f*cking invest then. Austerity is a political choice, throttling the economy is a political choice, it does not come from responsible economics.
haphazard_chore on
How about you stop handing money to an ecosystem that supports illegal immigrants, before all the scare mongering, with ever increasing shortfall estimates!
AlfaG0216 on
We’re gonna have another recession aren’t we? Trussenomics v2?
0Neverland0 on
Odd how this £20bn a year hole in the public finances nearly exactly coincides with the £20bn that the tories cut off NI in the dying days of their administration that all independent commentators said were unaffordable at the time
Acceptable_Beyond262 on
It gone from 22, to 40 to now 100?! Think there’s a bit of fake news here. It is easy to raise that money though..
– Get rid of the £135 duty free threshold for goods sold into the country.
– Get rid of the 5p duty fuel cut (oil prices are down so perfect time to do it).
– Increase sugar tax.
– Increase alcohol duty slightly.
– Increase import duties on certain luxury goods such as watches, and other vanity items.
– Introduce a higher cap on council tax for bands D and above (so cap is currently 5%, increase that to 8% for the higher bands).
– Make sure the VAT on private school fees goes through.
– Increase electric vehicle tax to £20 per year from £0.
– Increase dividend tax to 15-20%.
– Increase gambling tax.
– Increase tax on fags.
– Introduce a small 1% levy on E-cigs.
– Stop housing Asylum seekers in expensive hotels.
Pretty sure that would raise well over the 40bn fairly easily
nedjer24 on
At £183Bn/ year we might want to make one or two adjustments to Brexit.
I bet the next conversation is going to be more tax and debt. Nobody controls spending.
xParesh on
It honestly feels like the Student Union debating Society through some mad quirk of the multiverse now find themselves in government and have suddenly found themselves being the adults in the room.
Now you’ve got the gig you’ve always lusted after, with or without a plan, you’re now having to make real choices that effect real people – many of whom will either live or die by the consequences of your choices – that is the downside of being in power is.
I am no Tory fan but lets be honest, Labour won by default, fair play to them for getting their vote out and making the system work for them.
Be in no doubt, you wanted power and now you have it. Pull yourselves together and make smart political choices or you will end up facing the same political wrath that decimated the Tories.
tits-are-the-best on
I’d honestly get Microsoft in and just refactor the tax system so it wasn’t so fucking stupid.
Given all of the inputs and all of the outputs, there is a single optimised system to which everything is fair within the system and everyone wins.
Or of course just nibble around the edges for another decade. 100 billion is pennies at the scale of nations.
huntsab2090 on
Yes because the tories spunked it to their mates. I hope she makes it fucking clear shes having to clear up their mess.
Mammoth-Ad-562 on
I’d like some clarity on what a ‘black hole’ means.
Is it a deficit or is it that money has gone missing?
Two completely different things entirely
Confident-Gap4536 on
Can’t wait for politically and financially literate people to make fair and evidenced claims in the comments
bibby_siggy_doo on
The number keeps changing with absolutely no evidence besides her new number every week.
13 Comments
f*cking invest then. Austerity is a political choice, throttling the economy is a political choice, it does not come from responsible economics.
How about you stop handing money to an ecosystem that supports illegal immigrants, before all the scare mongering, with ever increasing shortfall estimates!
We’re gonna have another recession aren’t we? Trussenomics v2?
Odd how this £20bn a year hole in the public finances nearly exactly coincides with the £20bn that the tories cut off NI in the dying days of their administration that all independent commentators said were unaffordable at the time
It gone from 22, to 40 to now 100?! Think there’s a bit of fake news here. It is easy to raise that money though..
– Get rid of the £135 duty free threshold for goods sold into the country.
– Get rid of the 5p duty fuel cut (oil prices are down so perfect time to do it).
– Increase sugar tax.
– Increase alcohol duty slightly.
– Increase import duties on certain luxury goods such as watches, and other vanity items.
– Introduce a higher cap on council tax for bands D and above (so cap is currently 5%, increase that to 8% for the higher bands).
– Make sure the VAT on private school fees goes through.
– Increase electric vehicle tax to £20 per year from £0.
– Increase dividend tax to 15-20%.
– Increase gambling tax.
– Increase tax on fags.
– Introduce a small 1% levy on E-cigs.
– Stop housing Asylum seekers in expensive hotels.
Pretty sure that would raise well over the 40bn fairly easily
At £183Bn/ year we might want to make one or two adjustments to Brexit.
[https://www.bbc.com/news/articles/cd988p00z1no](https://www.bbc.com/news/articles/cd988p00z1no)
I bet the next conversation is going to be more tax and debt. Nobody controls spending.
It honestly feels like the Student Union debating Society through some mad quirk of the multiverse now find themselves in government and have suddenly found themselves being the adults in the room.
Now you’ve got the gig you’ve always lusted after, with or without a plan, you’re now having to make real choices that effect real people – many of whom will either live or die by the consequences of your choices – that is the downside of being in power is.
I am no Tory fan but lets be honest, Labour won by default, fair play to them for getting their vote out and making the system work for them.
Be in no doubt, you wanted power and now you have it. Pull yourselves together and make smart political choices or you will end up facing the same political wrath that decimated the Tories.
I’d honestly get Microsoft in and just refactor the tax system so it wasn’t so fucking stupid.
Given all of the inputs and all of the outputs, there is a single optimised system to which everything is fair within the system and everyone wins.
Or of course just nibble around the edges for another decade. 100 billion is pennies at the scale of nations.
Yes because the tories spunked it to their mates. I hope she makes it fucking clear shes having to clear up their mess.
I’d like some clarity on what a ‘black hole’ means.
Is it a deficit or is it that money has gone missing?
Two completely different things entirely
Can’t wait for politically and financially literate people to make fair and evidenced claims in the comments
The number keeps changing with absolutely no evidence besides her new number every week.