The Labour Government

mosssideblue said:
I thought ( may be wrong, usually am :)), as long as you live a further 5 years after, then that’s ok?
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I think there is something about 7 years, but I think that's a bit of a myth too, although I'm no expert either and stand to be corrected :-)

I do understand why it pisses people off though. You work hard, you save and you do things "correctly" yet then possibly have it all taken away. Yet the other thing I do "get" is that if your assets aren't used then the bill ultimately falls on everyone else.

My mum was in care for the last 20 odd years of her life due to schizophrenia and then, in the final few years, dementia. Her assets weren't taken, so there seems to be a different rule for that although I think it was the schizophrenia and being sectioned rather than anything else.
 
mosssideblue said:
I think the media have finally cottoned on to Farage and what a Reform Government would mean and are now pushing that door closed.
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I predict the closer we get to a general election the media will start concentrating on the three main parties Reform will not get more than a handful of seats.
 
Brewster's millions said:
I think that’s a strange take, and unfair on the OBR.

It’s debatable whether they deliberately leaked the Budget documents on the morning of Reeves’ speech. It was a pretty tasty way to get one over Reeves if it was done deliberately, but I don’t think it was. The head of the OBR is an experienced, senior former Treasury official and I don’t think he would have sanctioned it given that it would be the end of his career if it were proven that he had done so deliberately. More likely that an inexperienced staff member, not used to dealing with time and market sensitive material, made a mistake.

Other than the early release of the documents on Budget day, I can’t see why they’d be open to criticism, given that they were only doing their jobs in the usual manner.

The problems sit entirely with the behaviour of the Chancellor, the prime minister and other officials within the Treasury. First leaking even the fine detail of the OBR’s annual supply-side appraisal to the press, and then using this to provide a misleading and dishonest impression of the evolution of the OBR’s fiscal forecast overall.

If Reeves had acted honestly and with integrity, and indeed professionally, then none of this would have happened. But both she and Starmer chose to mislead people in order to provide cover for an increase in taxes that would be used to bribe their backbenchers. None of that was the OBR’s doing.
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What deceit? They said tax rates wouldn't rise and they didn't. The OBR is a nest of Tory vipers btw, only three of its current cadre were nominated by Reeves et al.
 
TinFoilHat said:
Because Labour have closed some loopholes through the new employments rights bill meaning they can't exploit their slaves...sorry "Highly focused team driven by productivity goals."

Possibly?
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Or perhaps the uncertainty has caused his customers to hold off purchases etc.

Whatever the cause it’s not something to take the piss out of mate.
 
metalblue said:
Or perhaps the uncertainty has caused his customers to hold off purchases etc.

Whatever the cause it’s not something to take the piss out of mate.
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Fair point.

There are plenty of small businesses that are run with goodwill from both the owners and the staff.

Yet the Deliveroo's/Amazon's and other corporate leviathans stuck in the 1980s greed is good mantra will find a way to avoid any potential way to contribute more to society. They've had the system stacked in their favour for over 40 years now.

Trade unions got blamed for the countries ills and many weyre destroyed. Which meant less governance and regulation aided by "free market" policies from politicians being paid handsomely by said groups to put their needs over the people they are supposed to represent.

The moment the pesky workers get to claw some crumbs back it's so unfair and all these people that have exploited the country for years want to take their ball home because it means they have pay a bit more to stay around.

As a pleb I don't have the means or resources to abandon a country to increase 'stakeholders' gain.
 
johnny crossan said:
What deceit? They said tax rates wouldn't rise and they didn't. The OBR is a nest of Tory vipers btw, only three of its current cadre were nominated by Reeves et al.
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Of the three people on the OBR’s leadership Committee, two are essentially civil servants who have held senior positions under both Conservative and Labour governments, while the other is an academic who conducted key reviews for the last Labour government.

A ‘nest of Tory vipers’. Such nonsense.
 
Brewster's millions said:
Of the three people on the OBR’s leadership Committee, two are essentially civil servants who have held senior positions under both Conservative and Labour governments, while the other is an academic who conducted key reviews for the last Labour government.

