agent69
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Post by agent69 on Mar 7, 2024 9:49:16 GMT
This dying government was ostensibly a right-wing 'low tax' one, but they have risen taxes to their highest overall levels in over 70 years. And yet debt has grown to the highest ever levels (excluding world wars), and public services have fallen to the lowest ever levels. We're getting ABYSMAL value for money. What the hell are they doing with it? (Apart, obvs, from splooging it to their buddies) Spending between £400bn and £500bn on Covid and the fallout from the war in Ukraine?
Edit: and then about £150bn for Brexit, which was supported by the majority of those that voted
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adrianc
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Post by adrianc on Mar 7, 2024 10:11:24 GMT
And yet debt has grown to the highest ever levels (excluding world wars), and public services have fallen to the lowest ever levels. We're getting ABYSMAL value for money. What the hell are they doing with it? (Apart, obvs, from splooging it to their buddies) Spending between £400bn and £500bn on Covid and the fallout from the war in Ukraine?
Edit: and then about £150bn for Brexit, which was supported by the majority of those that voted
Strange how France and Germany have both seen debt-to-GDP fall since 2020, while the UK's risen.
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Post by overthehill on Mar 7, 2024 10:14:49 GMT
Labour will do exactly the same as they did last time in power, borrow borrow borrow spend spend spend to make themselves look good and competent and bankrupt bankrupt bankrupt the country. The economy will tank and employment will soar as it does with every Labour government. Investors and business are ready for it this time. Look what happened when Liz Truss tried to defy the laws of economics. With the exception of Truss the conservatives normally show some responsibility when it comes to budgeting. All governments waste money at astronomical levels, not sure who is worse.
The Keir Starmer show is going to be a shitshow from the start. It's not even one party, it's two parties with a horrible mating ritual pretending just so they can get in power. Not to mention all the putin loving apologists in the party and it's communist ties historical and current, he's going to need a lot of luck to keep the wreck afloat !
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keitha
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Post by keitha on Mar 7, 2024 11:46:52 GMT
This dying government was ostensibly a right-wing 'low tax' one, but they have risen taxes to their highest overall levels in over 70 years. And yet debt has grown to the highest ever levels (excluding world wars), and public services have fallen to the lowest ever levels. We're getting ABYSMAL value for money. What the hell are they doing with it? (Apart, obvs, from splooging it to their buddies) In many cases organisations and Government waste OUR money:- HS2 guy on the radio the other weeks saying main contractors on HS2 so risk averse that subbies weren't allowed to work in the rain, the guy said in the previous week he spent 4 days just sat in his car but being paid. Suspensions of staff Caerphilly suspended a senior officer on £137,000 a year for 6 and a half years before sacking him for gross misconduct " With legal costs and payouts to the two other officers involved, the cost to the tax payer has been estimated at between £4m and £6m." that's one incident in one local authority, how much nationally again CBC employs over 8000 staff for 180,000 residents. 1 per 22 residents compare that to Cardiff 13,000 staff for 369,000 1 per 28 Blaenau Gwent 2880 for 69,000 1 per 23 it's logical that there are higher numbers of staff proportiontely in smaller councils each will have the same number of departments with heads, deputies, PAs etc Wales has 22 local authorities for just over 3 million residents ie an average of 136,000 residents England has 317 local authorities for 56 million 1 per 176,000 of course that ignores the duplication of counties and districts within most of England and for example you don't get full duplication so County Councils are responsible for highways, schools, social services etc the latter 2 being most of the staff employed within the county.
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benaj
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Post by benaj on Mar 7, 2024 12:03:48 GMT
What about audit? Is it really that bad no “independent” department carry out audit on spending waste? Why our National Audit Office can’t say how bad they are performing? www.nao.org.uk/
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keitha
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Post by keitha on Mar 7, 2024 14:01:27 GMT
What about audit? Is it really that bad no “independent” department carry out audit on spending waste? Why our National Audit Office can’t say how bad they are performing? www.nao.org.uk/Anyone remember the episode of yes minister where sir Humphrey wants Hacker to reprimand "South Derbyshire council" which is the best run most efficient council in the country, and Humphrey goes on about how they won't spend time producing the statistics that his department wants to measure how efficient they are. Having worked with and for local Authorities it rings so true, efficient organisations are often those that don't invest huge amounts in collecting and analysing data they don't need for the provision of services.
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benaj
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Post by benaj on Mar 7, 2024 14:41:20 GMT
😅 I suppose for some it’s easier to live in a fictional world, dealing with fictional characters and fictional budgets. No real pain.
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Post by captainconfident on Mar 7, 2024 15:29:53 GMT
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keitha
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Post by keitha on Mar 7, 2024 15:54:35 GMT
I live in the real world with a real budget and real pain.
Part of the reason I have invested in Solar and battery, and Ripple Yes I can do this and afford to and many can't
what do I get for my investment, well RIPPLE I can't say as the Windfarm not yet live
Solar and Battery, because I have it I can be on Flux at 17P cheap rate rather than 27p on SVT that saves me 10P on every kWh I import
real world, since 1/11/23 I have have imported 560kWh of electricity, used 630 and exported 200 cost including standing charge £120 just under £1 a day. over the same period at 27p on SVT I would have spent £230 a saving in the worst 4 months of the year of £110. but it gets better I take part in Octopus saving sessions, this winter I can turn the points I have made to £90 of credit meaning November through February my electricity bill this year is effectively £30.
March through mid October I expect my exports to more than pay my bills If I take a rolling year my electricity cost including SC is -£185 instead of £660 on SVT ie the system is worth £850 a year ( excluding saving sessions )
Gas I'm on Octopus tracker Gas cost since 1/11 is £270 compared to £450 on fixed
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adrianc
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Post by adrianc on Mar 7, 2024 16:39:29 GMT
I heard it this morning. It was not Hunt's finest moment. He got his feet held to the fire, and he whimpered loudly. Hunt IS relying on fiscal drag, not moving thresholds at a time of high inflation... "But in a withering assessment, the highly respected Institute for Fiscal Studies (IFS) said for every £1 handed back to voters by the chancellor, the decision to freeze tax thresholds would claim £1.30."Rajan actually said "They call you the fiscal drag queen, don't they?" - an FT opinion piece used the term yesterday in a budget review headlined "Chancellor's fiscal drag act"... www.ft.com/content/de2e3532-00b6-4e79-a104-3fa5844cb505"This is fiscal drag, and Hunt is the fiscal drag queen: he even came dressed as his Labour shadow, Rachel Reeves."As for the "soviet" line - what was actually said was "you've launched something called the Public Sector Productivity Plan - a mildly soviet title, but let's not be cynical".Interview starts at 2hr12 in - www.bbc.co.uk/sounds/play/m001wymc - and the "unworthy" exchange starts about 2hr27.
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Post by captainconfident on Mar 7, 2024 19:59:44 GMT
I ate the popcorn and listened to the whole thing. Actually its quite entertaining and both acquit themselves well. The Independent is being histrionic in its piece but its all about clicks these days. I rate Hunt as the best politician the Tories have in a thin field. A Tory budget at this point in the electoral cycle, with defeat looming was always going to be an exercise in hypocracy and he played the cards as his party demanded. I am sure he is happy that his party will lose the election and that he will not have to deal with reality.
I notice, 'defence spending will go to 2.5%of gdp as soon as the economy can afford it'. Ironically that extra cost, about 10 billion, is about the amount he cut the gvt's revenue with his NI cut.
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ilmoro
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Post by ilmoro on Mar 9, 2024 12:43:52 GMT
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