They were basically promising austerity before the election. But the reality is that if his position is that austerity was wrong in 2010, then he's basically arguing that either higher taxes or higher borrowing to fund investment were the correct solution. Why are those two options not appropriate now?The Tories have wrecked it and kept a lot hidden which came out today (confirmed by the IFS Dir), so things had to change from what was hoped. You might not like what Rachel Reeves has announced, but surely you understand their position
I think he makes a very good argument against austerity. The clip is from 2021 .... the same year Reeves became shadow chancellor. Unlike Starmer she is an ideologue.... Osborne with a fringe.Found out today what shit show he has inherrited I suspect, what do you think?
and these two cunts are being let off againThe Tories have wrecked it and kept a lot hidden which came out today (confirmed by the IFS Dir), so things had to change from what was hoped. You might not like what Rachel Reeves has announced, but surely you understand their position
They were basically promising austerity before the election. But the reality is that if his position is that austerity was wrong in 2010, then he's basically arguing that either higher taxes or higher borrowing to fund investment were the correct solution. Why are those two options not appropriate now?
That will be extremely unfair on people who have worked hard and paid tax on all their earnings, they make the sacrifice only to be taxed again on the same money. As always it's the middle earners who will suffer. The wealthiest will no doubt won't kop for much as usual.She’s scrapped the winter fuel payments to pay for the public sector pay rises. October is going to be a bloodbath for anyone who has worked hard, been responsible, built up a pension, managed to get a few quid in the bank for old age etc. Reeves and Labour will steal it so they can piss it away as they always do.
True."Austerity" in 2010 wasn't just about avoiding higher taxes and borrowing - it was a political decision to cut the size of the state, in the misguided impression that it was "crowding out" the private sector. For many Tories, cutting the size of the state was probably an end in itself, but without the huge levels of growth that were supposed to come, it didn't allow for the accompanying tax cuts that they wanted. Crowding out as a concept didn't exactly set the world on fire.
Remember that one of the core principles of Osborne's Austerity was a public sector pay freeze. Given that today we've seen all the recommended pay rises accepted, it's clearly nothing like the same as 2010.
Labour are also banking on growth, but to allow them to improve public services, rather than cut them. Whether it works, we'll find out over the Parliament, but despite what Reeves said today, they are still promising to do more, rather than less.
and these two cunts are being let off again
Reeves could chace the real missing money and help people not impose austerity 2.0
I am left wing I despise the tories and I have followed Reeve career for more than a decade when she first espoused her wish to dismantled many aspects of the welfare state.
Don't be fooled that she wasn't cutting some of this stuff anyway, the tories have given he a better excuse to do it.
Labour will announce many good thing they will do and we will she a vast improvement on the last set of bastards, but reeves will always have austerity as part of her ideology
I expect something more hopeful as a solution from a labour party
and these two cunts are being let off again
Reeves could chace the real missing money and help people not impose austerity 2.0
I am left wing I despise the tories and I have followed Reeve career for more than a decade when she first espoused her wish to dismantled many aspects of the welfare state.
Don't be fooled that she wasn't cutting some of this stuff anyway, the tories have given he a better excuse to do it.
Labour will announce many good thing they will do and we will she a vast improvement on the last set of bastards, but reeves will always have austerity as part of her ideology
I expect something more hopeful as a solution from a labour party
My thoughts exactly, when I could earn a decent amount of overtime, we ate out more, had an extra holiday bought stuff for the house etc etc, what do the rich do buy a Lamborghini, or send money into a tax haven, I guess if you gave millions what I had they taxes collected would be through the roof, the rich wouldn’t spend any extra that would really benefit us.True.
Give 1000 civil servants an extra £20 a week and Sally from the Job centre will get her nails done, Trisha will get a wah cut and blow dry, Peggy will take her daughter to dance classes, Jimmy will go to the pub and Jonny will bring his so to the football with him.
Give Jeremy The £20,000 & he will invest it in his Cayman islands account