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UK Borrowing Costs
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By *otMe66Man 6 weeks ago
Terra Firma |
Inevitable, and what I’ve been saying since the budget.
The cherry on the top will come in 5 - 6 years time when the student loans need paying back that contain higher tuition fees and hike in guilt yields the government borrow the loans against, against the RPI students pay back at. |
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"Hit a 27 year high today. The extra interest payments will wipe out almost all of Rachel from Accounts tax rises, meaning more are on the way in 2025.
Surely this isn't sustainable? "
Indeed. And it's beyond recovery by any political party. It transcends politics entirely.
Regardless of who's driven the car for the past 10, 20, 30 or more years, the car is now unstoppable, going 100 mph, and about 1 inch from the Armco barrier.
Sure, various parties may have ideas to slow it down a few mph, but there's not much difference hitting the barrier at 100mph than there is at 97 mph.
I fear only one thing can avert this now and it's not pleasant. |
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Borrowing costs and gilts are higher than Liz Truss's mini-budget'
No market reaction.
Some might say this suggests the budget was cover for market manipulation in order to force her out in favour of money-man Rishi. |
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"Borrowing costs and gilts are higher than Liz Truss's mini-budget'
No market reaction.
Some might say this suggests the budget was cover for market manipulation in order to force her out in favour of money-man Rishi."
Wasn’t it because she was suggesting increased borrowing to pay for tax cuts? |
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In the face of reduced economic performance, higher inflation, higher unemployment and a likely recession
Business confidence index down last four months, reduced lending to businesses and lower investment
This chancer of the exchequer is no economist |
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"Borrowing costs and gilts are higher than Liz Truss's mini-budget'
No market reaction.
Some might say this suggests the budget was cover for market manipulation in order to force her out in favour of money-man Rishi."
Totaly false. The 10 year gilt yield under Truss maxed at 5
.14%. Which market are you referring to when you talk about "market reaction"? Just prior to ths budget, £/US$ was trading at 1.35...tonight 1.24 though largely unmoved in the same period against the Euro. |
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Not false at all. This is the current state of play:
UK’s long-term borrowing costs at highest level since 1998, wiping out chancellor’s fiscal headroom + raising prospect of more tax rises this year to stay within fiscal rules.
Investors sold UK government bonds today, driving yields on 30-year gilts by 0.08 percentage points to 5.25%, above level hit by Liz Truss mini-budget in 2022 + highest in 27 years.
Borrowing costs on more commonly issued 10-year gilts climbed to a 14-month high of 4.68%. |
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"Not false at all. This is the current state of play:
UK’s long-term borrowing costs at highest level since 1998, wiping out chancellor’s fiscal headroom + raising prospect of more tax rises this year to stay within fiscal rules.
Investors sold UK government bonds today, driving yields on 30-year gilts by 0.08 percentage points to 5.25%, above level hit by Liz Truss mini-budget in 2022 + highest in 27 years.
Borrowing costs on more commonly issued 10-year gilts climbed to a 14-month high of 4.68%."
I think we're on the same page but you did write "no market reaction". Clearly the markets are reacting.
As for the "so what?" reaction, heaven help us from Welsh innumeracy. |
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By *lfasoCouple 6 weeks ago
South East |
"Not false at all. This is the current state of play:
UK’s long-term borrowing costs at highest level since 1998, wiping out chancellor’s fiscal headroom + raising prospect of more tax rises this year to stay within fiscal rules.
Investors sold UK government bonds today, driving yields on 30-year gilts by 0.08 percentage points to 5.25%, above level hit by Liz Truss mini-budget in 2022 + highest in 27 years.
Borrowing costs on more commonly issued 10-year gilts climbed to a 14-month high of 4.68%."
Trading above 4.8% today. Highest level since Labour were last in Government. |
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"Hit a 27 year high today. The extra interest payments will wipe out almost all of Rachel from Accounts tax rises, meaning more are on the way in 2025.
Surely this isn't sustainable? "
BBC report says the extra needed in interest payments due to this rise could make the government fail its own key economic pledge around borrowing limits. But is this the new limit after they changed how borrowing levels are calculated which is much higher than before? Has she really reached that inflated limit already |
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By *otMe66Man 6 weeks ago
Terra Firma |
"Hit a 27 year high today. The extra interest payments will wipe out almost all of Rachel from Accounts tax rises, meaning more are on the way in 2025.
Surely this isn't sustainable?
BBC report says the extra needed in interest payments due to this rise could make the government fail its own key economic pledge around borrowing limits. But is this the new limit after they changed how borrowing levels are calculated which is much higher than before? Has she really reached that inflated limit already"
It was always understood that Reeves budget didn’t add up, leaving her with two options: borrowing more or raising taxes.
Labour repeatedly insisted there would be no tax rises, which led many to expect increased borrowing. This expectation played right into to rising gilt yields outcome. However, as the pressure mounted due to the rise in gilt yields, Reeves and Starmer began to backtrack, saying they can’t rule out tax rises.
They’ve effectively backed themselves into a corner through economic naivety, trying to navigate contradictory promises...
|
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"Hit a 27 year high today. The extra interest payments will wipe out almost all of Rachel from Accounts tax rises, meaning more are on the way in 2025.
Surely this isn't sustainable?
BBC report says the extra needed in interest payments due to this rise could make the government fail its own key economic pledge around borrowing limits. But is this the new limit after they changed how borrowing levels are calculated which is much higher than before? Has she really reached that inflated limit already
It was always understood that Reeves budget didn’t add up, leaving her with two options: borrowing more or raising taxes.
Labour repeatedly insisted there would be no tax rises, which led many to expect increased borrowing. This expectation played right into to rising gilt yields outcome. However, as the pressure mounted due to the rise in gilt yields, Reeves and Starmer began to backtrack, saying they can’t rule out tax rises.
They’ve effectively backed themselves into a corner through economic naivety, trying to navigate contradictory promises...
"
Grim news indeed and just been reading that the removal if winter fuel allowance will not raise what the government thought and could instead actually cost more than it saves. Pensioners that never claimed pension credit before, are now doing so in droves. Once accepted it opens up eligibility to several other benifits costing the government much more than previously which was not in the calculations declared |
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By *otMe66Man 6 weeks ago
Terra Firma |
"Hit a 27 year high today. The extra interest payments will wipe out almost all of Rachel from Accounts tax rises, meaning more are on the way in 2025.
Surely this isn't sustainable?
BBC report says the extra needed in interest payments due to this rise could make the government fail its own key economic pledge around borrowing limits. But is this the new limit after they changed how borrowing levels are calculated which is much higher than before? Has she really reached that inflated limit already
It was always understood that Reeves budget didn’t add up, leaving her with two options: borrowing more or raising taxes.
Labour repeatedly insisted there would be no tax rises, which led many to expect increased borrowing. This expectation played right into to rising gilt yields outcome. However, as the pressure mounted due to the rise in gilt yields, Reeves and Starmer began to backtrack, saying they can’t rule out tax rises.
They’ve effectively backed themselves into a corner through economic naivety, trying to navigate contradictory promises...
Grim news indeed and just been reading that the removal if winter fuel allowance will not raise what the government thought and could instead actually cost more than it saves. Pensioners that never claimed pension credit before, are now doing so in droves. Once accepted it opens up eligibility to several other benifits costing the government much more than previously which was not in the calculations declared"
we wont talk about the extra 500 people they needed to employ to manage the surge in claims.
I have a feeling that encouraging pensioners to claim for pension credit was a get out of jail card when they were put under pressure, it backfired when it was pointed out the forms were complex and not user friendly, followed by an unexpected uptake in claims. why do I think that, if they had this as part of the plan, like they said, surely the staff would have been in place before the announcement and the paperwork would have already been streamlined....
I'm not sure how many feet they have left to shoot. |
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Reeves plans will be dependant on Trump
All of her speeches and statements will be for the birds when Trump takes office. It will be an America first policy and no matter which way uk jumps, the financial implications of huge tariffs either affecting us or our neighbours will be severe. Uk exported £188bn (22% of uk exports) to the USA in 2024. Soon USA policies will focus on the USA domestic economic development not ‘special relationships’.
Uk exports to the EU market are circa £350bn (reported 42% of uk exports).
Only five new trade deals done since Brexit, so far Labour have delivered lower and negative growth, higher inflation, higher unemployment, slower pace of interest rate falls, reduced business confidence/lending/investment. Notable that the new government is very quiet and out of ideas on the economy.
Reeves will have to unpick her budget fast to prevent further damage |
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"Reeves plans will be dependant on Trump
All of her speeches and statements will be for the birds when Trump takes office. It will be an America first policy and no matter which way uk jumps, the financial implications of huge tariffs either affecting us or our neighbours will be severe. Uk exported £188bn (22% of uk exports) to the USA in 2024. Soon USA policies will focus on the USA domestic economic development not ‘special relationships’.
Uk exports to the EU market are circa £350bn (reported 42% of uk exports).
Only five new trade deals done since Brexit, so far Labour have delivered lower and negative growth, higher inflation, higher unemployment, slower pace of interest rate falls, reduced business confidence/lending/investment. Notable that the new government is very quiet and out of ideas on the economy.
Reeves will have to unpick her budget fast to prevent further damage "
Its clear Reeves has to go. The question is when Starmer realises this. |
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"
It’s clear Reeves has to go. The question is when Starmer realises this."
YouTuber (retired accountant of national
House builder) explaining new housing starts are lower for past three consecutive months. ONS will confirm this in February.
Rayners plans pissed on too. |
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"The yield on the 30-year gilt touched 5.25 per cent on Tuesday, pushing past a previous peak in October 2023 and eclipsing levels reached during the height of the market fallout from Liz Truss’s ill-fated “mini” Budget the previous year."
Will Reeves/Starmer be forced to quit the way Kwarteng/Truss were? |
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""The yield on the 30-year gilt touched 5.25 per cent on Tuesday, pushing past a previous peak in October 2023 and eclipsing levels reached during the height of the market fallout from Liz Truss’s ill-fated “mini” Budget the previous year."
Will Reeves/Starmer be forced to quit the way Kwarteng/Truss were?"
Borrowing costs will be dwarfed by the impact of recession, unemployment is already rising, more businesses closing than opening. Consumer credit balances are rising (+9.7% on 2023) reflecting the state of household finances. |
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One of the biggest red flags in macro markets - and a sign of fiscal un-anchoring - is yields up and currency down. This is happening again in the UK (the last proper time we saw this was Q4 '22... after *that* Budget). Looks ominous |
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""The yield on the 30-year gilt touched 5.25 per cent on Tuesday, pushing past a previous peak in October 2023 and eclipsing levels reached during the height of the market fallout from Liz Truss’s ill-fated “mini” Budget the previous year."
Will Reeves/Starmer be forced to quit the way Kwarteng/Truss were?
Borrowing costs will be dwarfed by the impact of recession, unemployment is already rising, more businesses closing than opening. Consumer credit balances are rising (+9.7% on 2023) reflecting the state of household finances. "
And of course the Employer NI rises not even in place yet.  |
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"One of the biggest red flags in macro markets - and a sign of fiscal un-anchoring - is yields up and currency down. This is happening again in the UK (the last proper time we saw this was Q4 '22... after *that* Budget). Looks ominous"
That graph on bbc bond explainer article does not look good
Uk borrowing @5.3%
USA 4.9%
Germany 2.7% |
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"In the face of reduced economic performance, higher inflation, higher unemployment and a likely recession
Business confidence index down last four months, reduced lending to businesses and lower investment
This chancer of the exchequer is no economist "
Rachel Reeves has a MSc in Philosophy, Politics and Economics from Oxford University and a Msc from the London School of Economics. She also worked in the Bank of England. She looks like an economist to me. |
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"In the face of reduced economic performance, higher inflation, higher unemployment and a likely recession
Business confidence index down last four months, reduced lending to businesses and lower investment
This chancer of the exchequer is no economist
Rachel Reeves has a MSc in Philosophy, Politics and Economics from Oxford University and a Msc from the London School of Economics. She also worked in the Bank of England. She looks like an economist to me. "
She's a wages clerk at best |
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"Hit a 27 year high today. The extra interest payments will wipe out almost all of Rachel from Accounts tax rises, meaning more are on the way in 2025.
