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The Mid-Mid-Terms – politicalbetting.com

SystemSystem Posts: 12,767
edited 7:25AM in General
The Mid-Mid-Terms – politicalbetting.com

I guess this has become moderately more interesting when the Democrat Attorney General candidate was found to have advocated violence in text messages: including hypothetically shooting a legislative opponent and wishing death on his children.  ?

Read the full story here

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Comments

  • TheScreamingEaglesTheScreamingEagles Posts: 124,602
    First?
  • Scott_xPScott_xP Posts: 40,753
    Legitimate first
  • ydoethurydoethur Posts: 75,925
    Scott_xP said:

    Legitimate first

    Are you the gravedigger from Night Watch?
  • HYUFDHYUFD Posts: 131,241
    edited 7:35AM
    Harris won Virginia, New Jersey and massively New York city last year so even if the Democrats win the two governors races in the former and the Mayoral election in the latter it does not tell us much. As Robert says though if the Democrats reverse Trump's and Republican gains in Hispanic districts of New Jersey, that is the best suggestion we have of some swing from Trump over the last year
  • TheuniondivvieTheuniondivvie Posts: 45,733
    *struggles to maintain straight face*
    Surely Cuomo is in with a shout now the other two Stooges, Musk & Miller, have joined Trump in endorsing him?
  • bondegezoubondegezou Posts: 16,763
    FPT…

    Crime and punishment in the US: https://eu.oklahoman.com/story/news/crime/2025/10/24/jesse-mack-butler-stillwater-oklahoma-judge-susan-worthington-outrage/86820368007/

    18-year old pleads guilty to “multiple felony counts, including attempted first-degree rape, sexual battery and assault by strangulation”, having been initially accused of far worse. He’s given a 78-year sentence, but doesn’t serve any of it as he’s under 19 and covered by a youthful offender scheme (16-17 when he committed the crimes). Instead, he has 100 hours of community service.

    Locals suggest there’s favouritism from the judge, the lad’s father being an important member of the community.
  • LostPasswordLostPassword Posts: 20,868
    Thanks for this Robert.
  • NigelbNigelb Posts: 82,858
    HYUFD said:

    Harris won Virginia, New Jersey and massively New York city last year so even if the Democrats win the two governors races in the former and the Mayoral election in the latter it does not tell us much. As Robert says though if the Democrats reverse Trump's and Republican gains in Hispanic districts of New Jersey, that is the best suggestion we have of some swing from Trump over the last year

    While there's probably something in that, I suspect it's overdetermined.
    The fallacy lies in thinking that the next election will follow the same dynamics as the last one. And note, of course, that the 'Hispanic vote' is far from monolithic.
  • NigelbNigelb Posts: 82,858
    The Prop 50 result, and the reaction to it, will also be something of a pointer towards the viability of Newsom's presidential ambitions.
  • AnneJGPAnneJGP Posts: 4,256
    Thank you, Robert. It's good to have informed articles like this on elections in other countries. Hard for me to get my head around, but the contrast with UK elections is very interesting.

    Good morning, everyone.
  • SandpitSandpit Posts: 57,986
    edited 7:59AM
    Thanks Robert.

    I’m finding the Virginia races the most interesting. The last poll for the Governor race was D+6, and both candidates have been bringing a lot of high-profile supporters to the State.

    If the GOP can’t win the AG race they’re in trouble next year.

    New York Mayor is another interesting one in what could be a three-way fight, but the official Dem Mamdani is the clear odds-on favourite. I guess we’re about to see what happens when a financial capital elects a communist.
  • ydoethurydoethur Posts: 75,925
    Sandpit said:

    Thanks Robert.

    I’m finding the Virginia races the most interesting. The last poll for the Governor race was D+6, and both candidates have been bringing a lot of high-profile supporters to the State.

    If the GOP can’t win the AG race they’re in trouble next year.

    New York Mayor is another interesting one in what could be a three-way fight, but the official Dem Mamdani is the clear odds-on favourite. I guess we’re about to see what happens when a financial capital elects a communist.

    Particularly we're going to see what happens when a Communist goes up against a Fascist.

    Mamdani has the advantage of being youthful and not having dementia.

    Trump has the advantage of a control of the whole government and military machine plus the courts.
  • MarqueeMarkMarqueeMark Posts: 56,325
    Sandpit said:

    Thanks Robert.

    I’m finding the Virginia races the most interesting. The last poll for the Governor race was D+6, and both candidates have been bringing a lot of high-profile supporters to the State.

    If the GOP can’t win the AG race they’re in trouble next year.

    New York Mayor is another interesting one in what could be a three-way fight, but the official Dem Mamdani is the clear odds-on favourite. I guess we’re about to see what happens when a financial capital elects a communist.

    Obama was out firing up the Virginia electorate.

    He'd win again at a canter.
  • Big_G_NorthWalesBig_G_NorthWales Posts: 68,067
    Good morning

    It seems Reeves is making a statement from no 10 in 5 minutes

    Why and how is it right to speak to the nation just 3 weeks before her budget and outside parliament ?
  • EabhalEabhal Posts: 12,460
    edited 8:07AM
    ydoethur said:

    Sandpit said:

    Thanks Robert.

    I’m finding the Virginia races the most interesting. The last poll for the Governor race was D+6, and both candidates have been bringing a lot of high-profile supporters to the State.

    If the GOP can’t win the AG race they’re in trouble next year.

    New York Mayor is another interesting one in what could be a three-way fight, but the official Dem Mamdani is the clear odds-on favourite. I guess we’re about to see what happens when a financial capital elects a communist.

    Particularly we're going to see what happens when a Communist goes up against a Fascist.

    Mamdani has the advantage of being youthful and not having dementia.

    Trump has the advantage of a control of the whole government and military machine plus the courts.
    To what extent does someone like Mamdani pick up MAGA voters? Always struck by how popular people like Sanders are in the Rogan-sphere, a bit of horseshoe theory perhaps.
  • TazTaz Posts: 21,934

    Good morning

    It seems Reeves is making a statement from no 10 in 5 minutes

    Why and how is it right to speak to the nation just 3 weeks before her budget and outside parliament ?

    Tax rises are coming.

    It will be the fault of

    Brexit
    the Tories
    Austerity
    Ukraine conflict

    It won’t be the fault of

    Rachel Reeves
    Labour


    🥱🥱
  • Morris_DancerMorris_Dancer Posts: 63,075

    Good morning

    It seems Reeves is making a statement from no 10 in 5 minutes

    Why and how is it right to speak to the nation just 3 weeks before her budget and outside parliament ?

    Good morning, everyone.

    Hopefully she'll include an explanation for why the Budget's so damn late.
  • londonpubmanlondonpubman Posts: 3,741

    Good morning

    It seems Reeves is making a statement from no 10 in 5 minutes

    Why and how is it right to speak to the nation just 3 weeks before her budget and outside parliament ?

    She won't say anything specific

    She will just talk about 'fairness' and 'hard decisions'

    We have to wait 22 more days for the in depth horror story

    I didn't vote Labour!
  • FrancisUrquhartFrancisUrquhart Posts: 88,691
    edited 8:11AM
    Bingo cards out....those with broadest shoulders....fairness....working people.....fixing foundations....£22bn blackhole....going further and faster....patrotic renewal.....
  • EabhalEabhal Posts: 12,460

    Good morning

    It seems Reeves is making a statement from no 10 in 5 minutes

    Why and how is it right to speak to the nation just 3 weeks before her budget and outside parliament ?

    The principle of keeping quiet about the budget is long gone - the last few governments have always been floating ideas, making my job much easier. In fact, the lack of rumours is more of a concern because 1) it means I might actually have to work the weekend afterwards 2) or they don't have any interesting ideas.
  • TazTaz Posts: 21,934
    Here we go.

    Whiny, dreary, monotone.

    Full of tedious soundbites.
  • TazTaz Posts: 21,934

    Bingo cards out....those with broadest shoulders....fairness....working people.....

    Brexit
    Austerity
    Tories

    ?
  • Big_G_NorthWalesBig_G_NorthWales Posts: 68,067
    Taz said:

    Bingo cards out....those with broadest shoulders....fairness....working people.....

