All sectors of government spending seem to be having cuts, local councils are going bankrupt, we are paying higher taxes than ever. So where is the money going?
There has been growth in pounds but increases in population and reducing in value of the pound eat that up. Since we buy most of our goods in dollars via imports, that hits everything.
Unless someone can work out how to get back to 3% growth per annum, this is the rest of our lives. Everything else getting squeezed either more tax or less services.
But they will roll out tax cuts next year for the election to try and bribe the public into voting for them.
“Think Tank” = bunch of total nevershagged twats who’ve labelled themselves an “institute”
kind of people that wore suits to their university seminars and still that’s when they peaked
The most frustrating part is Labour are going to win, people are going to be clamoring for spending rises, there is going to be a very real and genuine point that this is impossible because of the “Last Tory Government”, and all that is going to do is provoke braying jeers in Westminster and the Tory press about how *they* weren’t allowed to blame the “Last Labour Government” therefore its unfair and underhanded for Labour to be allowed to do the same.
The Tories will promise both but only deliver one, and only to their mates at that. The average person will end up worse off and have to put up with worse public services, while the Tories still claim to be the party of fiscal responsibility and that things will be worse under Labour.
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All sectors of government spending seem to be having cuts, local councils are going bankrupt, we are paying higher taxes than ever. So where is the money going?
[https://datacommons.org/tools/timeline#place=country%2FGBR%2Ccountry%2FFRA%2Ccountry%2FUSA&statsVar=Amount_EconomicActivity_GrossDomesticProduction_Nominal_PerCapita](https://datacommons.org/tools/timeline#place=country%2FGBR%2Ccountry%2FFRA%2Ccountry%2FUSA&statsVar=Amount_EconomicActivity_GrossDomesticProduction_Nominal_PerCapita)
UKs GDP per capita has been flat for 15 year.
State pension jumped from £58 billion in 2008 to |£135 billion next year.
[https://public.tableau.com/app/profile/obr2525/viz/Pensionerbenefits/Latestforecast](https://public.tableau.com/app/profile/obr2525/viz/Pensionerbenefits/Latestforecast)
There has been growth in pounds but increases in population and reducing in value of the pound eat that up. Since we buy most of our goods in dollars via imports, that hits everything.
Unless someone can work out how to get back to 3% growth per annum, this is the rest of our lives. Everything else getting squeezed either more tax or less services.
But they will roll out tax cuts next year for the election to try and bribe the public into voting for them.
“Think Tank” = bunch of total nevershagged twats who’ve labelled themselves an “institute”
kind of people that wore suits to their university seminars and still that’s when they peaked
The most frustrating part is Labour are going to win, people are going to be clamoring for spending rises, there is going to be a very real and genuine point that this is impossible because of the “Last Tory Government”, and all that is going to do is provoke braying jeers in Westminster and the Tory press about how *they* weren’t allowed to blame the “Last Labour Government” therefore its unfair and underhanded for Labour to be allowed to do the same.
The Tories will promise both but only deliver one, and only to their mates at that. The average person will end up worse off and have to put up with worse public services, while the Tories still claim to be the party of fiscal responsibility and that things will be worse under Labour.