Sense from Balls? Could it be!?

[bobbylondonuk]

crankedup said:

bobbylondonuk said:

Talking about historic personalities and cartoons....what a muppet! He is at the LSE..not a stupid party conference. Throw some facts and projections with details and argue your point you ideologist and let the educated people assess it.

tax cuts and slower spending reduction = more borrowing....that is what he wants.

No problem with that plan..except is that what the nation wants? more debt?

So your assessment = people ready and able to take on more debt! All of the current analysis shows that people are not spending and those with debt are making every effort to reduce that debt. Most are to frightened by job insecurity to take on more debt. A reduction in taxation will stimulate confidence and assist by getting the wallets open again, it is hoped.

Not my assessment at all...my next post explains my position on the matter. The above post is a simple view of what Balls is on about. And the borrowing is not about consumer borrowing...it is about national debt. Balls wants more debt...sure ok...but is that what we as a nation want? that is the question I asked.

[Jackleman]

Every time that idiot opens his mouth I have to change the channel or station.

If he and his cronies want to carry on denying that their mismanagement of the public purse was anything to do with them I will continue to deny them the opportunity to be accepted as a credible political party. More so now they panda to the trade union scum.

[NoelWatson]

crankedup said:

NoelWatson said:

Have you analysed the numbers to confirm whether they are talking rubbish?

Have you? What I have written in this thread is my belief and hope, its not my political idiom. I want to see the U.K. back on its financial feet as much as the next person. We have had just over one year of the Governments efforts and the cuts are only just beginning to bite. With the Public Sector about to shed 100,000+ jobs over the coming months this is going to add to the unemployment and benefits burden, not to mention consumer confidence. Having a sprinkling of good news, like a tax cut here and there may bring about a little cheer and confidence. Its not just about numbers which have a nasty habit of skewing common sense and run behind actual events.
My own personal take is based on one simple question to myself : would I now at this moment choose to start a new business, answer definitely not.

crankedup said:

Have you?

Redwood had a good blog

http://www.johnredwoodsdiary.com/

crankedup said:

With the Public Sector about to shed 100,000+ jobs over the coming months this is going to add to the unemployment and benefits burden, not to mention consumer confidence.

That is what happens when you let Labour into power and are subsequenly forced to fix their mess. Hopefully you will have learnt for next time

crankedup said:

Having a sprinkling of good news

Gordon Brown is no longer at the helm. What more could you want?

crankedup said:

like a tax cut here and there may bring about a little cheer and confidence

Good idea. Let's get rid of the 50 and 60% bands.

[wolves_wanderer]

I think the most odious part of that article is where he states that he will raise £2bn by repeating a ONE-OFF tax on banker's bonuses.

And, in the name of good old BBC balance what is it that we find buried in the last paragraph after a whole page of Balls' economic prognostications, under the heading of "Plan for Bankruptcy"?

BBC grudgingly said:

In its recent analysis of the UK economy, the International Monetary Fund said it expected weak growth and rising inflation to be "largely temporary" and suggested the coalition was right to proceed with its deficit reduction plan.

[Trommel]

crankedup said:

We have had just over one year of the Governments efforts and the cuts are only just beginning to bite

It's in the Conservatives', sorry, the coalition's, interest to pretend that they're taking a tough line on this, but they really aren't. Government spending is still increasing.

All the "too fast, too deep" bleating is just nonsensical.

[Parrot of Doom]

Trommel said:

Government spending is still increasing.

Primarily caused by debt interest payments.

[crankedup]

bobbylondonuk said:

Not my assessment at all...my next post explains my position on the matter. The above post is a simple view of what Balls is on about. And the borrowing is not about consumer borrowing...it is about national debt. Balls wants more debt...sure ok...but is that what we as a nation want? that is the question I asked.

Yup, and agree with your second post. The Nation certainly cannot sustain further debt, as mentioned we need manufacturing to be able to notch up a few gears. To stimulate this tax reductions are needed.

[crankedup]

NoelWatson said:

Good idea. Let's get rid of the 50 and 60% bands.

