The Labour Government

Mazzarelli's Swiss Cheese said:
Another 0.1% in November announced today
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I appreciate that 0.1% could be in the noise, but thats why there is concern when its consecutive months.

What I dont think people realise is what it means in financial terms. The parties can talk about a £22Bn black hole, but if the economy shrinks by around 0.8% that would also cost the UK £22Bn.

The figures might be revised upwards but it needs to be turned around quickly or we will all end up materially poorer and there will be even less money for public services.

Personally I think we will see a slight up tick in December due to Christmas as is normally the case. The size of that by comparison to previous years will be interesting to see.
 
blueinsa said:
Economy shrunk again by 0.1% in October.

She has had an incredible effect so far that’s for sure.
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They’ve actually managed to shrink the economy overall since the election, for the four months of data available.

That’s quite an achievement given that in the four months leading up to the election the economy was in fact ticking along very nicely, growing at a 1.9/2.0% annualised pace.

It’s almost as if continually talking down the economy, manufacturing entirely spurious speculation of a run on the pound in order to justify removing the WFA and signalling huge tax rises is detrimental to confidence and growth. Who knew eh?

Still, it’s another thing for Reeves to add to her CV and if someone could update that list of Labour achievements I’d be most grateful.
 
Brewster's millions said:
They’ve actually managed to shrink the economy overall since the election, for the four months of data available.

That’s quite an achievement given that in the four months leading up to the election the economy was in fact ticking along very nicely, growing at a 1.9/2.0% annualised pace.

It’s almost as if continually talking down the economy, manufacturing entirely spurious speculation of a run on the pound in order to justify removing the WFA and signalling huge tax rises is detrimental to confidence and growth. Who knew eh?

Still, it’s another thing for Reeves to add to her CV and if someone could update that list of Labour achievements I’d be most grateful.
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freezing pensioners? Adding costs to employers so reducing employment and wages? Spunking money on train drivers who are loaded?
 
Kompany Car said:
Banks are now offering only 5% deposit for mortgages (Nationwide for instance). Take a starter home/flat in the north, say £200k (yes you wont get a fancy area but you have to start somewhere), thats 10k deposit. With the LISA, 2 people saving 4k each and topped up by the government can have 10k is a year. For kids still living at home and working full time that should be pretty easy to do, if they cant then they really dont have much chance of maintaining a house and paying the bills.

I appreciate that many kids after university for instance, dont want to go back home, but thats the sensible thing to do, even if it means taking a lower wage and its not their dream job.

The real issue is for those who can't live at home due to family issues/brought up in care. Those circumstances I agree would make it very tough.
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Yes, but my last line is relevant. In your perfect world scenario the 2 kids are being propped up by their parents if they don't charge the kids for 'bed and board'. Plus, after university they will have a 25k debt to pay off as well.
 
stonerblue said:
Yes, but my last line is relevant. In your perfect world scenario the 2 kids are being propped up by their parents if they don't charge the kids for 'bed and board'. Plus, after university they will have a 25k debt to pay off as well.
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They dont have a 25k debt to pay off, its only paid back when they are earning over a certain amount and then its a percentage. Many people never pay the full amount and its written off and eroded by inflation.

If people are charging their kids a lot in bed and board then, they need to reassess their priorities. Any more than £100 a week is just profiteering from your kids unless you're bunging it in a savings account for them.
 
Kompany Car said:
I appreciate that 0.1% could be in the noise, but thats why there is concern when its consecutive months.

What I dont think people realise is what it means in financial terms. The parties can talk about a £22Bn black hole, but if the economy shrinks by around 0.8% that would also cost the UK £22Bn.

The figures might be revised upwards but it needs to be turned around quickly or we will all end up materially poorer and there will be even less money for public services.

Personally I think we will see a slight up tick in December due to Christmas as is normally the case. The size of that by comparison to previous years will be interesting to see.
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We don't them to find another fucking 22bn black hole. How many more people will they off then and how many promises will they put on the back burner?
 
TinFoilHat said:
The media framing economy shrinkage as those nasty lefty socialists taxing business as the excuse.

You want a radical socialist idea? Put an expiry date on money. That way every **** has to spend it including that tight arse we all know that keeps it under their mattress.
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There is effectively an expiry date, its called inflation. Dont put the money to work and every day its worth less
 
TinFoilHat said:
The media framing economy shrinkage as those nasty lefty socialists taxing business as the excuse.

You want a radical socialist idea? Put an expiry date on money. That way every **** has to spend it including that tight arse we all know that keeps it under their mattress.
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I think people need to have serious discussions about how we want the country to look in 30 years time. If we insist on the fuckwittery of the population pyramid then it needs huge investment in roads houses public services and much more. Social care on its own is a problem being ignored by the last and current govt because they have no answer.
Whether the economy shrinks a little or grows a little the result is pretty much the same we are struggling and no one seems to have an answer.
I'm sorry if this is overly negative and isn't taking a side my intention is not to upset
the status quo lovers/centrists/purples
 
hilts said:
We don't them to find another fucking 22bn black hole. How many more people will they off then and how many promises will they put on the back burner?
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There isn't a £22bn black hole, it's a selective fantasy. The UK government spends over £120bn more than it brings in and this £22bn black hole is just part of it.

A shrinking economy makes it even worse. Smaller GDP = more borrowing needed to retain an equivalent level of spending. They can only balance it by returning to growth or imposing cuts in spending. Or they can just borrow more which is what will happen and so there will be even more unfunded spending.
 
inbetween said:
There isn't a £22bn black hole, it's a selective fantasy. The UK government spends over £120bn more than it brings in and this £22bn black hole is just part of it.

A shrinking economy makes it even worse. Smaller GDP = more borrowing needed to retain an equivalent level of spending. They can only balance this by returning to growth or imposing cuts in spending. Or they can just borrow more which is what will happen and so there will be even more unfunded spending.
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You missed my sarcasm and previous posts on the 'black hole' mate.
 
hilts said:
I think people need to have serious discussions about how we want the country to look in 30 years time. If we insist on the fuckwittery of the population pyramid then it needs huge investment in roads houses public services and much more. Social care on its own is a problem being ignored by the last and current govt because they have no answer.
Whether the economy shrinks a little or grows a little the result is pretty much the same we are struggling and no one seems to have an answer.
I'm sorry if this is overly negative and isn't taking a side my intention is not to upset
the status quo lovers/centrists/purples
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Perhaps we need breeding licenses?
 
Harry - a man who is unfamiliar with what are really familiar old saying - works out of 55 Tufton Street - must be a coincidence

 
The Future’s Blue! said:
It’s going to get worse before it gets better. At least we have a functioning government now who seem to have a plan.
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What plan would that be then?

Manufacture an imaginary fiscal black hole and cause a slump in confidence, just so they can generate political cover for the removal of the WFA?

Seems to be working pretty well to be fair.
 
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