Fucking hell just shut the fuck about Yemen. No one gives a flying fuck about it.
It's the greatest humanitarian crisis in our world! As PM putdowns of Opposition Leaders at #PMQs go, this is among the worst.
It also shows what a shallow person you are
Er, no offense Mike, but I think COVID, which has killed millions, and caused the greatest global economic and social emergency since World War 2, is a bigger humanitarian crisis than Yemen.
The war in Yemen has killed a quarter of a million. The pandemic has killed ten times that but globally. The difference is the fact that the war has a concentrated death toll in one country that is also suffering the pandemic's effects. It is, therefore, appropriate to ask questions about reducing aid there.
Ridiculously pessimistic OBR forecast growth figures. Don't believe them for a second.
Plan for the best, prepare for the worst.
Twas always the best idea.
4% growth this year and 1.6% in 2023 is really the worst possible.
Setting the floor low to clear it easily in future years it seems.
Lockdown supporter in 'refusal to believe the shattering effects of lockdown' shock.
Lockdown is ending. We're not going to be in lockdown in 2023.
So its being out of lockdown we're talking about, not being in lockdown. 🙄
The effects of lockdown are going to last way, way beyond lockdown. Surely.
If the government had just shut down your business by fiat for months on end, even though you invested thousands trying to make it covid safe, you might think twice about starting up again.
Or you might think 20 times.
Or you might not bother.
What's to stop them doing it again when Chris Whitty feels a bit nervous? nothing.
How does a mortgage guarantee work? If house prices fall and the bank dips out on a repossession, the tax payer makes up the difference?
House prices can never go down.
That’s the absurd situation we find ourselves in.
Fk the next generation....
Absolutely nothing new. Keynes warned about wages and prices being sticky downwards approaching a century ago now and that applies just as much to house prices.
The key is to stabilise house prices while increasing wages faster than house prices thus bringing down price to wage ratios.
Ridiculously pessimistic OBR forecast growth figures. Don't believe them for a second.
Plan for the best, prepare for the worst.
Twas always the best idea.
4% growth this year and 1.6% in 2023 is really the worst possible.
Setting the floor low to clear it easily in future years it seems.
Lockdown supporter in 'refusal to believe the shattering effects of lockdown' shock.
Lockdown is ending. We're not going to be in lockdown in 2023.
So its being out of lockdown we're talking about, not being in lockdown. 🙄
The effects of lockdown are going to last way, way beyond lockdown. Surely.
If the government had just shut down your business by fiat for months on end, even though you invested thousands trying to make it covid safe, you might think twice about starting up again.
Or you might think 20 times.
Or you might not bother.
What's to stop them doing it again when Chris Whitty feels a bit nervous? nothing.
The key to ending shutdowns is ending the pandemic and that is vaccines.
People will be vaccinated and businesses are shut all around the world, even in places where there's no official lockdown businesses shut because they have no customers as people stay at home.
How does a mortgage guarantee work? If house prices fall and the bank dips out on a repossession, the tax payer makes up the difference?
House prices can never go down.
That’s the absurd situation we find ourselves in.
Fk the next generation....
Of course. In crude terms it's an active policy of redistribution from the poor young to the rich elderly, because the rich elderly are the Conservatives' clients - and they are numerous, becoming more numerous due to demographic change, and they're good at turning out to vote. Is anyone surprised?
Fucking hell just shut the fuck about Yemen. No one gives a flying fuck about it.
It's the greatest humanitarian crisis in our world! As PM putdowns of Opposition Leaders at #PMQs go, this is among the worst.
It also shows what a shallow person you are
Er, no offense Mike, but I think COVID, which has killed millions, and caused the greatest global economic and social emergency since World War 2, is a bigger humanitarian crisis than Yemen.
The war in Yemen has killed a quarter of a million. The pandemic has killed ten times that but globally. The difference is the fact that the war has a concentrated death toll in one country that is also suffering the pandemic's effects. It is, therefore, appropriate to ask questions about reducing aid there.
Why should the UK be the only country supplying aid there?
We'll still be the leading aid donor there. Other countries need to step up to the plate too.
That's a legitimate question to ask. Another legitimate question is why we shouldn't step up to the plate to make up for said deficiency elsewhere.
Because we're already at the plate. Alone.
We are contributing to the carnage for which the aid is needed.
I'm seriously worried about corporate taxes rising. If the chancellor makes this shirt sighted move it's going to hurt the economy in the long term. Ignore the IFS, ignore "economists" and lower it to 15% and introduce gigantic or unlimited R&D and capital investment allowances.
We need to grow our way out of this, not push up taxes.
100% agreed.
Tax cuts not tax rises please Rishi!
The strategy is to freeze allowances, limits and ceilings for five years and wait for inflation to drag in the extra tax revenue
Fucking hell just shut the fuck about Yemen. No one gives a flying fuck about it.
It's the greatest humanitarian crisis in our world! As PM putdowns of Opposition Leaders at #PMQs go, this is among the worst.
It also shows what a shallow person you are
Er, no offense Mike, but I think COVID, which has killed millions, and caused the greatest global economic and social emergency since World War 2, is a bigger humanitarian crisis than Yemen.
