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Labour Government’s Bold Claim to “honesty with voters” Has Unraveled Quickly


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IMO the Labour Budget was ok - seeking to balance planned current expenditure with current income. As I understand it, extra borrowing will be to finance capital projects which makes reasonable sense.

 

The UK and many Western Nations do though, have an ongoing problem with National Debt and the cost of servicing it. It's not helpful to whinge. We should bear in mind that each human in the UK has, on average, a standard of living that has been indulged, historically, to the tune of £40,000, (that's per man, woman and child), so there'll be lots more pain to come one day whichever Govt. has the misfortune to be in power.

 

As for Reeves efforts, well if anything, it's a bit timid . . .  no attempt to address the 'triple lock', (which has to go asap) and no attempt to tackle the murderous future ongoing costs of gold plated Public Service pensions. Putting Stamp Duty on 2nd homes up from 3% to 5% is a paltry effort. A 25% rate would have shown some intent !

 

 

 

 

 

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2 hours ago, Nick Carter icp said:

 

   Seems like Labour were lying about a £22 Billion black hole .

Reason being that they could blame Tories for everything .

"Seems like Labour were lying about a £22 Billion black hole" . They lie about everything else so why not the £2 Billion black hole

The Government of the working class?????????

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2 hours ago, Denim said:

 

That last is the second best thing to do.

 

The best thing to do is learn Afghani  , go to France , throw away your passport etc then come back in a rubber boat and claim asylum.

Go on then. Do it.

 

You'll then find out how it all actually works. It might even stop you making idiotic comments.

 

 

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8 hours ago, RichardColeman said:

Only uneducated idiots voted for labour, those with intelligence knew exactly who they were, their experience and what would happen.

 

Same happened in the US with the idiots Biden and Harris. The left cannot run a country. Can but hope the right gets itself kicked out and liebour are a one term disaster

Data shows exactly the opposite of your claim.

 

The 'left-wing' U.S. has been leading by far for post-Covid recovery, while the right-wing UK has been trailing other G7 countries (except Germany, for readons we know)

https://commonslibrary.parliament.uk/research-briefings/sn02784/

 

e2ed0f29-c05f-44c1-8757-a904b43f1e67.png

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8 hours ago, James105 said:

Well done Labour.  Well done.   Economically illiterate morons.   

 

Isn't that what so many of you demand for Thai baht? And how good it would be if it fell, increased competitiveness, more tourism and all that yadayadayada... So, following this logic, labour government is a God-sent to UK to save its economy and make life easier for the expats there!

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6 minutes ago, Chomper Higgot said:

You expect?

 

 

 

  Well, have Labour launched an investigation yet ito Covid financial irregularities .

   I would personally like to find out whether there was a connection between the Covid quarantine hotels and the people who made that rule, whether any Government officials profited out of it 

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1 minute ago, tomazbodner said:

Isn't that what so many of you demand for Thai baht? And how good it would be if it fell, increased competitiveness, more tourism and all that yadayadayada... So, following this logic, labour government is a God-sent to UK to save its economy and make life easier for the expats there!

 

1. Thailand economy != UK economy.   It relies on tourism so would benefit from a weaker baht.

2. This thread is about UK budget, not Thailand.  

3. When the pound last tanked and the gilts rose following Liz Truss budget leftists here had a meltdown over it.  They seem to be more relaxed about the same thing happening here.   

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Just now, James105 said:

 

1. Thailand economy != UK economy.   It relies on tourism so would benefit from a weaker baht.

2. This thread is about UK budget, not Thailand.  

3. When the pound last tanked and the gilts rose following Liz Truss budget leftists here had a meltdown over it.  They seem to be more relaxed about the same thing happening here.   

 

2016 :  Pound weakens and its terrible for the UK economy and its Brexit's fault , Conservatives fault 

2024 : Pound weakens and its great for the economy, well done Labour

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8 hours ago, Chomper Higgot said:

Taxes have not gone up for working people.

Funding to the NHS has gone up dramatically, as promised.

Funding to schools has gone up.

 

Unless you are earning considerably more than the national average your taxes have not increased.

Funding to schools has gone up.

 

Some parents disagree and are now suing the government.

 

The group says its legal claimants will be parents who argue they cannot find an alternative education for their children in the state sector, and are likely to include families with children with special educational needs.

Chief Executive Julie Robinson says they “will be defending the rights of families who have chosen independent education, but who may no longer be able to do so as a direct result of VAT on their fees”.

“We continue to ask the government to work with us to mitigate the risks of this policy on specialist arts education, on low-fee faith schools, on small girls’ schools and on children with Send.”

https://www.bbc.com/news/articles/c98d3xr0290o

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9 minutes ago, Bkk Brian said:

Funding to schools has gone up.

 

Some parents disagree and are now suing the government.

 

The group says its legal claimants will be parents who argue they cannot find an alternative education for their children in the state sector, and are likely to include families with children with special educational needs.

Chief Executive Julie Robinson says they “will be defending the rights of families who have chosen independent education, but who may no longer be able to do so as a direct result of VAT on their fees”.

“We continue to ask the government to work with us to mitigate the risks of this policy on specialist arts education, on low-fee faith schools, on small girls’ schools and on children with Send.”

https://www.bbc.com/news/articles/c98d3xr0290o


Please keep me posted on progress.

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58 minutes ago, Nick Carter icp said:

 

2016 :  Pound weakens and its terrible for the UK economy and its Brexit's fault , Conservatives fault 

2024 : Pound weakens and its great for the economy, well done Labour

The current "fall" is peanuts, compared to the post-referendum fall!

https://www.poundsterlinglive.com/exchange-rate-index/#google_vignette

Screenshot_20241101-103153.png

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9 hours ago, sungod said:

Oh, and dont work hard and save your money in property as a pension plan, they will nick that off you with an increase capital gains. 

They are exactly the same as the last Labour thieves and look at them now, all multi millionaires.

5 billion year on year to the NHS, no restrictions do with it what you will so a heart surgeon friend of mine got a 25,000 increase and his working week cut to 3 days.

They went on to steal the private pensions to the tune of 5 billion year on year undermining my own pension and thousands like me who had worked our socks of to pay into one, so I see no difference between the thief of downing st then and the one we have now, both of them even wear trousers.

One can only hope that the idiots who voted for them are now going experience the same difficulties as the rest of us.

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54 minutes ago, Nick Carter icp said:

 

Yes, but the fall was bad back then, but its good now .

Tories - Bad

Labour = good , even if they do the same thing 

Ok. According to the tweet posted, the £ fell from 670 to 665, so the Labour is responsible for a fall of around 0.25%! 😁

 

Having said that, I have no idea wether the Labour will do better than the Tories or not., considering the current economic trend.

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5 hours ago, Chomper Higgot said:

I believe increased in spending on the NHS and schools was a promise that people voted for.

As was the large pay rise to the 70 grand a year train drivers which they dished out as soon as they came to power?

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13 minutes ago, candide said:

Ok. According to the tweet posted, the £ fell from 670 to 665, so the Labour is responsible for a fall of around 0.25%! 😁

 

Having said that, I have no idea wether the Labour will do better than the Tories or not., considering the current economic trend.

 

   The Labour budget isn't going to good for theUK or the OK economy , its going to cause inflation and unemployment , more debt is just kicking the can down the road 

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