    Brexit
    Austerity
    Tories

    ?
    Estate Agents !!!!!
  • FrancisUrquhartFrancisUrquhart Posts: 88,691
    edited 8:12AM
    Putting our finances back on a firm footing....check notes...£30bn new blackhole.
  • TazTaz Posts: 21,934

    Bingo cards out....those with broadest shoulders....fairness....working people.....fixing foundations....£22bn blackhole....going further and faster....patrotic renewal.....

    You’ve got some already and she’s only two minutes in !!
  • SandpitSandpit Posts: 57,986
    edited 8:16AM

    Sandpit said:

    Thanks Robert.

    I’m finding the Virginia races the most interesting. The last poll for the Governor race was D+6, and both candidates have been bringing a lot of high-profile supporters to the State.

    If the GOP can’t win the AG race they’re in trouble next year.

    New York Mayor is another interesting one in what could be a three-way fight, but the official Dem Mamdani is the clear odds-on favourite. I guess we’re about to see what happens when a financial capital elects a communist.

    Obama was out firing up the Virginia electorate.

    He'd win again at a canter.
    Interesting that he was backing the white woman against the black woman though. Last year he said that black people have a duty to support the black candidate.

    Yes Obama would definitely win if he stood for office again, he’s a very good speaker indeed.
  • FrancisUrquhartFrancisUrquhart Posts: 88,691
    edited 8:14AM
    Taz said:

    Bingo cards out....those with broadest shoulders....fairness....working people.....fixing foundations....£22bn blackhole....going further and faster....patrotic renewal.....

    You’ve got some already and she’s only two minutes in !!
    HOUSE.....I claim my £10, I presume Reeves will want 50% tax on my winnings and when I try and leave the bingo hall I will also be charged 20% exit fee with everything left in my pockets.
  • NigelbNigelb Posts: 82,858
    Taz said:

    Here we go.

    Whiny, dreary, monotone.

    Full of tedious soundbites.

    Bit harsh on yourself there.
  • GallowgateGallowgate Posts: 21,141
    Taz said:

    Good morning

    It seems Reeves is making a statement from no 10 in 5 minutes

    Why and how is it right to speak to the nation just 3 weeks before her budget and outside parliament ?

    Tax rises are coming.

    It will be the fault of

    Brexit
    the Tories
    Austerity
    Ukraine conflict

    It won’t be the fault of

    Rachel Reeves
    Labour


    🥱🥱
    I mean she’s not wrong. We have been living beyond our means for a long time
  • EabhalEabhal Posts: 12,460
    This sounds like a big public investment programme. #wishcasting
  • TazTaz Posts: 21,934

    Taz said:

    Good morning

    It seems Reeves is making a statement from no 10 in 5 minutes

    Why and how is it right to speak to the nation just 3 weeks before her budget and outside parliament ?

    Tax rises are coming.

    It will be the fault of

    Brexit
    the Tories
    Austerity
    Ukraine conflict

    It won’t be the fault of

    Rachel Reeves
    Labour


    🥱🥱
    I mean she’s not wrong. We have been living beyond our means for a long time
    It’s all talk.

    Yet she won’t do anything about reforming the triple lock or tackling her party over the burgeoning welfare bill.

    It will be taxing ourselves to prosperity and regulating ourselves to prosperity.
  • DopermeanDopermean Posts: 1,829
    ydoethur said:

    Sandpit said:

    Thanks Robert.

    I’m finding the Virginia races the most interesting. The last poll for the Governor race was D+6, and both candidates have been bringing a lot of high-profile supporters to the State.

    If the GOP can’t win the AG race they’re in trouble next year.

    New York Mayor is another interesting one in what could be a three-way fight, but the official Dem Mamdani is the clear odds-on favourite. I guess we’re about to see what happens when a financial capital elects a communist.

    Particularly we're going to see what happens when a Communist goes up against a Fascist.

    Mamdani has the advantage of being youthful and not having dementia.

    Trump has the advantage of a control of the whole government and military machine plus the courts.
    It's all whipped-up hysteria, the history in democratic countries is that elected left-wing politicians govern to the right of their manifesto, in part because of entrenched resistance in the media, while right-wing politicians can also govern to the right of their manifesto because they're given free rein by the media.

    If Mamdani is elected and manages to achieve a small part of his manifesto then he will have outperformed for a socialist politician in the US.
  • EabhalEabhal Posts: 12,460
    edited 8:18AM
    Right, so my theory is that she's going to announce a bunch of stuff now so that the OBR adjust their productivity assumption back up to 1.5% and therefore reconcile the public finances at the budget. Maybe the OBR have said they need to see something in stone before they consider that credible?
  • BenpointerBenpointer Posts: 35,772
    Taz said:

    Taz said:

    Good morning

    It seems Reeves is making a statement from no 10 in 5 minutes

    Why and how is it right to speak to the nation just 3 weeks before her budget and outside parliament ?

    Tax rises are coming.

    It will be the fault of

    Brexit
    the Tories
    Austerity
    Ukraine conflict

    It won’t be the fault of

    Rachel Reeves
    Labour


    🥱🥱
    I mean she’s not wrong. We have been living beyond our means for a long time
    It’s all talk.

    Yet she won’t do anything about reforming the triple lock or tackling her party over the burgeoning welfare bill.

    It will be taxing ourselves to prosperity and regulating ourselves to prosperity.
    Anyone would think you weren't a fan.
  • TazTaz Posts: 21,934
    Nigelb said:

    Taz said:

    Here we go.

    Whiny, dreary, monotone.

    Full of tedious soundbites.

    Bit harsh on yourself there.
    Not really. I’m reliably told my soft Brummie lilt is sexy.

    😘
  • SandpitSandpit Posts: 57,986
    Taz said:

    Taz said:

    Good morning

    It seems Reeves is making a statement from no 10 in 5 minutes

    Why and how is it right to speak to the nation just 3 weeks before her budget and outside parliament ?

    Tax rises are coming.

    It will be the fault of

    Brexit
    the Tories
    Austerity
    Ukraine conflict

    It won’t be the fault of

    Rachel Reeves
    Labour


    🥱🥱
    I mean she’s not wrong. We have been living beyond our means for a long time
    It’s all talk.

    Yet she won’t do anything about reforming the triple lock or tackling her party over the burgeoning welfare bill.

    It will be taxing ourselves to prosperity and regulating ourselves to prosperity.
    The only growth she’s going to see is in emigration, and if she tries to tax that it will happen straight away and all at once.
  • ydoethurydoethur Posts: 75,925
    Taz said:

    Here we go.

    Whiny, dreary, monotone.

    Full of tedious soundbites.

    Just another day on PB, innit?
  • GallowgateGallowgate Posts: 21,141
    Sandpit said:

    Taz said:

    Taz said:

    Good morning

    It seems Reeves is making a statement from no 10 in 5 minutes

    Why and how is it right to speak to the nation just 3 weeks before her budget and outside parliament ?

    Tax rises are coming.

    It will be the fault of

    Brexit
    the Tories
    Austerity
    Ukraine conflict

    It won’t be the fault of

    Rachel Reeves
    Labour


    🥱🥱
    I mean she’s not wrong. We have been living beyond our means for a long time
    It’s all talk.

    Yet she won’t do anything about reforming the triple lock or tackling her party over the burgeoning welfare bill.

    It will be taxing ourselves to prosperity and regulating ourselves to prosperity.
    The only growth she’s going to see is in emigration, and if she tries to tax that it will happen straight away and all at once.
    You’ve already emigrated
  • MaxPBMaxPB Posts: 40,941

    Taz said:

    Good morning

    It seems Reeves is making a statement from no 10 in 5 minutes

    Why and how is it right to speak to the nation just 3 weeks before her budget and outside parliament ?

    Tax rises are coming.

    It will be the fault of

    Brexit
    the Tories
    Austerity
    Ukraine conflict

    It won’t be the fault of

    Rachel Reeves
    Labour


    🥱🥱
    I mean she’s not wrong. We have been living beyond our means for a long time
    And yet she chose to increase spending by £60bn per year in the last budget. That's a choice she made and now because her tax rises have failed to yield enough we're left with an even bigger shortfall than what they purported to start with.

