Budget

[BillyStubbsTears]

BST, every journey starts with a single step.

Very clear to me.

So. No complaints about a wasted decade then? And you're happy that you can trust the Tory party when they ditch their entire economic philosophy of half a century and start implementing a policy that the were calling Marxist not 6 months back?

No issues about trust?

[SydneyRover]

for someone that claims otherwise your posts always seem to defend tories hound, just balancing the debate?

[SydneyRover]

tory fiscal manifesto out of the window then? I suppose it was a few months old.


''Sajid Javid, the former chancellor, used his speech in the budget debate to urge Rishi Sunak not to abandon the fiscal rules that he (Javid) announced during the general election campaign. Under these rules, that were included in the Conservative manifesto, the party committed to: 1) not borrowing to fund day-to-day spending; 2) capping average net public sector net investment at 3% of GDP; and 3) ensuring that debt interest payments don’t exceed 6% of government revenue''

[Bentley Bullet]

It doesn't matter who we voted for now, the Tories won, so we should all hope they take us forward. Being bitter and twisted because you didn't vote for them seems a lot like desperation for them to fail, to me.

[drfchound]

BST, every journey starts with a single step.

Very clear to me.

So. No complaints about a wasted decade then? And you're happy that you can trust the Tory party when they ditch their entire economic philosophy of half a century and start implementing a policy that the were calling Marxist not 6 months back?

No issues about trust?

BST, now you are reading things into MY posts that I haven’t said.
I haven’t said that I trust anyone, in fact as I have said many times before, I don’t particularly trust any politicians.
You yourself have said that this budget is a good one for the country and I happen to think it is too.
When things change for the better why put a negative (Labour Party member) spin on it.

[BillyStubbsTears]

BST is right that infrastructure investment is needed, not least to make up for pointless the austerity years.

That said, that money needs to earn a living. You can invest in infrastructure which services the old economy, and becomes a stranded asset.

Spending on new roads is a waste of resources, by and large. It may add to the problem of climate change, the biggest item on the economic agenda going forwards.

There was little in the budget to address social care, no focus on inequality, no attack on child poverty, fuel poverty was missing from the story, the future of public services not assured.

That is just a starters list.
So yes, some steps forward, but no real understanding of how an economy will function in the next decade.

Albie

Very good point. I'm a believer in the multiplier effect in depressed economies, and any infrastructure investment is better than none, even if it is spent on useless stuff. As Keynes said, in a depressed economy, Government using borrowing to buy gold sovereigns, out them at the bottom of a pit shaft, backfill it then let folk dig them out would actually more than pay for itself, even though all you'd have made was a spoil heap.

But of course, the best investment comes with a long term strategic plan to set out country up for the next century. Build it on stuff that is going to pay back dividends in the future as part of a joined up plan.

When Labour said before the Election that they would borrow to spend in investment to de-carbonise the economy, the Tories said it was fantasy economics. All of a sudden, they've been converted. Just without having a plan what to spend the money on.

[drfchound]

for someone that claims otherwise your posts always seem to defend tories hound, just balancing the debate?

SR, see my post #34 to see what I think about all politicians.
I am just making my point to BST to balance his predictable “have a pop at the government” attitude even though the budget is a good one for the country.

[BillyStubbsTears]

Hound.

Because I don't believe all politicians are hypocrites. But some are. And they need pointing out and holding to task. Otherwise they will continue to be.

You clearly DON'T actually care about that, otherwise you would share my annoyance. Because theres been a decade long con trick played on the public.

1) Insist that Austerity is necessary (it wasn't).
2) When that policy results in a decade of stagnant wages, direct people's ire at the EU and tell them THEY are to blame for your life being shit (they weren't)

3) Continue to insist that Labour are dangerous radicals for proposing textbook economics (they aren't).

4) After that wins you an election, flip your policies round 180 degrees and say that you deserve credit (they don't).

I don't think politics should be like that. I don't think it HAS been like that most of the time. But it will be in future if people just "Meh" at it.

[drfchound]

BST, I have told you many times that I don’t support any political party.
The reason that the Torys are in power is because Labour are unelectable.
What is the alternative to the Torys under those circumstances.

