The Autumn Spending Review

Infrastructure/research, is always the best bang for buck. Labour could have built lots in the boom times, instead they peed the money up the wall.it still reduces unemployment, gets money into the economy but you get something for it, and if its public transport it's the best social mover their is.
 
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DR_Pingu said:
Because labour did a great job of sorting that one out didn't they... In fact, they're the morons who've put us in such a state. Tories aren't much better, but either way I've not voted as there's not much point voting for a 2-headed dragon. If Miliband won the election we'd be even worse off, that's for sure.

Agreeing wholeheartedly that British politics is severely broken at the moment though. We need to adopt things, which will never happen, such as doing what the Icelandics and Portuguese have done which is start by putting those who line their own pockets behind bars (though I'd imagine we'd be left with about 10 MP's if that went ahead, but this is mainly aimed at the bankers). We need to resolve our taxing policies on the huge corporations who effectively mug the entire country of input to the treasury; they are without doubt the greatest cause of our budgeting issues.

Derp.
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the problem being is that all our politicians are in the pockets of these corporations/wealthy people. The tories even more so, why do you think they didn't sort out the housing market, it pays their bills, they are selling the NHS cos they got funded by health insurance barons, its all just corrupt!
 
Caged said:
So what does renationalising the rail infrastructure count as?
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Absolutely nothing. Its not new money. Its not new projects. It still run as a private non for profit company. TOCs are still private contracts.

It is in no way new infrastructure or creating new jobs via new infrastructure projects.
 
MrMoonX said:
the problem being is that all our politicians are in the pockets of these corporations/wealthy people. The tories even more so, why do you think they didn't sort out the housing market, it pays their bills, they are selling the NHS cos they got funded by health insurance barons, its all just corrupt!
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Yeah I know fella, and even worse is how they use loopholes to line their pockets further by renting off of each other and whatnot... It's disgusting but due to the size of our nation, to be honest, there's practically bugger all we can do. I'm glad Corbyn's at the forefront of Labour though, the fact a lot of his party members disagree with a lot of what he says not only proves how backwards Labour are nowadays (by beings the totally wrong side of what their party is for, instead being pretty much another set of Tories), though, of course, there are things I do disagree with regarding some of the stuff he says. <--- Practically a given with anyone and everyone though, so yeah!
 
Glaucus said:
Absolutely nothing. Its not new money. Its not new projects. It still run as a private non for profit company. TOCs are still private contracts.

It is in no way new infrastructure or creating new jobs via new infrastructure projects.
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What do you mean "still run as a private not for profit company"? Railtrack were a public company with a duty to return value to shareholders, as were Jarvis etc.

Network Rail started spending on railways again in ways that Railtrack weren't doing. We're nowhere near where we need to be but after 20+ years of letting things rot it's starting to pick up. Also we haven't had any deaths caused by poor maintenance since they took over. You can't privatise a monopoly and let them self-regulate and expect things to work out fine.
 
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DR_Pingu said:
Labour continued to borrow more and more, past our means, whilst allowing people to continuously borrow beyond their means which led to a pretty notable collapse.
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Yet in 2007 Osbourne was talking about matching their spending.
http://news.bbc.co.uk/1/hi/uk_politics/6975536.stm

The 2008 'global' financial crisis is what wrecked our economy and allowed the Tory's to get away with what they have done since, aided by all of the ignorant people who actually believe that Labour were to blame.
 
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1. No-one saw the crash coming. It was a black-swan event. To suggest it was obviously predictable is a form of hindsight bias. A few individuals claim they saw it coming, the majority didn't.

2. Prior to 2008, the Conservatives were matching New Labour's spending plans pound for pound as they thought that was the only way into government. In fact, they were saying they would spend more.

3. Extreme examples of wasteful public-spending are not representative of how taxes were used as a whole. Demonising New Labour in this way was the strategy of right-wing think tanks such as the TaxPayers' Alliance and then spun by the Murdoch press.

In fact, there is also the counter argument to the bloated public-sector in that it provided jobs and thus active spending and therefore economic growth when there otherwise would only have been stagnation.