Surely this isn't sustainable? "
The whole thing isn't sustainable.
Sooner or later borrow and spend has to hit the buffers.
Borrowing money to fund lavish government spending then borrowing more money to service the debt then having to borrow more and more to keep on spending and servicing more and more debt. It can't go on.
I don't single out any party or even country, the whole of the western world is living way beyond its means. Governments are chucking money around like a battleship full of d*unken sailors.
It's very easy to say "vote for me and I'll spend more on this and give extra funding for that". But eventually the money runs out and spending has to stop and taxation will spiral.
We've all been living in a fools paradise for decades and I see those buffers getting closer and closer.
Mark my words. The only question is when? |
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"In the face of reduced economic performance, higher inflation, higher unemployment and a likely recession
Business confidence index down last four months, reduced lending to businesses and lower investment
This chancer of the exchequer is no economist
Rachel Reeves has a MSc in Philosophy, Politics and Economics from Oxford University and a Msc from the London School of Economics. She also worked in the Bank of England. She looks like an economist to me. "
According to her CV that is maybe.
In the real world she worked in complaints for HBOS. |
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"In the face of reduced economic performance, higher inflation, higher unemployment and a likely recession
Business confidence index down last four months, reduced lending to businesses and lower investment
This chancer of the exchequer is no economist
Rachel Reeves has a MSc in Philosophy, Politics and Economics from Oxford University and a Msc from the London School of Economics. She also worked in the Bank of England. She looks like an economist to me. "
A career student with a work placement on the complaints handling desk. Has she denied any of this or sued the media for libel? Has she heck. She is living on borrowed money and borrowed time. |
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The Bank of England confirmed to the PA news agency that Ms Reeves worked for them during the dates on the LinkedIn page.
This includes a stint with the British Embassy in Washington DC, which was a secondment from the UK’s central bank – and which Ms Reeves talked about in a video posted to X, formerly Twitter, in August 2023.
Some of Ms Reeves’s time at the Bank can also be charted through papers she contributed to during her employment there.
In a December 2005 paper she is listed as part of the Bank’s structural economic analysis division, which matches the detail on the LinkedIn page.
She is also thanked for her contributions to a December 2001 speech by Charlie Bean, who was the Bank of England’s chief economist at the time.
|
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"The Bank of England confirmed to the PA news agency that Ms Reeves worked for them during the dates on the LinkedIn page.
This includes a stint with the British Embassy in Washington DC, which was a secondment from the UK’s central bank – and which Ms Reeves talked about in a video posted to X, formerly Twitter, in August 2023.
Some of Ms Reeves’s time at the Bank can also be charted through papers she contributed to during her employment there.
In a December 2005 paper she is listed as part of the Bank’s structural economic analysis division, which matches the detail on the LinkedIn page.
She is also thanked for her contributions to a December 2001 speech by Charlie Bean, who was the Bank of England’s chief economist at the time.
"
I don't think I'd rely on a reference from Mr Bean. |
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By *lfasoCouple 6 weeks ago
South East |
"The Bank of England confirmed to the PA news agency that Ms Reeves worked for them during the dates on the LinkedIn page.
This includes a stint with the British Embassy in Washington DC, which was a secondment from the UK’s central bank – and which Ms Reeves talked about in a video posted to X, formerly Twitter, in August 2023.
Some of Ms Reeves’s time at the Bank can also be charted through papers she contributed to during her employment there.
In a December 2005 paper she is listed as part of the Bank’s structural economic analysis division, which matches the detail on the LinkedIn page.
She is also thanked for her contributions to a December 2001 speech by Charlie Bean, who was the Bank of England’s chief economist at the time.
I don't think I'd rely on a reference from Mr Bean."
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By *otMe66Man 6 weeks ago
Terra Firma |
She has managed to take us back in time...
Austerity, anyone?
"Sterling dropped as UK 10-year borrowing costs surged to their highest level since the 2008 financial crisis when the bank borrowing almost ground to a halt".
Economics have never really never been a strong point for a labour government. |
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"The Bank of England confirmed to the PA news agency that Ms Reeves worked for them during the dates on the LinkedIn page.
This includes a stint with the British Embassy in Washington DC, which was a secondment from the UK’s central bank – and which Ms Reeves talked about in a video posted to X, formerly Twitter, in August 2023.
Some of Ms Reeves’s time at the Bank can also be charted through papers she contributed to during her employment there.
In a December 2005 paper she is listed as part of the Bank’s structural economic analysis division, which matches the detail on the LinkedIn page.
She is also thanked for her contributions to a December 2001 speech by Charlie Bean, who was the Bank of England’s chief economist at the time.
"
If she’s this good why is it all going pants |
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By *otMe66Man 6 weeks ago
Terra Firma |
"The Bank of England confirmed to the PA news agency that Ms Reeves worked for them during the dates on the LinkedIn page.
This includes a stint with the British Embassy in Washington DC, which was a secondment from the UK’s central bank – and which Ms Reeves talked about in a video posted to X, formerly Twitter, in August 2023.
Some of Ms Reeves’s time at the Bank can also be charted through papers she contributed to during her employment there.
In a December 2005 paper she is listed as part of the Bank’s structural economic analysis division, which matches the detail on the LinkedIn page.
She is also thanked for her contributions to a December 2001 speech by Charlie Bean, who was the Bank of England’s chief economist at the time.
If she’s this good why is it all going pants "
The devil is in the detail. She was an analyst for Charlie Bean, who was advising the government on economic risks leading into the 2008 financial crash. With her budget landing us in a similar position, soaring borrowing costs and a drop in sterling, it raises questions about her analysis, has it missed the mark twice.... |
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"The Bank of England confirmed to the PA news agency that Ms Reeves worked for them during the dates on the LinkedIn page.
This includes a stint with the British Embassy in Washington DC, which was a secondment from the UK’s central bank – and which Ms Reeves talked about in a video posted to X, formerly Twitter, in August 2023.
Some of Ms Reeves’s time at the Bank can also be charted through papers she contributed to during her employment there.
In a December 2005 paper she is listed as part of the Bank’s structural economic analysis division, which matches the detail on the LinkedIn page.
She is also thanked for her contributions to a December 2001 speech by Charlie Bean, who was the Bank of England’s chief economist at the time.
If she’s this good why is it all going pants
The devil is in the detail. She was an analyst for Charlie Bean, who was advising the government on economic risks leading into the 2008 financial crash. With her budget landing us in a similar position, soaring borrowing costs and a drop in sterling, it raises questions about her analysis, has it missed the mark twice...."
Clearly she’s an amateur. Bachelors and one year Masters, a floured up CV and six years at BoE in customer services does not qualify you to run £1.3trn treasury.
Silence from Labour how to stimulate the economy |
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"The Bank of England confirmed to the PA news agency that Ms Reeves worked for them during the dates on the LinkedIn page.
This includes a stint with the British Embassy in Washington DC, which was a secondment from the UK’s central bank – and which Ms Reeves talked about in a video posted to X, formerly Twitter, in August 2023.
Some of Ms Reeves’s time at the Bank can also be charted through papers she contributed to during her employment there.
In a December 2005 paper she is listed as part of the Bank’s structural economic analysis division, which matches the detail on the LinkedIn page.
She is also thanked for her contributions to a December 2001 speech by Charlie Bean, who was the Bank of England’s chief economist at the time.
If she’s this good why is it all going pants
The devil is in the detail. She was an analyst for Charlie Bean, who was advising the government on economic risks leading into the 2008 financial crash. With her budget landing us in a similar position, soaring borrowing costs and a drop in sterling, it raises questions about her analysis, has it missed the mark twice....
Clearly she’s an amateur. Bachelors and one year Masters, a floured up CV and six years at BoE in customer services does not qualify you to run £1.3trn treasury.
Silence from Labour how to stimulate the economy "
Conway syndrome. |
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By *otMe66Man 6 weeks ago
Terra Firma |
"The Bank of England confirmed to the PA news agency that Ms Reeves worked for them during the dates on the LinkedIn page.
This includes a stint with the British Embassy in Washington DC, which was a secondment from the UK’s central bank – and which Ms Reeves talked about in a video posted to X, formerly Twitter, in August 2023.
Some of Ms Reeves’s time at the Bank can also be charted through papers she contributed to during her employment there.
In a December 2005 paper she is listed as part of the Bank’s structural economic analysis division, which matches the detail on the LinkedIn page.
She is also thanked for her contributions to a December 2001 speech by Charlie Bean, who was the Bank of England’s chief economist at the time.
If she’s this good why is it all going pants
The devil is in the detail. She was an analyst for Charlie Bean, who was advising the government on economic risks leading into the 2008 financial crash. With her budget landing us in a similar position, soaring borrowing costs and a drop in sterling, it raises questions about her analysis, has it missed the mark twice....
Clearly she’s an amateur. Bachelors and one year Masters, a floured up CV and six years at BoE in customer services does not qualify you to run £1.3trn treasury.
Silence from Labour how to stimulate the economy
Conway syndrome."
undoubtably from Reeves and we are all going to pay for it.
Starmer needs to step up and replace her though the real delay might be finding anyone in Labour who actually understands how to manage a national economy |
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"
Conway syndrome.
undoubtably from Reeves and we are all going to pay for it.
Starmer needs to step up and replace her though the real delay might be finding anyone in Labour who actually understands how to manage a national economy"
The budget would need to reversed. He would not do that.
Miatta Fahnbulleh (Peckham) has a phd and employed in economic development, far more qualified than Reeves |
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Labour could have come into government prepared - their original message of being pro growth was spot on. The early talk about changes to planning processes etc is _exactly_ what we need.
The problem is that it is clear that there was nothing behind it.
I find it genuinely astonishing that they could sit there and watch the absolute car crash of the last conservative government and have literally done no home work for when they took over.
Actually I don’t find it astonishing because we are talking about politicians but the fact remains that they have no plan (with the possible exception of Wes Streeting) and they are being found out. |
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"Labour could have come into government prepared - their original message of being pro growth was spot on. The early talk about changes to planning processes etc is _exactly_ what we need.
The problem is that it is clear that there was nothing behind it.
I find it genuinely astonishing that they could sit there and watch the absolute car crash of the last conservative government and have literally done no home work for when they took over.
Actually I don’t find it astonishing because we are talking about politicians but the fact remains that they have no plan (with the possible exception of Wes Streeting) and they are being found out."
‘Vote for us on Thursday, we will hit the ground running on Friday, we have a plan to fix all this’ |
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"Labour could have come into government prepared - their original message of being pro growth was spot on. The early talk about changes to planning processes etc is _exactly_ what we need.
The problem is that it is clear that there was nothing behind it.
I find it genuinely astonishing that they could sit there and watch the absolute car crash of the last conservative government and have literally done no home work for when they took over.
