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Quote from: phil old leake on March 21, 2022, 09:06:52 am Sydney A direct liftIndeed, despite the 2008-09 recession taking place on Labour’s watch, the party has only overseen seven quarters of recession in the past 100 years compared to 17 under the Conservatives''I don’t need to justify my thoughts and I think I can definitely say I don’t need you to help meOnce again as usual you try to put a twist on everythingIf you really think any other government could have handled the likes of COVID any better then that’s your opinion Irrelevant of how anyone voted Brexit was basically held up by people who wouldn’t accept the result but were happy to accept the options on the ballot paper until they lostI was only referring to 'help you' in terms of answering your question phil .............Yes labour managed the economy in terms of response to the gfc better than most other countries in the world.Brexit, yes the tories need help after they decided to go for the worst economic outcome possible. National Insurance, the government has already made it's intentions quite clear I would think, don't you?''Middle-income earners ‘to be hit hardest’ by national insurance rise. Workers on £30,000 to £50,000 will pay higher percentage of salary than those on £100,000, figures reveal''https://www.theguardian.com/money/2022/jan/28/middle-income-earners-hit-hardest-national-insurance-higher-percentage-uk-rishi-sunakAs far as giving them a break ffs they created their own bunch of oligarchs during the pandemic by doing the same as their sponsors the Russians, no sympathy from me along those lines.So starting with Austerity that hamstrung the economy to brexit which has cost and will cost into the distant future and everything in between I'm not sure what you expect phil.You didn't say where and why Starmer said spend spend spend, without context it doesn't mean anything.
Sydney A direct liftIndeed, despite the 2008-09 recession taking place on Labour’s watch, the party has only overseen seven quarters of recession in the past 100 years compared to 17 under the Conservatives''I don’t need to justify my thoughts and I think I can definitely say I don’t need you to help meOnce again as usual you try to put a twist on everythingIf you really think any other government could have handled the likes of COVID any better then that’s your opinion Irrelevant of how anyone voted Brexit was basically held up by people who wouldn’t accept the result but were happy to accept the options on the ballot paper until they lost
Maybe you should have a look and compare how labour governments performed on an economic basis especially immediately following the GFC.''These differences are not statistically significant, but the discrepancy between mean and median hints at the presence of outliers of particularly strong or weak quarters in the data that are skewing the mean averages. In fact, Labour have achieved a higher concentration of quarters of positive growth than the Conservatives. Indeed, despite the 2008-09 recession taking place on Labour’s watch, the party has only overseen seven quarters of recession in the past 100 years compared to 17 under the Conservatives''https://theconversation.com/labour-are-much-better-at-running-the-economy-than-voters-think-new-research-162368
Very few would argue the the NHS doesn't need more funds but''Figures produced by the Tax Calculator UK website show those earning £100,000 a year will pay just 7% of their overall salary in national insurance contributions (NICs) – the same proportion of their income as someone on £20,000 a year''https://www.theguardian.com/money/2022/jan/28/middle-income-earners-hit-hardest-national-insurance-higher-percentage-uk-rishi-sunak
No tax income can be red circled. It's being done this way because the key Tory constituency (well off people who don't work) contribute precisely f**k all to NI.
Phil.It is the biggest myth in politics that the last Labour Govt had its good times based on unsustainable borrowing. It's absolutely and demonstrably untrue. Before the Global Financial Crisis hit, Govt debt under Labour was less than it had been under Thatcher and Major. It was only when the global crisis hit that debt went up. As it should.You can and SHOULD use Government borrowing to pull yourself out of a recession. That has been textbook economic theory for 90 years. Industry is on its knees and can't invest. People get laid off. So they cut back their expenditure. So there's even less demand for products. So Industry gets even more hammered. Vicious circle. The solution is that Govt should borrow money and pour it into the economy to get the motor firing again. Govt debt incurred doing this doesn't matter. The crucial thing is to get the economy back on its feet. THEN Govt can reduce spending and get higher tax income, reducing the debt over decades.Cameron was taught that at Cambridge. He chose to ignore it when the Global Financial Crisis occurred, because he saw beating Labour up over the debt that resulted was his path to No10.It was truly that opportunistic.The economics profession is pretty much unified in agreeing that the Austerity that Cameron and Osborne brought in was a catastrophe. It depressed economic growth for years. It depressed wages for over a decade. Ironically, the annoyance and bitterness it caused led directly to the rise of Farage (who did what right wing demagogues have done in every downturn - told people it was foreigners to blame). That resulted in the Brexit vote and the end of Cameron's career. But the permanent economic damage had already been done. By a man who consciously went against everything he'd been educated to do, to advance his own career. It's no exaggeration to say that we have lost something up to £1trn of economic activity, directly because of that decision.
I love the level of political argument from people on the right.1) You have no evidence to back up what you're saying. So I'm not going to believe you.2) Ok you have provided evidence but you're just cherry picking to suit your argument. So I'm not going to believe you.3) It's not my job to provide counter evidence. I'm going to trust my instinct that you're wrong and not believe you.4) Whatever you say, Labour always spends other people's money, so there. 5) Why don't you just go and live in Russia?
DDThis is feeling like being cornered by the golf club bore.
No offence taken I hope.
Quote from: BillyStubbsTears on March 21, 2022, 10:59:35 amNo tax income can be red circled. It's being done this way because the key Tory constituency (well off people who don't work) contribute precisely f**k all to NI. So could these well of people who could be pensioners who have paid a higher rate of tax and Ni all their working life's be the ones who "don't contribute anything" when in fact they could have paid more that the feckless ever pay in a lifetime of wasted existence.And before you get on your high horse fella I'm not talking about the genuinely needy.
I actually think I will be robbed of any pension from the state when I retire, the qualifying date is going to rise again shortly, at this rate if we don’t get it before we leave this place we will be swindled out of it by a greedy Tory party that will just nick it or a dodgy Labour Party that will means test you out of it if you earn more then 10bob a week.I suppose they can then give it to someone who really needs it, no one cares how much you contributed during your lifetime of graft. This is what we all have to look forward to with either of these political parties, hardly a shoot of green grass between them.
Don't you worry your curly haired head about it Sydders, just remember you are an Aussie now! And a danger to yourself and small pets!
Quote from: danumdon on March 21, 2022, 10:54:12 pmI actually think I will be robbed of any pension from the state when I retire, the qualifying date is going to rise again shortly, at this rate if we don’t get it before we leave this place we will be swindled out of it by a greedy Tory party that will just nick it or a dodgy Labour Party that will means test you out of it if you earn more then 10bob a week.I suppose they can then give it to someone who really needs it, no one cares how much you contributed during your lifetime of graft. This is what we all have to look forward to with either of these political parties, hardly a shoot of green grass between them.The tory party is renowned for looking after its own so some will be in luck, or you could register with OOB Oligarchs of Britain and out your hand up for a hand out and a contract.''I will help with costs where I can, says Chancellor Rishi Sunak''https://www.bbc.com/news/uk-politics-60812549