I note that you use the past Governments record in your replies to my posts. I don't need reminding thanks and its not answering my points by continually reflect back to the past is it. We all know how G.B. and Co failed us, lets move on and discuss the future.

[TankRizzo]

Surely the temporary cut in VAT by the last lot was generally seen as a failure? It didn't have much effect on purchasing, did it?

[crankedup]

Trommel said:

It's in the Conservatives', sorry, the coalition's, interest to pretend that they're taking a tough line on this, but they really aren't. Government spending is still increasing.

All the "too fast, too deep" bleating is just nonsensical.

How so?

[Trommel]

It isn't fast enough or deep enough.

[NoelWatson]

crankedup said:

NoelWatson said:

Good idea. Let's get rid of the 50 and 60% bands.

I note that you use the past Governments record in your replies to my posts. I don't need reminding thanks and its not answering my points by continually reflect back to the past is it. We all know how G.B. and Co failed us, lets move on and discuss the future.

Only if you promise never to vote for them again

[Esseesse]

Trommel said:

It isn't fast enough or deep enough.

+1

Nowhere near.

[crankedup]

bus pass said:

Out of all the bks that you usually post, I agree with 100% of the above.

Fuel duty and energy costs please. Don't really object that much to 20% VAT TBH.

I like to post what you refer to as bks as its brings out some quite interesting replies most of which simply state the obvious about the last Government with a pinch of caustic soda added for good measure. 99.9% of those in here believe what I post is bks, this time I thought I would stop mucking about and start posting what I really believe. Some in here will be surprised at some of what is to come. So playtime is over for me now, will the real Crankedup reveal yourself?

[crankedup]

Trommel said:

It isn't fast enough or deep enough.

Your painting the wrong side of the fence I reckon, or much more likely your having a laugh. This is PH after all.

[crankedup]

TankRizzo said:

Surely the temporary cut in VAT by the last lot was generally seen as a failure? It didn't have much effect on purchasing, did it?

Correct, although it was far to little to late and not long lived enough.

[crankedup]

NoelWatson said:

Only if you promise never to vote for them again

Never voted for G.B.and Co, nor any Labour predecessors to them. And the only promises I ever make are the ones I intend to keep, very very few.

[markcoznottz]

crankedup said:

TankRizzo said:

Surely the temporary cut in VAT by the last lot was generally seen as a failure? It didn't have much effect on purchasing, did it?

Correct, although it was far to little to late and not long lived enough.

Plus they had an election to win so take with a pinch of salt. Its almost, (almost but not quite) a shame Labour didnt get back in, to see them implement public sector cuts, in a heavily unionised sector that pays most of Labours bills. My that would have been entertaining.

[dandarez]

crankedup said:

NoelWatson said:

Have you analysed the numbers to confirm whether they are talking rubbish?

Have you? What I have written in this thread is my belief and hope, its not my political idiom. I want to see the U.K. back on its financial feet as much as the next person. We have had just over one year of the Governments efforts and the cuts are only just beginning to bite. With the Public Sector about to shed 100,000+ jobs over the coming months this is going to add to the unemployment and benefits burden, not to mention consumer confidence. Having a sprinkling of good news, like a tax cut here and there may bring about a little cheer and confidence. Its not just about numbers which have a nasty habit of skewing common sense and run behind actual events.
My own personal take is based on one simple question to myself : would I now at this moment choose to start a new business, answer definitely not.

You'll never start a new business then.

There is never a good time nor a bad time to start a new business.
More to the point is what 'type' of business you start.

How about (Mulberry) handbags?
Nice little earner, 358% jump in pre-tax profit to £23.3m.

Fools and their money to be parted still frequent the planet everywhere, they don't go away, even in dire times.

[IainT]

RemainAllHoof said:

They really should have left VAT at 15% to encourage people to spend money. If they did it now, that'd be knocking 25% off VAT so even better. Maybe they will?

Cuts in taxation on businesses would have a far more beneficial effect in teh medium and long terms.