What budget? There was nothing to complain about and very little to praise, mainly because the real budget will be along later, with all the tax cuts for the rich.
Quote
The independent Office for Budget Responsibility said Mr Osborne's plans implied "a much sharper squeeze on real spending in 2016-17 and 2017-18 than anything seen over the past five years, followed by the biggest increase in real spending for a decade in 2019-20", a pattern it described as a "rollercoaster profile".
BBC economics editor Robert Peston said the Conservatives believed this critique was unfair as more than a third of the cuts earmarked for the first two years would come from welfare rather than departmental spending - though these had not been spelt out.
http://www.bbc.co.uk/news/uk-politics-31956459
UKIP leader Nigel Farage
"This government has evidently failed in it's promise to the British people to eradicate the deficit and whilst it took Labour 13 years to double the debt this government has done it in five. Mr Osborne talks about a long-term economic plan, today he pushed all his targets back and created a long grass economic plan."
http://www.bbc.co.uk/news/uk-politics-31949561
I have had a better 4 years under this lot, than I ever did under the last lot.
My mortgage alone is £200 cheaper, Diesel is saving me £10 per tank, my water rates have dropped this year & there is only a minimum increase in my council tax.
Oh & from next year I will be able to earn £11k before paying any income tax....
What did the last lot do? sold our gold for record lows, brought in a 10p Tax band & bankrupt the company by introducing a lot of red tape & over staffing the public sectors (but not the NHS) - buying votes by employment. Who is not going to vote Labour if their job was created under them & then means its put at risk?
and what do we have to come.... Mr Kinnock Son running as MP & Tony Blair's Son. Both given safe seats in the UK to defend (Kinnock Constiuency has been held by labour for over 100 years & last election got a 70% majority), Same old Labour. You talk about tories & their public school job for the boys ethos. Labour aint far behind them.
Quote from: Eggtastico on March 23, 2015, 18:24:53 PM
I have had a better 4 years under this lot, than I ever did under the last lot.
My mortgage alone is £200 cheaper, Diesel is saving me £10 per tank,
baserate has been on its arse for 7 years, not down to this lot.
cost of oil isnt influenced by govt.
Seemed like a fantastic budget to me, very little to complain about unless its the slightly generous decision not to increase/maintain current duty levels on tobacco and alcohol.
Economy is doing fantastically, deficit is down and on track, focus remains on stimulating private economy and growth while reducing the state sector - the only sensible way to proceed.
Removal of paper tax returns is a nice plan and the inheritance review is long overdue, for that alone I'll be voting to keep them in office.
Quote from: bytejunkie on March 24, 2015, 10:54:49 AM
Quote from: Eggtastico on March 23, 2015, 18:24:53 PM
I have had a better 4 years under this lot, than I ever did under the last lot.
My mortgage alone is £200 cheaper, Diesel is saving me £10 per tank,
baserate has been on its arse for 7 years, not down to this lot.
cost of oil isnt influenced by govt.
but their recovery plan has not worked out exactly & the last lot arsed it up so my mortgage is 50% cheaper.
WIN WIN I say.
Blimey some of you don't half like the beebs propaganda.
http://www.zerohedge.com
Just leaving this here, give it a gleg now and again.
Quote from: Eggtastico on March 23, 2015, 18:24:53 PM
I have had a better 4 years under this lot, than I ever did under the last lot.
My mortgage alone is £200 cheaper, Diesel is saving me £10 per tank, my water rates have dropped this year & there is only a minimum increase in my council tax.
Oh & from next year I will be able to earn £11k before paying any income tax....
What did the last lot do? sold our gold for record lows, brought in a 10p Tax band & bankrupt the company by introducing a lot of red tape & over staffing the public sectors (but not the NHS) - buying votes by employment. Who is not going to vote Labour if their job was created under them & then means its put at risk?
and what do we have to come.... Mr Kinnock Son running as MP & Tony Blair's Son. Both given safe seats in the UK to defend (Kinnock Constiuency has been held by labour for over 100 years & last election got a 70% majority), Same old Labour. You talk about tories & their public school job for the boys ethos. Labour aint far behind them.
So the banks dropped the interest rates, cause they had to - nothing to do with the conservatives there as Labour made Bank of England independent. Inflation dropping to zero has more to do with world oil prices collapsing - which is also why your diesel is cheaper. I wonder how much you would have been earning extra had the labour started recovery continued?
Labour sold gold cheap? How often have I heard that? The Conservatives sold off a heck of a lot more cheap, including the post office, estimated £1 billion below market value. 10p tax band meant less tax to you. Every government we have had has put in more 'red tape' - including Thatcher's.
As for Kinnock and Blair's sons going into politics I think you will find the conservatives are just the same. They will put in anyone who they believe will be popular.