    This is all her own fault. She could have cut spending on day one, made modest tax rises and moved towards balancing the budget but instead she chose to blow the budget on public sector pay rises and the endless money pit that is the NHS. Now she's back for more tax rises because, whoops, business investment crashed and now the economy is slowing down so not enough tax is being raised.

    She's worse than useless, actively harmful to the national economy.
  • TazTaz Posts: 21,934

    Taz said:

    Taz said:

    Good morning

    It seems Reeves is making a statement from no 10 in 5 minutes

    Why and how is it right to speak to the nation just 3 weeks before her budget and outside parliament ?

    Tax rises are coming.

    It will be the fault of

    Brexit
    the Tories
    Austerity
    Ukraine conflict

    It won’t be the fault of

    Rachel Reeves
    Labour


    🥱🥱
    I mean she’s not wrong. We have been living beyond our means for a long time
    It’s all talk.

    Yet she won’t do anything about reforming the triple lock or tackling her party over the burgeoning welfare bill.

    It will be taxing ourselves to prosperity and regulating ourselves to prosperity.
    Anyone would think you weren't a fan.
    Buyers remorse. I voted for them with some reluctance and some hope. Glad the Tories were out but this lot have been a massive let down. So far.

    Nothing I said is incorrect.
  • StillWatersStillWaters Posts: 11,637
    It would be quite funny (for a certain value of funny!) if ICE took to hanging outside of polling booths in NJ to arrest Hispanic voters
  • GallowgateGallowgate Posts: 21,141
    Taz said:

    Taz said:

    Good morning

    It seems Reeves is making a statement from no 10 in 5 minutes

    Why and how is it right to speak to the nation just 3 weeks before her budget and outside parliament ?

    Tax rises are coming.

    It will be the fault of

    Brexit
    the Tories
    Austerity
    Ukraine conflict

    It won’t be the fault of

    Rachel Reeves
    Labour


    🥱🥱
    I mean she’s not wrong. We have been living beyond our means for a long time
    It’s all talk.

    Yet she won’t do anything about reforming the triple lock or tackling her party over the burgeoning welfare bill.

    It will be taxing ourselves to prosperity and regulating ourselves to prosperity.
    Probably true but that doesn’t alleviate blame from the past 20 years of government
  • GallowgateGallowgate Posts: 21,141
    MaxPB said:

    Taz said:

    Good morning

    It seems Reeves is making a statement from no 10 in 5 minutes

    Why and how is it right to speak to the nation just 3 weeks before her budget and outside parliament ?

    Tax rises are coming.

    It will be the fault of

    Brexit
    the Tories
    Austerity
    Ukraine conflict

    It won’t be the fault of

    Rachel Reeves
    Labour


    🥱🥱
    I mean she’s not wrong. We have been living beyond our means for a long time
    And yet she chose to increase spending by £60bn per year in the last budget. That's a choice she made and now because her tax rises have failed to yield enough we're left with an even bigger shortfall than what they purported to start with.

    This is all her own fault. She could have cut spending on day one, made modest tax rises and moved towards balancing the budget but instead she chose to blow the budget on public sector pay rises and the endless money pit that is the NHS. Now she's back for more tax rises because, whoops, business investment crashed and now the economy is slowing down so not enough tax is being raised.

    She's worse than useless, actively harmful to the national economy.
    I personally am not bothered about being taxed a bit more if it means we don’t have to cut the NHS
  • BenpointerBenpointer Posts: 35,772
    Taz said:

    Taz said:

    Taz said:

    Good morning

    It seems Reeves is making a statement from no 10 in 5 minutes

    Why and how is it right to speak to the nation just 3 weeks before her budget and outside parliament ?

    Tax rises are coming.

    It will be the fault of

    Brexit
    the Tories
    Austerity
    Ukraine conflict

    It won’t be the fault of

    Rachel Reeves
    Labour


    🥱🥱
    I mean she’s not wrong. We have been living beyond our means for a long time
    It’s all talk.

    Yet she won’t do anything about reforming the triple lock or tackling her party over the burgeoning welfare bill.

    It will be taxing ourselves to prosperity and regulating ourselves to prosperity.
    Anyone would think you weren't a fan.
    Buyers remorse. I voted for them with some reluctance and some hope. Glad the Tories were out but this lot have been a massive let down. So far.

    Nothing I said is incorrect.
    This bit you said looks correct to me:

    Tax rises are coming.

    It will be the fault of
    Brexit
    the Tories
    Austerity
    Ukraine conflict

    It won’t be the fault of
    Rachel Reeves
    Labour
  • MarqueeMarkMarqueeMark Posts: 56,325
    It's good to hear, Rachel, that the evil Tories who have been in control of government for the past 15 months have now been booted out. We can look forward to a fresh start.

    Oh.
  • ydoethurydoethur Posts: 75,925

    It would be quite funny (for a certain value of funny!) if ICE took to hanging outside of polling booths in NJ to arrest Hispanic voters

    If ICE were hanged whether outside polling booths or not this would be a blow for law and order in the USA.
  • MaxPBMaxPB Posts: 40,941
    Eabhal said:

    Right, so my theory is that she's going to announce a bunch of stuff now so that the OBR adjust their productivity assumption back up to 1.5% and therefore reconcile the public finances at the budget. Maybe the OBR have said they need to see something in stone before they consider that credible?

    A speech is nothing, the OBR will want to see legislation passed that forces public sector reforms to push up productivity not empty words. Look at how quickly the government backed down on welfare reform (something that would surely have helped productivity). Why should the OBR just take her word for it?
  • EabhalEabhal Posts: 12,460
    MaxPB said:

    Taz said:

    Good morning

    It seems Reeves is making a statement from no 10 in 5 minutes

    Why and how is it right to speak to the nation just 3 weeks before her budget and outside parliament ?

    Tax rises are coming.

    It will be the fault of

    Brexit
    the Tories
    Austerity
    Ukraine conflict

    It won’t be the fault of

    Rachel Reeves
    Labour


    🥱🥱
    I mean she’s not wrong. We have been living beyond our means for a long time
    And yet she chose to increase spending by £60bn per year in the last budget. That's a choice she made and now because her tax rises have failed to yield enough we're left with an even bigger shortfall than what they purported to start with.

    This is all her own fault. She could have cut spending on day one, made modest tax rises and moved towards balancing the budget but instead she chose to blow the budget on public sector pay rises and the endless money pit that is the NHS. Now she's back for more tax rises because, whoops, business investment crashed and now the economy is slowing down so not enough tax is being raised.

    She's worse than useless, actively harmful to the national economy.
    And yet the IMF, who are supposed to be bailing us out any day now, have the UK as the second fastest growing economy in the G7.
  • StillWatersStillWaters Posts: 11,637

    FPT…

    Crime and punishment in the US: https://eu.oklahoman.com/story/news/crime/2025/10/24/jesse-mack-butler-stillwater-oklahoma-judge-susan-worthington-outrage/86820368007/

    18-year old pleads guilty to “multiple felony counts, including attempted first-degree rape, sexual battery and assault by strangulation”, having been initially accused of far worse. He’s given a 78-year sentence, but doesn’t serve any of it as he’s under 19 and covered by a youthful offender scheme (16-17 when he committed the crimes). Instead, he has 100 hours of community service.

    Locals suggest there’s favouritism from the judge, the lad’s father being an important member of the community.

    In the uk I guess they would get an indefinite sentence? And probably released after about 10 years. 78 does seem too harsh - but community service is waaay to lenient.

