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Electric cars to be taxed from 2025.that’s should help boost sales. Not.Interestingly enough they reckon by 2030, it is expected that there will be 6.4 million battery electric cars on UK roads. This will account for just 19% of the UK's national car fleet.Sticking with my cheap petrol runaround for now.
Billy this is your area more than anyone’s, what’s your thoughts?
Tory MP interviewed this morning put all the blame on BofE for increases in mortages and inflation not challenged at all as to whether correcting the consequences of the lunacy of Kami and Trussed was anything to do with it
It feels like a very political Budget from a party that accepts it has zero chance in 2024 and is setting problems for Labour. And I don't say any of those lightly, because I really want to think that any Chancellor would pitch a Budget that was aimed at the long term good of the country first and foremost.But I simply can't see how this one is.Two points.1) The OBR is predicting that inflation is going to plummetand be Negative from 2024 to 2026. If that is the case, we really should be doing all we can to support economic growth right here and now, to stop us tipping into deflation. And if that includes more borrowing and spending now then so be it.2) Hunt has set a massive trap for Labour. He's pushed the big spending cuts out beyond 2024. And by apparently allowing us to fall into recession and deflation for 2 years, he is going to make the effect of those cuts even more stinging. The trap for Labour is this: if they DO sign up to those cuts, they are going to be a very unpopular Govt from 24-29. The cuts envisaged by Hunt are eye-watering. Far deeper than Cameron/Osborne Austerity. But if Labour doesn't sign up to the cuts, there's a danger of the bond markets taking fright and interest rates running away under Labour.The way to avoid that would be to do everything in our power to prevent the dive into recession and deflation that the OBR says is coming. Get the economy growing and the cuts wouldn't need to be anywhere near as big. But that's exactly what Hunt has chosen not to do. It feels like a choice of a scorched earth policy to undermine the incoming Labour Govt and set the Tories up for a ressurection in 2029.
Quote from: BillyStubbsTears on November 17, 2022, 07:34:51 pmIt feels like a very political Budget from a party that accepts it has zero chance in 2024 and is setting problems for Labour. And I don't say any of those lightly, because I really want to think that any Chancellor would pitch a Budget that was aimed at the long term good of the country first and foremost.But I simply can't see how this one is.Two points.1) The OBR is predicting that inflation is going to plummetand be Negative from 2024 to 2026. If that is the case, we really should be doing all we can to support economic growth right here and now, to stop us tipping into deflation. And if that includes more borrowing and spending now then so be it.2) Hunt has set a massive trap for Labour. He's pushed the big spending cuts out beyond 2024. And by apparently allowing us to fall into recession and deflation for 2 years, he is going to make the effect of those cuts even more stinging. The trap for Labour is this: if they DO sign up to those cuts, they are going to be a very unpopular Govt from 24-29. The cuts envisaged by Hunt are eye-watering. Far deeper than Cameron/Osborne Austerity. But if Labour doesn't sign up to the cuts, there's a danger of the bond markets taking fright and interest rates running away under Labour.The way to avoid that would be to do everything in our power to prevent the dive into recession and deflation that the OBR says is coming. Get the economy growing and the cuts wouldn't need to be anywhere near as big. But that's exactly what Hunt has chosen not to do. It feels like a choice of a scorched earth policy to undermine the incoming Labour Govt and set the Tories up for a ressurection in 2029.I would hope that Hunt has the economic prosperity of this country at the front of his mind instead of political scheming…What would the Labour solution to “get the economy growing” be?
It feels like a very political Budget from a party that accepts it has zero chance in 2024 and is setting problems for Labour. And I don't say any of those lightly, because I really want to think that any Chancellor would pitch a Budget that was aimed at the long term good of the country first and foremost.But I simply can't see how this one is.Two points.1) The OBR is predicting that inflation is going to plummetand be Negative from 2024 to 2026. If that is the case, we really should be doing all we can to support economic growth right here and now, to stop us tipping into deflation. And if that includes more borrowing and spending now then so be it.2) Hunt has set a massive trap for Labour. He's pushed the big spending cuts out beyond 2024. And by apparently allowing us to fall into recession and deflation for 2 years, he is going to make the effect of those cuts even more stinging. The trap for Labour is this: if they DO sign up to those cuts, they are going to be a very unpopular Govt from 24-29. The cuts envisaged by Hunt are eye-watering. Far deeper than Cameron/Osborne Austerity. But if Labour doesn't sign up to the cuts, there's a danger of the bond markets taking fright and interest rates running away under Labour.The way to avoid that would be to do everything in our power to prevent the dive into recession and deflation that the OBR says is coming. Get the economy growing and the cuts wouldn't need to be anywhere near as big. But that's exactly what Hunt has chosen not to do. It feels like a choice of a scorched earth policy to undermine the incoming Labour Govt and set the Tories up for a ressurection in 2029.
