[Politics] Rishi sunak

[zefarelly]

They only act when forced into action rather than any coherent plan

The cost of living crisis has been compounded by 40 years of Thatcherite policies, having a privitised economy and smaller state to the detriment of the consumer and benefit of shareholders

Also the current government enforced 10 years of austerity, unneccesarily, where the deficit increased and borrowing is higher than ever, meaning they have less in the pot. They will have to raise taxes, more quantative easing and more borrowing. This is exarcerbated by Brexit disaster which has cost the country 100's of Billions.

Our children and their children will pay the price for years of Tory economic failure

That's just the good bits

 

[Stumpy Tim]

do love how you Trot out the cliches, unaware one contradicts the other - if there was such austerity, how come so much more was borrowed?

That isn't a contradiction at all. Austerity caused a lack of money in people's pockets, so people spent less, meaning the economy didn't grow as it should have.. which meant less tax revenue to the government. And hence the government had to borrow. Quite simple economics really

 

[beorhthelm]

That isn't a contradiction at all. Austerity caused a lack of money in people's pockets, so people spent less, meaning the economy didn't grow as it should have.. which meant less tax revenue to the government. And hence the government had to borrow. Quite simple economics really

thats an argument around growth, theres a case for underinvestment in areas that stimulate that growth. general public spending does not. the simple economics is spending was greater than the economy grew, leading to more borrowing necessary. austerity would suggest spending reduced, which occured in only one year (2014).

 

[Pondicherry]

That isn't a contradiction at all. Austerity caused a lack of money in people's pockets, so people spent less, meaning the economy didn't grow as it should have.. which meant less tax revenue to the government. And hence the government had to borrow. Quite simple economics really

I never realised economics was so simple. The more you spend, the more you have.

 

[Stumpy Tim]

I never realised economics was so simple. The more you spend, the more you have.

Well in good times the government should save, to avoid inflationary pressures. During bad times governments should spend their way out if it. Cameron & Osbourne got it wrong - they suffocated spending in a recession

 

[vegster]

Incredibly generous by the standards of the last 12 years, civid excepted.

However, there may need to be further injections of cash as people will be struggling to eat and to heat by November when the winter bills start rolling in.

 

[nicko31]

In favour of the windfall tax but only distributing to those in need. Giving it to everyone else just stokes inflation.

Classic crowd pleasing populism from a government in hot water and in a panic, but as usual no real strategy. They're not in control, just 10 days ago they whipped their MP's to vote again a windfall tax

Also mythed why Sunak would show his hand that he intends to extend the windfall tax on the energy past a year, achieves nothing and risks divestment

3/10

 

[Bodian]

In favour of the windfall tax but only distributing to those in need. Giving it to everyone else just stokes inflation.

Classic crowd pleasing populism from a government in hot water, but as usual no real strategy. They're not in control

Also mythed why Sunak would show his hand that he intends to extend the windfall tax on the energy past a year, achieves nothing and risk divestment

3/10

The people who own the house next door to me will be getting £400 towards their energy bill. It is their second home, that they use for about 30 days a year.

They'll also be getting their £400 for the house they actually live in.

The couple who own the AirBnB over the road have already put up their prices to 'cover increased energy bills'. I wonder whether they will be putting them down again to reflect the £400 they will be getting for their third property.

Hmm.