbourne, slimy as he is.
Red Ed Balls endorses The Budget
<a class="postlink" href="http://www.telegraph.co.uk/finance/budget/11482141/Budget-2015-Ed-Balls-admits-Labour-would-not-reverse-George-Osbornes-flagship-measures.html" onclick="window.open(this.href);return false;">http://www.telegraph.co.uk/finance/budg ... sures.html</a>
Why on Earth wouldn't you choose the guy who wrote the budget over the guy who said "well done George, that's an excellent budget - couldn't have done a better job myself".
Sums Labour up for me. They've spent this entire parliament disagreeing with the government at every turn saying the country would be in ruin with the planned cuts. Now it comes to the time when they can use all they've learnt and gauged from public opinion to create a viable alternative to the budget that appeals to their core voters and all they can do is point at George Osbourne and say "what that guy said". Pathetic.