Rachel Reeves: ‘There’s not a huge amount of money’
https://www.bbc.co.uk/news/articles/cldyeykzp33o
by Longjumping_Stand889
Rachel Reeves: ‘There’s not a huge amount of money’
https://www.bbc.co.uk/news/articles/cldyeykzp33o
by Longjumping_Stand889
33 comments
I think this might be an example of British understatement.
So the tories gutted the country and gave it to the private sector, so Rachael said shes going to lean on the private sector whom haven’t saved the UK any money since it all got privatised…..oh joy.
> “Private-sector investment is the lifeblood of a successful economy. We need to unlock private-sector investment,” she said.
PFI 2: Electric Boogaloo
Obviously, the conservatives and labour have committed to the same fiscal rules, and both committed to very very similar taxation policy. There is little else to disagree on.
“I’m afraid there is no money” – Liam Byrne 2010
“I’m afraid there is no money and we left you with the alt right” – Laura Trott 2024
Her comments are realistic, but hardly “Rachel Reeves has issued a damning assessment of the state of the UK’s finances.” The Tories have said money is tight as well. And it was in short supply when Gordon Brown left office as well.
I think it is good that Labour manage the expectations of some people who think Labour will just be able to spend on everything that needs it. Although I do worry about this talk of getting private finance to unlock funds, hopefully not more ‘off the balance sheet’ but still costs taxpayers a lot PFI style financing.
Literally what every changing of the guard says, the other party has left us nothing so yeah a lot of those nice things we said pre election…don’t count on it
Billionaire Britain 2022 reveals that:
* The wealth of the UK’s billionaires has skyrocketed by over 1000% between 1990 and 2022, ballooning by around £600bn.
* The number of billionaires exploded from 15 in 1990 to 177 this year.
* Between 2020 and 2022 alone, billionaire wealth increased by almost £150bn.
* Much of this increase came from central bank and government efforts to soften the impact of the international Covid-19 crisis. However, the infrastructure that allowed billionaires to profit in this way was decades in the making.
Stop Lying to us, there is an absolute fuck tonne of money, it’s just been systematically taken from the poor and given to the rich over the last few decades. All while these same billionaires have spent a tonne of money on media campaigns to spread these lies that there is no money and we can’t just put things “on the nations credit card”.
Why should we just accept that money will be transferred to the rich forever and we can never have any movement in the other direction to rebalance things?
Translation: We’re going to continue austerity and privatization.
I mean, there’s about a £1,400,000,000,000 / year to spend.
It needs spending in the right places is all.
I trust that Labour will go after Michelle Mone and everyone else who scammed the taxpayer during COVID.
Some Tories and their Tory mates deserve to be wearing orange jumpsuits once the money is recouped.
It’s not the amount of money that’s the problem. Having previously worked as a government contractor, it’s mind blowing just how inefficient the government is when it comes to spending and making use of money. I guarantee we could make a huge amount of funding cuts in certain areas and redirect that money and our public services would be considerably better. There’s no need to raise taxes anymore.
People are gonna be pretty mad when they voted the Tories out and things just continue to get worse at a slightly slower rate
There is a huge amount of money.
It’s just being spent VERY unwisely.
‘There isn’t any more’
We have our own currency and central bank, there is plenty of money.
Sunak found £300 billion for Furlough no problem!
This is just trying to gaslight people into Labour not investing in public services or infrastructure projects.
She comes across as a bit dodgy.
But, I’ve looked into her history and she has a financial background and on the face of it her policy of “securonomics” which rejects neoliberal economic policy in favour of investment in infrastructure and education, avoiding deregulation and tax cuts, boosting production and creating greater ties with countries with similar economic ambitions, is promising.
If we’re being honest the pandemic and Tory mismanagement of public money, as well as brexit, has cost a great deal of money and it might be worse than she expected now she’s in the driving seat.
My issue is that there is plenty of money around, why are we as the tax payer not beneficiaries of the bail out of banks in the aftermath of 2008? A good percentage of all profits, in any company bailed out, should be going straight back into the public pot. Why are we allowing offshore account and expatriation of large sums of money without taxation? It shouldn’t fall on the poorest to pay for the mistakes of the richest in their pursuit of profit.
Pass acts of parliament that enable investment before you borrow or sign up to PFI. For the love of god. You’re legislators not bankers.
No actually there’s a lot of very rich people not getting taxed nearly enough but I guess we shan’t speak of that
Hands up if you’re shocked by the revelation. No one? Thought so.
Not sure why anyone is surprised. They committed to the current tory spending plans.
Hehe time for the British public to find out who they voted for
But enough to keep your billionaire owners happy though eh? 😂
They’ve been in office for one day and I’m already starting to dislike Rachel Reeves.
She was elected in 2017 and 2019 on a manifesto promising magic money that could fix every problem. What’s changed?
Look at the current budget deficit now compared to 2010.
Plenty if the ultra wealthy payed the same as us regular folks .. she needs to stop accepting the status quo .. but ex Bank of England the useless shower who got us into most of this.
Things can only get tighter …
I do hope that Labour eventually gets to the part of the message that contains hope.
Perhaps defund trident, plenty of money there Rachel
If they try any flavour of austerity they are inviting a Reform landslide in 29.
I noticed a good joined up line of blaming the Tories already from the new cabinet. Good to see they’re all aligned already!
Well there is …
There’s 165 billionaires and about 4% of the country are millionaires but please keep squeezing the middle class and cutting public sector pay
” “Private-sector investment is the lifeblood of a successful economy. We need to unlock private-sector investment,” she said.”
And so the PFI schemes start again that bled the country dry last time
Consent manufacturing machine goes brrrrr
Getting their excuses in early for why nothing will improve.