Quote from: ncRover on November 17, 2022, 10:20:19 pmQuote from: BillyStubbsTears on November 17, 2022, 07:34:51 pmIt feels like a very political Budget from a party that accepts it has zero chance in 2024 and is setting problems for Labour. And I don't say any of those lightly, because I really want to think that any Chancellor would pitch a Budget that was aimed at the long term good of the country first and foremost.But I simply can't see how this one is.Two points.1) The OBR is predicting that inflation is going to plummetand be Negative from 2024 to 2026. If that is the case, we really should be doing all we can to support economic growth right here and now, to stop us tipping into deflation. And if that includes more borrowing and spending now then so be it.2) Hunt has set a massive trap for Labour. He's pushed the big spending cuts out beyond 2024. And by apparently allowing us to fall into recession and deflation for 2 years, he is going to make the effect of those cuts even more stinging. The trap for Labour is this: if they DO sign up to those cuts, they are going to be a very unpopular Govt from 24-29. The cuts envisaged by Hunt are eye-watering. Far deeper than Cameron/Osborne Austerity. But if Labour doesn't sign up to the cuts, there's a danger of the bond markets taking fright and interest rates running away under Labour.The way to avoid that would be to do everything in our power to prevent the dive into recession and deflation that the OBR says is coming. Get the economy growing and the cuts wouldn't need to be anywhere near as big. But that's exactly what Hunt has chosen not to do. It feels like a choice of a scorched earth policy to undermine the incoming Labour Govt and set the Tories up for a ressurection in 2029.I would hope that Hunt has the economic prosperity of this country at the front of his mind instead of political scheming…What would the Labour solution to “get the economy growing” be?BSTI think if Hunt and Sunak were planning to lose the next election, they'd have ditched the triple lock to make sure of itncrover.Labours plans for the economy are widely available on news and politics sites if you can be bothered to look for them.
BFYP How long can you keep making excuses for the Tories?Yes there are external problems. But why are they hitting us harder than any other G7 nation?By 2024, we'll have disposable incomes no higher than they were when the Tories came to power. A lost decade and a half.At some point, even a supporter of their policies, like you have been for most of this period, surely has to ask themselves if the Tories have been wrong all along?
Quote from: tommy toes on November 17, 2022, 10:33:36 pmQuote from: ncRover on November 17, 2022, 10:20:19 pmQuote from: BillyStubbsTears on November 17, 2022, 07:34:51 pmIt feels like a very political Budget from a party that accepts it has zero chance in 2024 and is setting problems for Labour. And I don't say any of those lightly, because I really want to think that any Chancellor would pitch a Budget that was aimed at the long term good of the country first and foremost.But I simply can't see how this one is.Two points.1) The OBR is predicting that inflation is going to plummetand be Negative from 2024 to 2026. If that is the case, we really should be doing all we can to support economic growth right here and now, to stop us tipping into deflation. And if that includes more borrowing and spending now then so be it.2) Hunt has set a massive trap for Labour. He's pushed the big spending cuts out beyond 2024. And by apparently allowing us to fall into recession and deflation for 2 years, he is going to make the effect of those cuts even more stinging. The trap for Labour is this: if they DO sign up to those cuts, they are going to be a very unpopular Govt from 24-29. The cuts envisaged by Hunt are eye-watering. Far deeper than Cameron/Osborne Austerity. But if Labour doesn't sign up to the cuts, there's a danger of the bond markets taking fright and interest rates running away under Labour.The way to avoid that would be to do everything in our power to prevent the dive into recession and deflation that the OBR says is coming. Get the economy growing and the cuts wouldn't need to be anywhere near as big. But that's exactly what Hunt has chosen not to do. It feels like a choice of a scorched earth policy to undermine the incoming Labour Govt and set the Tories up for a ressurection in 2029.I would hope that Hunt has the economic prosperity of this country at the front of his mind instead of political scheming…What would the Labour solution to “get the economy growing” be?BSTI think if Hunt and Sunak were planning to lose the next election, they'd have ditched the triple lock to make sure of itncrover.Labours plans for the economy are widely available on news and politics sites if you can be bothered to look for them. I'm not saying they deliberately want to lose the next election. I'm saying they have given up on winning it.But if they want to win in 2029, they cannot afford to alienate pensioners. It's the only demographic that will predominantly vote Tory at the moment. Lose them now and they have little chance in 29. The loyalty of pensioners to the Tories is quite something.In the latest YouGov poll, these are the percentages of each age group supporting the Tories.18-24 - 1425-49 - 1350-65 - 2665+ - 47!
26 month to the election. It's a long long way away. Sunak and hunt are clearly a more responsible pairing and they are right that a big driver of the economy is outside UK control in the wider world.This statement could have been much worse for us all.
No bad attitude intended. I apologise if it seemed so.It just appeared from your post that you weren't aware what Labours plans were.
The problem with Truss's economic ideas wasn't that they were the right ideas at the wrong time. They were absolute batshit at any time. The far right had an obsessive belief that if you cut the taxes of the wealthy, they work twice as hard and we all get richer. Trouble is there is precisely zero evidence that is true.What Truss and Kwarteng did was to ash taxes for the wealthy and borrow an astronomical amount to do so. The markets said they didn't believe that the policy would grow the economy, which means tax intake would stagnate, which means Trussonomics meant permanently borrowing to subsidise the richest few percent in society.The bond markets said "Fine if you want to borrow to do that, but we'll double your interest rate be ause we think you'll bankrupt the country and this is our risk premium."It was the economics of the madhouse. The one positive thing to come out if it is that the IEA and Adam Smith Institute who pushed for it should hopefully never get close to No10 again.