Sharpe's Fox Posted 16 March 2016 Posted 16 March 2016 Today is Gideons first budget of the year so can discuss here if inclined. I guess general economic discussion could be put here as well since the only other active threads on the sub are US election, EU Ref and MattP's latest Labour slamming threads.
Guest MattP Posted 16 March 2016 Posted 16 March 2016 Yes good to see a thread without a silly exaggeration to try and smear someone as something they are not, now let's see what "Gideon" (it makes him sound so posh you know) has for us.
Sharpe's Fox Posted 16 March 2016 Author Posted 16 March 2016 Yup how obtuse and petty of me to paint a son of a Baronet as posh, it can't be right at all because he's always in high vis and a hard hat. Anyway looks like he's going to make all schools into failing academies for some reason, which will be nice until the financial and payment services are outsourced to the private sector, which is the real game being played.
Sharpe's Fox Posted 16 March 2016 Author Posted 16 March 2016 He's probably taking bribes in apple pie boxes as well
ramboacdc Posted 16 March 2016 Posted 16 March 2016 this escalated quickly! anyway, growth revised down!
SMX11 Posted 16 March 2016 Posted 16 March 2016 Who cares? He makes it up as he goes along anyway. He has ring fenced far too much of the budget to have any real affect and therefore will be resorting to increasing tax (which won't help). He will also be making token cuts in other areas to make him look serious. I saw on twitter someone say it is like being 2 years behind on the morgage and stopping the delivery of the sunday paper as a response. He hasn't stopped the business cycle and we are very late into this one, unfortunately in worse shape than we were in 2008.
Guest MattP Posted 16 March 2016 Posted 16 March 2016 Can't really disagree with that, it's laughable if he thinks he's going achieve a surplus by 2019, we're still borrowing an obscene amount of money from the future to pay for today, you have to feel sorry for the future generations who will be paying for this. He needs the EU more than anyone, the omnly plan appears to be to achieve growth through mass migration of cheap labour.
Fox92 Posted 16 March 2016 Posted 16 March 2016 One for the Bristol residents on here.... Tolls on severn crossing to be halved.
Sharpe's Fox Posted 16 March 2016 Author Posted 16 March 2016 Corporation tax cut down to 17%. Only 14% left to get it down to Google's target.
Jon the Hat Posted 16 March 2016 Posted 16 March 2016 Corporation tax cut down to 17%. Only 14% left to get it down to Google's target. Great news. This will bring in more and more tax. Lovely.
ScouseFox Posted 16 March 2016 Posted 16 March 2016 hes made my hangover luco recovery more expensive, hope he gets sacked asap this is probably the first time anything one of these bells has done that has directly affected me. pricks.
Brizzle Fox Posted 16 March 2016 Posted 16 March 2016 One for the Bristol residents on here.... Tolls on severn crossing to be halved. Who'd want to go to Wales anyway. Even if they made it free..... Weirdly always free to come over the bridge from Wales to England. Go figure.
Brizzle Fox Posted 16 March 2016 Posted 16 March 2016 Who'd want to go to Wales anyway. Even if they made it free..... Weirdly always free to come over the bridge from Wales to England. Go figure. Apart from going to Chepstow. Which is nice. Or Cardiff. Which is OK. Or to the Gower. Which is fab. .... So actually a good thing then. .
Buce Posted 17 March 2016 Posted 17 March 2016 Wages and standard of living set to fall, as Gideon runs out of wriggle room: http://www.bbc.co.uk/news/business-35830754
Webbo Posted 17 March 2016 Posted 17 March 2016 Wages and standard of living set to fall, as Gideon runs out of wriggle room: http://www.bbc.co.uk/news/business-35830754 That's not what it actually says. It says "'Wage growth to slow', meaning wages will still go up but at a slower rate. there's a distinct difference.
Bellend Sebastian Posted 17 March 2016 Posted 17 March 2016 That's not what it actually says. It says "'Wage growth to slow', meaning wages will still go up but at a slower rate. there's a distinct difference. It does go on to say what Buce said, presumably meaning if they don't keep pace with inflation. Anyway, I'm more worried about 'George's' hair. Is using some sort of wet look mess constructor appropriate behaviour for someone with supposed aspirations to be PM? The current PM wearing chinos is bad enough but this is surely taking things too far
Buce Posted 17 March 2016 Posted 17 March 2016 That's not what it actually says. It says "'Wage growth to slow', meaning wages will still go up but at a slower rate. there's a distinct difference. The Institute for Fiscal Studies warned if the Budget forecasts were right "we should all be worried"."This will lead to lower wages and living standards, not just lower tax revenues for the Treasury," it said.
Webbo Posted 17 March 2016 Posted 17 March 2016 It does go on to say what Buce said, presumably meaning if they don't keep pace with inflation. Anyway, I'm more worried about 'George's' hair. Is using some sort of wet look mess constructor appropriate behaviour for someone with supposed aspirations to be PM? The current PM wearing chinos is bad enough but this is surely taking things too far Inflation is around 0.2% last time I looked, It's not something we need worry about in the short term. The Institute for Fiscal Studies warned if the Budget forecasts were right "we should all be worried"."This will lead to lower wages and living standards, not just lower tax revenues for the Treasury," it said. There's always something to worry about, will the huge increase in the minimum wage push up unemployment? Will the malaise in the Eurozone affect growth? Aren't we about that time in the cycle where a recession is due? All far more pressing than whether someone will be a pound a week worse off in 3 years time.
Fox92 Posted 17 March 2016 Posted 17 March 2016 Pleased to see investment in the railway. Still amazed how Sheffield station isn't there, mind.
Bellend Sebastian Posted 17 March 2016 Posted 17 March 2016 Inflation is around 0.2% last time I looked, It's not something we need worry about in the short term. You've got shares in George's haircare products, haven't you? You won't throw me off the scent that easily
The Doctor Posted 17 March 2016 Posted 17 March 2016 So why, beyond making it a financial matter so the lords can't oppose it, is he putting the schools to academies plan in the budget?
Buce Posted 18 March 2016 Posted 18 March 2016 Tory rebellion over cuts to disability benefit payments: http://www.theguardian.com/politics/2016/mar/17/tory-rebels-osborne-disability-benefit-cuts-just-not-acceptable
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