Actually I don’t find it astonishing because we are talking about politicians but the fact remains that they have no plan (with the possible exception of Wes Streeting) and they are being found out."
It's because Labour focused on baying from the opposition benches instead of actually preparing for office. Perhaps they thought they be in opposition for ever - they are certainly behaving like it. |
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"Labour could have come into government prepared - their original message of being pro growth was spot on. The early talk about changes to planning processes etc is _exactly_ what we need.
The problem is that it is clear that there was nothing behind it.
I find it genuinely astonishing that they could sit there and watch the absolute car crash of the last conservative government and have literally done no home work for when they took over.
Actually I don’t find it astonishing because we are talking about politicians but the fact remains that they have no plan (with the possible exception of Wes Streeting) and they are being found out."
Three years banging on about cake will do that to you. |
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"Labour could have come into government prepared - their original message of being pro growth was spot on. The early talk about changes to planning processes etc is _exactly_ what we need.
The problem is that it is clear that there was nothing behind it.
I find it genuinely astonishing that they could sit there and watch the absolute car crash of the last conservative government and have literally done no home work for when they took over.
Actually I don’t find it astonishing because we are talking about politicians but the fact remains that they have no plan (with the possible exception of Wes Streeting) and they are being found out.
Three years banging on about cake will do that to you. "
The recession will be announced soon, possibly increased inflation again, employer NI increases to 15% from April.
On the economy, writing on the wall for this government, Starmer and Reeves are wearing dead man’s shoes. |
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"Labour could have come into government prepared - their original message of being pro growth was spot on. The early talk about changes to planning processes etc is _exactly_ what we need.
The problem is that it is clear that there was nothing behind it.
I find it genuinely astonishing that they could sit there and watch the absolute car crash of the last conservative government and have literally done no home work for when they took over.
Actually I don’t find it astonishing because we are talking about politicians but the fact remains that they have no plan (with the possible exception of Wes Streeting) and they are being found out.
Three years banging on about cake will do that to you.
The recession will be announced soon, possibly increased inflation again, employer NI increases to 15% from April.
On the economy, writing on the wall for this government, Starmer and Reeves are wearing dead man’s shoes. "
Don't forget the minimum wage going up aswell in April add ti's to the Employer NI increase and its about £5,000 per full time employed person, this is why companies don't want to hire people.
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"She has managed to take us back in time...
Austerity, anyone?
"Sterling dropped as UK 10-year borrowing costs surged to their highest level since the 2008 financial crisis when the bank borrowing almost ground to a halt".
Economics have never really never been a strong point for a labour government. "
Apparently when the conservatives were kicked out the grown ups would be in charge or so we was told. More like kinder garden every day |
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By *otMe66Man 6 weeks ago
Terra Firma |
"She has managed to take us back in time...
Austerity, anyone?
"Sterling dropped as UK 10-year borrowing costs surged to their highest level since the 2008 financial crisis when the bank borrowing almost ground to a halt".
Economics have never really never been a strong point for a labour government.
Apparently when the conservatives were kicked out the grown ups would be in charge or so we was told. More like kinder garden every day"
Rayner entered the room today in the absence of Reeves who is on her way to China with the Governor of the BoE.
It was an absolute shambles of a message! Paraphrasing...Rayner said: the economy when they took it on was in a poor shape after Truss and Rachel has done a great job of stabilising it and turning that around, and Rachel has her fiscal rules which are absolutely clear and cast iron.
I nearly fainted I was laughing so much... What planet are these jokers on! Starmer nowhere to be seen or heard on this, letting the governor of the BoE and Chancellor jet off to China when the economy is tanking and the press need to ask questions... |
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"She has managed to take us back in time...
Austerity, anyone?
"Sterling dropped as UK 10-year borrowing costs surged to their highest level since the 2008 financial crisis when the bank borrowing almost ground to a halt".
Economics have never really never been a strong point for a labour government.
Apparently when the conservatives were kicked out the grown ups would be in charge or so we was told. More like kinder garden every day
Rayner entered the room today in the absence of Reeves who is on her way to China with the Governor of the BoE.
It was an absolute shambles of a message! Paraphrasing...Rayner said: the economy when they took it on was in a poor shape after Truss and Rachel has done a great job of stabilising it and turning that around, and Rachel has her fiscal rules which are absolutely clear and cast iron.
I nearly fainted I was laughing so much... What planet are these jokers on! Starmer nowhere to be seen or heard on this, letting the governor of the BoE and Chancellor jet off to China when the economy is tanking and the press need to ask questions..."
Have to feel sorry for Rayner there, stitched up by Kier and Rachel from accounts! |
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"She has managed to take us back in time...
Austerity, anyone?
"Sterling dropped as UK 10-year borrowing costs surged to their highest level since the 2008 financial crisis when the bank borrowing almost ground to a halt".
Economics have never really never been a strong point for a labour government.
Apparently when the conservatives were kicked out the grown ups would be in charge or so we was told. More like kinder garden every day
Rayner entered the room today in the absence of Reeves who is on her way to China with the Governor of the BoE.
It was an absolute shambles of a message! Paraphrasing...Rayner said: the economy when they took it on was in a poor shape after Truss and Rachel has done a great job of stabilising it and turning that around, and Rachel has her fiscal rules which are absolutely clear and cast iron.
I nearly fainted I was laughing so much... What planet are these jokers on! Starmer nowhere to be seen or heard on this, letting the governor of the BoE and Chancellor jet off to China when the economy is tanking and the press need to ask questions...
Have to feel sorry for Rayner there, stitched up by Kier and Rachel from accounts!"
Rayner apparently left school at 16 with no qualifications and a baby. Embarrassing to listen to her and beggars belief she is deputy PM and in charge of housing delivery. |
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"She's incapable of the job, simple as that. All mouth, just like that imbecile sitting in the foreign office "
After all the derogatory personal comments Lammy has made about Trump will be interesting to see how things go with the special relationship after 20th January. |
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"Rayner apparently left school at 16 with no qualifications and a baby. Embarrassing to listen to her and beggars belief she is deputy PM and in charge of housing delivery. "
That's particularly offensive, dismissive and demeaning to a young mother who grew up in a challenging environment, and then worked her socks off in social care before going to work in Unison as a trade union officer, and then ultimately in to politics.
.
The only belief that is beggared is that despite her humble beginnings and now her lofty position, it's still not good enough for some.
.
I would counter that we need more grounded individuals in politics who have arrived from the real end of the world as opposed to a very thin wedge a select few come from. |
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"
That's particularly offensive, dismissive and demeaning to a young mother who grew up in a challenging environment, and then worked her socks off in social care before going to work in Unison as a trade union officer, and then ultimately in to politics.
.
."
We cannot get any worse than a bunch of scum, homophobic, racist, misogynistic, absolute vile … banana republic, vile, nasty, Etonian … piece of scum,” said Rayner
She is offensive I agree |
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By *otMe66Man 6 weeks ago
Terra Firma |
"Rayner apparently left school at 16 with no qualifications and a baby. Embarrassing to listen to her and beggars belief she is deputy PM and in charge of housing delivery.
That's particularly offensive, dismissive and demeaning to a young mother who grew up in a challenging environment, and then worked her socks off in social care before going to work in Unison as a trade union officer, and then ultimately in to politics.
.
The only belief that is beggared is that despite her humble beginnings and now her lofty position, it's still not good enough for some.
.
I would counter that we need more grounded individuals in politics who have arrived from the real end of the world as opposed to a very thin wedge a select few come from."
The interview reflects badly not just on Rayner, but also on the labour leadership for failing to ensure the right people were available to address questions about the economy! It is not enough to simply step in and say "some words" on something that is so important to millions of people.
She was out of her depth and totally unqualified to speak about the economy, people want to know the right people are in charge, it is a government not a union. |
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"In the face of reduced economic performance, higher inflation, higher unemployment and a likely recession
Business confidence index down last four months, reduced lending to businesses and lower investment
This chancer of the exchequer is no economist
Rachel Reeves has a MSc in Philosophy, Politics and Economics from Oxford University and a Msc from the London School of Economics. She also worked in the Bank of England. She looks like an economist to me.
She's a wages clerk at best"
That is very interesting. Is that true? Was the person in charge of The UK's economy, Chancellor of the Exchequer, Rachel Reeves, just a wages clerk?  |
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"In the face of reduced economic performance, higher inflation, higher unemployment and a likely recession
Business confidence index down last four months, reduced lending to businesses and lower investment
This chancer of the exchequer is no economist
Rachel Reeves has a MSc in Philosophy, Politics and Economics from Oxford University and a Msc from the London School of Economics. She also worked in the Bank of England. She looks like an economist to me.
She's a wages clerk at best
That is very interesting. Is that true? Was the person in charge of The UK's economy, Chancellor of the Exchequer, Rachel Reeves, just a wages clerk? "
Not a wages clerk, she worked in complaints for HBOS.  |
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Yes they have really screwed up the economy . It was running like a Swiss watch before Labour took over with no debt ,full employment, the NHS managed properly, an immigration policy on which we all were happy . They deserve all the blame that we heap on them . Oh shit wait it was record level debt ,an immigration policy no one liked and failure everywhere we looked under the more than decade long Tory governments |
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By *otMe66Man 5 weeks ago
Terra Firma |
" Yes they have really screwed up the economy . It was running like a Swiss watch before Labour took over with no debt ,full employment, the NHS managed properly, an immigration policy on which we all were happy . They deserve all the blame that we heap on them . Oh shit wait it was record level debt ,an immigration policy no one liked and failure everywhere we looked under the more than decade long Tory governments "
Nothing like a dose of whataboutery and factually inaccuracies to placate the awful mess this government has made so quickly, and with further hardships on the way.
It takes a special kind of incompetence to take a rising economy and send it back to a place we thought we had escaped 2008, but they have done it in just 6 months with Reeves's budget and Labours overspending.
We do not deserve this!
|
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"Rachel Reeves says she has ‘iron grip’ on finances
She meant "french fancies", she has never been very clear on her role. "
J'aime les petits gateaux jaunes.
School French lol, I like the yellow ones. |
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"Rayner apparently left school at 16 with no qualifications and a baby. Embarrassing to listen to her and beggars belief she is deputy PM and in charge of housing delivery.
That's particularly offensive, dismissive and demeaning to a young mother who grew up in a challenging environment, and then worked her socks off in social care before going to work in Unison as a trade union officer, and then ultimately in to politics.
.
The only belief that is beggared is that despite her humble beginnings and now her lofty position, it's still not good enough for some.
.
I would counter that we need more grounded individuals in politics who have arrived from the real end of the world as opposed to a very thin wedge a select few come from."
Well said |
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I find it laughable yet worrying. Labour supporters refer to Truss wrecking the economy (justifiably in my opinion), the Tories attempt to deflect and defend. Reeves has done much the same thing, the Tories are up in arms about it yet the the Labour supporters are defensive. One day, UK politicians will discover that great trait of honesty and we might just move forward. Until then, I look forward to living elsewhere where decency is the norm |
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"It feels a bit like people in here want public services to be run properly but don't want tax rises, austerity or government borrowing. "
For me I don't mind a rise in taxation but want to see improvement to local services. Things like HS2 should be a small percentage of what is contributed. |
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"It feels a bit like people in here want public services to be run properly but don't want tax rises, austerity or government borrowing.