    This being America I assume the victims will go for a civil case?
  • Big_G_NorthWalesBig_G_NorthWales Posts: 68,067
    To be honest I have no idea why she is making this speech when all she is doing is warning of tough choices because of

    Everyone else !!!!
  • FrancisUrquhartFrancisUrquhart Posts: 88,691
    edited 8:28AM
    “The Budget this month will focus squarely on the priorities of the British people: cutting waiting lists, cutting the national debt and cutting the cost of living."

    https://x.com/RachelReevesMP/status/1985620413393879489

    I see our politicians are still struggling with debt vs deficit, anybody would think she was a fake economist....unless she intends to cut government expendure to a fraction of its current amount.
  • MalmesburyMalmesbury Posts: 58,106
    Taz said:

    Taz said:

    Good morning

    It seems Reeves is making a statement from no 10 in 5 minutes

    Why and how is it right to speak to the nation just 3 weeks before her budget and outside parliament ?

    Tax rises are coming.

    It will be the fault of

    Brexit
    the Tories
    Austerity
    Ukraine conflict

    It won’t be the fault of

    Rachel Reeves
    Labour


    🥱🥱
    I mean she’s not wrong. We have been living beyond our means for a long time
    It’s all talk.

    Yet she won’t do anything about reforming the triple lock or tackling her party over the burgeoning welfare bill.

    It will be taxing ourselves to prosperity and regulating ourselves to prosperity.
    Nonsense.

    It will be taxing ourselves to prosperity and regulating ourselves to dynamic innovation.
  • SandpitSandpit Posts: 57,986

    Sandpit said:

    Taz said:

    Taz said:

    Good morning

    It seems Reeves is making a statement from no 10 in 5 minutes

    Why and how is it right to speak to the nation just 3 weeks before her budget and outside parliament ?

    Tax rises are coming.

    It will be the fault of

    Brexit
    the Tories
    Austerity
    Ukraine conflict

    It won’t be the fault of

    Rachel Reeves
    Labour


    🥱🥱
    I mean she’s not wrong. We have been living beyond our means for a long time
    It’s all talk.

    Yet she won’t do anything about reforming the triple lock or tackling her party over the burgeoning welfare bill.

    It will be taxing ourselves to prosperity and regulating ourselves to prosperity.
    The only growth she’s going to see is in emigration, and if she tries to tax that it will happen straight away and all at once.
    You’ve already emigrated
    I have. Initially for a six-month contract 19 years ago.

    Rachel could have another higher-rate taxpayer back in the UK, except that employers are cutting jobs worried about tax rises, and the immigration system is screwed up for people who try to do it the right way.
  • MaxPBMaxPB Posts: 40,941
    Eabhal said:

    MaxPB said:

    Taz said:

    Good morning

    It seems Reeves is making a statement from no 10 in 5 minutes

    Why and how is it right to speak to the nation just 3 weeks before her budget and outside parliament ?

    Tax rises are coming.

    It will be the fault of

    Brexit
    the Tories
    Austerity
    Ukraine conflict

    It won’t be the fault of

    Rachel Reeves
    Labour


    🥱🥱
    I mean she’s not wrong. We have been living beyond our means for a long time
    And yet she chose to increase spending by £60bn per year in the last budget. That's a choice she made and now because her tax rises have failed to yield enough we're left with an even bigger shortfall than what they purported to start with.

    This is all her own fault. She could have cut spending on day one, made modest tax rises and moved towards balancing the budget but instead she chose to blow the budget on public sector pay rises and the endless money pit that is the NHS. Now she's back for more tax rises because, whoops, business investment crashed and now the economy is slowing down so not enough tax is being raised.

    She's worse than useless, actively harmful to the national economy.
    And yet the IMF, who are supposed to be bailing us out any day now, have the UK as the second fastest growing economy in the G7.
    The actual numbers tell a different story, though. And even at 1.5% growth, it's only second fastest because everyone else is worse, 1.5% growth is shit.
  • FairlieredFairliered Posts: 6,985
    Sandpit said:

    Taz said:

    Taz said:

    Good morning

    It seems Reeves is making a statement from no 10 in 5 minutes

    Why and how is it right to speak to the nation just 3 weeks before her budget and outside parliament ?

    Tax rises are coming.

    It will be the fault of

    Brexit
    the Tories
    Austerity
    Ukraine conflict

    It won’t be the fault of

    Rachel Reeves
    Labour


    🥱🥱
    I mean she’s not wrong. We have been living beyond our means for a long time
    It’s all talk.

    Yet she won’t do anything about reforming the triple lock or tackling her party over the burgeoning welfare bill.

    It will be taxing ourselves to prosperity and regulating ourselves to prosperity.
    The only growth she’s going to see is in emigration, and if she tries to tax that it will happen straight away and all at once.

    Speak to the small boats guys. They will have spare seats on the journey back to France.
  • NigelbNigelb Posts: 82,858
    edited 8:29AM

    It would be quite funny (for a certain value of funny!) if ICE took to hanging outside of polling booths in NJ to arrest Hispanic voters

    That will probably be saved for the midterms.
  • StillWatersStillWaters Posts: 11,637

    Good morning

    It seems Reeves is making a statement from no 10 in 5 minutes

    Why and how is it right to speak to the nation just 3 weeks before her budget and outside parliament ?

    Leaders should speak to the population. They need to roll the pitch and, so long as she doesn’t get into specifics, a speech like this is a good idea

    Parliament only needs to be told first of policy changes which I doubt this will be.

    I suspect it will be “Tories were way worse than we thought… utter mess… bad Tories… regretfully we have no choice… put up income tax … bad Tories… cleaning up their mess… taking the right decisions… tough decisions… hard working families… grown up government… not like the wicked Tories”
  • FairlieredFairliered Posts: 6,985
    MaxPB said:

    Taz said:

    Good morning

    It seems Reeves is making a statement from no 10 in 5 minutes

    Why and how is it right to speak to the nation just 3 weeks before her budget and outside parliament ?

    Tax rises are coming.

    It will be the fault of

    Brexit
    the Tories
    Austerity
    Ukraine conflict

    It won’t be the fault of

    Rachel Reeves
    Labour


    🥱🥱
    I mean she’s not wrong. We have been living beyond our means for a long time
    And yet she chose to increase spending by £60bn per year in the last budget. That's a choice she made and now because her tax rises have failed to yield enough we're left with an even bigger shortfall than what they purported to start with.

    This is all her own fault. She could have cut spending on day one, made modest tax rises and moved towards balancing the budget but instead she chose to blow the budget on public sector pay rises and the endless money pit that is the NHS. Now she's back for more tax rises because, whoops, business investment crashed and now the economy is slowing down so not enough tax is being raised.

    She's worse than useless, actively harmful to the national economy.
    She should have been less feart last year and we would have had an extra year to get the economy going. Now all she can do is damage.
  • TimSTimS Posts: 16,331
    This was a speech largely targeted at bond markets. Not really aimed at voters or backbenchers. Key words that kept coming up: interest rates, fiscal rules, inflation. Hints that she wants to go beyond just closing the black hole and building back the fiscal headroom.

    Looks like primarily an attempt to get gilt yields to keep falling between now and budget day so that the OBR numbers are a little bit easier.
  • SandpitSandpit Posts: 57,986
    edited 8:32AM

    “The Budget this month will focus squarely on the priorities of the British people: cutting waiting lists, cutting the national debt and cutting the cost of living."

    https://x.com/RachelReevesMP/status/1985620413393879489

    I see our politicians are still struggling with debt vs deficit, anybody would think she was a fake economist....unless she intends to cut government expendure to a fraction of its current amount.

    If she cuts the national debt next year then fair play to her.

    For reference, Sept ‘25 figure is £2,909 billion. Source

    Anyone care to bet that the Sept ‘26 figure is lower?
  • NigelbNigelb Posts: 82,858

    It's good to hear, Rachel, that the evil Tories who have been in control of government for the past 15 months have now been booted out. We can look forward to a fresh start.

    Oh.

    Yes, I think most of us would probably agree that this is the speech which ought to have been made before the last budget.
  • FrancisUrquhartFrancisUrquhart Posts: 88,691

    MaxPB said:

    Taz said:

    Good morning

    It seems Reeves is making a statement from no 10 in 5 minutes

    Why and how is it right to speak to the nation just 3 weeks before her budget and outside parliament ?

    Tax rises are coming.

