Mick Lynch says voters must ‘grow up’ and see Starmer is only alternative

[BillyStubbsTears]

As you well know it's timing pud, tax cuts when the country is screaming out for investment doesn't make any economic sense and no credible economist has come out in support as yet.

The only way hunt could try and popularise tax cuts would be to throw some red meat out and cut welfare, which would undermine any argument that the country needs to ramp up spending as those on welfare spend every penny as it is and wealthy people don't.

Actually that's incorrect, you could easily cut taxes (particularly in business) to force it towards investment in the economy.  That's something a number of countries successfully have used to attract investment.

If you are going to "force" private business to do anything, that requires an interventionist approach by Govt. If Govt doesn't insist that they invest tax savings, what's to stop them simply doling the savings out as dividends to shareholders?

Trouble is, that intervention goes dead against the Tory philosophy of the last 45 years. So this Govt ain't going to do that.

But certainly, if Labour is going to be successful in Govt, it has to solve the productivity crisis. And that means getting both Govt and private investment in capital infrastructure and equipment WAY up on what they are now.

What it really doesn't need is to prioritise personal tax cuts to try to win votes in the Election, which is what Hunt is winding up to do next week.

[selby]

   labour win and investment will go abroad, and anyway new investment now would mean investment in automation and probably the loss of jobs especially in white collar workers.
  I listened to an expert in AI on the radio and he said the junior doctors on strike now will most probably be not needed by their retirement age and those highly skilled type of jobs will be replaced by AI.

[SydneyRover]

''The shadow chancellor, Rachel Reeves, has admitted it would take time for a Labour government to turn Britain around, as she accused the Conservatives of vandalising the economy over the past 14 years.

Speaking before next week’s budget, Reeves said the party that wins the next election would have the worst inheritance of any incoming government since the war and that a national mission was needed to kickstart the economy'' ......

......''Referring to a soundbite used by George Osborne before the Conservatives came to power in 2010, Reeves said: “George Osborne promised to fix the nation’s roof. But the Conservatives have broken the windows, kicked the door in and now they’re burning the house down.”'' ......

https://www.theguardian.com/politics/2024/feb/28/labour-dire-economic-inheritance-rachel-reeves-budget

In plain english.

[drfchound]

''The shadow chancellor, Rachel Reeves, has admitted it would take time for a Labour government to turn Britain around, as she accused the Conservatives of vandalising the economy over the past 14 years.

Speaking before next week’s budget, Reeves said the party that wins the next election would have the worst inheritance of any incoming government since the war and that a national mission was needed to kickstart the economy'' ......

......''Referring to a soundbite used by George Osborne before the Conservatives came to power in 2010, Reeves said: “George Osborne promised to fix the nation’s roof. But the Conservatives have broken the windows, kicked the door in and now they’re burning the house down.”'' ......

https://www.theguardian.com/politics/2024/feb/28/labour-dire-economic-inheritance-rachel-reeves-budget

In plain english.

Of course she has. 

[SydneyRover]

   labour win and investment will go abroad, and anyway new investment now would mean investment in automation and probably the loss of jobs especially in white collar workers.
  I listened to an expert in AI on the radio and he said the junior doctors on strike now will most probably be not needed by their retirement age and those highly skilled type of jobs will be replaced by AI.

Sunak is not stupid aye, his money is already abroad

''the economy was smaller than when Rishi Sunak became prime minister in October 2022''

https://www.theguardian.com/politics/2024/feb/28/labour-dire-economic-inheritance-rachel-reeves-budget

[BillyStubbsTears]

Some indication of the historic scale of the task facing the next Govt. The Tories have presided over an unprecedented collapse in GDP growth

https://blogger.googleusercontent.com/img/a/AVvXsEhAF200oHUl7B22s9psDKhIwbRFTG9UEsB--tdp9iA9b0p0znjaNhuB6Ky2jjLKzDWdkart5fZDiILLPDc15te4EhDbTtGrLXw_AKFObl2hHUt0M18Ehci_uMHRL0H6Tt6hohX3XN0zNulOcSRgyHiblbc9IntuXYL5GVHFk8z-hzY-vhBqIWFEZ2jvOA=w640-h360

That's due to an unprecedented collapse in productivity growth on their watch.



That itself has been caused to a great extent by an unprecedented collapse in investment.



It is a colossal task to start putting this right.

[Iberian Red]

Yes,but I blame Starmer,Corbyn,Abbot and Michael Foot for f@£King the country up th a@£e.

[SydneyRover]

  labour win and investment will go abroad, and anyway new investment now would mean investment in automation and probably the loss of jobs especially in white collar workers.
  I listened to an expert in AI on the radio and he said the junior doctors on strike now will most probably be not needed by their retirement age and those highly skilled type of jobs will be replaced by AI.

Hmmm, I wonder where sunak will go to live when he retires later this year? his investments are overseas (not willing to back his own horse in) he has a green card ........

And like you say in around three decades or more surgery will be robotically assited, as it is now.

[SydneyRover]

As you well know it's timing pud, tax cuts when the country is screaming out for investment doesn't make any economic sense and no credible economist has come out in support as yet.

The only way hunt could try and popularise tax cuts would be to throw some red meat out and cut welfare, which would undermine any argument that the country needs to ramp up spending as those on welfare spend every penny as it is and wealthy people don't.

Actually that's incorrect, you could easily cut taxes (particularly in business) to force it towards investment in the economy.  That's something a number of countries successfully have used to attract investment.