For me I don't mind a rise in taxation but want to see improvement to local services. Things like HS2 should be a small percentage of what is contributed. "
This mentality of always having your wallet open for government to take more away from you is making us all poor. Have you been to Dubai mate, they have top notch services, no to low taxes.have you been to US..no free healthcare ..so everyone has to work to pay for the insurance..that means more people in work..who understand the value of money and hard work…helps society from being work shy to pro work..have you checked how many work shy people are here in UK? Stats are available…additionally hate for wealthy who pay more in taxes, is driving them away almost 10k millionaire have left the country..so those who paid more £ in taxes are no longer a tax payer in this country …and people like you think by us opening our wallet for government can fill that gap?? Don’t help creating the freeloader economy..where people don’t understand the importance of money, health and education. If Britain becomes the 51st or 52nd state of US..it will
Be the poorest state, even poorer than existing poorest state in US.. |
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"It feels a bit like people in here want public services to be run properly but don't want tax rises, austerity or government borrowing.
For me I don't mind a rise in taxation but want to see improvement to local services. Things like HS2 should be a small percentage of what is contributed.
This mentality of always having your wallet open for government to take more away from you is making us all poor. Have you been to Dubai mate, they have top notch services, no to low taxes.have you been to US..no free healthcare ..so everyone has to work to pay for the insurance..that means more people in work..who understand the value of money and hard work…helps society from being work shy to pro work..have you checked how many work shy people are here in UK? Stats are available…additionally hate for wealthy who pay more in taxes, is driving them away almost 10k millionaire have left the country..so those who paid more £ in taxes are no longer a tax payer in this country …and people like you think by us opening our wallet for government can fill that gap?? Don’t help creating the freeloader economy..where people don’t understand the importance of money, health and education. If Britain becomes the 51st or 52nd state of US..it will
Be the poorest state, even poorer than existing poorest state in US.."
Only been through Dubai but been to US lots, the streets are full of drugs and homeless.
And if we want better schools and health it will need to be paid for. I have just had a procedure done private as NHS would not look at it.
My tax liability is small thankfully but will increase in April?? |
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"It feels a bit like people in here want public services to be run properly but don't want tax rises, austerity or government borrowing.
For me I don't mind a rise in taxation but want to see improvement to local services. Things like HS2 should be a small percentage of what is contributed.
This mentality of always having your wallet open for government to take more away from you is making us all poor. Have you been to Dubai mate, they have top notch services, no to low taxes.have you been to US..no free healthcare ..so everyone has to work to pay for the insurance..that means more people in work..who understand the value of money and hard work…helps society from being work shy to pro work..have you checked how many work shy people are here in UK? Stats are available…additionally hate for wealthy who pay more in taxes, is driving them away almost 10k millionaire have left the country..so those who paid more £ in taxes are no longer a tax payer in this country …and people like you think by us opening our wallet for government can fill that gap?? Don’t help creating the freeloader economy..where people don’t understand the importance of money, health and education. If Britain becomes the 51st or 52nd state of US..it will
Be the poorest state, even poorer than existing poorest state in US.."
Some good points.
I always find it strange when people go on about better or more services from government.
Why do we need governments to provide everything?
Of course there are basic services and they are rightly funded by national or local government.
But nowadays every pet project of every politician with a drum to bang gets lumped into being a needed service. The reality is that a hell of a lot are just vanity projects that we could all do without. HS2 being the biggest vanity project in British history closely followed by two useless aircraft carriers.
When it comes to tax and services there are only two types of people. Tax creators and tax consumers.
The private sector creates tax and the public sector consumes it. More "services" means more public sector, which means more tax has to be found to pay for it. Either that or add it to the burgeoning national debt.
Someone eventually has to say "we are spending too much".
It's easy to say tax the rich, but who are these "rich"? And when you have taxed them into being poor, then what? But of course that will never happen. When tax gets above a certain level the very rich will vote with their feet, as many are now doing. From those people what used to be some tax is now no tax and, as always, it will be the squeezed middle that has to pick up the tab.
By all means sort out the NHS but I mean sort it out properly, not just chuck bucket loads of money at it and get little or nothing in return.
Ditto defence where spending probably has to increase but a good start would be to flog off the aircraft carriers and think about a missile defence system. If Putin did decide to launch one at London we've got absolutely zero counter measures.
But ultimately we have to get people working in productive jobs again. Jobs that create rather than consume tax. Then maybe look at some of the other services and pet projects.
However I don't see much (if any) encouragement from Starmer and Reeves in that direction. They are more keen on slicing a shrinking cake into ever smaller slices.
|
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" Yes they have really screwed up the economy . It was running like a Swiss watch before Labour took over with no debt ,full employment, the NHS managed properly, an immigration policy on which we all were happy . They deserve all the blame that we heap on them . Oh shit wait it was record level debt ,an immigration policy no one liked and failure everywhere we looked under the more than decade long Tory governments "
you nailed it! |
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"It feels a bit like people in here want public services to be run properly but don't want tax rises, austerity or government borrowing.
For me I don't mind a rise in taxation but want to see improvement to local services. Things like HS2 should be a small percentage of what is contributed.
This mentality of always having your wallet open for government to take more away from you is making us all poor. Have you been to Dubai mate, they have top notch services, no to low taxes.have you been to US..no free healthcare ..so everyone has to work to pay for the insurance..that means more people in work..who understand the value of money and hard work…helps society from being work shy to pro work..have you checked how many work shy people are here in UK? Stats are available…additionally hate for wealthy who pay more in taxes, is driving them away almost 10k millionaire have left the country..so those who paid more £ in taxes are no longer a tax payer in this country …and people like you think by us opening our wallet for government can fill that gap?? Don’t help creating the freeloader economy..where people don’t understand the importance of money, health and education. If Britain becomes the 51st or 52nd state of US..it will
Be the poorest state, even poorer than existing poorest state in US..
Some good points.
I always find it strange when people go on about better or more services from government.
Why do we need governments to provide everything?
Of course there are basic services and they are rightly funded by national or local government.
But nowadays every pet project of every politician with a drum to bang gets lumped into being a needed service. The reality is that a hell of a lot are just vanity projects that we could all do without. HS2 being the biggest vanity project in British history closely followed by two useless aircraft carriers.
When it comes to tax and services there are only two types of people. Tax creators and tax consumers.
The private sector creates tax and the public sector consumes it. More "services" means more public sector, which means more tax has to be found to pay for it. Either that or add it to the burgeoning national debt.
Someone eventually has to say "we are spending too much".
It's easy to say tax the rich, but who are these "rich"? And when you have taxed them into being poor, then what? But of course that will never happen. When tax gets above a certain level the very rich will vote with their feet, as many are now doing. From those people what used to be some tax is now no tax and, as always, it will be the squeezed middle that has to pick up the tab.
By all means sort out the NHS but I mean sort it out properly, not just chuck bucket loads of money at it and get little or nothing in return.
Ditto defence where spending probably has to increase but a good start would be to flog off the aircraft carriers and think about a missile defence system. If Putin did decide to launch one at London we've got absolutely zero counter measures.
But ultimately we have to get people working in productive jobs again. Jobs that create rather than consume tax. Then maybe look at some of the other services and pet projects.
However I don't see much (if any) encouragement from Starmer and Reeves in that direction. They are more keen on slicing a shrinking cake into ever smaller slices.
"
So your not looking for a better Poice force, prison service, cleaner roads, rubbish collection and rebuilding schools and education.
Education has to be the best way to get people in to jobs. Wether educating children or adults on benifits. |
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"It feels a bit like people in here want public services to be run properly but don't want tax rises, austerity or government borrowing.
For me I don't mind a rise in taxation but want to see improvement to local services. Things like HS2 should be a small percentage of what is contributed.
This mentality of always having your wallet open for government to take more away from you is making us all poor. Have you been to Dubai mate, they have top notch services, no to low taxes.have you been to US..no free healthcare ..so everyone has to work to pay for the insurance..that means more people in work..who understand the value of money and hard work…helps society from being work shy to pro work..have you checked how many work shy people are here in UK? Stats are available…additionally hate for wealthy who pay more in taxes, is driving them away almost 10k millionaire have left the country..so those who paid more £ in taxes are no longer a tax payer in this country …and people like you think by us opening our wallet for government can fill that gap?? Don’t help creating the freeloader economy..where people don’t understand the importance of money, health and education. If Britain becomes the 51st or 52nd state of US..it will
Be the poorest state, even poorer than existing poorest state in US..
Some good points.
I always find it strange when people go on about better or more services from government.
Why do we need governments to provide everything?
Of course there are basic services and they are rightly funded by national or local government.
But nowadays every pet project of every politician with a drum to bang gets lumped into being a needed service. The reality is that a hell of a lot are just vanity projects that we could all do without. HS2 being the biggest vanity project in British history closely followed by two useless aircraft carriers.
When it comes to tax and services there are only two types of people. Tax creators and tax consumers.
The private sector creates tax and the public sector consumes it. More "services" means more public sector, which means more tax has to be found to pay for it. Either that or add it to the burgeoning national debt.
Someone eventually has to say "we are spending too much".
It's easy to say tax the rich, but who are these "rich"? And when you have taxed them into being poor, then what? But of course that will never happen. When tax gets above a certain level the very rich will vote with their feet, as many are now doing. From those people what used to be some tax is now no tax and, as always, it will be the squeezed middle that has to pick up the tab.
By all means sort out the NHS but I mean sort it out properly, not just chuck bucket loads of money at it and get little or nothing in return.
Ditto defence where spending probably has to increase but a good start would be to flog off the aircraft carriers and think about a missile defence system. If Putin did decide to launch one at London we've got absolutely zero counter measures.
But ultimately we have to get people working in productive jobs again. Jobs that create rather than consume tax. Then maybe look at some of the other services and pet projects.
However I don't see much (if any) encouragement from Starmer and Reeves in that direction. They are more keen on slicing a shrinking cake into ever smaller slices.
So your not looking for a better Poice force, prison service, cleaner roads, rubbish collection and rebuilding schools and education.
Education has to be the best way to get people in to jobs. Wether educating children or adults on benifits. "
"Of course there are basic services and they are rightly funded by national or local government".
I think that paragraph covers those. |
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"It feels a bit like people in here want public services to be run properly but don't want tax rises, austerity or government borrowing.
For me I don't mind a rise in taxation but want to see improvement to local services. Things like HS2 should be a small percentage of what is contributed.
This mentality of always having your wallet open for government to take more away from you is making us all poor. Have you been to Dubai mate, they have top notch services, no to low taxes.have you been to US..no free healthcare ..so everyone has to work to pay for the insurance..that means more people in work..who understand the value of money and hard work…helps society from being work shy to pro work..have you checked how many work shy people are here in UK? Stats are available…additionally hate for wealthy who pay more in taxes, is driving them away almost 10k millionaire have left the country..so those who paid more £ in taxes are no longer a tax payer in this country …and people like you think by us opening our wallet for government can fill that gap?? Don’t help creating the freeloader economy..where people don’t understand the importance of money, health and education. If Britain becomes the 51st or 52nd state of US..it will
Be the poorest state, even poorer than existing poorest state in US..
Only been through Dubai but been to US lots, the streets are full of drugs and homeless.
And if we want better schools and health it will need to be paid for. I have just had a procedure done private as NHS would not look at it.
My tax liability is small thankfully but will increase in April??"
I cannot argue with you as we are at very different levels of taxation - I pay £££ k in taxes from my personal income - how much extra you want me to pay?? I don’t need NHS as I have private insurance, don’t need more policing, it’s good enough, don’t need anything from the government…not a single penny…with your mindset, you elect people like you who are destroying everything in this country…seriously thinking of moving to UAE and pay 0 tax…my £££ k charity is going to be over soon…good luck
wealth haters |
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"Hit a 27 year high today. The extra interest payments will wipe out almost all of Rachel from Accounts tax rises, meaning more are on the way in 2025.