    It will be the fault of

    Brexit
    the Tories
    Austerity
    Ukraine conflict

    It won’t be the fault of

    Rachel Reeves
    Labour


    🥱🥱
    I mean she’s not wrong. We have been living beyond our means for a long time
    And yet she chose to increase spending by £60bn per year in the last budget. That's a choice she made and now because her tax rises have failed to yield enough we're left with an even bigger shortfall than what they purported to start with.

    This is all her own fault. She could have cut spending on day one, made modest tax rises and moved towards balancing the budget but instead she chose to blow the budget on public sector pay rises and the endless money pit that is the NHS. Now she's back for more tax rises because, whoops, business investment crashed and now the economy is slowing down so not enough tax is being raised.

    She's worse than useless, actively harmful to the national economy.
    She should have been less feart last year and we would have had an extra year to get the economy going. Now all she can do is damage.
    It was worse, she came in cut a load of infrastructure projects trying to sound tough, then delayed the budget for months, then spurged on other things. Then 12 months down the line the ones she can control starting to bring some back to life, others that had companies involved they have fucked off.
  • SandpitSandpit Posts: 57,986

    MaxPB said:

    Taz said:

    Good morning

    It seems Reeves is making a statement from no 10 in 5 minutes

    Why and how is it right to speak to the nation just 3 weeks before her budget and outside parliament ?

    Tax rises are coming.

    It will be the fault of

    Brexit
    the Tories
    Austerity
    Ukraine conflict

    It won’t be the fault of

    Rachel Reeves
    Labour


    🥱🥱
    I mean she’s not wrong. We have been living beyond our means for a long time
    And yet she chose to increase spending by £60bn per year in the last budget. That's a choice she made and now because her tax rises have failed to yield enough we're left with an even bigger shortfall than what they purported to start with.

    This is all her own fault. She could have cut spending on day one, made modest tax rises and moved towards balancing the budget but instead she chose to blow the budget on public sector pay rises and the endless money pit that is the NHS. Now she's back for more tax rises because, whoops, business investment crashed and now the economy is slowing down so not enough tax is being raised.

    She's worse than useless, actively harmful to the national economy.
    She should have been less feart last year and we would have had an extra year to get the economy going. Now all she can do is damage.
    She had a window of opportunity to blame it all on the last lot leaving a mess worse than expected, but that window closed after last year’s Budget.
  • FrancisUrquhartFrancisUrquhart Posts: 88,691
    Sandpit said:

    “The Budget this month will focus squarely on the priorities of the British people: cutting waiting lists, cutting the national debt and cutting the cost of living."

    https://x.com/RachelReevesMP/status/1985620413393879489

    I see our politicians are still struggling with debt vs deficit, anybody would think she was a fake economist....unless she intends to cut government expendure to a fraction of its current amount.

    If she cuts the national debt next year then fair play to her.

    For reference, Sept ‘25 figure is £2,909 billion. Source

    Anyone care to bet that the Sept ‘26 figure is lower?
    The way she has gone so far even cutting the deficit isn't going to happen either.
  • FrancisUrquhartFrancisUrquhart Posts: 88,691
    edited 8:35AM
    I presume if we are going to get promises of more infrastructure spending it will be the reheating of that idea about the big beautiful British sovereign growth fund, that in reality was nothing like a sovereign wealth fund, it was just PFI and they shut up really quickly about.
  • nico67nico67 Posts: 6,581
    I thought it was a decent speech from Reeves . It doesn’t remove the problem of likely breaking manifesto pledges .

    People can debate whether Labour should have made that tax pledge.
  • MarqueeMarkMarqueeMark Posts: 56,325
    Sandpit said:

    Sandpit said:

    Taz said:

    Taz said:

    Good morning

    It seems Reeves is making a statement from no 10 in 5 minutes

    Why and how is it right to speak to the nation just 3 weeks before her budget and outside parliament ?

    Tax rises are coming.

    It will be the fault of

    Brexit
    the Tories
    Austerity
    Ukraine conflict

    It won’t be the fault of

    Rachel Reeves
    Labour


    🥱🥱
    I mean she’s not wrong. We have been living beyond our means for a long time
    It’s all talk.

    Yet she won’t do anything about reforming the triple lock or tackling her party over the burgeoning welfare bill.

    It will be taxing ourselves to prosperity and regulating ourselves to prosperity.
    The only growth she’s going to see is in emigration, and if she tries to tax that it will happen straight away and all at once.
    You’ve already emigrated
    I have. Initially for a six-month contract 19 years ago.

    Rachel could have another higher-rate taxpayer back in the UK, except that employers are cutting jobs worried about tax rises, and the immigration system is screwed up for people who try to do it the right way.
    You wouldn't like the current tax rates, nevermind the ones coming down the line.

    Hard to see what will tempt people like yourself to come back. Other than life in perpetual aircon.
  • EabhalEabhal Posts: 12,460
    MaxPB said:

    Eabhal said:

    MaxPB said:

    Taz said:

    Good morning

    It seems Reeves is making a statement from no 10 in 5 minutes

    Why and how is it right to speak to the nation just 3 weeks before her budget and outside parliament ?

    Tax rises are coming.

    It will be the fault of

    Brexit
    the Tories
    Austerity
    Ukraine conflict

    It won’t be the fault of

    Rachel Reeves
    Labour


    🥱🥱
    I mean she’s not wrong. We have been living beyond our means for a long time
    And yet she chose to increase spending by £60bn per year in the last budget. That's a choice she made and now because her tax rises have failed to yield enough we're left with an even bigger shortfall than what they purported to start with.

    This is all her own fault. She could have cut spending on day one, made modest tax rises and moved towards balancing the budget but instead she chose to blow the budget on public sector pay rises and the endless money pit that is the NHS. Now she's back for more tax rises because, whoops, business investment crashed and now the economy is slowing down so not enough tax is being raised.

    She's worse than useless, actively harmful to the national economy.
    And yet the IMF, who are supposed to be bailing us out any day now, have the UK as the second fastest growing economy in the G7.
    The actual numbers tell a different story, though. And even at 1.5% growth, it's only second fastest because everyone else is worse, 1.5% growth is shit.
    I don't disagree - it's just the hyperbole over Reeves is a bit ridiculous. It's sufficient to describe government policy as mediocre and uninspiring.

    The other problem for this kind of hysteria is, while the OBR are present, it's almost impossible for the budget to be as much as a disaster as the Truss one. A new, unhappy standard has been set which will make all subsequent budgets look sensible and considered in comparison.
  • TheuniondivvieTheuniondivvie Posts: 45,733
    Sandpit said:

    Sandpit said:

    Taz said:

    Taz said:

    Good morning

    It seems Reeves is making a statement from no 10 in 5 minutes

    Why and how is it right to speak to the nation just 3 weeks before her budget and outside parliament ?

    Tax rises are coming.

    It will be the fault of

    Brexit
    the Tories
    Austerity
    Ukraine conflict

    It won’t be the fault of

    Rachel Reeves
    Labour


    🥱🥱
    I mean she’s not wrong. We have been living beyond our means for a long time
    It’s all talk.

    Yet she won’t do anything about reforming the triple lock or tackling her party over the burgeoning welfare bill.

    It will be taxing ourselves to prosperity and regulating ourselves to prosperity.
    The only growth she’s going to see is in emigration, and if she tries to tax that it will happen straight away and all at once.
    You’ve already emigrated
    I have. Initially for a six-month contract 19 years ago.

    Rachel could have another higher-rate taxpayer back in the UK, except that employers are cutting jobs worried about tax rises, and the immigration system is screwed up for people who try to do it the right way.
    Tbf the mmigration system is screwed up for people who do it the wrong way as well, don't feel picked on.
  • londonpubmanlondonpubman Posts: 3,741

    “The Budget this month will focus squarely on the priorities of the British people: cutting waiting lists, cutting the national debt and cutting the cost of living."

    https://x.com/RachelReevesMP/status/1985620413393879489

    I see our politicians are still struggling with debt vs deficit, anybody would think she was a fake economist....unless she intends to cut government expendure to a fraction of its current amount.