Pud, when we 'discussed' this at an earlier juncture we were talking about personal tax cuts, what is hunt forecasting/promoting, personal or business tax cuts?

[SydneyRover]

''Hunt considers poaching Labour’s plan to scrap non-domiciled tax rules
Chancellor mulling scaling back tax break as last-minute option to generate revenue, after previously criticising policy''

https://www.theguardian.com/politics/2024/feb/28/hunt-considers-poaching-labours-plan-to-scrap-non-domiciled-tax-rules

He could be kite flying too

[Colin C No.3]

Yes,but I blame Starmer,Corbyn,Abbot and Michael Foot for f@£King the country up th a@£e.

Not Cameron, Johnson, Truss, Patel, Braverman, Hunt, Rees-Smug then?

[Sprotyrover]

Yes,but I blame Starmer,Corbyn,Abbot and Michael Foot for f@£King the country up th a@£e.

Not Cameron, Johnson, Truss, Patel, Braverman, Hunt, Rees-Smug then?

I blame the Chinese,Putin and Gordon Brown!

[wilts rover]

As you well know it's timing pud, tax cuts when the country is screaming out for investment doesn't make any economic sense and no credible economist has come out in support as yet.

The only way hunt could try and popularise tax cuts would be to throw some red meat out and cut welfare, which would undermine any argument that the country needs to ramp up spending as those on welfare spend every penny as it is and wealthy people don't.

Actually that's incorrect, you could easily cut taxes (particularly in business) to force it towards investment in the economy.  That's something a number of countries successfully have used to attract investment.

That's what Liz Truss said. And the world economic community said that would be disasterous for the UK.

The greatest jump in economic activity & growth in the G7 since covid has come in the US. Where the government has invested in the economy.

[BillyStubbsTears]

Thing about the internet is, some of the finest minds in the world explain stuff for us.

Why would anyone ignore that?

https://mainlymacro.blogspot.com/2024/02/detoxifying-government-debt-part-3.html?m=1

[SydneyRover]

Mick Lynch says thanks for growing up

https://www.drfc-vsc.co.uk/index.php?topic=276622.0

[ncRover]

As you well know it's timing pud, tax cuts when the country is screaming out for investment doesn't make any economic sense and no credible economist has come out in support as yet.

The only way hunt could try and popularise tax cuts would be to throw some red meat out and cut welfare, which would undermine any argument that the country needs to ramp up spending as those on welfare spend every penny as it is and wealthy people don't.

Actually that's incorrect, you could easily cut taxes (particularly in business) to force it towards investment in the economy.  That's something a number of countries successfully have used to attract investment.

That's what Liz Truss said. And the world economic community said that would be disasterous for the UK.

The greatest jump in economic activity & growth in the G7 since covid has come in the US. Where the government has invested in the economy.

Would you say the US democrats economic policy was to the left of the UK conservatives?

[BillyStubbsTears]

As you well know it's timing pud, tax cuts when the country is screaming out for investment doesn't make any economic sense and no credible economist has come out in support as yet.

The only way hunt could try and popularise tax cuts would be to throw some red meat out and cut welfare, which would undermine any argument that the country needs to ramp up spending as those on welfare spend every penny as it is and wealthy people don't.

Actually that's incorrect, you could easily cut taxes (particularly in business) to force it towards investment in the economy.  That's something a number of countries successfully have used to attract investment.

That's what Liz Truss said. And the world economic community said that would be disasterous for the UK.

The greatest jump in economic activity & growth in the G7 since covid has come in the US. Where the government has invested in the economy.

Would you say the US democrats economic policy was to the left of the UK conservatives?

Yep, WAY to the Left of what the standard macro-economic policy has been in this country for the past 14 years.

Biden implemented aggressive Keynesian fiscal expansionary stimulus policies from 2021. That was the standard method of getting depressed economies out of a hole since the War, until the Tories (and, to be fair, Germany to a great extent) decided they knew better back in 2010.

I mused on this three years ago to the week.

https://www.drfc-vsc.co.uk/index.php?topic=279869.msg1033798#msg1033798

The outcome?



By the way, before anyone says it's all because we were hit harder by COVID and Ukraine, we had another example 14 years back. After 2010, Obama engaged in fiscal stimulus, whereas trhe Tories cut off the stimulus that Brown had set up.

The outcome?


But you STILL get folk on the Right insisting that fiscal stimulus doesn't work. Because...reasons.

[danumdon]

BST, just a point pn your graphs, why do lefties always feel they need to show the Eurozone as if it was an individual economy in its own right?

Why not just show a selection of the EU, like a couple of succeeding states with a tranche of failing ones?

To always show it as a single entity makes one think you have an ulterior motive !!

[BillyStubbsTears]

DD.

1) It's not my graph.

2) Ulterior motive? Have some self respect.

[danumdon]

DD.

1) It's not my graph.

2) Ulterior motive? Have some self respect.

We know its not your personal graph,wake up fella!

You've posted the graph to give credence to your post and thus show the country in the worst possible light, as if we needed telling, but you would anyway. Was this not your motive?

Please keep reminding us in the future with your interactive displays just in case Starmer makes the grade so we can keep track on his progress, there's a good fella.

[BillyStubbsTears]

DD.

I should be honoured that you spend so much of your time obsessing over me, but it's really a bore

Engage with the subject of my post or do yourself a favour and belt up.