Surely this isn't sustainable? "
You are quite right. This is not sustainable… but how would you counter the problem and who do you blame for this problem ? |
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"It feels a bit like people in here want public services to be run properly but don't want tax rises, austerity or government borrowing.
For me I don't mind a rise in taxation but want to see improvement to local services. Things like HS2 should be a small percentage of what is contributed.
This mentality of always having your wallet open for government to take more away from you is making us all poor. Have you been to Dubai mate, they have top notch services, no to low taxes.have you been to US..no free healthcare ..so everyone has to work to pay for the insurance..that means more people in work..who understand the value of money and hard work…helps society from being work shy to pro work..have you checked how many work shy people are here in UK? Stats are available…additionally hate for wealthy who pay more in taxes, is driving them away almost 10k millionaire have left the country..so those who paid more £ in taxes are no longer a tax payer in this country …and people like you think by us opening our wallet for government can fill that gap?? Don’t help creating the freeloader economy..where people don’t understand the importance of money, health and education. If Britain becomes the 51st or 52nd state of US..it will
Be the poorest state, even poorer than existing poorest state in US..
Only been through Dubai but been to US lots, the streets are full of drugs and homeless.
And if we want better schools and health it will need to be paid for. I have just had a procedure done private as NHS would not look at it.
My tax liability is small thankfully but will increase in April??
I cannot argue with you as we are at very different levels of taxation - I pay £££ k in taxes from my personal income - how much extra you want me to pay?? I don’t need NHS as I have private insurance, don’t need more policing, it’s good enough, don’t need anything from the government…not a single penny…with your mindset, you elect people like you who are destroying everything in this country…seriously thinking of moving to UAE and pay 0 tax…my £££ k charity is going to be over soon…good luck
wealth haters "
Have you been to the US and ventured away from you 100k tax style life and actual visited areas where there is no work… no work to pay for the health insurance for that poor little girl who has diabetes and each time she spikes she get closer to dying at a very early stage. No money to pay for the insurance that the man needs who broke his arm. No insurance cover to rebuild the middle suburbs of LA.
You are seriously a wise monkey if you feel the good old USA is what you claim. |
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"It feels a bit like people in here want public services to be run properly but don't want tax rises, austerity or government borrowing.
For me I don't mind a rise in taxation but want to see improvement to local services. Things like HS2 should be a small percentage of what is contributed.
This mentality of always having your wallet open for government to take more away from you is making us all poor. Have you been to Dubai mate, they have top notch services, no to low taxes.have you been to US..no free healthcare ..so everyone has to work to pay for the insurance..that means more people in work..who understand the value of money and hard work…helps society from being work shy to pro work..have you checked how many work shy people are here in UK? Stats are available…additionally hate for wealthy who pay more in taxes, is driving them away almost 10k millionaire have left the country..so those who paid more £ in taxes are no longer a tax payer in this country …and people like you think by us opening our wallet for government can fill that gap?? Don’t help creating the freeloader economy..where people don’t understand the importance of money, health and education. If Britain becomes the 51st or 52nd state of US..it will
Be the poorest state, even poorer than existing poorest state in US..
Only been through Dubai but been to US lots, the streets are full of drugs and homeless.
And if we want better schools and health it will need to be paid for. I have just had a procedure done private as NHS would not look at it.
My tax liability is small thankfully but will increase in April??
I cannot argue with you as we are at very different levels of taxation - I pay £££ k in taxes from my personal income - how much extra you want me to pay?? I don’t need NHS as I have private insurance, don’t need more policing, it’s good enough, don’t need anything from the government…not a single penny…with your mindset, you elect people like you who are destroying everything in this country…seriously thinking of moving to UAE and pay 0 tax…my £££ k charity is going to be over soon…good luck
wealth haters "
Defenatly not a wealth hater just think letting out prisoners early as there is no space is more important than HS2.
If you can't find a way to reduce your Tax liability, then moving could be a good option for you.
I'm like most work hard play hard but also work at reducing my Overal tax as believe its miss spent.
So if you could see better roads, cleaner streets etc would you not feel better about where you Tax goes.
|
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"It feels a bit like people in here want public services to be run properly but don't want tax rises, austerity or government borrowing.
For me I don't mind a rise in taxation but want to see improvement to local services. Things like HS2 should be a small percentage of what is contributed.
This mentality of always having your wallet open for government to take more away from you is making us all poor. Have you been to Dubai mate, they have top notch services, no to low taxes.have you been to US..no free healthcare ..so everyone has to work to pay for the insurance..that means more people in work..who understand the value of money and hard work…helps society from being work shy to pro work..have you checked how many work shy people are here in UK? Stats are available…additionally hate for wealthy who pay more in taxes, is driving them away almost 10k millionaire have left the country..so those who paid more £ in taxes are no longer a tax payer in this country …and people like you think by us opening our wallet for government can fill that gap?? Don’t help creating the freeloader economy..where people don’t understand the importance of money, health and education. If Britain becomes the 51st or 52nd state of US..it will
Be the poorest state, even poorer than existing poorest state in US..
Only been through Dubai but been to US lots, the streets are full of drugs and homeless.
And if we want better schools and health it will need to be paid for. I have just had a procedure done private as NHS would not look at it.
My tax liability is small thankfully but will increase in April??
I cannot argue with you as we are at very different levels of taxation - I pay £££ k in taxes from my personal income - how much extra you want me to pay?? I don’t need NHS as I have private insurance, don’t need more policing, it’s good enough, don’t need anything from the government…not a single penny…with your mindset, you elect people like you who are destroying everything in this country…seriously thinking of moving to UAE and pay 0 tax…my £££ k charity is going to be over soon…good luck
wealth haters "
Would love to know how you health cover is with as I could not find any in the UK that cover A&E and there are know 0 private ambulance at the end of the 999 line. So on that one you would join the queue. Like the rest. |
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"It feels a bit like people in here want public services to be run properly but don't want tax rises, austerity or government borrowing.
For me I don't mind a rise in taxation but want to see improvement to local services. Things like HS2 should be a small percentage of what is contributed.
This mentality of always having your wallet open for government to take more away from you is making us all poor. Have you been to Dubai mate, they have top notch services, no to low taxes.have you been to US..no free healthcare ..so everyone has to work to pay for the insurance..that means more people in work..who understand the value of money and hard work…helps society from being work shy to pro work..have you checked how many work shy people are here in UK? Stats are available…additionally hate for wealthy who pay more in taxes, is driving them away almost 10k millionaire have left the country..so those who paid more £ in taxes are no longer a tax payer in this country …and people like you think by us opening our wallet for government can fill that gap?? Don’t help creating the freeloader economy..where people don’t understand the importance of money, health and education. If Britain becomes the 51st or 52nd state of US..it will
Be the poorest state, even poorer than existing poorest state in US..
Only been through Dubai but been to US lots, the streets are full of drugs and homeless.
And if we want better schools and health it will need to be paid for. I have just had a procedure done private as NHS would not look at it.
My tax liability is small thankfully but will increase in April??
I cannot argue with you as we are at very different levels of taxation - I pay £££ k in taxes from my personal income - how much extra you want me to pay?? I don’t need NHS as I have private insurance, don’t need more policing, it’s good enough, don’t need anything from the government…not a single penny…with your mindset, you elect people like you who are destroying everything in this country…seriously thinking of moving to UAE and pay 0 tax…my £££ k charity is going to be over soon…good luck
wealth haters
Would love to know how you health cover is with as I could not find any in the UK that cover A&E and there are know 0 private ambulance at the end of the 999 line. So on that one you would join the queue. Like the rest."
Just remove Head of Equality Diversity and inclusion roles, NHS would end up saving at least 5/8mil a year…use it to improve the service. Why am I paying £££ k just to use A&E? Dude you don’t know how much wastage of money is there in NHS.
Too many people skimming the system with mental health problems, newspapers call them sickfluencers …numbers are unbelievable.
Make NHS private for 24 -50 years old for at least 3 yrs, and you would see British productivity going up, many people would come off the benefits system and back to work, earning money to pay for the insurance cost. Contributing back to GDP.
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UK government borrowing jumped unexpectedly to £17.8bn last month, piling pressure on Rachel Reeves to plan budget cuts before a spending review in the summer.
The figure was about a quarter higher than the City had forecast and was up by £10.1bn more than in the same month a year earlier, making it the highest December borrowing for four years. (Cut and paste from todays guardian) |
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By *otMe66Man 4 weeks ago
Terra Firma |
"UK government borrowing jumped unexpectedly to £17.8bn last month, piling pressure on Rachel Reeves to plan budget cuts before a spending review in the summer.
The figure was about a quarter higher than the City had forecast and was up by £10.1bn more than in the same month a year earlier, making it the highest December borrowing for four years. (Cut and paste from todays guardian) "
For anyone following events this was expected, and I can't see how Reeves is ever going to live up to the promise of no further tax hikes or borrowing.
It only leaves them 1 option and that is spending cuts, if they haven't stabilised the economy by the summer spending review.
Starmer is the weak link in this, we witnessed his reluctance to get rid of Tulip Siddiq even though the accusations were known. He is travelling the same path with Reeves, she is seemingly out of her depth and has the nations future dripping though her fingers.
His lack of direct and decisive action will be his inevitable downfall. |
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Anyone watched yesterday’s Trump public announcements - 500 billion dollars commitment from investors like SoftBank and other private investors…why cannot Britain come up with something like this? Because we have extreme left and woke government, feeding us all to live in poverty and austerity..rather than progress, meritocracy, achievements, growth..build big..houses, Infra and bring smartest people across the globe by giving them incentives… |
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"Anyone watched yesterday’s Trump public announcements - 500 billion dollars commitment from investors like SoftBank and other private investors…why cannot Britain come up with something like this? Because we have extreme left and woke government, feeding us all to live in poverty and austerity..rather than progress, meritocracy, achievements, growth..build big..houses, Infra and bring smartest people across the globe by giving them incentives…"
US debt per capita $85,552.
$33,000,000,000,000 sovereign debt
DJI near highest @44k
UK debt per capita $48,770 (£39600)
£2,591,000,000,000 sovereign debt
FTSE at virtual highest ever @8.5k
Not sure what this says for UK that Starmer has been talking down for six months. In contrast to Trump America first |
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By *otMe66Man 4 weeks ago
Terra Firma |
"Anyone watched yesterday’s Trump public announcements - 500 billion dollars commitment from investors like SoftBank and other private investors…why cannot Britain come up with something like this? Because we have extreme left and woke government, feeding us all to live in poverty and austerity..rather than progress, meritocracy, achievements, growth..build big..houses, Infra and bring smartest people across the globe by giving them incentives…
US debt per capita $85,552.
$33,000,000,000,000 sovereign debt
DJI near highest @44k
UK debt per capita $48,770 (£39600)
£2,591,000,000,000 sovereign debt
FTSE at virtual highest ever @8.5k
Not sure what this says for UK that Starmer has been talking down for six months. In contrast to Trump America first "
The difference in these figures are based on the ability to manufacture and export. The UK is lagging well behind in that area and if Trump is remotely successful in increasing manufacturing output through tariffs, those figures per capita will change dramatically. The ability to pay back is their strength with an economy that is far larger, diversified, and is underpinned by the dollar as the global reserve currency. |
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"UK government borrowing jumped unexpectedly to £17.8bn last month, piling pressure on Rachel Reeves to plan budget cuts before a spending review in the summer.