    Cutting the cost of living? Hasn't inflation gone up from 1.7% September 2024 to 3.8% September 2025? Thanks Rachel 👍
  • EabhalEabhal Posts: 12,460
    edited 8:38AM
    Sandpit said:

    “The Budget this month will focus squarely on the priorities of the British people: cutting waiting lists, cutting the national debt and cutting the cost of living."

    https://x.com/RachelReevesMP/status/1985620413393879489

    I see our politicians are still struggling with debt vs deficit, anybody would think she was a fake economist....unless she intends to cut government expendure to a fraction of its current amount.

    If she cuts the national debt next year then fair play to her.

    For reference, Sept ‘25 figure is £2,909 billion. Source

    Anyone care to bet that the Sept ‘26 figure is lower?
    The figure that matters (and she will claim to be using) is percentage of GDP. Is that possible? I guess if she stimulates massive inflation it could be.
  • SandpitSandpit Posts: 57,986

    I presume if we are going to get promises of more infrastructure spending it will be the reheating of that idea about the big beautiful British sovereign growth fund, that in reality was nothing like a sovereign wealth fund, it was just PFI and they shut up really quickly about.

    Speaking of PFI, we’re only a couple of years away from the early Brown 30-year PFIs on Skools’n’Ospitals expiring. That’s one massive time bomb no-one is yet talking about.
  • NigelbNigelb Posts: 82,858

    “The Budget this month will focus squarely on the priorities of the British people: cutting waiting lists, cutting the national debt and cutting the cost of living."

    https://x.com/RachelReevesMP/status/1985620413393879489

    I see our politicians are still struggling with debt vs deficit, anybody would think she was a fake economist....unless she intends to cut government expendure to a fraction of its current amount.

    That is being unduly pedantic, I think ?
    In the large majority of cases, cutting national debt has always meant cutting it as a percentage of GDP, rather than a cut in absolute terms.

    While that would still be a pretty unlikely achievement for this government, it's not quite so absurd.
  • FrancisUrquhartFrancisUrquhart Posts: 88,691
    Eabhal said:

    Sandpit said:

    “The Budget this month will focus squarely on the priorities of the British people: cutting waiting lists, cutting the national debt and cutting the cost of living."

    https://x.com/RachelReevesMP/status/1985620413393879489

    I see our politicians are still struggling with debt vs deficit, anybody would think she was a fake economist....unless she intends to cut government expendure to a fraction of its current amount.

    If she cuts the national debt next year then fair play to her.

    For reference, Sept ‘25 figure is £2,909 billion. Source

    Anyone care to bet that the Sept ‘26 figure is lower?
    The figure that matters (and she will claim to be using) is percentage of GDP. Is that possible? I guess if she stimulates massive inflation it could be.
    Prediction for growth in coming years has absolutely minimal. This year is supposed to be the best.
  • SandpitSandpit Posts: 57,986
    Nigelb said:

    “The Budget this month will focus squarely on the priorities of the British people: cutting waiting lists, cutting the national debt and cutting the cost of living."

    https://x.com/RachelReevesMP/status/1985620413393879489

    I see our politicians are still struggling with debt vs deficit, anybody would think she was a fake economist....unless she intends to cut government expendure to a fraction of its current amount.

    That is being unduly pedantic, I think ?
    In the large majority of cases, cutting national debt has always meant cutting it as a percentage of GDP, rather than a cut in absolute terms.

    While that would still be a pretty unlikely achievement for this government, it's not quite so absurd.
    Well if she borrows £200bn this year to add to the £2.9trn debt, where’s the 7% growth coming from to reduce the debt/GDP ratio?
  • noneoftheabovenoneoftheabove Posts: 25,637
    Sandpit said:

    Taz said:

    Taz said:

    Good morning

    It seems Reeves is making a statement from no 10 in 5 minutes

    Why and how is it right to speak to the nation just 3 weeks before her budget and outside parliament ?

    Tax rises are coming.

    It will be the fault of

    Brexit
    the Tories
    Austerity
    Ukraine conflict

    It won’t be the fault of

    Rachel Reeves
    Labour


    🥱🥱
    I mean she’s not wrong. We have been living beyond our means for a long time
    It’s all talk.

    Yet she won’t do anything about reforming the triple lock or tackling her party over the burgeoning welfare bill.

    It will be taxing ourselves to prosperity and regulating ourselves to prosperity.
    The only growth she’s going to see is in emigration, and if she tries to tax that it will happen straight away and all at once.
    So people are going to leave the UK in big numbers because of an exit tax and perhaps move to one of US, Canada, France, Germany, Norway, Spain or Australia that all have similar or stricter exit taxes? Maybe, people are sometimes a bit dim.
  • FrancisUrquhartFrancisUrquhart Posts: 88,691
    edited 8:45AM
    So "patriotic renewal" slogan has gone its now "strong foundations, secure future"....Temu products last longer than Labour's slogans.

    Its not quite a Mars a day helps you work, rest and play.
  • FrancisUrquhartFrancisUrquhart Posts: 88,691
    The media are really going for Reeves about breaking manifesto pledge. ITV News's Robert Peston asks Reeves to respond to widespread speculation that taxes will rise for "millions of people, including working people" at the Budget on 26 November.

    Today is not about setting out choices, Reeves repeats.
  • CiceroCicero Posts: 3,944

    Sandpit said:

    Taz said:

    Taz said:

    Good morning

    It seems Reeves is making a statement from no 10 in 5 minutes

    Why and how is it right to speak to the nation just 3 weeks before her budget and outside parliament ?

    Tax rises are coming.

    It will be the fault of

    Brexit
    the Tories
    Austerity
    Ukraine conflict

    It won’t be the fault of

    Rachel Reeves
    Labour


    🥱🥱
    I mean she’s not wrong. We have been living beyond our means for a long time
    It’s all talk.

    Yet she won’t do anything about reforming the triple lock or tackling her party over the burgeoning welfare bill.

    It will be taxing ourselves to prosperity and regulating ourselves to prosperity.
    The only growth she’s going to see is in emigration, and if she tries to tax that it will happen straight away and all at once.
    So people are going to leave the UK in big numbers because of an exit tax and perhaps move to one of US, Canada, France, Germany, Norway, Spain or Australia that all have similar or stricter exit taxes? Maybe, people are sometimes a bit dim.
    The grass is always greener on the other side of the fence. The trouble is the whinging has acquired a life of its own- the Mail is particularly whingey- but the truth is a lot more nuanced.
  • noneoftheabovenoneoftheabove Posts: 25,637
    nico67 said:

    I thought it was a decent speech from Reeves . It doesn’t remove the problem of likely breaking manifesto pledges .

    People can debate whether Labour should have made that tax pledge.

    Is the manifesto breaking a big issue?

    Virtually no-one is happy with how the government is progressing at the moment. There may well be more votes in breaking the commitment and forgetting about having to cut £2bn here and £1bn there every few months.

    I'd suggest if they dont raise some proper money their vote share at the GE is in the 15-25 range whereas if they do it is in the 20-30 range.
  • noneoftheabovenoneoftheabove Posts: 25,637
    Cicero said:

    Sandpit said:

    Taz said:

    Taz said:

    Good morning

    It seems Reeves is making a statement from no 10 in 5 minutes

    Why and how is it right to speak to the nation just 3 weeks before her budget and outside parliament ?

    Tax rises are coming.

    It will be the fault of

    Brexit
    the Tories
    Austerity
    Ukraine conflict

    It won’t be the fault of

    Rachel Reeves
    Labour


    🥱🥱
    I mean she’s not wrong. We have been living beyond our means for a long time
    It’s all talk.

    Yet she won’t do anything about reforming the triple lock or tackling her party over the burgeoning welfare bill.

    It will be taxing ourselves to prosperity and regulating ourselves to prosperity.
    The only growth she’s going to see is in emigration, and if she tries to tax that it will happen straight away and all at once.
    So people are going to leave the UK in big numbers because of an exit tax and perhaps move to one of US, Canada, France, Germany, Norway, Spain or Australia that all have similar or stricter exit taxes? Maybe, people are sometimes a bit dim.
    The grass is always greener on the other side of the fence. The trouble is the whinging has acquired a life of its own- the Mail is particularly whingey- but the truth is a lot more nuanced.
    It is just rich people whinging in an echo chamber. The UK is a premium location, which is why we have such low emigration rates.
  • FrancisUrquhartFrancisUrquhart Posts: 88,691
    edited 8:53AM

    Cicero said:

    Sandpit said:

    Taz said:

    Taz said:

    Good morning

    It seems Reeves is making a statement from no 10 in 5 minutes

    Why and how is it right to speak to the nation just 3 weeks before her budget and outside parliament ?

