OBR put the (deserved) boot into Cameron.
Discussion
Mobile Chicane said:
Why in the name of buggery f
k is the UK giving countries such as this aid when we have issues of our own enough to resolve.
Because we signed up to the UN foreign aid target of 0.7% of GNP. Having done that we can give it to some godforsaken patch of dust in Africa that will still be in the stone age a century from now or we can give to an existing and important trade partner to further develop their economy and thus increase our trade with them.k is the UK giving countries such as this aid when we have issues of our own enough to resolve.
Art0ir said:
You see I thought that, but looking at the posting history he doesn't seem particularly leftist at all. In fact he seems quite fond of one Mr Farage. He'll be sorely disappointed if he gets elected anyway.
Tories have cocked up the economy massively, plenty of people think that, not all of them loonie lefties. I like Nigel Farage but wouldn't vote UKIP.
If more borrowing is the only thing that will get the economy going what else can we do? Although I wouldn't trust Cameron and Osbourne to run anything going on current form.
jules_s said:
Johnnytheboy said:
Presumably, the Balls-esque Plan B that involves another decade of public sector pay rises to stimulate "the economy"?
Like the last 10 years then...5 years of sub inflation payrises and 5 years of none at all?So what exactly wrong with some QE that get's put directly into the economy not the banks coffers?
Why not build some schools? half of them are built in 1960 and falling down. I know of one school that has a proposed maintenance budget of £20m over the next 10 years (wont be spent obviously - it'll just fall down around their ears) whereas a new one would be £25m and last 40 years. Option #1 here just delays the spending - why not bring it forward to help the economy now?
Same old story for me in public spending. Labour spend far too much, then the blue side come in and spend f
k all. labour get back in and have to spend even more to plug all the gaps left by woeful underspending (I'm talking schools here)Surely getting the economy moving is easy, just sell thing people in other countries want to buy.
That's always been my gripe with ZIRP and QE really, you can't have an economy built on house prices perpetually outrunning income growth (though it looks like BOE is insisting this is indeed the case). It was possibly a mistake we made to believe we could somehow…avoid asset value adjustment that typically take place in a market crash by the extreme intervention of money supply and the economy would march on afterwards. Market adjustment may actually be a healthy thing sometimes to restore equilibrium.
What I really wonder about is what happens next, ultra-low rates forever? Wildfire inflation? Years of Japanese style stagflation? I like to look to historical events often but our approach to this cycle has been very different and the economy is reacting in a way that no-one seems able to really predict.
Just IMO of course.
That's always been my gripe with ZIRP and QE really, you can't have an economy built on house prices perpetually outrunning income growth (though it looks like BOE is insisting this is indeed the case). It was possibly a mistake we made to believe we could somehow…avoid asset value adjustment that typically take place in a market crash by the extreme intervention of money supply and the economy would march on afterwards. Market adjustment may actually be a healthy thing sometimes to restore equilibrium.
What I really wonder about is what happens next, ultra-low rates forever? Wildfire inflation? Years of Japanese style stagflation? I like to look to historical events often but our approach to this cycle has been very different and the economy is reacting in a way that no-one seems able to really predict.
Just IMO of course.
Amazing that years after presiding over 13 years of borrow and spend, labour are now saying borrow to invest in capital projects,
Why didn't they do more of that, instead of spending a lot of it creating more PS jobs?
The answer to growth and deficit reduction isn't ever 'simple', or they would have done it by now...
..but part of it involves cutting taxes for low income earners. Their spending drives an economy.
Put cash in the pockets of those who spend it.
Why didn't they do more of that, instead of spending a lot of it creating more PS jobs?
The answer to growth and deficit reduction isn't ever 'simple', or they would have done it by now...
..but part of it involves cutting taxes for low income earners. Their spending drives an economy.
Put cash in the pockets of those who spend it.
Randy Winkman said:
Johnnytheboy said:
You can only spend what you've got.
I bought a house with money I don't have.
maffski said:
Randy Winkman said:
Johnnytheboy said:
You can only spend what you've got.
I bought a house with money I don't have.MarshPhantom said:
Art0ir said:
You see I thought that, but looking at the posting history he doesn't seem particularly leftist at all. In fact he seems quite fond of one Mr Farage. He'll be sorely disappointed if he gets elected anyway.
Tories have cocked up the economy massively, plenty of people think that, not all of them loonie lefties. I like Nigel Farage but wouldn't vote UKIP.
If more borrowing is the only thing that will get the economy going what else can we do? Although I wouldn't trust Cameron and Osbourne to run anything going on current form.
How extensive is your research? Do you know how long it will take to fix the Labour-shafted economy?
Have you looked back to 1979, when the Tories got in and fixed the economy?
Have to looked to 1997 when the economy was in excellent shape and Labour then took over and slowly to start with and then gradually faster, shafted it (again)?
Yes we must borrow more, good old socialist sound economic policy being bandied about again by Labour and other lefties: http://www.debtbombshell.com/
Victor McDade said:
This government is spending £120 billion more than it receives in taxes every year. Yet people have the audacity to claim we're 'cutting too far'.
Perhaps they need to spend it more wisely, remind me, how much do they give away as foreign aid, particularly to countries in a far better position than ourselves.MarshPhantom said:
Everybody knows that, on any level, the Tories economic plan isn't working.
Denied twice by Cameron in yesterday's speech, the Boss of the OBR has put the PM in his place.
http://www.guardian.co.uk/business/2013/mar/08/obr...
Ewwwww. You read the Guardian?Denied twice by Cameron in yesterday's speech, the Boss of the OBR has put the PM in his place.
http://www.guardian.co.uk/business/2013/mar/08/obr...
MarshPhantom said:
Art0ir said:
You see I thought that, but looking at the posting history he doesn't seem particularly leftist at all. In fact he seems quite fond of one Mr Farage. He'll be sorely disappointed if he gets elected anyway.
Tories have cocked up the economy massively, plenty of people think that, not all of them loonie lefties. I like Nigel Farage but wouldn't vote UKIP.
If more borrowing is the only thing that will get the economy going what else can we do? Although I wouldn't trust Cameron and Osbourne to run anything going on current form.
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