The figure was about a quarter higher than the City had forecast and was up by £10.1bn more than in the same month a year earlier, making it the highest December borrowing for four years. (Cut and paste from todays guardian)
For anyone following events this was expected, and I can't see how Reeves is ever going to live up to the promise of no further tax hikes or borrowing.
It only leaves them 1 option and that is spending cuts, if they haven't stabilised the economy by the summer spending review.
Starmer is the weak link in this, we witnessed his reluctance to get rid of Tulip Siddiq even though the accusations were known. He is travelling the same path with Reeves, she is seemingly out of her depth and has the nations future dripping though her fingers.
His lack of direct and decisive action will be his inevitable downfall. "
Spending cuts would be the only option left unless they break their manifesto pledge which they have recently reinforced. However it also comes at political cost. They lambasted the previous government for spending cuts so it won't look good to do the same. Possibly they will dress it up and call it some thing like financial realignment, but doubt many will be fooled |
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"Anyone watched yesterday’s Trump public announcements - 500 billion dollars commitment from investors like SoftBank and other private investors…why cannot Britain come up with something like this? Because we have extreme left and woke government, feeding us all to live in poverty and austerity..rather than progress, meritocracy, achievements, growth..build big..houses, Infra and bring smartest people across the globe by giving them incentives…"
It doesn't matter if its left or right wing government or anything in between, if the leaders constantly talk the country down, don't expect business to be overly attracted to investing in it. |
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"Anyone watched yesterday’s Trump public announcements - 500 billion dollars commitment from investors like SoftBank and other private investors…why cannot Britain come up with something like this? Because we have extreme left and woke government, feeding us all to live in poverty and austerity..rather than progress, meritocracy, achievements, growth..build big..houses, Infra and bring smartest people across the globe by giving them incentives…
It doesn't matter if its left or right wing government or anything in between, if the leaders constantly talk the country down, don't expect business to be overly attracted to investing in it."
Who elect these people - us, right? So until we all whites, blacks browns and others coloured British don’t change our mindset to support politicians
who are pro growth, not wealth hater, supporter of meritocracy over DEI, open to bring intelligent people across the globe, supporter of lower personal taxes, we will be served with the same recipe again in 4 yrs time. |
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Reeves is in denial
The Institute of Directors’ Economic Confidence Index, which measures business leader optimism in prospects for the UK economy, fell to -65 in November 2024 from -52 in October and for the fourth month running.
This brings business confidence in the wider UK economy to close to its record low, in April 2020 (-69) at the onset of the Covid pandemic, and marks the second lowest reading of the Index since it began in July 2016.
Business leader confidence in their own organisations also fell from +2 in October to -7 in November, the lowest since May 2020 (-8).
This drop in confidence is also reflected in the underlying indicators:
Investment intentions fell to -27, down from -15 in October, the lowest reading since May 2020 (-43).
Headcount expectations continued to decline, reaching -24 in November, from -4 in October, the lowest point since May 2020 (-33).
Export intentions declined to +2 in November, from +6 in October – the lowest reading of this indicator since its introduction in April 2023.
Revenue expectations fell to +4 in November from +15 in October, the lowest reading since October 2020 (-8).
Wage expectations dropped to +21 from +47 in October, its lowest reading since November 2020 (+19). |
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The only thing that I have seen where she is correct is that she has stated growth is more important than this net zero nonsense.
However, you will not get growth by taxing the hell out of businesses and giving that money to the public sector.
She really is out of her depth. Labour desperation to have a woman in a very senior position (obviously they couldn’t have a woman leader…) has massively backfired!
Just put the best person in the job, no matter what their gender. However, that being said, Reeves is useless but that is not down to her gender. |
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"The only thing that I have seen where she is correct is that she has stated growth is more important than this net zero nonsense.
"
Lightbulb moment?
If she want's growth then she should tell the unhinged lunatic (Milliband) where to get off and drill baby drill. |
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By *otMe66Man 4 weeks ago
Terra Firma |
"The only thing that I have seen where she is correct is that she has stated growth is more important than this net zero nonsense.
Lightbulb moment?
If she want's growth then she should tell the unhinged lunatic (Milliband) where to get off and drill baby drill. "
She really has done that on the world stage growth over Net Zero, contradicting labour pledges and direction, whilst showing how fractured the internal labour team are.
This is not the first time she has done this, she rubbished the legislation of Reynolds and the party who wanted to drive working from home, she said she doesn't believe in that and she wanted all her staff in the office.
Let her go Starmer, let her go. |
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"The only thing that I have seen where she is correct is that she has stated growth is more important than this net zero nonsense.
Lightbulb moment?
If she want's growth then she should tell the unhinged lunatic (Milliband) where to get off and drill baby drill. "
Regarding this; does anyone know the availability of oil, gas in The UK?
From what I've read, the UK has shale gas but located in/near populated areas, so the impact on environment is a more severe risk than the US, & that the reserves are low vs. other nations...open to correction though!
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"The only thing that I have seen where she is correct is that she has stated growth is more important than this net zero nonsense.
Lightbulb moment?
If she want's growth then she should tell the unhinged lunatic (Milliband) where to get off and drill baby drill.
Regarding this; does anyone know the availability of oil, gas in The UK?
From what I've read, the UK has shale gas but located in/near populated areas, so the impact on environment is a more severe risk than the US, & that the reserves are low vs. other nations...open to correction though!
"
I'm not up to date but from memory North Sea oil and gas is diminishing but there's still quite a bit left.
Morecambe Bay is still producing good amounts of gas but it's past its peak.
In Lancashire it is estimated that there is 200 trillion cubic metres of shale gas of which 10-20% could be recovered.
At peak production it would provide over 5000 jobs and produce £6 billion year year in revenue for around 30 years. That is just for Lancashire there is quite a bit more in southern England.
Not to be sniffed at Rachel.
The earth tremor scare has been pretty much debunked. While small tremors did occur during test fracking no-one actually felt one. They only showed up on very sensitive monitoring equipment.
Oh and before anyone starts going on about flaming taps in America. That little stunt was debunked years ago.
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I don’t agree that taxpayers should be funding ‘free’ breakfast clubs for all primary school children in England.
If you don’t agree, fine, but I think it’s truly unfair on taxpayers across the country.
parents should feed their children. Help is already available for those who need it. We shouldn’t have universal breakfast clubs for all primary children, paid for by taxpayers.
Parents role should not finish after bringing child on this planet -Education must be free for all, not Health and Food, this is why all have to work to maintain and bring food on the table.
In my opinion because everything is free in this country on taxpayers money, many don’t understand the importance of anything, another reason why we have so many freeloaders. |
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"I don’t agree that taxpayers should be funding ‘free’ breakfast clubs for all primary school children in England.
If you don’t agree, fine, but I think it’s truly unfair on taxpayers across the country.
parents should feed their children. Help is already available for those who need it. We shouldn’t have universal breakfast clubs for all primary children, paid for by taxpayers.
Parents role should not finish after bringing child on this planet -Education must be free for all, not Health and Food, this is why all have to work to maintain and bring food on the table.
In my opinion because everything is free in this country on taxpayers money, many don’t understand the importance of anything, another reason why we have so many freeloaders. "
Am in agreement if you can't afford children, or for that anything in life you should think before having or getting it.
But at the same time the birth rate I the UK is at an all time low. So do you incurage people to have children, or alow imitation to fill jobs.
The other problem is if your on benefits how do yiu control them having more children. And when sumone has been on benefits how do you get them off benefit. For me if there not in volunteer work or adult education the benefits should be reduced. Unless there is a valid reason. |
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By (user no longer on site) 4 weeks ago
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"I don’t agree that taxpayers should be funding ‘free’ breakfast clubs for all primary school children in England.
If you don’t agree, fine, but I think it’s truly unfair on taxpayers across the country.
parents should feed their children. Help is already available for those who need it. We shouldn’t have universal breakfast clubs for all primary children, paid for by taxpayers.
Parents role should not finish after bringing child on this planet -Education must be free for all, not Health and Food, this is why all have to work to maintain and bring food on the table.
In my opinion because everything is free in this country on taxpayers money, many don’t understand the importance of anything, another reason why we have so many freeloaders. "
‘Breakfast clubs’ aren’t about breakfast for many - they’re about dropping kids somewhere safe so that parents can go to work on time. They weren’t necessary until recent generations as one parent could typically stay at home and the family still get by. |
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"3000 job cuts announced by Sainsbury’s.
Doesn’t look like Reeves is a success yet
Yep and not even April yet, when the new measures take effect"
And that's posably another 3000 on benefits. Ant not paying Tax or Ni
How will be next ASDA?
All companies with large work forces will stop hiring and save money. |
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By (user no longer on site) 4 weeks ago
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"Trump wants 5% gdp on nato or prospect of tariffs
How will uk afford this.
5% should be a minimum. "
What services are you cutting? Or how much are you raising taxes? |
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"Trump wants 5% gdp on nato or prospect of tariffs
How will uk afford this.
5% should be a minimum.
What services are you cutting? Or how much are you raising taxes? "
How much do you want your freedom? |
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"Trump wants 5% gdp on nato or prospect of tariffs
How will uk afford this.
5% should be a minimum.
What services are you cutting? Or how much are you raising taxes?
How much do you want your freedom?"
Surly this should also be about what each nation brings to NATO.
As in assets and skills. Don't know where the UK is at on this or what we spend at the moment.
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"Trump wants 5% gdp on nato or prospect of tariffs
How will uk afford this.
5% should be a minimum.
What services are you cutting? Or how much are you raising taxes? "
UK public spending needs major long term structural reform. We pour hundreds of billions into benefits for people to do nothing and have hard lives and on a bloated and dysfunctional NHS. We could certainly spend less, and borrow less so less debt repayment costs, to get better results. Also defence spending can significantly boost skilled employment, build local communities where the Services are based, and support R & D in a range of areas. It's much more of an investment than benefits or much of the our 'health' spending. |
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By (user no longer on site) 4 weeks ago
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"Trump wants 5% gdp on nato or prospect of tariffs
How will uk afford this.
5% should be a minimum.
What services are you cutting? Or how much are you raising taxes?
How much do you want your freedom?"
We have plenty of freedoms now paying 2%.
Once again, how’s this funded? |
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By (user no longer on site) 4 weeks ago
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"Trump wants 5% gdp on nato or prospect of tariffs
How will uk afford this.
5% should be a minimum.
What services are you cutting? Or how much are you raising taxes?
UK public spending needs major long term structural reform. We pour hundreds of billions into benefits for people to do nothing and have hard lives and on a bloated and dysfunctional NHS. We could certainly spend less, and borrow less so less debt repayment costs, to get better results. Also defence spending can significantly boost skilled employment, build local communities where the Services are based, and support R & D in a range of areas. It's much more of an investment than benefits or much of the our 'health' spending."
Borrow less? We can barely close the deficit, let alone impact the actual debt. |
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"Trump wants 5% gdp on nato or prospect of tariffs
How will uk afford this.
5% should be a minimum.
What services are you cutting? Or how much are you raising taxes?
UK public spending needs major long term structural reform. We pour hundreds of billions into benefits for people to do nothing and have hard lives and on a bloated and dysfunctional NHS. We could certainly spend less, and borrow less so less debt repayment costs, to get better results. Also defence spending can significantly boost skilled employment, build local communities where the Services are based, and support R & D in a range of areas. It's much more of an investment than benefits or much of the our 'health' spending.