    Tax rises are coming.

    It will be the fault of

    Brexit
    the Tories
    Austerity
    Ukraine conflict

    It won’t be the fault of

    Rachel Reeves
    Labour


    🥱🥱
    I mean she’s not wrong. We have been living beyond our means for a long time
    It’s all talk.

    Yet she won’t do anything about reforming the triple lock or tackling her party over the burgeoning welfare bill.

    It will be taxing ourselves to prosperity and regulating ourselves to prosperity.
    The only growth she’s going to see is in emigration, and if she tries to tax that it will happen straight away and all at once.
    So people are going to leave the UK in big numbers because of an exit tax and perhaps move to one of US, Canada, France, Germany, Norway, Spain or Australia that all have similar or stricter exit taxes? Maybe, people are sometimes a bit dim.
    The grass is always greener on the other side of the fence. The trouble is the whinging has acquired a life of its own- the Mail is particularly whingey- but the truth is a lot more nuanced.
    It is just rich people whinging in an echo chamber. The UK is a premium location, which is why we have such low emigration rates.
    Number of people leaving has risen massively. The question that doesn't seem to get answered (I think because the state doesn't record this) is who are these people. Are they people who were immigrants returning home, are they retirees going to Spain, are they highly educated individuals, rich people? Basically what proprotion of the significantly increased levels of emigration do these different types of make up (and many are overlapping e.g. high educated immigrant).
  • moonshinemoonshine Posts: 6,357

    Sandpit said:

    Taz said:

    Taz said:

    Good morning

    It seems Reeves is making a statement from no 10 in 5 minutes

    Why and how is it right to speak to the nation just 3 weeks before her budget and outside parliament ?

    Tax rises are coming.

    It will be the fault of

    Brexit
    the Tories
    Austerity
    Ukraine conflict

    It won’t be the fault of

    Rachel Reeves
    Labour


    🥱🥱
    I mean she’s not wrong. We have been living beyond our means for a long time
    It’s all talk.

    Yet she won’t do anything about reforming the triple lock or tackling her party over the burgeoning welfare bill.

    It will be taxing ourselves to prosperity and regulating ourselves to prosperity.
    The only growth she’s going to see is in emigration, and if she tries to tax that it will happen straight away and all at once.
    So people are going to leave the UK in big numbers because of an exit tax and perhaps move to one of US, Canada, France, Germany, Norway, Spain or Australia that all have similar or stricter exit taxes? Maybe, people are sometimes a bit dim.
    If I was to move overseas again it would not be to any of those countries.
  • NigelbNigelb Posts: 82,858
    edited 8:57AM
    .

    The media are really going for Reeves about breaking manifesto pledge. ITV News's Robert Peston asks Reeves to respond to widespread speculation that taxes will rise for "millions of people, including working people" at the Budget on 26 November.

    Today is not about setting out choices, Reeves repeats.

    So basically pointless, then.

    Starmer started talking about the need for tax rises back in February. So that's already nine months of uncertainty over what that might mean... and counting.
  • EabhalEabhal Posts: 12,460
    Sandpit said:

    Nigelb said:

    “The Budget this month will focus squarely on the priorities of the British people: cutting waiting lists, cutting the national debt and cutting the cost of living."

    https://x.com/RachelReevesMP/status/1985620413393879489

    I see our politicians are still struggling with debt vs deficit, anybody would think she was a fake economist....unless she intends to cut government expendure to a fraction of its current amount.

    That is being unduly pedantic, I think ?
    In the large majority of cases, cutting national debt has always meant cutting it as a percentage of GDP, rather than a cut in absolute terms.

    While that would still be a pretty unlikely achievement for this government, it's not quite so absurd.
    Well if she borrows £200bn this year to add to the £2.9trn debt, where’s the 7% growth coming from to reduce the debt/GDP ratio?
    Well, if inflation is 3%, it's only about 4% she'd need. Easy ;) .

    I suspect it was supposed to be deficit in the tweet.
  • Morris_DancerMorris_Dancer Posts: 63,075
    So, what I feared might be coming true:
    https://x.com/SpeechUnion/status/1985327554455105860

    I'm hoping this isn't the case but if the already ineffably stupid OSA is expanded to ban VPNs that'll throw the work I currently have onto a bonfire.

    Regular PBers may remember AI ate a load of my work a couple of years ago after which I had a wonderful and not at all soul-destroying year or so of trying to find more work. If unbelievably stupid government regulation then destroys what I've currently got it it would be fair to say I would be less than happy.
  • nico67nico67 Posts: 6,581
    10 and 30 year bond rates have fallen during Reeves speech .

    So maybe doing this speech will leave her with a bit more money come budget day . I expect tax rises but with some sweeteners .
  • GallowgateGallowgate Posts: 21,141
    Sandpit said:

    I presume if we are going to get promises of more infrastructure spending it will be the reheating of that idea about the big beautiful British sovereign growth fund, that in reality was nothing like a sovereign wealth fund, it was just PFI and they shut up really quickly about.

    Speaking of PFI, we’re only a couple of years away from the early Brown 30-year PFIs on Skools’n’Ospitals expiring. That’s one massive time bomb no-one is yet talking about.
    They already are expiring.
  • NigelbNigelb Posts: 82,858
    Sandpit said:

    I presume if we are going to get promises of more infrastructure spending it will be the reheating of that idea about the big beautiful British sovereign growth fund, that in reality was nothing like a sovereign wealth fund, it was just PFI and they shut up really quickly about.

    Speaking of PFI, we’re only a couple of years away from the early Brown 30-year PFIs on Skools’n’Ospitals expiring. That’s one massive time bomb no-one is yet talking about.
    It's been discussed a bit here.
    A smart government would have already been preparing legislation to mitigate the more egregious contracts.
  • noneoftheabovenoneoftheabove Posts: 25,637

    Cicero said:

    Sandpit said:

    Taz said:

    Taz said:

    Good morning

    It seems Reeves is making a statement from no 10 in 5 minutes

    Why and how is it right to speak to the nation just 3 weeks before her budget and outside parliament ?

    Tax rises are coming.

    It will be the fault of

    Brexit
    the Tories
    Austerity
    Ukraine conflict

    It won’t be the fault of

    Rachel Reeves
    Labour


    🥱🥱
    I mean she’s not wrong. We have been living beyond our means for a long time
    It’s all talk.

    Yet she won’t do anything about reforming the triple lock or tackling her party over the burgeoning welfare bill.

    It will be taxing ourselves to prosperity and regulating ourselves to prosperity.
    The only growth she’s going to see is in emigration, and if she tries to tax that it will happen straight away and all at once.
    So people are going to leave the UK in big numbers because of an exit tax and perhaps move to one of US, Canada, France, Germany, Norway, Spain or Australia that all have similar or stricter exit taxes? Maybe, people are sometimes a bit dim.
    The grass is always greener on the other side of the fence. The trouble is the whinging has acquired a life of its own- the Mail is particularly whingey- but the truth is a lot more nuanced.
    It is just rich people whinging in an echo chamber. The UK is a premium location, which is why we have such low emigration rates.
    Number of people leaving has risen massively. The question that doesn't seem to get answered (I think because the state doesn't record this) is who are these people. Are they people who were immigrants returning home, are they retirees going to Spain, are they highly educated individuals, rich people? Basically what proprotion of the significantly increased levels of emigration do these different types of make up (and many are overlapping e.g. high educated immigrant).
    https://commonslibrary.parliament.uk/research-briefings/sn06077/

    Dont believe the Daily Mail and Telegraph. Emigration is rising slowly not massively, and that is to be expected when you have higher inwards migration, as not all settle permanently. Labour slowly getting to grips with deportations presumably also increases emigration.
  • MattWMattW Posts: 30,531

    Eabhal said:

    Sandpit said:

    “The Budget this month will focus squarely on the priorities of the British people: cutting waiting lists, cutting the national debt and cutting the cost of living."

    https://x.com/RachelReevesMP/status/1985620413393879489

    I see our politicians are still struggling with debt vs deficit, anybody would think she was a fake economist....unless she intends to cut government expendure to a fraction of its current amount.

