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By *otMe66 OP Man
over a year ago
Terra Firma |
Reeves has tied herself up with her own fiscal rules and is still refusing to change course at the expense of the country! Her poor budget and performance has increased government borrowing costs and wiped out the £9.9billion safety net she had! Labour is now stuck they can’t borrow (Reeves fiscal rules), can’t tax (pledge), and can’t spend without more cuts. The only option they have left is cutting benefits and public services, sounds like austerity to me.... To compound the issues we are facing, business is contracting and lack of spending is having a significant hit on growth.
Starmer is now in a lose - lose situation. If he sticks with Reeves, he is more or less Tory Lite. If he forces her to change course, he is admitting she got it wrong and how could that keep her in role? Either way, he is in political mess.
What is the answer, keep supporting or cut? |
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By (user no longer on site)
over a year ago
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If he keeps her the situation will just go from bad to worse so he is delaying the inevitable.
Same is true for Miliband. There will be no growth while we continue to pursue the Net Zero fantasy.
Sooner or later Starmer will have to dump them both to save his own skin.
Meanwhile the OECD has reduced UK growth estimates for the next two years, and increased this year’s inflation estimate. |
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Vote for us on Thursday we will hit the ground running on Friday, we have a plan to fix everything
Housing starts down
Housing completions down
Property transactions down
Car sales down
Retail and online sales down
Hospitality down
Business confidence lndex low; four consecutive months
Business investment down
Business lending down
Interest rate falls slow due to budget
Higher unemployment
Economic growth forecast halved
Chancellors CV found to be fake |
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By *eroy1000Man
over a year ago
milton keynes |
"Vote for us on Thursday we will hit the ground running on Friday, we have a plan to fix everything
Housing starts down
Housing completions down
Property transactions down
Car sales down
Retail and online sales down
Hospitality down
Business confidence lndex low; four consecutive months
Business investment down
Business lending down
Interest rate falls slow due to budget
Higher unemployment
Economic growth forecast halved
Chancellors CV found to be fake "
But it's early days yet and more things they can send backwards. Trump with his tariffs etc affecting trade may give them another excuse as well as the usual blame it on the Tories of course. Anything but look at themselves |
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By *otMe66 OP Man
over a year ago
Terra Firma |
"Vote for us on Thursday we will hit the ground running on Friday, we have a plan to fix everything
Housing starts down
Housing completions down
Property transactions down
Car sales down
Retail and online sales down
Hospitality down
Business confidence lndex low; four consecutive months
Business investment down
Business lending down
Interest rate falls slow due to budget
Higher unemployment
Economic growth forecast halved
Chancellors CV found to be fake
But it's early days yet and more things they can send backwards. Trump with his tariffs etc affecting trade may give them another excuse as well as the usual blame it on the Tories of course. Anything but look at themselves"
Candour, don't forget the candour, Starmer is hot on that except when it comes to Reeves. |
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Like I said before give em enough rope and they will hang themselves.
Trouble is everyone is suffering because their ineptitude and trying to be clever than they actually are.
Full of optimism 8 months ago, soon evaporated.
I just switch off when they come on the tv.
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By *otMe66 OP Man
over a year ago
Terra Firma |
The changes to the benefits system is basically a Labour bailout.
These changes are simply future proofing the next election, carefully timed to show fiscal responsibility before the 2029 election. They are delaying the majority of the financial impact until after Labour hopes to have won another election. The cuts are definitely to avoid breaking Reeves's fiscal rules by gradually reducing welfare spending instead of increasing borrowing or taxes, which still could happen but I expect this is going to soften the spring statement.
It is all strategic, Labour appears financially responsible while keeping spending cuts far enough away to limit backlash today, and hoping the majority of people have softened by the time the changes kick in.
I should have really said bailout for Reeves, to be more accurate. |
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