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By (user no longer on site)
over a year ago
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"... to provide some stability.
Austerity expected to be dragged out into the 2020s.
Labour agrees with Osborne.
"
Slightly different, but Vince Cable has long advocated borrowing whilst rates are so low to undertake infrastructure.
He may have a point to weather us over the short term. |
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By *icketysplits OP Woman
over a year ago
Way over Yonder, that's where I'm bound |
"... to provide some stability.
Austerity expected to be dragged out into the 2020s.
Labour agrees with Osborne.
Slightly different, but Vince Cable has long advocated borrowing whilst rates are so low to undertake infrastructure.
He may have a point to weather us over the short term."
I've agreed with him and others on that point for years.
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"... to provide some stability.
Austerity expected to be dragged out into the 2020s.
Labour agrees with Osborne.
"
Just watched Newsnight earlier, Corbyn supporter Paul Mason said Osborne has had to ditch his budget surplus plans for 2020 because of pressure from Corbyn and shadow chancellor John McDonnell. 
Who is he trying to kid?????
Osborne has dropped his budget surplus plan because of the referendum. |
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By (user no longer on site)
over a year ago
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"... to provide some stability.
Austerity expected to be dragged out into the 2020s.
Labour agrees with Osborne.
"
I thought it meant the opposite? He doesn't have to carry on with austerity now that his targets have been dropped? |
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By *icketysplits OP Woman
over a year ago
Way over Yonder, that's where I'm bound |
"... to provide some stability.
Austerity expected to be dragged out into the 2020s.
Labour agrees with Osborne.
I thought it meant the opposite? He doesn't have to carry on with austerity now that his targets have been dropped?"
No. It means a hiatus in austerity (austerity light, if you like) with the salami slicer continuing for a much longer period because he's not willing to let go of the slicing. |
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By (user no longer on site)
over a year ago
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Mark Carney added yesterday (Friday) that the bank interest rate may be halved.
It is already at an all time low of 0.5% the talk is now that it will drop to 0.25% but will not go into a negative rate such as the likes of Japan & Switzerland.
Bad news to Savers, what are you putting your cash into? |
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By (user no longer on site)
over a year ago
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"Mark Carney added yesterday (Friday) that the bank interest rate may be halved.
It is already at an all time low of 0.5% the talk is now that it will drop to 0.25% but will not go into a negative rate such as the likes of Japan & Switzerland.
Bad news to Savers, what are you putting your cash into?"
If the BoE and European Central Bank keep pumping money into the system via QE then keep buying equities! |
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By (user no longer on site)
over a year ago
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Osborne will be history by mid-September anyway but I just wish he would stop trying to fulfil his pre-referendum forecasts. He made a very good statement on Monday calming the corporate nerves and then more than undid it on Tuesday on Radio 4 saying we WILL need a major cutting budget. He now says we don't. And the Markets react to all this change of message. The man lost and should keep quiet.
We now have a different and (IMHO) a much better future for which to plan. We have more cash available but we have more pressures. Our priorities are now very different. Expectations are different. The sooner we get a new PM and then a new Chancellor the better as we can then tell the markets what we are going to be doing.
Good, as I believe, or bad, as others believe, we have made a major decision for our country. We now have an outward facing country rather than one tied down by the political project we were conned into accepting 20 years ago. We didn't vote for it in '75 and thought it was a trading arrangement. And it worked very well. But we were never asked when it all changed into this EU thing. Now we have been asked (and I do give credit to Cameron for doing it) and we are now OUT. And free to follow whatever path we choose. That freedom is worth all the stress we are now facing caused by the Markets.
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It is funny we have had 6 years of austerity to cut the national debt and the deficit has doubled from £7 billion a year to £15 billion a year and it has not made the news but suddenly after an out vote we are being told that the national debt will rise because of Brexit.
Sounds to me like Gideon has found a scapegoat to blame for his economic mismanagement and refusal to reverse bad decisions and is going to milk it while giving us more of the same! |
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"Osborne will be history by mid-September anyway but I just wish he would stop trying to fulfil his pre-referendum forecasts. He made a very good statement on Monday calming the corporate nerves and then more than undid it on Tuesday on Radio 4 saying we WILL need a major cutting budget. He now says we don't. And the Markets react to all this change of message. The man lost and should keep quiet.
We now have a different and (IMHO) a much better future for which to plan. We have more cash available but we have more pressures. Our priorities are now very different. Expectations are different. The sooner we get a new PM and then a new Chancellor the better as we can then tell the markets what we are going to be doing.
Good, as I believe, or bad, as others believe, we have made a major decision for our country. We now have an outward facing country rather than one tied down by the political project we were conned into accepting 20 years ago. We didn't vote for it in '75 and thought it was a trading arrangement. And it worked very well. But we were never asked when it all changed into this EU thing. Now we have been asked (and I do give credit to Cameron for doing it) and we are now OUT. And free to follow whatever path we choose. That freedom is worth all the stress we are now facing caused by the Markets.
"
History
http://news.bbc.co.uk/onthisday/hi/dates/stories/june/6/newsid_2499000/2499297.stm
There was a referendum!!!!!!
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By (user no longer on site)
over a year ago
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Oh for God's sake do please read the words that are written and stop scanning for any titbit to make some smartarse comment?
I quote:
"...rather than one tied down by the political project we were conned into accepting 20 years ago."
Which anyone with any knowledge of the subject would know I meant the EU as that was when it came into being. We did NOT vote for the EU in '75 because it didn't exist did it? It was the EEC that we supported and not the EU. Or the EC come to that.
Had you read further down you would have seen:
" But we were never asked when it all changed into this EU thing."
I think the meaning was pretty clear but hey ..... |
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Borrowing will always have to increase. our taxs only cover the interest on our debt based currency. who ever is in charge will increase debt or the system will fail. we borrow to pay for services
mike maloney explains it very well and im sure anybody who watches will never blame there leaders again
https://www.youtube.com/watch?v=iFDe5kUUyT0
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