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Who's a pretty boy then - Georges Budgie









Monsieur Le Plonk

Lethargy in motion
Apr 22, 2009
1,862
By a lake
Well that budget should give some of those scroungers sitting at home earning more than 21k a kick up the jacksi.
 




seagullsovergrimsby

#cpfctinpotclub
Aug 21, 2005
43,946
Crap Town
To be honest, I kind of understand it from the Tories, it is an idealogically Tory budget. I hate it, but there you go. But the Lib Dems, cluck me they've sold out, they're a friggin disgrace.

The LibDems are now seen as wannabee Tories , they will be mightily f***ed in the next general election.
 








seagullsovergrimsby

#cpfctinpotclub
Aug 21, 2005
43,946
Crap Town
in terms of cost of living, brightonians probably earn quite little compared to other cities.

Up north , earning £12k a year gets you singled out as being rich. Wages in Brighton aren't all that brilliant but thats made up by being able to live there.
 






ROKERITE

Active member
Dec 30, 2007
723
Seems like a responsible budget. I'm particularly impressed by the freezing of Child Benefit and restriction of sure-start maternity payment to first child only. Now those measures might really help the environment, unlike the token gestures of the green movement.
 






seagullsovergrimsby

#cpfctinpotclub
Aug 21, 2005
43,946
Crap Town
It would have been easier to scrap child benefit altogether and integrate it into childrens tax credits.
 


seagullsovergrimsby

#cpfctinpotclub
Aug 21, 2005
43,946
Crap Town
I posted on NSC pre election that VAT would increase to 20% , the point to note from the budget statement is that zero rated goods will stay exempt for the lifetime of this government which gives them the option to remove the exemption should they get re-elected.
 


drew

Drew
NSC Patron
Oct 3, 2006
23,630
Burgess Hill
Don't quite understand why, when they have been banging on about reducing the deficit as quickly as possible they then reduce corporation tax. Why not keep it as it is and allow the economy to grow and reduce the deficit even quicker. No doubt they will spout the age old argument that you then let the entrepreneurs create more jobs!!!
 




Guy Fawkes

The voice of treason
Sep 29, 2007
8,297
Harriet Harman socking it to the Tories - marvellous stuff.

I thought it was rather sad actually - the budget was urgently required to start to clean up the mess left by irresponsible Labour spending, it included a lot of common sense changes designed to improve the massive public debt situation but all she could do was to ignore the seriousness of the situation we are facing and rather than criticising any of the proposals actually put forward in the budget, she decided to was attack the parties in the coalition Government for not following their traditional values / beliefs, - just shows how its more typical party politics bullshit rather that trying to actually solve the problem and act in the interest of the countries future.
 


Guy Fawkes

The voice of treason
Sep 29, 2007
8,297
Don't quite understand why, when they have been banging on about reducing the deficit as quickly as possible they then reduce corporation tax. Why not keep it as it is and allow the economy to grow and reduce the deficit even quicker. No doubt they will spout the age old argument that you then let the entrepreneurs create more jobs!!!

Its designed to stimulate the private sector into growth, when some businesses are struggling with overheads and lower incomes during a recession / start of a recovery, it gives them a chance to become more profitable and therefore more able to invest in research and development, expansion or job creation, bringing longer term benefits to the economy.
 


drew

Drew
NSC Patron
Oct 3, 2006
23,630
Burgess Hill
Its designed to stimulate the private sector into growth, when some businesses are struggling with overheads and lower incomes during a recession / start of a recovery, it gives them a chance to become more profitable and therefore more able to invest in research and development, expansion or job creation, bringing longer term benefits to the economy.

Is that the same job creation that the coalition stiffled by removing a 'loan' facility for the Sheffield firm that were involved in the manufacturer of specialised equipment for nuclear reactors that will be in a significant growth sector!!!!!

The banks made fortunes over the decade upto the recession. How many additional jobs were created in that sector?

You need to stimulate demand to increase the economy.
 


Guy Fawkes

The voice of treason
Sep 29, 2007
8,297
Is that the same job creation that the coalition stiffled by removing a 'loan' facility for the Sheffield firm that were involved in the manufacturer of specialised equipment for nuclear reactors that will be in a significant growth sector!!!!!

As they explained when they turned down this loan recently, the Government felt that the firm in question will have no problem in obtaining the required money from the private sector rather than borrowing it from a cash strapped Government that simply doesn't have the money to give away.

Shouldn't the Government and the public purse be the last resort, not the first?
 




drew

Drew
NSC Patron
Oct 3, 2006
23,630
Burgess Hill
As they explained when they turned down this loan recently, the Government felt that the firm in question will have no problem in obtaining the required money from the private sector rather than borrowing it from a cash strapped Government that simply doesn't have the money to give away.

Shouldn't the Government and the public purse be the last resort, not the first?

The government were not providing the full funding, in fact less than half. Not sure where you have been for the last couple of years but banks haven't been lending money. If they had, Bloom might not now be funding Falmer. Also, it is a loan which means the money is repaid with interest. More important is the knock effect of our move towards new nuclear power at a time when gas/oil prices are increasing. Still, George knows best!

Government loan powers Sheffield Forgemasters to become world leader - Telegraph

No Sheffield Forgemasters loan, no new nuclear by 2017 | Environment | guardian.co.uk
 


ROSM

Well-known member
Dec 26, 2005
6,777
Just far enough away from LDC
The government were not providing the full funding, in fact less than half. Not sure where you have been for the last couple of years but banks haven't been lending money. If they had, Bloom might not now be funding Falmer. Also, it is a loan which means the money is repaid with interest. More important is the knock effect of our move towards new nuclear power at a time when gas/oil prices are increasing. Still, George knows best!

Government loan powers Sheffield Forgemasters to become world leader - Telegraph

No Sheffield Forgemasters loan, no new nuclear by 2017 | Environment | guardian.co.uk
And of course the new banking levy will not encourage banks who are highly leveraged will not be encouraged to lend. This means government run banks such as rbs will be hit most.
 


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