Borrow less? We can barely close the deficit, let alone impact the actual debt. "
The debt is perpetual
£434,000,000,000. 1997
£878,000,000,000. 2010
£2,686,000,000,000. 2025. (Uk gdp £3.1trn)
Add PFI liabilities its over £3trn. The current interest payments are £9bn a month.
If this were household finances people would be insolvent. |
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"Trump wants 5% gdp on nato or prospect of tariffs
How will uk afford this.
5% should be a minimum.
What services are you cutting? Or how much are you raising taxes?
UK public spending needs major long term structural reform. We pour hundreds of billions into benefits for people to do nothing and have hard lives and on a bloated and dysfunctional NHS. We could certainly spend less, and borrow less so less debt repayment costs, to get better results. Also defence spending can significantly boost skilled employment, build local communities where the Services are based, and support R & D in a range of areas. It's much more of an investment than benefits or much of the our 'health' spending.
Borrow less? We can barely close the deficit, let alone impact the actual debt.
The debt is perpetual
£434,000,000,000. 1997
£878,000,000,000. 2010
£2,686,000,000,000. 2025. (Uk gdp £3.1trn)
Add PFI liabilities its over £3trn. The current interest payments are £9bn a month.
If this were household finances people would be insolvent. "
Yep is this was a company you would just go in to liquidation. Shut the door and walk away. To much out not enough coming in.
The book dose not ballance. |
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"Trump wants 5% gdp on nato or prospect of tariffs
How will uk afford this.
5% should be a minimum.
What services are you cutting? Or how much are you raising taxes?
UK public spending needs major long term structural reform. We pour hundreds of billions into benefits for people to do nothing and have hard lives and on a bloated and dysfunctional NHS. We could certainly spend less, and borrow less so less debt repayment costs, to get better results. Also defence spending can significantly boost skilled employment, build local communities where the Services are based, and support R & D in a range of areas. It's much more of an investment than benefits or much of the our 'health' spending.
Borrow less? We can barely close the deficit, let alone impact the actual debt.
The debt is perpetual
£434,000,000,000. 1997
£878,000,000,000. 2010
£2,686,000,000,000. 2025. (Uk gdp £3.1trn)
Add PFI liabilities its over £3trn. The current interest payments are £9bn a month.
If this were household finances people would be insolvent. "
Long term structural mismanagement. Spending on money pits and cutting essentials like defence. |
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By (user no longer on site) 4 weeks ago
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"Trump wants 5% gdp on nato or prospect of tariffs
How will uk afford this.
5% should be a minimum.
What services are you cutting? Or how much are you raising taxes?
UK public spending needs major long term structural reform. We pour hundreds of billions into benefits for people to do nothing and have hard lives and on a bloated and dysfunctional NHS. We could certainly spend less, and borrow less so less debt repayment costs, to get better results. Also defence spending can significantly boost skilled employment, build local communities where the Services are based, and support R & D in a range of areas. It's much more of an investment than benefits or much of the our 'health' spending.
Borrow less? We can barely close the deficit, let alone impact the actual debt.
The debt is perpetual
£434,000,000,000. 1997
£878,000,000,000. 2010
£2,686,000,000,000. 2025. (Uk gdp £3.1trn)
Add PFI liabilities its over £3trn. The current interest payments are £9bn a month.
If this were household finances people would be insolvent.
Long term structural mismanagement. Spending on money pits and cutting essentials like defence."
It’s the norm for civilised nations who want to maintain a standard of living. |
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"Trump wants 5% gdp on nato or prospect of tariffs
How will uk afford this.
5% should be a minimum.
What services are you cutting? Or how much are you raising taxes?
UK public spending needs major long term structural reform. We pour hundreds of billions into benefits for people to do nothing and have hard lives and on a bloated and dysfunctional NHS. We could certainly spend less, and borrow less so less debt repayment costs, to get better results. Also defence spending can significantly boost skilled employment, build local communities where the Services are based, and support R & D in a range of areas. It's much more of an investment than benefits or much of the our 'health' spending.
Borrow less? We can barely close the deficit, let alone impact the actual debt.
The debt is perpetual
£434,000,000,000. 1997
£878,000,000,000. 2010
£2,686,000,000,000. 2025. (Uk gdp £3.1trn)
Add PFI liabilities its over £3trn. The current interest payments are £9bn a month.
If this were household finances people would be insolvent.
Long term structural mismanagement. Spending on money pits and cutting essentials like defence.
It’s the norm for civilised nations who want to maintain a standard of living. "
A third world standard of living maybe, although that's harsh on the 'third world' which still has strong and supportive communities regardless of income levels. |
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By (user no longer on site) 4 weeks ago
|
"Trump wants 5% gdp on nato or prospect of tariffs
How will uk afford this.
5% should be a minimum.
What services are you cutting? Or how much are you raising taxes?
UK public spending needs major long term structural reform. We pour hundreds of billions into benefits for people to do nothing and have hard lives and on a bloated and dysfunctional NHS. We could certainly spend less, and borrow less so less debt repayment costs, to get better results. Also defence spending can significantly boost skilled employment, build local communities where the Services are based, and support R & D in a range of areas. It's much more of an investment than benefits or much of the our 'health' spending.
Borrow less? We can barely close the deficit, let alone impact the actual debt.
The debt is perpetual
£434,000,000,000. 1997
£878,000,000,000. 2010
£2,686,000,000,000. 2025. (Uk gdp £3.1trn)
Add PFI liabilities its over £3trn. The current interest payments are £9bn a month.
If this were household finances people would be insolvent.
Long term structural mismanagement. Spending on money pits and cutting essentials like defence.
It’s the norm for civilised nations who want to maintain a standard of living.
A third world standard of living maybe, although that's harsh on the 'third world' which still has strong and supportive communities regardless of income levels."
Feel free to try living in the actual third world. See you when you get back |
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"Trump wants 5% gdp on nato or prospect of tariffs
How will uk afford this.
5% should be a minimum.
What services are you cutting? Or how much are you raising taxes?
How much do you want your freedom?
We have plenty of freedoms now paying 2%.
Once again, how’s this funded? "
We have freedoms provided in the main by the US supporting NATO.
It's funded by more people putting into the pot and less taking out. |
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"Trump wants 5% gdp on nato or prospect of tariffs
How will uk afford this.
5% should be a minimum.
What services are you cutting? Or how much are you raising taxes?
How much do you want your freedom?
We have plenty of freedoms now paying 2%.
Once again, how’s this funded?
We have freedoms provided in the main by the US supporting NATO.
It's funded by more people putting into the pot and less taking out. "
|
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By (user no longer on site) 4 weeks ago
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"Trump wants 5% gdp on nato or prospect of tariffs
How will uk afford this.
5% should be a minimum.
What services are you cutting? Or how much are you raising taxes?
How much do you want your freedom?
We have plenty of freedoms now paying 2%.
Once again, how’s this funded?
We have freedoms provided in the main by the US supporting NATO.
It's funded by more people putting into the pot and less taking out. "
Can’t help but notice you didn’t answer the question.
We (in this example) need to increase nato funding by 150%. How are we doing it? |
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"Trump wants 5% gdp on nato or prospect of tariffs
How will uk afford this.
5% should be a minimum.
What services are you cutting? Or how much are you raising taxes?
How much do you want your freedom?
We have plenty of freedoms now paying 2%.
Once again, how’s this funded?
We have freedoms provided in the main by the US supporting NATO.
It's funded by more people putting into the pot and less taking out.
Can’t help but notice you didn’t answer the question.
We (in this example) need to increase nato funding by 150%. How are we doing it? "
Can't help but notice you're not reading the answer...more people pay into the pot, less taking out. How basic do you want it? |
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By (user no longer on site) 4 weeks ago
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"Trump wants 5% gdp on nato or prospect of tariffs
How will uk afford this.
5% should be a minimum.
What services are you cutting? Or how much are you raising taxes?
How much do you want your freedom?
We have plenty of freedoms now paying 2%.
Once again, how’s this funded?
We have freedoms provided in the main by the US supporting NATO.
It's funded by more people putting into the pot and less taking out.
Can’t help but notice you didn’t answer the question.
We (in this example) need to increase nato funding by 150%. How are we doing it?
Can't help but notice you're not reading the answer...more people pay into the pot, less taking out. How basic do you want it?"
What pot? More taxes paid in then? Who are you targeting? And what services are you cutting to save? |
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"Trump wants 5% gdp on nato or prospect of tariffs
How will uk afford this.
5% should be a minimum.
What services are you cutting? Or how much are you raising taxes?
How much do you want your freedom?
We have plenty of freedoms now paying 2%.
Once again, how’s this funded?
We have freedoms provided in the main by the US supporting NATO.
It's funded by more people putting into the pot and less taking out.
Can’t help but notice you didn’t answer the question.
We (in this example) need to increase nato funding by 150%. How are we doing it?
Can't help but notice you're not reading the answer...more people pay into the pot, less taking out. How basic do you want it?"
Extraordinary how difficult some people find that simple concept ! I guess decades of living beyond our means on unsustainable debt will do that.🤷♂️ |
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"Trump wants 5% gdp on nato or prospect of tariffs
How will uk afford this.
5% should be a minimum.
What services are you cutting? Or how much are you raising taxes?
How much do you want your freedom?
We have plenty of freedoms now paying 2%.
Once again, how’s this funded?
We have freedoms provided in the main by the US supporting NATO.
It's funded by more people putting into the pot and less taking out.
Can’t help but notice you didn’t answer the question.
We (in this example) need to increase nato funding by 150%. How are we doing it?
Can't help but notice you're not reading the answer...more people pay into the pot, less taking out. How basic do you want it?
What pot? More taxes paid in then? Who are you targeting? And what services are you cutting to save? "
I assume you are some sort of comedian? |
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By (user no longer on site) 4 weeks ago
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"Trump wants 5% gdp on nato or prospect of tariffs
How will uk afford this.
5% should be a minimum.
What services are you cutting? Or how much are you raising taxes?
How much do you want your freedom?
We have plenty of freedoms now paying 2%.
Once again, how’s this funded?
We have freedoms provided in the main by the US supporting NATO.
It's funded by more people putting into the pot and less taking out.
Can’t help but notice you didn’t answer the question.
We (in this example) need to increase nato funding by 150%. How are we doing it?
Can't help but notice you're not reading the answer...more people pay into the pot, less taking out. How basic do you want it?
What pot? More taxes paid in then? Who are you targeting? And what services are you cutting to save?
I assume you are some sort of comedian?"
No, I just think I have a better grasp of the realities of this than you do. |
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"Trump wants 5% gdp on nato or prospect of tariffs
How will uk afford this.
5% should be a minimum.
What services are you cutting? Or how much are you raising taxes?
How much do you want your freedom?
We have plenty of freedoms now paying 2%.
Once again, how’s this funded?
We have freedoms provided in the main by the US supporting NATO.
It's funded by more people putting into the pot and less taking out.
Can’t help but notice you didn’t answer the question.
We (in this example) need to increase nato funding by 150%. How are we doing it?
Can't help but notice you're not reading the answer...more people pay into the pot, less taking out. How basic do you want it?
What pot? More taxes paid in then? Who are you targeting? And what services are you cutting to save?
I assume you are some sort of comedian?
No, I just think I have a better grasp of the realities of this than you do."
I very much doubt that |
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"Trump wants 5% gdp on nato or prospect of tariffs
How will uk afford this.
5% should be a minimum.
What services are you cutting? Or how much are you raising taxes?
How much do you want your freedom?
We have plenty of freedoms now paying 2%.
Once again, how’s this funded?
We have freedoms provided in the main by the US supporting NATO.
It's funded by more people putting into the pot and less taking out.