Quote from: Serious on March 25, 2015, 12:07:30 PM
Quote from: Eggtastico on March 23, 2015, 18:24:53 PM
I have had a better 4 years under this lot, than I ever did under the last lot.
My mortgage alone is £200 cheaper, Diesel is saving me £10 per tank, my water rates have dropped this year & there is only a minimum increase in my council tax.
Oh & from next year I will be able to earn £11k before paying any income tax....
What did the last lot do? sold our gold for record lows, brought in a 10p Tax band & bankrupt the company by introducing a lot of red tape & over staffing the public sectors (but not the NHS) - buying votes by employment. Who is not going to vote Labour if their job was created under them & then means its put at risk?
and what do we have to come.... Mr Kinnock Son running as MP & Tony Blair's Son. Both given safe seats in the UK to defend (Kinnock Constiuency has been held by labour for over 100 years & last election got a 70% majority), Same old Labour. You talk about tories & their public school job for the boys ethos. Labour aint far behind them.
So the banks dropped the interest rates, cause they had to - nothing to do with the conservatives there as Labour made Bank of England independent. Inflation dropping to zero has more to do with world oil prices collapsing - which is also why your diesel is cheaper. I wonder how much you would have been earning extra had the labour started recovery continued?
Labour sold gold cheap? How often have I heard that? The Conservatives sold off a heck of a lot more cheap, including the post office, estimated £1 billion below market value. 10p tax band meant less tax to you. Every government we have had has put in more 'red tape' - including Thatcher's.
As for Kinnock and Blair's sons going into politics I think you will find the conservatives are just the same. They will put in anyone who they believe will be popular.
Gold sell off lost $19billion - thats a big difference in the £1billion from the Royal Mail float. Even then not 100% of Royal Mail was sold off.
Last 4 years have been great for me financially - especially considering the first year of it I could walk or work. Even with all the libcons austerity & cuts.
As for the 10p tax rate, if I was going to be better off, how come I got a tax rebate?
Gold sell off lost $19billion - thats a big difference in the £1billion from the Royal Mail float. Even then not 100% of Royal Mail was sold off.
/quote]
QuoteBy 2007, the price of gold had reached US$675, and the loss to the UK taxpayer (contrasted to selling the gold later) was estimated at more than £2 billion,
Even at the highest point for gold it would have been about £8 billion loss. The problem wasn't so much they sold the gold but how. Pre announcing and selling through auction meant the market was depressed further.
Quote from: Eggtastico on March 26, 2015, 07:34:12 AM
Last 4 years have been great for me financially - especially considering the first year of it I could walk or work. Even with all the libcons austerity & cuts.
As for the 10p tax rate, if I was going to be better off, how come I got a tax rebate?
Perhaps that would have happened anyway, no matter who was in? You might have been better off if the conservatives had not won the last election.
this article is where I pulled the $19billion from.
http://ampp3d.mirror.co.uk/2014/04/11/the-final-word-on-gordon-browns-gold-sell-off/
no, I wouldn't have been. I run my own small business & have had all sorts of good things happen under libcons. Including a £2k NI rebate each year.
I am one of those that libcons pledged to help. the ones that will get up off their arse & get on with work.
Quote from: Eggtastico on March 28, 2015, 14:13:38 PM
this article is where I pulled the $19billion from.
http://ampp3d.mirror.co.uk/2014/04/11/the-final-word-on-gordon-browns-gold-sell-off/
Incredible, they are saying that they foresaw that 12 years later the gold price would go up that much and Brown should have waited.
Or not. There was no way of predicting that the gold market would change that much, and as it says for the first 3 years it didn't change much - $277 up to $376. Truth is you also have to vector in the change in value of currency too. Due to inflation the value of the pound and dollar was much less in 2011 as in 1999 - put that in and it's about 8bn over a time scale where it's impossible to predict what will happen.
Further down the page... $1.3bn Hypothetical losses from selling at $277/oz instead of the average price over next three years.
and still further... Between 1970-71 the Bank of England sold nearly half of our gold reserves. Just like the Brown sell-off it was sold at a historic low of about $42.5/oz in October 1971. Only a year later it was worth $65/oz.
That last one was the conservatives under Edward Heath. OMG $42.50 an ounce? How much did that cost us? :panic: :panic: :panic:
And of course the Tories didn't sell off the rest of the reserves at the peak. Wow, price of gold has dropped dramatically since then so how much money did Cameron lose us by not selling?
Gold can be a very volatile investment option, and, as with shares, can go down as well as up. Predicting that is extremely difficult in the short term and impossible if your attempted prediction is over many years. As with plenty of other issues it's easy to claim people got it wrong with hindsight.
BTW that is a Daily Mirror article, perhaps you should have read it fully before posting. The Daily Mirror generally sides with the Labour party rather than the Conservatives. The article's aim is to show why the Tories claims were nonsense.