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Is Reeves finally reading the Runes?
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41m ago 16:22
****** Why would Labour take away the one-person discount on council tax?
Ministers have failed to deny the single-person council tax discount could be scrapped in the budget next month.
This questioner suggests it would be wrong for the government to try to claim single people have "the broadest shoulders", quoting the prime minister when he talked about possible tax rises recently.
Good news for those who would be impacted from our political correspondent Liz Bates, who says while this might be being talked about in the Treasury, "I don't think it's particularly on the cards".
Deputy political editor Sam Coates adds that such speculation always comes in the weeks ahead of a budget.
He says "the evidential base" is "quite low" that the government will do it, as it would impact many of the same people set to be hit by the winter fuel payment cut.
Liz notes the government often put ideas "out there" into the media to see if there's a "backlash" - and says if they'd done so with the winter fuel cut, perhaps they wouldn't have gone through with it. *****
SkyNews |
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The English housing survey reports 30% of households, nine million, are sole occupancy
After the controversial pensioners winter allowance grab by the treasury, I’d doubt this will be enacted
Starmer and Labour's ratings have fallen since being elected, the budget will likely be punitive.
The manifesto pledges are unaffordable and unobtainable, and everyone knows it |
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"
The manifesto pledges are unaffordable and unobtainable, and everyone knows it "
This could be easily attributed to Boris and his 40 new hospitals,HS2 and levelling up the North similar pledges in 2019..
Actually literally every single government in my adult lifetime thus far.. |
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By *otMe66Man 14 weeks ago
Terra Firma |
"I wonder who would win if they held a general election tomorrow. Lib Dems maybe."
The people would win in my opinion, I’m confident labour wouldn’t take it, however it would be the lowest turnout in history is my gut feel.
Many labour supporters have the same aura as a remorseful Brexit supporter, now the penny has dropped. |
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By *irldnCouple 14 weeks ago
Brighton |
The Times
“Rachel Reeves, the chancellor, has been given a £10 billion budget boost by the Bank of England, increasing pressure on her to ease spending cuts and tax rises.
[snip]
The Bank has been reversing the emergency quantitative easing carried out during the financial crisis by selling off the bonds it bought to bring down long-term interest rates.
In March, the Office for Budget Responsibility assumed the Bank would be carrying out about £48 billion of bond sales in the next financial year, higher than the £13 billion announced by the Bank on Thursday.
The slower pace of sales will cut the losses made from selling gilts back to the market after their price has fallen and could boost the chancellor’s fiscal headroom by £10 billion, according to figures from Goldman Sachs.” |
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By *renzMan 14 weeks ago
Between Chichester and Havant |
I'm expecting fuel to go up, it can be blamed on the green agenda.
I also expect inflation to creep back up given the current round of pay deals with more to come.
It's definitely going to get worse before it gets.....worse? |
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According to the BBC the consumer confidence measurement, which swung upwards a few months ago reflecting a growing economy has now nose dived. The actions already taken by the government and the talk of a tough budget seem to be having quite a negative effect |
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It's nothing short of a miracle that Reeves' constant whinging of a £22nb hole in public finances hasn't triggered a run on the pound nor panic bond sales. Presumably financial markets have factored-in that she is incompetent, yet wiser people work in the Treasury. |
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By *otMe66Man 13 weeks ago
Terra Firma |
I'm not sure why anyone would put any trust in this government, they are departmentally out of sync and generally out of their depth, Reeves is front and centre in that space.
I'm also finding their progress and decision making to be flawed already, I liken their progress to a tv series that shows a short but fast paced recap to get the viewer up to speed, in case they missed something.
They don't have coherent plans, they have fragmented ideas that don't come together with any sense of continuity and fold under scrutiny.
We should be concerned right now, the longterm outlook is not great in my opinion. |
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By *irldnCouple 13 weeks ago
Brighton |
"I'm not sure why anyone would put any trust in this government, they are departmentally out of sync and generally out of their depth, Reeves is front and centre in that space.
I'm also finding their progress and decision making to be flawed already, I liken their progress to a tv series that shows a short but fast paced recap to get the viewer up to speed, in case they missed something.
They don't have coherent plans, they have fragmented ideas that don't come together with any sense of continuity and fold under scrutiny.
We should be concerned right now, the longterm outlook is not great in my opinion."
I don’t disagree (based on current optics) but what makes you say that with so much certainty? |
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By *otMe66Man 13 weeks ago
Terra Firma |
"I'm not sure why anyone would put any trust in this government, they are departmentally out of sync and generally out of their depth, Reeves is front and centre in that space.
I'm also finding their progress and decision making to be flawed already, I liken their progress to a tv series that shows a short but fast paced recap to get the viewer up to speed, in case they missed something.
They don't have coherent plans, they have fragmented ideas that don't come together with any sense of continuity and fold under scrutiny.
We should be concerned right now, the longterm outlook is not great in my opinion.
I don’t disagree (based on current optics) but what makes you say that with so much certainty?"
The party is a shambles they, are not joined up at all beside defending gifts and parroting "we inherited a 22 billion blackhole.
Individual interviews Starmer, Reeves, Rayner, Streeting, Reynolds and Phillips have taken part in are very telling in how fractious it must be behind closed doors.
I can see many red flags, such as the promise of no more austerity measures for public services, that worries me greatly.
Austerity is a very negative word that the left wing used time and time again to paint a narrative, much like now.
However, the word was used to capture fiscal responsibility, and it was in place to support the country from the impact of the 2008 financial crisis.
If he has used the term no more austerity for public sector and he means it, we are going to be in for a period of great pain, for very little return.
If has used it as a phrase he knows will get people excited as it indicates removing a tory policy, he is being disingenuous! Austerity was wound down, albeit slowly after 2010 and was actually removed during and post covid.
As I have said there are many red flags. |
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