PHillip Hammonds jokes were good though eh? Fk me.
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Don't believe a word of it , it's all to try and get votes
In 2014 the Tories announced the Starter Homes Initiative......to deliver 200000 homes to first time buyers
It was touted as a " major push " to help people on the housing ladder
Not one single house has been built under this initiative
Expect more bullshit today
What this country needs is not more houses to buy in the private market , it needs a massive social housing building programme .......helping out local councils
But they are obsessed with getting people to own their own homes when other countries in Europe like France and Germany have far more low cost rented housing
There is nothing wrong with renting your home from the local council .....and then passing it on to the next generation .....that's what happened in post war Britain
But the push of the right to buy and Thatcher's aim to change us into a " property owning democracy " ........basically a political move to get votes and weaken the power of local councils all at once ......tied in with pushing people into buying homes they have struggled to afford .......has caused a housing crisis
And this lot won't solve it as they have proved time and time again they talk the talk but don't walk the walk
PHillip Hammonds jokes were good though eh? Fk me.
Austerity hasn't shifted the deficit. He can make crap jokes all he wants.
Stamp duty ?........ analysis from the panel on BBC budget special ?.......the main gainers will be those who already own a home !! So taxpayers money is being used to entice young people to vote Tory .....ie we are lessening the cost of you buying your first home .......but it helps existing home owners more than it helps the first time buyer !!..........what a shambles ......
We need social housing ! That means low cost housing for RENT
In 2011 the coalition government built 39000 social housing properties for rent
In 2016 ?...........5000
They are a bunch of fakes
more social houses were built in the last year of Thatchers reign than during the whole of the last Labour governments tenure.
[QUOTE=ninianclark;4809293]Corbyn reading from a script (nothing wrong with that) but it sounds this is the first time he has read it.
He is now bringing Grenfell into it , desperate, very wide ranging and waffling .
Anyway - from what I heard :-
Abolition of stamp duty for first time buyers
300,000 additional homes in ENGLAND - but not till 2020's
Fuel duty frozen
NHS staff pay rises - new money
Tax allowance up to 11,850
higher rate 46,350
young persons rail card from 26-30 (not sure why though - 30 young person?)
Universal Credit changes - time reduced etc (cost 1.5 billion)
Growth forecast - downgraded to 1.5 (down from 2.0) - but the OBR have been wrong (very wrong in the past) - problem - aiming for 2% -
Borrowing to fall - but not at the same rate as is now.
Deficit reduction slowing down obviously
Growth / borrowing down - OBR thinks UK productivity will go down (not good)
National debt - 86% of national income this year - but will fall next year (peaked hopefully)
Health - extra 10 billion capital investment before 2020
Drink no change - but high strength booze up
Fags inflation +2%
Living wage up to £7.83
vehicle excise duty up for diesels
Overall view from me - some good - but sticking plaster on an open wound perhaps. Economy not as strong as people thought perhaps, hence he has slacked off trying to reduce the deficit / debt.[/QUOTE
This country is fecked under the capitalist Tories , it's as simple as that
Social care for the elderly ?
Feck all ..........don't get old for god's sake
It has but he's put back .......again ......the time it will be zeroed........it was a pledge of the Tory led coalition to do this by 2015..........now it's 2022 !
In the meantime borrowing will be going up !!
You can trust the Tories with the economy !!!
Honest , they said so !!
Weren't they supposed to be clearing it by 2015 though? Then weren't they supposed to be clearing it by 2020? Now I see it's being said that the target has been adjusted to it being cleared by 2025 - I'm just trying to imagine what the reaction would be if a Labour government had to triple the length of time they said it would take to achieve one of their fundamental financial targets.
Brexit and low productivity leading to a predicted slowing of growth in the economy over the next five years .........less money from taxation
It's all going tits up and it will be the people at the bottom who get it in the neck
How will Labour reduce the deficit? They certainly wont do it by borrowing an additional £500bn for their various loony but popular projects such as their renationalisation programme, increasing public sector pay and the abolition of student debt. The only way to raise the cash is to increase tax which is a counter productive measure. Every time a problematic issue is raised Labour's answer is to throw money at it which is not the answer if the economy is to survive.
The daily mail , the sun , express , torygraph , sky news etc would be on them like a ton of bricks
However as it's the Tories messing up big time , they will let it lie
My mistake , it's even worse , the date for clearing the deficit is indeed 2025 , not 2022 as I initially said
That's ten fecking years later than the Tories promised in 2010 !!
What a bunch of charlatans !!
Increasing taxation doesn't prime the economy. It leads to higher unemployment and a lower tax tax take. Increased public services leads to higher expenditure and will add to the deficit and I thought you were complaining about the Tories failing to reduce the deficit in their planned period.
Just seen John McDonnel being embarrassed by Andrew Neil. Clearly the shadow Chancellor does't understand what borrowing means.
We have been hoodwinked into thinking getting the deficit to zero is the answer to our problems ....it's the Tories who have made that the key to their economic policy ........and it is they who have failed to deliver on this promise time and time again
I am a fan of Keynes , you are clearly not
You sound like a neo con to me , no wonder you have the views on taxation that you do
I would replace the current shadow chancellor but I agree with what he says and much of the country does too
In general I am in agreement with you, a nondescript budget but what else could they do given the situation we find ourselves in.
What pisses me off is that since 2010 the government have missed every single target regarding the deficit and debt. These are promises they made and failed to deliver. 2 years ago the concept of borrowing to invest was laughed at by the party of government as economically illiterate - apparently the economy resembled a household budget and the only way was cut cut cut.
Now, one by one, they seem to be changing their small minds, in other words, admitting they have not a clue what they are doing and the entire economic approach for last 7 years were based not on facts or reason but on classic Tory Boy rhetoric.
I don't share sludges unwavering Corbyn optimism but this lot are woeful and the idea that you can explain every ****-up away with something Gordon brown or Tony Blair shows what a sad pantomime politics in Britain has become.