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By *LCC OP Couple
over a year ago
Cambridge |
A new report published by the IFS today says that as a result of the referendum the government will have £25bn less to spend by 2019/20.
How should the government balance the books, by cutting public services even harder and deeper than they already have? Or by raising taxes?
Cuts to disability benefits since 2010, much criticised by disability rights organisations and charities in the UK have now even drawn criticism from the UN Committee on the Rights of Disabled Persons. The cuts have disproportionately affected disabled people and have led to a "grave and systematic violations" of disabled people's rights. |
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By (user no longer on site)
over a year ago
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"A new report published by the IFS today says that as a result of the referendum the government will have £25bn less to spend by 2019/20.
How should the government balance the books, by cutting public services even harder and deeper than they already have? Or by raising taxes?
Cuts to disability benefits since 2010, much criticised by disability rights organisations and charities in the UK have now even drawn criticism from the UN Committee on the Rights of Disabled Persons. The cuts have disproportionately affected disabled people and have led to a "grave and systematic violations" of disabled people's rights."
Cuts on the right places and measures to make sure Tax is always paid  |
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By *LCC OP Couple
over a year ago
Cambridge |
"A new report published by the IFS today says that as a result of the referendum the government will have £25bn less to spend by 2019/20.
How should the government balance the books, by cutting public services even harder and deeper than they already have? Or by raising taxes?
Cuts to disability benefits since 2010, much criticised by disability rights organisations and charities in the UK have now even drawn criticism from the UN Committee on the Rights of Disabled Persons. The cuts have disproportionately affected disabled people and have led to a "grave and systematic violations" of disabled people's rights.
Cuts on the right places and measures to make sure Tax is always paid "
But is it worth it? Don’t you think that £25bn could do a lot of good in this country? |
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By (user no longer on site)
over a year ago
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If tax was paid by the big companies at the proper rate there would be no need to make so many cuts.
Most of us pay 20% tax but big corporations pay a fraction of that! And they deep in billions of £'s |
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By *LCC OP Couple
over a year ago
Cambridge |
"If tax was paid by the big companies at the proper rate there would be no need to make so many cuts.
Most of us pay 20% tax but big corporations pay a fraction of that! And they deep in billions of £'s "
But this isn’t a case of the government having a shortfall because of not collecting taxes properly, its directly linked to the referendum result. |
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By (user no longer on site)
over a year ago
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"If tax was paid by the big companies at the proper rate there would be no need to make so many cuts.
Most of us pay 20% tax but big corporations pay a fraction of that! And they deep in billions of £'s "
Exactly  |
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The same happened in March, prior to the referendum.
It can be debated whether the new lower prediction would have happened anyway, or is worse. Some (ie OP) will say it is as a result of the referendum, others will say it could have happened anyway. Could be either or a bit of both. |
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"The same happened in March, prior to the referendum.
It can be debated whether the new lower prediction would have happened anyway, or is worse. Some (ie OP) will say it is as a result of the referendum, others will say it could have happened anyway. Could be either or a bit of both."
The OP blames everything on Brexit I take no notice any more.  |
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By *LCC OP Couple
over a year ago
Cambridge |
"The same happened in March, prior to the referendum.
It can be debated whether the new lower prediction would have happened anyway, or is worse. Some (ie OP) will say it is as a result of the referendum, others will say it could have happened anyway. Could be either or a bit of both."
I would have to say that you would have to be more than a little naive to say that the referendum hasn’t impacted on this, and that it is due solely to other factors. |
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By *LCC OP Couple
over a year ago
Cambridge |
"If the ? Is is it worth paying 25 Billion to leave the E U , my answer would be yes .
What price Freedom ? "
But that is just the cost until the end of this parliament, more years, more costs.
I know you say “freedom” but what exactly will we have gained for that £25bn? |
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"The same happened in March, prior to the referendum.
It can be debated whether the new lower prediction would have happened anyway, or is worse. Some (ie OP) will say it is as a result of the referendum, others will say it could have happened anyway. Could be either or a bit of both.