4. The economic catastrophe's catalyst was the sub-prime mortgage crisis in the US and subsequent crash of the Lehman Brothers. It was not the state's fault that the recession happened. The recession was caused by an out-of-control financial sector motivated by relentless greed and opportunism. The only blame the state had here was in not reigning in the financial sector, but seeing as the Tories are notorious for being in the pockets of corporate interests, how is that fair to blame New Labour?

Labour's actual problem was that Brown allowed them to get too close to the banks, something which of course the Tories would never do. This was the political consensus of the time and exactly what neo-liberalism wanted.

http://www.theguardian.com/business...sible-crash-bank-england-governor-mervyn-king

5. The Tories have added more debt in the past five years of office than every other Labour government combined.

http://www.politics.co.uk/comment-a...ill-leave-more-debt-than-all-labour-governmen

Additional:

http://www.huffingtonpost.co.uk/ramesh-patel/growth-cameron-austerity_b_2007552.html
 
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Here they go again... :(

I am not into politics but I am gonna take a wild guess here that the cuts aren't going to come from MP's wages or banker's bonuses.
 
Hiijinx said:
I am not into politics but I am gonna take a wild guess here that the cuts aren't going to come from MP's wages or banker's bonuses.
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Well no, because such cuts would be pointless political point scoring and serve no real purpose. The MP's pay bill isn't of a sufficient size for cuts to it to have any credible purpose and RBS aside it isn't government budgets that pay bankers a performance bonus so 'cutting' bankers bonuses serve only to increase the employing organisations profits in the short term.

But keep repeating the same tired rubbish though.
 
DR_Pingu said:
Because labour did a great job of sorting that one out didn't they... In fact, they're the morons who've put us in such a state. Tories aren't much better, but either way I've not voted as there's not much point voting for a 2-headed dragon. If Miliband won the election we'd be even worse off, that's for sure.
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The debt is higher now then when Osborne became Chancellor.
 
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Duke said:
Worse in what way / measurement?
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Economic recovery.

The UK for example, is a very similar economy to the US. Both the Federal Reserve and Treasury responded in similar ways. The US however, have recovered much faster than the UK and continue to do so.

The Bank of England themselves think that this is due to a difference in investment and consumption behaviour.

Reduced investment and consumption behaviour is directly correlated to the austerity myth which the Tories have been pedalling.
 
V F said:
Fox, Cameron can find 10 million to kit out Cam Force One.
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So let's continue to pay overpriced rental costs chartering commercial widebody jets then?

He's not getting Air Force One - he's getting an RAF A330 which, when not in use for air tanker duties, can double as official transport. This is *still* not quite as good as that which is afforded to most other heads of state, yet still people complain because they see only headline figures and stupid sound-bites and don't think before having a good whinge. Nobody complains the German's waste money and they've got two A340's fully kitted out!

Thomas Cook have one of the other A330 air tankers's - they are sensible options for cost effective leasing.

You need a new car - whats cheaper - renting a Focus from Hertz every single time you need to drive somewhere or taking out a 3 year lease on something? Short term spot hire is expensive - this solution gives arguably a more appropriate form of transport with lower long term costs.
 
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Nix said:
Economic recovery.

The UK for example, is a very similar economy to the US. Both the Federal Reserve and Treasury responded in similar ways. The US however, have recovered much faster than the UK and continue to do so.

The Bank of England themselves think that this is due to a difference in investment and consumption behaviour.

Reduced investment and consumption behaviour is directly correlated to the austerity myth which the Tories have been pedalling.
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We've done very well compared to other European countries (didn't one county create more jobs than France at some point?) and have low unemployment, zero inflation, a growing economy, increasing wages.. sounds like things are working out fine (not perfect but nothing is of course). Whether or not we'd done better by borrowing more first or not we'll never know. Having a bloated public sector (which Labour gave us and is being reduced to what is affordable at present), like other failing Euro countries doesn't seem to work out well for them.
 
OldCoals said:
The debt is higher now then when Osborne became Chancellor.
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This is another one I'm sick of people peddling around. Given no party is going to even bring the deficit into line until 2020 at least (and labour didnt want to even promise to do that) We are going to keep borrowing more and more until that balance is reached - only then will the amount of debt start to reduce

So whoever got into powere would have fallen to that daft comment about the debt increasing

Try and think for yourself and and not what you hear or read in forums and tabloids
 
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