Can’t help but notice you didn’t answer the question.
We (in this example) need to increase nato funding by 150%. How are we doing it?
Can't help but notice you're not reading the answer...more people pay into the pot, less taking out. How basic do you want it?
Extraordinary how difficult some people find that simple concept ! I guess decades of living beyond our means on unsustainable debt will do that.🤷♂️"
And yet.... |
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By (user no longer on site) 4 weeks ago
|
"Trump wants 5% gdp on nato or prospect of tariffs
How will uk afford this.
5% should be a minimum.
What services are you cutting? Or how much are you raising taxes?
How much do you want your freedom?
We have plenty of freedoms now paying 2%.
Once again, how’s this funded?
We have freedoms provided in the main by the US supporting NATO.
It's funded by more people putting into the pot and less taking out.
Can’t help but notice you didn’t answer the question.
We (in this example) need to increase nato funding by 150%. How are we doing it?
Can't help but notice you're not reading the answer...more people pay into the pot, less taking out. How basic do you want it?
What pot? More taxes paid in then? Who are you targeting? And what services are you cutting to save?
I assume you are some sort of comedian?
No, I just think I have a better grasp of the realities of this than you do.
I very much doubt that "
So where are you making savings?
Benefits? Isn’t state pension taken from the benefits pot? |
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"Trump wants 5% gdp on nato or prospect of tariffs
How will uk afford this.
5% should be a minimum.
What services are you cutting? Or how much are you raising taxes?
How much do you want your freedom?
We have plenty of freedoms now paying 2%.
Once again, how’s this funded?
We have freedoms provided in the main by the US supporting NATO.
It's funded by more people putting into the pot and less taking out.
Can’t help but notice you didn’t answer the question.
We (in this example) need to increase nato funding by 150%. How are we doing it?
Can't help but notice you're not reading the answer...more people pay into the pot, less taking out. How basic do you want it?
Extraordinary how difficult some people find that simple concept ! I guess decades of living beyond our means on unsustainable debt will do that.🤷♂️
And yet.... "
 |
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"Trump wants 5% gdp on nato or prospect of tariffs
How will uk afford this.
5% should be a minimum.
What services are you cutting? Or how much are you raising taxes?
How much do you want your freedom?
We have plenty of freedoms now paying 2%.
Once again, how’s this funded?
We have freedoms provided in the main by the US supporting NATO.
It's funded by more people putting into the pot and less taking out.
Can’t help but notice you didn’t answer the question.
We (in this example) need to increase nato funding by 150%. How are we doing it?
Can't help but notice you're not reading the answer...more people pay into the pot, less taking out. How basic do you want it?
What pot? More taxes paid in then? Who are you targeting? And what services are you cutting to save?
I assume you are some sort of comedian?
No, I just think I have a better grasp of the realities of this than you do.
I very much doubt that
So where are you making savings?
Benefits? Isn’t state pension taken from the benefits pot? "
Did I say comedian? Clearly joker is a better adjective. Use your loaf and work it out yourself. It's not difficult economic policy |
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By (user no longer on site) 4 weeks ago
|
"Trump wants 5% gdp on nato or prospect of tariffs
How will uk afford this.
5% should be a minimum.
What services are you cutting? Or how much are you raising taxes?
How much do you want your freedom?
We have plenty of freedoms now paying 2%.
Once again, how’s this funded?
We have freedoms provided in the main by the US supporting NATO.
It's funded by more people putting into the pot and less taking out.
Can’t help but notice you didn’t answer the question.
We (in this example) need to increase nato funding by 150%. How are we doing it?
Can't help but notice you're not reading the answer...more people pay into the pot, less taking out. How basic do you want it?
What pot? More taxes paid in then? Who are you targeting? And what services are you cutting to save?
I assume you are some sort of comedian?
No, I just think I have a better grasp of the realities of this than you do.
I very much doubt that
So where are you making savings?
Benefits? Isn’t state pension taken from the benefits pot?
Did I say comedian? Clearly joker is a better adjective. Use your loaf and work it out yourself. It's not difficult economic policy "
No, you can tell me where you’re finding it.
Unless of course you don’t know |
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By (user no longer on site) 4 weeks ago
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"Amazing how Poland spends almost 4% of Gdp on defence yet has one of the strongest economies in Europe with better public health outcomes than the UK. It's a complete mystery how they do it !"
Hasn’t that left a substantial hole in their 2025 GDP, leading to cuts in other areas? |
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"Amazing how Poland spends almost 4% of Gdp on defence yet has one of the strongest economies in Europe with better public health outcomes than the UK. It's a complete mystery how they do it !
Hasn’t that left a substantial hole in their 2025 GDP, leading to cuts in other areas? "
By George he's got it ! 👍 |
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By (user no longer on site) 4 weeks ago
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"Amazing how Poland spends almost 4% of Gdp on defence yet has one of the strongest economies in Europe with better public health outcomes than the UK. It's a complete mystery how they do it !
Hasn’t that left a substantial hole in their 2025 GDP, leading to cuts in other areas?
By George he's got it ! 👍 "
If you take a glance back up, you’ll see that I had it a long time ago, when I asked what we were going to cut.
Still waiting for an answer. |
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"Amazing how Poland spends almost 4% of Gdp on defence yet has one of the strongest economies in Europe with better public health outcomes than the UK. It's a complete mystery how they do it !
Hasn’t that left a substantial hole in their 2025 GDP, leading to cuts in other areas?
By George he's got it ! 👍
If you take a glance back up, you’ll see that I had it a long time ago, when I asked what we were going to cut.
Still waiting for an answer."
🕰 |
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By *coptoCouple 4 weeks ago
Côte d'Azur & Great Yarmouth |
"In order to reach 5% for NATO, we’d need to find around 26bn per annum. Any ideas?"
Do what we were forced to do in 1945 when Truman pulled the plug on us: borrow it from U.S. Banks...
...and it only took us 61 years to repay them (Special Relationship? Wot Special Relationship?). |
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"3000 job cuts announced by Sainsbury’s.
Doesn’t look like Reeves is a success yet "
Sainsbury profits ? £485 million ,so it is a corporate greed measure to make sure all those directors get their massive bonuses while they pay off staff who are working for close to the national minimum wage. Yet the need to satisfy the greed of fat cats is a futile one as they only care for how much THEY can get and screw you plebs |
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By *otMe66Man 3 weeks ago
Terra Firma |
"3000 job cuts announced by Sainsbury’s.
Doesn’t look like Reeves is a success yet
Sainsbury profits ? £485 million ,so it is a corporate greed measure to make sure all those directors get their massive bonuses while they pay off staff who are working for close to the national minimum wage. Yet the need to satisfy the greed of fat cats is a futile one as they only care for how much THEY can get and screw you plebs"
Wow, you have a rather one dimensional view of how a business operates and why it needs to generate profit. It is reassuring that we have people who are business savvy making the decisions. |
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"Sainsbury profits ? £485 million ..."
Not sure where you get that figure from. Sainsbury's last full-year accounts show a useable profit of £137m (after tax).
That works out to be about £1200 per employee. The recent National Insurance changes will cost Sainsbury's about £1,000 per employee. I can see why they are looking at reducing headcount. |
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"Sainsbury profits ? £485 million ...
Not sure where you get that figure from. Sainsbury's last full-year accounts show a useable profit of £137m (after tax).
That works out to be about £1200 per employee. The recent National Insurance changes will cost Sainsbury's about £1,000 per employee. I can see why they are looking at reducing headcount."
Add in the pay rise to minimum wage as well and there staffing levels are not serstanable.
I was told minimum wage increase and NI will cost most companies £5k per person per year if doing a 40 hour week. |
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"3000 job cuts announced by Sainsbury’s.
Doesn’t look like Reeves is a success yet
Sainsbury profits ? £485 million ,so it is a corporate greed measure to make sure all those directors get their massive bonuses while they pay off staff who are working for close to the national minimum wage. Yet the need to satisfy the greed of fat cats is a futile one as they only care for how much THEY can get and screw you plebs"
Fat cats LOL.
Sainsbury's has around 2 billion shares issued. Current value per share £2.52. Dividend to shareholders 3.9p per share, that's just over 1.5% return which is also taxable.
Sainsbury's is also a FTSE 100 listed company so many of those shares will be held by pension funds.
There may be a skinny kitten or two but there aint many fat cats in those numbers.
Top tip of the week.
Don't ever go into business. |
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By (user no longer on site) 3 weeks ago
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"3000 job cuts announced by Sainsbury’s.
Doesn’t look like Reeves is a success yet
Sainsbury profits ? £485 million ,so it is a corporate greed measure to make sure all those directors get their massive bonuses while they pay off staff who are working for close to the national minimum wage. Yet the need to satisfy the greed of fat cats is a futile one as they only care for how much THEY can get and screw you plebs
Fat cats LOL.
Sainsbury's has around 2 billion shares issued. Current value per share £2.52. Dividend to shareholders 3.9p per share, that's just over 1.5% return which is also taxable.
Sainsbury's is also a FTSE 100 listed company so many of those shares will be held by pension funds.
There may be a skinny kitten or two but there aint many fat cats in those numbers.
Top tip of the week.
Don't ever go into business. "
The poster specifically said directors, did they not?
10 people. |
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"3000 job cuts announced by Sainsbury’s.
Doesn’t look like Reeves is a success yet
Sainsbury profits ? £485 million ,so it is a corporate greed measure to make sure all those directors get their massive bonuses while they pay off staff who are working for close to the national minimum wage. Yet the need to satisfy the greed of fat cats is a futile one as they only care for how much THEY can get and screw you plebs
Fat cats LOL.
Sainsbury's has around 2 billion shares issued. Current value per share £2.52. Dividend to shareholders 3.9p per share, that's just over 1.5% return which is also taxable.
Sainsbury's is also a FTSE 100 listed company so many of those shares will be held by pension funds.
There may be a skinny kitten or two but there aint many fat cats in those numbers.
Top tip of the week.
Don't ever go into business.
The poster specifically said directors, did they not?
10 people. "
I think a director of a multi billion pound company is entitled to a bit more than minimum wage.
Besides I've no idea what bonus's (if any) were paid to Sainsbury's directors. Have you, or the other poster?
I just see it as politics of envy claptrap.
Boo Hoo someones getting more than me. |
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Just saw a job posting for OpenAI - tech member staff - offering $900k in US. How many of you British people can think of such a salaries here in UK for a tech resource without that person getting bashed and ridiculed by wealth haters?
|
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She will be forced to put up income tax because of the pathetic socialist mindset the left have, yet again, has been proven to not work at all. She should just have put up income tax at the start instead of hammering businesses and investors and farmers... So stupid. The only way to raise serious revenue is with income tax. Every gov dept chronically underfunded and haemorrhaging money on ridiculous public sector way rises that are only going to result in efficiency drives to save more money which will result in sacking thousands of civil servants.. this is what the unions have done ? 
Train drivers striking again for more that 70k a year to stop and start a train. What nonsense. |
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"She will be forced to put up income tax because of the pathetic socialist mindset the left have, yet again, has been proven to not work at all. She should just have put up income tax at the start instead of hammering businesses and investors and farmers... So stupid. The only way to raise serious revenue is with income tax. Every gov dept chronically underfunded and haemorrhaging money on ridiculous public sector way rises that are only going to result in efficiency drives to save more money which will result in sacking thousands of civil servants.. this is what the unions have done ?
Train drivers striking again for more that 70k a year to stop and start a train. What nonsense. "
Not putting up benifits would have been a good start. |
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