I would have to say that you would have to be more than a little naive to say that the referendum hasn’t impacted on this, and that it is due solely to other factors."
That's why I didn't say it was. I'm sure it has had an influence, but is only part of the story. But I'm not a stuck record either. There will be negative impacts, predicted and not.
Do you make all your voting decisions based on GDP predictions, or on what you believe to be right? |
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By (user no longer on site)
over a year ago
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"If the ? Is is it worth paying 25 Billion to leave the E U , my answer would be yes .
What price Freedom ?
But that is just the cost until the end of this parliament, more years, more costs.
I know you say “freedom” but what exactly will we have gained for that £25bn?"
The right to govern ourselves !
Not perfect I know but I'd prefer to make our own mistakes .
Talking of money ? Maybe Gordan Brown should be taking to task for the Gold Blunder !
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Here is the truth...
not my truth, just the truth...
Since 1979 every Tory government has made massive cuts to spending to balance the books and at the same time sold off national assets to fund tax cuts for the wealthy. In the Blair years rather than selling off assets and cutting spending the pension funds of public employees were raided and the national surplus was diverted to to the wealthy.
At present the cuts are called efficiency savings and private initiatives but they are still cuts.
We are rapidly returning to the age of the workhouses and mass destitution.
This will not change until there is a real and immediate threat to the survival of the establishment and a need for mass mobilisation to save the nation.
However as the Tories have systematically deindustrialised the country when that time comes this nation will fail. Until then there will be no increase in taxes for the rich and powerful or the foreign corporations that bankroll and back their political machine.
So we will face more cuts until there is nothing left. |
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"If tax was paid by the big companies at the proper rate there would be no need to make so many cuts.
Most of us pay 20% tax but big corporations pay a fraction of that! And they deep in billions of £'s
But this isn’t a case of the government having a shortfall because of not collecting taxes properly, its directly linked to the referendum result."
How could the referendum result on taxes collected . Other counties still need our goods and we need theirs ?.
We will only know the impact once we have finally left.
If we negotiate a good deal the taxes collected may rise .   |
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"Here is the truth...
not my truth, just the truth...
Since 1979 every Tory government has made massive cuts to spending to balance the books and at the same time sold off national assets to fund tax cuts for the wealthy. In the Blair years rather than selling off assets and cutting spending the pension funds of public employees were raided and the national surplus was diverted to to the wealthy.
At present the cuts are called efficiency savings and private initiatives but they are still cuts.
We are rapidly returning to the age of the workhouses and mass destitution.
This will not change until there is a real and immediate threat to the survival of the establishment and a need for mass mobilisation to save the nation.
However as the Tories have systematically deindustrialised the country when that time comes this nation will fail. Until then there will be no increase in taxes for the rich and powerful or the foreign corporations that bankroll and back their political machine.
So we will face more cuts until there is nothing left. "
You must live in a different world to me . I see car production at all time high and lots of new coffee shops opening .
We have a buoyant economy so there is nothing to worry about . |
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"You must live in a different world to me . I see car production at all time high and lots of new coffee shops opening .
We have a buoyant economy so there is nothing to worry about ."
Right, that would be US corporate coffee shops that have a double irish with a dutch sandwich, make millions here but pay no taxes, I'll let you google who owns those car plants and how they arrange their tax affairs too...
Nothing quite like having a busy fool to make money for you...  |
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By (user no longer on site)
over a year ago
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Well first off I'm a bit taken back by this "balance the books" bullshit.
If I remember correctly we've managed 4 years of surplus or equality in 50 years!.
Why do we need to balance the books all of a sudden? |
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By *LCC OP Couple
over a year ago
Cambridge |
"If the ? Is is it worth paying 25 Billion to leave the E U , my answer would be yes .
What price Freedom ?
But that is just the cost until the end of this parliament, more years, more costs.
I know you say “freedom” but what exactly will we have gained for that £25bn?
The right to govern ourselves !
Not perfect I know but I'd prefer to make our own mistakes .
Talking of money ? Maybe Gordan Brown should be taking to task for the Gold Blunder !