[SydneyRover]

for someone that claims otherwise your posts always seem to defend tories hound, just balancing the debate?

SR, see my post #34 to see what I think about all politicians.
I am just making my point to BST to balance his predictable “have a pop at the government” attitude even though the budget is a good one for the country.

Why don't you try your hand and debating with your views from your position, as has been said before a balanced debate is not about equal numbers on either side it's about discussing facts.

[drfchound]

for someone that claims otherwise your posts always seem to defend tories hound, just balancing the debate?

SR, see my post #34 to see what I think about all politicians.
I am just making my point to BST to balance his predictable “have a pop at the government” attitude even though the budget is a good one for the country.

Why don't you try your hand and debating with your views from your position, as has been said before a balanced debate is not about equal numbers on either side it's about discussing facts.

Who said anything about equal numbers on either side.

[SydneyRover]

That's your standard answer I'm just balancing the debate or someone's comment, if you addressed the content of 'someones' comment rather than ignore what you don't like or agree with I could see your point better

[selby]

  Who is Corbyn Ldr?

[SydneyRover]

who is selby 

[drfchound]

That's your standard answer I'm just balancing the debate or someone's comment, if you addressed the content of 'someones' comment rather than ignore what you don't like or agree with I could see your point better

Before you poked your nose in I was addressing BST.
I remember the slug balancer in Blackadder and as funny as that was, you make me laugh more.

[Glyn_Wigley]

BST, every journey starts with a single step.

Very clear to me.

Shame all the steps in the 2010s were backwards ones.

[drfchound]

BST, every journey starts with a single step.

Very clear to me.

Shame all the steps in the 2010s were backwards ones.

The third amigo enters the scene.

[SydneyRover]

That's your standard answer I'm just balancing the debate or someone's comment, if you addressed the content of 'someones' comment rather than ignore what you don't like or agree with I could see your point better

Before you poked your nose in I was addressing BST.
I remember the slug balancer in Blackadder and as funny as that was, you make me laugh more.

You must have missed the bit on 'someones'comment that stated 'just to be clear then'hound

When you become a moderator  you can decide who posts

[SydneyRover]

BST, every journey starts with a single step.

Very clear to me.

Shame all the steps in the 2010s were backwards ones.

The third amigo enters the scene.

Your not very original BB

[drfchound]

That's your standard answer I'm just balancing the debate or someone's comment, if you addressed the content of 'someones' comment rather than ignore what you don't like or agree with I could see your point better

Before you poked your nose in I was addressing BST.
I remember the slug balancer in Blackadder and as funny as that was, you make me laugh more.

You must have missed the bit on 'someones'comment that stated 'just to be clear then'hound

When you become a moderator  you can decide who posts

No mate, I want you to keep posting, it keeps me smiling.

[drfchound]

BST, every journey starts with a single step.

Very clear to me.

Shame all the steps in the 2010s were backwards ones.

The third amigo enters the scene.

Your not very original BB

BB?
You are so funny Sydney.

[SydneyRover]

Why thank you kind sir 

[Bentley Bullet]

BST, every journey starts with a single step.

Very clear to me.

Shame all the steps in the 2010s were backwards ones.

The third amigo enters the scene.

Your not very original BB

I can just imagine Syderney sat with his didgeridoo playing Dancing Queen.

 Now THAT'S Abba-riginal.

[SydneyRover]

Some say that you play with your didgeridoo far too much bb 

[Bentley Bullet]

That's why I'm quite big down under.

[BillyStubbsTears]

Labour are unelectable, right?

But this man IS electable as PM?

https://mobile.twitter.com/hannahITV/status/1234430884863971329

Remind me why Labour are unelectable, judged by this standard.

[Glyn_Wigley]

BST, every journey starts with a single step.

Very clear to me.

Shame all the steps in the 2010s were backwards ones.

The third amigo enters the scene.

And he speaks the truth, hence the stupid hound comment that ignores the issue.

[BillyStubbsTears]

What's the Ad Hominem response? Is that the 5th worst out of 7 possible responses in a discussion?

[SydneyRover]

That's why I'm quite big down under.

Blowing your own trumpet bb? 

[Bentley Bullet]

I tend to prefer it to blowing other peoples.