A ‘nest of Tory vipers’. Such nonsense.
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Quotes from TNS

"Andy Haldane – former Chief Economist at the Bank of England has condemned the OBR’s status to be the “judge, jury and prosecutor” of economic policy. Cautious, conservative, pessimistic and betrothed to a Treasury orthodoxy that has almost entirely sought restraint over renewal, the OBR ties the hand of government and arguably depoliticises the most fundamental aspect of our politics: the economy"

The OBR was born in 2010, out of the climate of political risk-aversion that became ubiquitous in the wake of the 2008 crash. Caution may help to navigate economic crises, but it also limits Britain’s capacity to rebuild after them. The low growth it engenders makes the country more vulnerable to the next crisis. Today’s world is different. Fixing the cost-of-living crisis, building much needed social and council housing and addressing inequality requires an innovative break from establishment economic orthodoxy.

In a markedly different global context, the OBR looks increasingly like a remnant of yesteryear, where austerity was presented as unavoidable. The US and China have embraced industrialisation not witnessed in decades. The EU has recognised the strategic necessity of public investment and long-term planning. Even cautious central banks have begun to acknowledge that supply-side investment is essential to economic resilience. The public want new ideas, and structural solutions: a “political” economy.

A government constrained by the OBR, can only passively tinker around the edges of an unequal society, not change it. Britain cannot be hemmed in by fiscal architecture built in the aftermath of a single crisis. The future is here. It’s time for the Chancellor to fight for the public, before she loses to the OBR."

bit more here if you fancy paying for it

www.newstatesman.com

How the OBR became the Department for Austerity

Governments should not use economic forecasts as a cover for political choices.
www.newstatesman.com www.newstatesman.com
 
johnny crossan said:
Quotes from TNS

"Andy Haldane – former Chief Economist at the Bank of England has condemned the OBR’s status to be the “judge, jury and prosecutor” of economic policy. Cautious, conservative, pessimistic and betrothed to a Treasury orthodoxy that has almost entirely sought restraint over renewal, the OBR ties the hand of government and arguably depoliticises the most fundamental aspect of our politics: the economy"

The OBR was born in 2010, out of the climate of political risk-aversion that became ubiquitous in the wake of the 2008 crash. Caution may help to navigate economic crises, but it also limits Britain’s capacity to rebuild after them. The low growth it engenders makes the country more vulnerable to the next crisis. Today’s world is different. Fixing the cost-of-living crisis, building much needed social and council housing and addressing inequality requires an innovative break from establishment economic orthodoxy.

In a markedly different global context, the OBR looks increasingly like a remnant of yesteryear, where austerity was presented as unavoidable. The US and China have embraced industrialisation not witnessed in decades. The EU has recognised the strategic necessity of public investment and long-term planning. Even cautious central banks have begun to acknowledge that supply-side investment is essential to economic resilience. The public want new ideas, and structural solutions: a “political” economy.

A government constrained by the OBR, can only passively tinker around the edges of an unequal society, not change it. Britain cannot be hemmed in by fiscal architecture built in the aftermath of a single crisis. The future is here. It’s time for the Chancellor to fight for the public, before she loses to the OBR."

bit more here if you fancy paying for it

www.newstatesman.com

How the OBR became the Department for Austerity

Governments should not use economic forecasts as a cover for political choices.
www.newstatesman.com www.newstatesman.com
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Nothing about it being a nest of Tory vipers then?

The job of the OBR is to judge the likelihood of the government hitting its fiscal mandate. It uses forecasting tools derived largely from the Treasury to do this, and offers an unbiased opinion on the likely cost of policy measures and the impact these may have on economic growth and the public finances.

It’s quite a simple concept, although making judgements around the likely trend rate of growth and how this could be improved are far from simple. But any judgements it does make are done so without political bias and without any ulterior motive.

So I’m afraid your suggestion that the OBR is intent on sabotaging the current government, and that it is staffed exclusively with Tories, is nothing more than a lefty conspiracy theory. A pretty desperate one at that.
 
I said neither of the two things contained in your absurd peroration. The UK is in a terrible economic mess as a result of people who think like you and do not have the national interest as a priority.
Wake up to the reality of our decline and look what other countries have done to arrest their own.
 
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