The sooner an election, the quicker these mistakes can be fixed. You don’t need to be an economist to understand this is all wrong.
If they have a spring election then they never have to actually implement most of the improvements for normal people, since most of those are slated to start in April.
The ones that benefit rich people most are, of course slated to start in January or earlier.
Spring election sounds plausible.
>*Shares in the part state-owned NatWest bank will be offered to the public before the election.*
Heavens forbid we keep them, and participate in the profits.
Let’s sell them cheap to ~~citizens~~ well off people who aren’t squeezed by the cost of living, so they can make a quick buck and vote for us.
>*The OBR revealed that Hunt’s tax cuts would, in part, be paid for by a deep public service squeeze up to 2027-28. Unprotected departments, which the watchdog said were “already showing signs of strain”, would face average reductions of 4.1% a year in real terms.*
We are giving you these £20b/year cuts by basically fucking every part of government, who will have to do more with less.
>*Hunt was provided with the scope to cut taxes because higher-than-expected inflation has made the freezing of tax allowances and thresholds until later in the decade more lucrative for the Treasury.*
*The OBR said that Hunt’s 2p national insurance cut, fast-forwarded to January, would offset only a quarter of personal tax-raising measures announced by the government since 2021 – which are still on track to rise by almost £45bn by 2028, leaving tax as a share of national income at a postwar high of 38%.*
We are giving you these small cuts because we have been squeezing the fuck out of you for the past 3 years and you’re used to it by now.
*Reminder: the money you get back in the 2% NI cut is not anywhere near as much as the freezing of income tax thresholds over the past few years has* ***already*** *cost you.*
>*Andrew Goodwin, of the consultancy Oxford Economics, said: “In our view, the spending assumptions don’t look credible and will cause major problems for whoever forms the next government.”*
Literally the point.
>*Torsten Bell, the Resolution Foundation chief executive, said: “The truth is taxes are up not down. Today’s cuts are dwarfed by tax rises already under way.*
*“Worse, the giveaways announced today are funded by handing whoever wins the next election implausibly large spending cuts. Tax cuts to boost business investment are welcome, but undermined by plans to cut public investment by over a third – it’s hard to think of a more anti-growth policy.”*
Again, literally the point – make it the other guys fault, then blame them when everything is fucked more.
The Tories know their cards are marked and that they will need a miracle to stay in power come the next election. Outside of a global crisis, which generally sees people lean further to the right a bit, all the Tories can do is offer short-term tax cuts. It allows them to avoid talking about 13 years of economic policy and to simply say “We lowered taxes!” to get people voting for them.
After 14 conservative years, the Home Secretary thinks the country is a ‘shithole’.
The only impressive and interesting thing to come out of the Autumn Budget is just how well newscasters are saying Hunts Cuts. The rest is a predictable attempt of trying to appeal to easily misled voters who think the budget will help or a vote winner, to divert attention away from 12 years of failure for ordinary people.
The random attack on Jeremy Corbyn was pointless, childish and stupid, and really set the scene of the budget.
Minimum wage lot getting shafted, as usual.
Pie in the sky thinking – min. wage should be £15, contract overtime should be double pay (to match agency rates) and Christmas bonus.
Private sector would take a hit but they would adjust (dump useless staff, keep the grafters). Wouldn’t impact the budget whatsoever. Only Daily Mail ‘politics/math’ keeping that from happening.
I haven’t followed the news in ages, but seeing the tories suddenly decide to be cutting taxes and stuff if obviously only to gain support for an election.
Their magical money tree comes out when it’s convenient to them, but not always for when it’s actually needed.
They’ve also blown billions of Pounds in the last few years, with a lot of that going into their own or friends pockets.
Obviously I want to make sure they’re finally kicked out at the next election. But if they aren’t, just watch them quickly backtrack on all these things that would be gaining them support.
no make it last as long as possible, people really need to remember
9 comments
The sooner an election, the quicker these mistakes can be fixed. You don’t need to be an economist to understand this is all wrong.
If they have a spring election then they never have to actually implement most of the improvements for normal people, since most of those are slated to start in April.
The ones that benefit rich people most are, of course slated to start in January or earlier.
Spring election sounds plausible.
>*Shares in the part state-owned NatWest bank will be offered to the public before the election.*
Heavens forbid we keep them, and participate in the profits.
Let’s sell them cheap to ~~citizens~~ well off people who aren’t squeezed by the cost of living, so they can make a quick buck and vote for us.
>*The OBR revealed that Hunt’s tax cuts would, in part, be paid for by a deep public service squeeze up to 2027-28. Unprotected departments, which the watchdog said were “already showing signs of strain”, would face average reductions of 4.1% a year in real terms.*
We are giving you these £20b/year cuts by basically fucking every part of government, who will have to do more with less.
>*Hunt was provided with the scope to cut taxes because higher-than-expected inflation has made the freezing of tax allowances and thresholds until later in the decade more lucrative for the Treasury.*
*The OBR said that Hunt’s 2p national insurance cut, fast-forwarded to January, would offset only a quarter of personal tax-raising measures announced by the government since 2021 – which are still on track to rise by almost £45bn by 2028, leaving tax as a share of national income at a postwar high of 38%.*
We are giving you these small cuts because we have been squeezing the fuck out of you for the past 3 years and you’re used to it by now.
*Reminder: the money you get back in the 2% NI cut is not anywhere near as much as the freezing of income tax thresholds over the past few years has* ***already*** *cost you.*
>*Andrew Goodwin, of the consultancy Oxford Economics, said: “In our view, the spending assumptions don’t look credible and will cause major problems for whoever forms the next government.”*
Literally the point.
>*Torsten Bell, the Resolution Foundation chief executive, said: “The truth is taxes are up not down. Today’s cuts are dwarfed by tax rises already under way.*
*“Worse, the giveaways announced today are funded by handing whoever wins the next election implausibly large spending cuts. Tax cuts to boost business investment are welcome, but undermined by plans to cut public investment by over a third – it’s hard to think of a more anti-growth policy.”*
Again, literally the point – make it the other guys fault, then blame them when everything is fucked more.
The Tories know their cards are marked and that they will need a miracle to stay in power come the next election. Outside of a global crisis, which generally sees people lean further to the right a bit, all the Tories can do is offer short-term tax cuts. It allows them to avoid talking about 13 years of economic policy and to simply say “We lowered taxes!” to get people voting for them.
After 14 conservative years, the Home Secretary thinks the country is a ‘shithole’.
The only impressive and interesting thing to come out of the Autumn Budget is just how well newscasters are saying Hunts Cuts. The rest is a predictable attempt of trying to appeal to easily misled voters who think the budget will help or a vote winner, to divert attention away from 12 years of failure for ordinary people.
The random attack on Jeremy Corbyn was pointless, childish and stupid, and really set the scene of the budget.
Minimum wage lot getting shafted, as usual.
Pie in the sky thinking – min. wage should be £15, contract overtime should be double pay (to match agency rates) and Christmas bonus.
Private sector would take a hit but they would adjust (dump useless staff, keep the grafters). Wouldn’t impact the budget whatsoever. Only Daily Mail ‘politics/math’ keeping that from happening.
I haven’t followed the news in ages, but seeing the tories suddenly decide to be cutting taxes and stuff if obviously only to gain support for an election.
Their magical money tree comes out when it’s convenient to them, but not always for when it’s actually needed.
They’ve also blown billions of Pounds in the last few years, with a lot of that going into their own or friends pockets.
Obviously I want to make sure they’re finally kicked out at the next election. But if they aren’t, just watch them quickly backtrack on all these things that would be gaining them support.
no make it last as long as possible, people really need to remember