austerity measures - what will happen after?

ilcp

ilcp

ilcp

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I am wondering with all these cuts we are saving money, so when the austerity finishes, I HOPE

1. the govt doesn't keep all of the cuts they did to save money
2. doesn't pocket extra money on their own salaries
3. give us a break by reducing tax
 
ilcp said:
I am wondering with all these cuts we are saving money, so when the austerity finishes, I HOPE

1. the govt doesn't keep all of the cuts they did to save money
2. doesn't pocket extra money on their own salaries
3. give us a break by reducing tax
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We're not actually saving money though.

All the austerity measures are doing is attempting to get the books to 'break even'. You then still have decades of chronic overspending to claw back.
 
Nothing, they'll stay cut,

look at benefits for example the current scapegoat although a tiny portion of the budget (JSA), they blamed all that and cut it, you think they'll put it back up?

of course not...

Its same way people think if the govt stopped benefits altogether they'd cut taxes, ofc not.
 
The country will be an apocalyptic wasteland by then, populated by violent squabbles amongst clans of survivors for what little food, water and gas remains.

One man will drift amongst it all, pausing only to deliver his own brand of justice in defence of the weak and abused. This man is The Road Warrior.
 
Pestilence said:
The country will be an apocalyptic wasteland by then, populated by violent squabbles amongst clans of survivors for what little food, water and gas remains.

One man will drift amongst it all, pausing only to deliver his own brand of justice in defence of the weak and abused. This man is The Road Warrior.
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lol qutski?
 
what austerity???
you ain't seen nothing yet.
we need to cut at least another £100 billion, maybe more if the interest rate on our debts keeps going up.
we simply spend too much money and will have to change, and it will be permanent - so get used to being poor! ;)
 
Pestilence said:
The country will be an apocalyptic wasteland by then, populated by violent squabbles amongst clans of survivors for what little food, water and gas remains.

One man will drift amongst it all, pausing only to deliver his own brand of justice in defence of the weak and abused. This man is The Road Warrior.
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:D
 
Yeah all this is to stop us borrowing more which may or may not happen by the next election. Then we gotta start paying back that trillion or so back. The only way you are going to feel "richer" is when the economy starts its next boom cycle
 
ilcp said:
I am wondering with all these cuts we are saving money, so when the austerity finishes, I HOPE

1. the govt doesn't keep all of the cuts they did to save money
2. doesn't pocket extra money on their own salaries
3. give us a break by reducing tax
Click to expand...

Unless Labour get back in - I'm sure they will engineer a mini boom based on some more borrowing.
 
I'm amazed so many people have fallen for the "BIG NUMBER" debt and it's apparent imperative payment. Historically it's not at a particularly high level.

It's just an excuse for an idealogical attack on weak sections of society, a high proportion of which don't vote for the either of the parties in power.

I agree we need to change... but the current ******* is no different.
 
inogen said:
I'm amazed so many people have fallen for the "BIG NUMBER" debt and it's apparent imperative payment. Historically it's not at a particularly high level.

It's just an excuse for an idealogical attack on weak sections of society, a high proportion of which don't vote for the either of the parties in power.

I agree we need to change... but the current ******* is no different.
Click to expand...

So with Gov't debt forecast to be £1.4 trillion by the end of the year and at around 90% of GDP you wouldn't consider that to be a problem?

You don't consider the fact that we spend some £43bn a year on debt repayments and the debt is still getting bigger by around £2 bn a week to be an issue?

Or that in 2014 debt to GDP % will be around 98% and we'll be spending over £50bn a year paying back loans that simply are not reducing. Not a problem?

Ok I'll give you that in the late 40's and early 50's the % rate to GDP was far greater but there was a minor incident call World War 2 that was behind that amount of borrowing.

Up to the mid 90's however that was reducing year on year until Blair and his cronies decided to borrow their way through 3 elections and then try blame it on some crooked bankers in the US.

The cuts we are facing currently in no way go far enough to even make a dent in the the UK debt levels and never will until someone has the balls to have a proper go at the state pension and NHS spending levels.
 
we have always had a huge debt? even before the financial collapse (fc) ? I thought this whole austerity thing was to get over the damage financial collapse has caused?

If the govt was worried about the huge debt, surely it wouldnt have waited for fc to occur?
 
The truth is that we will be invaded by aliens or begging China for the rest of existence to please let us wipe your bums for pennies.

Alternative is:

Demilitarise and save £40-50 B a year.

Raise retirement age to 70 by 2022 Save another £B shed load. (My mother worked until she was 75)

Use half to pay off debt other half to increase school hours to 10 hours a day (and actually teach them something useful) and for the infrastructure projects we should have been doing for the last 3 decades.
 
Moses said:
Welfare as a whole is a significant chunk, http://www.ukpublicspending.co.uk/government_expenditure.html.

And look how much it's being slashed, http://www.ukpublicspending.co.uk/spending_chart_1998_2015UKb_12s1li111mcn_40t (clue - not much... in fact, not at all... the only 'cut' there being in terms of not raising the spending with inflation, so a 'real terms cut'.)

Of course, JSA in particular is only 3% of the above, but if welfare spending as a whole is going to be tackled, JSA has to realistically take a hit, no? The only other way to do it is to go after the pensioners... but no party is going to do that, so it's pointless even floating the idea.
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Ye,

Well it's all a giant mess moses, why don't you part the sea and fix these problems? WELL

THATS RIGHT MOSES YOU AINT GOT NO SUPERPOWAZ NO MORE
 
Moses said:
The only other way to do it is to go after the pensioners... but no party is going to do that, so it's pointless even floating the idea.
Click to expand...

Oh look, wrong again :p

They are already talking about the unsustainability of ring fencing the whole gamut of benefits to pensioners and there are cuts going to happen.

They are even doing the "PR" campaign now to get public opinion on their side, just read an article in the paper today saying a poll shows 70% of pensioners think they should be included in the austerity measures and their benefits cut where not needed. (maybe the poll just asked the wealthy pensioners from the home counties :p)
 
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