"
You mean like the right of British courts to make decisions on British laws?
What EU law are you most looking forward to abandoning when we leave? |
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By (user no longer on site)
over a year ago
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If we raised interest rates by just a mere 2% we could be selling bonds galore for another 15 years!.
In the meantime I'd look to reduce our trade balance deficit which is huge to help relive the flow of outward money |
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By *LCC OP Couple
over a year ago
Cambridge |
"Well first off I'm a bit taken back by this "balance the books" bullshit.
If I remember correctly we've managed 4 years of surplus or equality in 50 years!.
Why do we need to balance the books all of a sudden?"
Well we have three options.
1) We can keep on borrowing more and more and increase the national debt.
2) We can get more in income than we spend and work towards paying off the national debt
3) We can try and make our income match our outgoings, continue to service our debts, but never actually pay them off.
Which one would you like? |
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By *LCC OP Couple
over a year ago
Cambridge |
"Well first off I'm a bit taken back by this "balance the books" bullshit.
If I remember correctly we've managed 4 years of surplus or equality in 50 years!.
Why do we need to balance the books all of a sudden?"
By the way, in this context balance the books means have enough tax revenue to meet the spending commitments the government has already made. |
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By (user no longer on site)
over a year ago
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"Well first off I'm a bit taken back by this "balance the books" bullshit.
If I remember correctly we've managed 4 years of surplus or equality in 50 years!.
Why do we need to balance the books all of a sudden?
Well we have three options.
1) We can keep on borrowing more and more and increase the national debt.
2) We can get more in income than we spend and work towards paying off the national debt
3) We can try and make our income match our outgoings, continue to service our debts, but never actually pay them off.
Which one would you like? "
.
All three! |
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By *LCC OP Couple
over a year ago
Cambridge |
"Follow the money the IFS gets cash from the EU, hope their predictions come true, dont want being accused of lying "
The treasury figures are even worse, do they get money from the EU? |
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By *LCC OP Couple
over a year ago
Cambridge |
"Well first off I'm a bit taken back by this "balance the books" bullshit.
If I remember correctly we've managed 4 years of surplus or equality in 50 years!.
Why do we need to balance the books all of a sudden?
Well we have three options.
1) We can keep on borrowing more and more and increase the national debt.
2) We can get more in income than we spend and work towards paying off the national debt
3) We can try and make our income match our outgoings, continue to service our debts, but never actually pay them off.
Which one would you like? .
All three!"
That would be impossible wouldn't it? |
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By (user no longer on site)
over a year ago
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Firstly nobody "pays" off a national debt, they aren't like taking a car loan out from Barclays!.
Secondly there meant to be servicing the citizens pensions, although with zero percent interest rates that's pretty much screwed.
Thirdly nobody runs a balanced book unless your a trade surplus country, if your a trade deficit country like we are or France are our the US is, you have to run a deficit to physically put the money back in to your economy that's leaving it in outward trade..... When we talk about what we wish to service as in pensions, nhs, schools etc etc, these should be looked at sensibly but not with the critical eye of deficit reduction.
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There's loads I could cut quite easily but then there's loads I'd like to spend extra on so it wouldn't go on deficit cutting |
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By *LCC OP Couple
over a year ago
Cambridge |
"Firstly nobody "pays" off a national debt, they aren't like taking a car loan out from Barclays!.
Secondly there meant to be servicing the citizens pensions, although with zero percent interest rates that's pretty much screwed.
Thirdly nobody runs a balanced book unless your a trade surplus country, if your a trade deficit country like we are or France are our the US is, you have to run a deficit to physically put the money back in to your economy that's leaving it in outward trade..... When we talk about what we wish to service as in pensions, nhs, schools etc etc, these should be looked at sensibly but not with the critical eye of deficit reduction.
.
There's loads I could cut quite easily but then there's loads I'd like to spend extra on so it wouldn't go on deficit cutting"
Well everyone would slice thr budgetary pie slightly differently, but Brexit makes the pie smaller to start with. |
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You mean he doesn't ? 