The war in Yemen has killed a quarter of a million. The pandemic has killed ten times that but globally. The difference is the fact that the war has a concentrated death toll in one country that is also suffering the pandemic's effects. It is, therefore, appropriate to ask questions about reducing aid there.
Why should the UK be the only country supplying aid there?
We'll still be the leading aid donor there. Other countries need to step up to the plate too.
That's a legitimate question to ask. Another legitimate question is why we shouldn't step up to the plate to make up for said deficiency elsewhere.
Simply, why should we?
Because of the money we're making off the conflict?
Yes that's not too bad. If the economy does better than expected can start rising them up again.
More likely the thinking is that if inflation does appear and starts to raise the risk of interest rates hikes, at least the government will have the associated stealth tax rise to help cover any rise in the cost of its borrowing.
Absolutely shocking. Can't believe this is coming from a Tory chancellor. Horrible.
Completely and utterly awful. No long term thinking behind this. Big businesses are already looking at the exit sign and now Rishi is giving them a push towards it. Completely and utterly bonkers.
Absolutely shocking. Can't believe this is coming from a Tory chancellor. Horrible.
Completely and utterly awful. No long term thinking behind this. Big businesses are already looking at the exit sign and now Rishi is giving them a push towards it. Completely and utterly bonkers.
He said it wasn't right to place the burden on working people, well you have to have a job first....
Absolutely shocking. Can't believe this is coming from a Tory chancellor. Horrible.
Completely and utterly awful. No long term thinking behind this. Big businesses are already looking at the exit sign and now Rishi is giving them a push towards it. Completely and utterly bonkers.
Sunak is probably afraid of being blown off course by rising long rates and rising inflation. That really would cook his goose.
This feels like a budget that may unravel. He’s painting a picture of a big hole but merely pretending he has a plan to seriously address it, whilst meanwhile continuing to spend during 2021 like there’s no tomorrow.
Fuel and drink duty increases all cancelled, as well.
Sunak is making out that the increases in corporation tax will only affect the biggest, most profitable companies. But surely it own't raise all that much money...
What else was available if you don't breach your manifesto commitments?
Borrowing to be frank.
MMT isn't something that Rishi agrees with...
He doesn't need to agree with it, he just needs to wait a year or two before trying to close the deficit rather than seeking to get it down to below 3% immediately.
There's going to be pretty tight rules on what constitutes investment, I guess. R&D and capital investment make sense to qualify. Not sure what else I'd include.
Sunak is making out that the increases in corporation tax will only affect the biggest, most profitable companies. But surely it own't raise all that much money...
We also know the very biggest and richest companies already avoid it e.g. Apple.
What else was available if you don't breach your manifesto commitments?
Precisely. Taxes need to go up eventually to pay for wiping the backsides of the legions of the elderly, and borrowing can't continue forever.
The most sensible measures to deal with this would be to tax the crap out of property and inheritances, but we can't do that because it would upset the stickbangers and their heirs. Hence the need to raid workers' wages and business profits.
This is what you get in a gerontocracy. Why anyone should be surprised I don't know.
Claiming the mantle of honesty and responsibility whilst ducking all the serious choices over how to balance the books is neither honest nor responsible.
Harry Dunn -- tragic but HMG would do better to take concrete measures like stopping US personnel importing left-hand-drive cars.
This will never happen as free shipping of private cars is cherished perk associated with a US forces PCS order. They certainly aren't going to stop it just because the British government asks them to.
Sunak is making out that the increases in corporation tax will only affect the biggest, most profitable companies. But surely it own't raise all that much money...
It won't because those businesses are very good at avoiding tax, especially international ones. What it does it hurt domestically focussed big businesses and turn them into takeover targets.
Comments
That’s the absurd situation we find ourselves in.
Fk the next generation....
Jeezo
The last thing we need is to encourage people to default/stop paying their mortgage.
Wasn't expecting such a dig in the Budget.
If the government had just shut down your business by fiat for months on end, even though you invested thousands trying to make it covid safe, you might think twice about starting up again.
Or you might think 20 times.
Or you might not bother.
What's to stop them doing it again when Chris Whitty feels a bit nervous? nothing.
The key is to stabilise house prices while increasing wages faster than house prices thus bringing down price to wage ratios.
What the CotE is signposting is that interest rates won't be going up any time soon.
You can change band starting points and percentages but little else.
People will be vaccinated and businesses are shut all around the world, even in places where there's no official lockdown businesses shut because they have no customers as people stay at home.
Madness lies that way.
Mental. Businesses will desert the country.
The Everest sized Covid one off problem or a continual structural deficit (of unknown size) at the moment.
The former doesn't really matter, the latter does.
I said he was dishi didn't I..?
And you?
LOOOLLLLLLL
Completely and utterly awful. No long term thinking behind this. Big businesses are already looking at the exit sign and now Rishi is giving them a push towards it. Completely and utterly bonkers.
Which reminds me what is happening in Sweden that Contrarian and the Alistair Hames lovers used to spam this site with.
Fuel and drink duty increases all cancelled, as well.
The most sensible measures to deal with this would be to tax the crap out of property and inheritances, but we can't do that because it would upset the stickbangers and their heirs. Hence the need to raid workers' wages and business profits.
This is what you get in a gerontocracy. Why anyone should be surprised I don't know.
He might still not make the best call, but he was never going to be permitted to do a lot of things.