2022 mini-budget discussion

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GordyR said:
You're not being asked to deliver an in-depth budget. You made a sweeping claim, that completely flies in the face of all evidence.

If you think that balancing the huge cost of the mini-budget by shrinking the budgets of the NHS and the police is a good idea, then it's not unreasonable to ask you by how much you would cut each.



Yeah, I'm just asking for one example and an explanation of why you think it would be a good idea... Still...
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It's 'General Discussion' and I've already given what I believe to be more than a general indication of my opinion.
 
Uther said:
When they talk about cuts, they don't mean them.
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It's most likely going to mean a freeze to welfare budgets, as its between 25-27% of government expenditure.

The question is whether the recession will be mild or deep will decide whether its a freeze or, a cut. A freeze is more likely, due to inflation.

The tax cuts and the energy deal were a pre-emptive strike against debt going up, inflation going up, interest rates going up and non-public GDP being strangled as a result.

The strangulation of non-public GDP to pay for public services and investment would have led to deep cuts in public services spending, in real terms, if inflation runs riot.
 
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thenewoc said:
It's 'General Discussion' and I've already given what I believe to be more than a general indication of my opinion.
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If your opinion is that cutting red-tape is a good idea, then you should at the very least be able to say what red-tape.

If your opinion is that cutting the budgets of the NHS and the police is a good idea, then you should at the very least be able to say by how much.

As it stands, you're just saying random stuff and then refusing to be specific when those opinions are examined. It's almost as if you don't actually know.

Does the fact that you've been either unwilling or unable to answer these questions not give you pause for thought at all?
 
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Given the self aggrandisement and shows of in depth knowledge of all matters business and financial, and the claimed near universal support for siding with Ukraine and knowing and expecting the retaliations Russia could take against the well being of most European countries, I can't really see why those who have migrated here from Speaker's Corner are so worried and seemingly surprised and annoyed about the increases in the cost of living and the uncertain energies future?

Liz Truss made it clear big changes would be made under her watch, and rules would be torn up. That's what seems to be occurring. It is all surely something they have catered for in their budgets, and in the case of fuel shortages and costs, due to supporting Ukraine in a proxy war against Russia, something they can readily welcome as par for the course in deciding to bite a hand that directly or indirectly heats and feeds you?

Given the financial acumen on display why are those astute forum members not taking advantage of the situation like they claim "friends" of the chancellor are doing, instead of moaning about it? If I see someone making a lot of money I ask myself if there's a way of me doing the same, even if on a smaller scale. I don't go on internet forums berating their endeavours :)You don't have to be a Tory to do the same, even a Labour supporter can access the same markets and use the same situations to make themselves money out of it. Get on with it, if a dinosaur buffoon like Rees-Mogg can do it, surely the cream of Speaker's Corner can?

In case this sort of thing needs an instruction sheet, Google can assist:

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:)
 
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Probably fine to lock this thread tbh.

It's quite a hassle to keep on top of:
- budget thread
- truss thread
- mortgage thread
- cost of living thread
- wait to exchange thread
- energy prices thread
- kier starmer thread

there's massive overlap.
 
CapitalOne said:
All that Blue Tape....
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Chris Wilson said:
Given the self aggrandisement and shows of in depth knowledge of all matters business and financial, and the claimed near universal support for siding with Ukraine and knowing and expecting the retaliations Russia could take against the well being of most European countries, I can't really see why those who have migrated here from Speaker's Corner are so worried and seemingly surprised and annoyed about the increases in the cost of living and the uncertain energies future?
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You realise the Ukraine war and Putin have nothing to do with what happened this week on the financial markets, right?
 
Besty said:
It's most likely going to mean a freeze to welfare budgets, as its between 25-27% of government expenditure.

The question is whether the recession will be mild or deep will decide whether its a freeze or, a cut. A freeze is more likely, due to inflation.

The tax cuts and the energy deal were a pre-emptive strike against debt going up, inflation going up, interest rates going up and non-public GDP being strangled as a result.

The strangulation of non-public GDP to pay for public services and investment would have led to deep cuts in public services spending, in real terms, if inflation runs riot.
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A freeze is a cut though in real terms. If infltion is 10% and someone gets 3% then that's a hell of a cut in the present situation.
 
fez said:
40,000 nurses left or retired last year, many of whom weren't retirement age. Luckily we are replacing them at a slightly higher rate albeit with completely new and untrained ones that cost a lot of money to train and obviously drain the resources of the existing pool of trained nurses.
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Unfortunately true.

What's also unfortunately true, is that tax rises put in place to pay for them were moaned at. Tax rises then removed to help economy...also moaned at :D
 
GordyR said:
You're not being asked to deliver an in-depth budget. You made a sweeping claim, that completely flies in the face of all evidence.

If you think that balancing the huge cost of the mini-budget by shrinking the budgets of the NHS and the police is a good idea, then it's not unreasonable to ask you by how much you would cut each.



Yeah, I'm just asking for one example and an explanation of why you think it would be a good idea... Still...
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Truss has said they need to cut red tape and that's good enough for him. He doesn't know why, where, or how but a Con PM said it so that'll do.
 
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200sols said:
You realise the Ukraine war and Putin have nothing to do with what happened this week on the financial markets, right?
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It has a lot to do with energy prices and grain prices on which whole industries rely, and which people are moaning about whilst posting gleeful links to our supporting role in Ukraine.
 
Chris Wilson said:
It has a lot to do with energy prices and grain prices on which whole industries rely, and which people are moaning about whilst posting gleeful links to our supporting role in Ukraine.
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The reaction has nothing to do with energy prices or grain prices and everything to do with massive tax cuts funded by borrowing (the worst kind) and the government censuring the OBR.
 
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thenewoc said:
If the NHS and police were run properly you could certainly make savings in both by cutting out unnecessary wastage spent on tiers of employees that are not providing the front line services along with cutting back on capital expenditure projects. Plus cutting benefits for those that don't have a disability that would prevent them taking up work. I suspect there's a lot that could be cut at a local level too such as the cost of housing economic migrants. There must be a lot of money wasted by councils for council tax bills to be as high as they are or too many people are getting subsidised council tax bills, leaving an unfair burden upon those that are working in higher paid jobs.
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Loads of councils dont have enough money to supply the level of service they are legally obligated to and you want to cut their money more?????????????
 
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