    If she cuts the national debt next year then fair play to her.

    For reference, Sept ‘25 figure is £2,909 billion. Source

    Anyone care to bet that the Sept ‘26 figure is lower?
    The figure that matters (and she will claim to be using) is percentage of GDP. Is that possible? I guess if she stimulates massive inflation it could be.
    Prediction for growth in coming years has absolutely minimal. This year is supposed to be the best.
    There was an interesting comment from Michael Gove on that in a (very) extended interview with The Rest is Politics.

    There was also some interesting comment on Gove's background, and on Paul Marshall towards the end.

    (There's 2 hours of it.)

    https://www.youtube.com/watch?v=gwrm1wkuO4Y
  • FrancisUrquhartFrancisUrquhart Posts: 88,691
    edited 8:59AM

    Cicero said:

    Sandpit said:

    Taz said:

    Taz said:

    Good morning

    It seems Reeves is making a statement from no 10 in 5 minutes

    Why and how is it right to speak to the nation just 3 weeks before her budget and outside parliament ?

    Tax rises are coming.

    It will be the fault of

    Brexit
    the Tories
    Austerity
    Ukraine conflict

    It won’t be the fault of

    Rachel Reeves
    Labour


    🥱🥱
    I mean she’s not wrong. We have been living beyond our means for a long time
    It’s all talk.

    Yet she won’t do anything about reforming the triple lock or tackling her party over the burgeoning welfare bill.

    It will be taxing ourselves to prosperity and regulating ourselves to prosperity.
    The only growth she’s going to see is in emigration, and if she tries to tax that it will happen straight away and all at once.
    So people are going to leave the UK in big numbers because of an exit tax and perhaps move to one of US, Canada, France, Germany, Norway, Spain or Australia that all have similar or stricter exit taxes? Maybe, people are sometimes a bit dim.
    The grass is always greener on the other side of the fence. The trouble is the whinging has acquired a life of its own- the Mail is particularly whingey- but the truth is a lot more nuanced.
    It is just rich people whinging in an echo chamber. The UK is a premium location, which is why we have such low emigration rates.
    Number of people leaving has risen massively. The question that doesn't seem to get answered (I think because the state doesn't record this) is who are these people. Are they people who were immigrants returning home, are they retirees going to Spain, are they highly educated individuals, rich people? Basically what proprotion of the significantly increased levels of emigration do these different types of make up (and many are overlapping e.g. high educated immigrant).
    https://commonslibrary.parliament.uk/research-briefings/sn06077/

    Dont believe the Daily Mail and Telegraph. Emigration is rising slowly not massively, and that is to be expected when you have higher inwards migration, as not all settle permanently. Labour slowly getting to grips with deportations presumably also increases emigration.
    513,000 people emigrated in 2024....that is a lot of people leaving per year. 10 years ago it was more like 300k.
  • noneoftheabovenoneoftheabove Posts: 25,637
    moonshine said:

    Sandpit said:

    Taz said:

    Taz said:

    Good morning

    It seems Reeves is making a statement from no 10 in 5 minutes

    Why and how is it right to speak to the nation just 3 weeks before her budget and outside parliament ?

    Tax rises are coming.

    It will be the fault of

    Brexit
    the Tories
    Austerity
    Ukraine conflict

    It won’t be the fault of

    Rachel Reeves
    Labour


    🥱🥱
    I mean she’s not wrong. We have been living beyond our means for a long time
    It’s all talk.

    Yet she won’t do anything about reforming the triple lock or tackling her party over the burgeoning welfare bill.

    It will be taxing ourselves to prosperity and regulating ourselves to prosperity.
    The only growth she’s going to see is in emigration, and if she tries to tax that it will happen straight away and all at once.
    So people are going to leave the UK in big numbers because of an exit tax and perhaps move to one of US, Canada, France, Germany, Norway, Spain or Australia that all have similar or stricter exit taxes? Maybe, people are sometimes a bit dim.
    If I was to move overseas again it would not be to any of those countries.
    Sure, some rich people will move to tax havens or Middle East, as they always have done. That is a minority choice though, most people won't enjoy that lifestyle permanently.
  • another_richardanother_richard Posts: 28,450
    Nigelb said:

    Sandpit said:

    I presume if we are going to get promises of more infrastructure spending it will be the reheating of that idea about the big beautiful British sovereign growth fund, that in reality was nothing like a sovereign wealth fund, it was just PFI and they shut up really quickly about.

    Speaking of PFI, we’re only a couple of years away from the early Brown 30-year PFIs on Skools’n’Ospitals expiring. That’s one massive time bomb no-one is yet talking about.
    It's been discussed a bit here.
    A smart government would have already been preparing legislation to mitigate the more egregious contracts.
    That would require Labour to admit that so much of Gordon Brown's 'investment' was a financial disaster.
  • ydoethurydoethur Posts: 75,925
    Nigelb said:

    Sandpit said:

    I presume if we are going to get promises of more infrastructure spending it will be the reheating of that idea about the big beautiful British sovereign growth fund, that in reality was nothing like a sovereign wealth fund, it was just PFI and they shut up really quickly about.

    Speaking of PFI, we’re only a couple of years away from the early Brown 30-year PFIs on Skools’n’Ospitals expiring. That’s one massive time bomb no-one is yet talking about.
    It's been discussed a bit here.
    A smart government would have already been preparing legislation to mitigate the more egregious contracts.
    A smart government would never have signed most of the contracts to start with.
  • ydoethurydoethur Posts: 75,925
    edited 8:59AM

    So, what I feared might be coming true:
    https://x.com/SpeechUnion/status/1985327554455105860

    I'm hoping this isn't the case but if the already ineffably stupid OSA is expanded to ban VPNs that'll throw the work I currently have onto a bonfire.

    Regular PBers may remember AI ate a load of my work a couple of years ago after which I had a wonderful and not at all soul-destroying year or so of trying to find more work. If unbelievably stupid government regulation then destroys what I've currently got it it would be fair to say I would be less than happy.

    How could you actually ban VPNs? I mean, even the Chinese haven't managed that. Or at least, they are banned but everyone ignores the law.
  • TheScreamingEaglesTheScreamingEagles Posts: 124,602
    ***Legendary modesty klaxon***

    Yesterday morning Cuomo was 17.5 on Betfair, this morning he is trading at 10.
  • SelebianSelebian Posts: 9,739
    Sandpit said:

    I presume if we are going to get promises of more infrastructure spending it will be the reheating of that idea about the big beautiful British sovereign growth fund, that in reality was nothing like a sovereign wealth fund, it was just PFI and they shut up really quickly about.

    Speaking of PFI, we’re only a couple of years away from the early Brown 30-year PFIs on Skools’n’Ospitals expiring. That’s one massive time bomb no-one is yet talking about.
    How were they structured at expiry? Is this an opportunity to do actual sensible deals or bring maintenance etc back in-house?

    Or is there some clause that the government is obliged to sign a new 30 year deal at a price specified by the current contractor? :open_mouth:
  • FrancisUrquhartFrancisUrquhart Posts: 88,691
    edited 9:01AM

    moonshine said:

    Sandpit said:

    Taz said:

    Taz said:

    Good morning

    It seems Reeves is making a statement from no 10 in 5 minutes

    Why and how is it right to speak to the nation just 3 weeks before her budget and outside parliament ?

    Tax rises are coming.

    It will be the fault of

    Brexit
    the Tories
    Austerity
    Ukraine conflict

    It won’t be the fault of

    Rachel Reeves
    Labour


    🥱🥱
    I mean she’s not wrong. We have been living beyond our means for a long time
    It’s all talk.

    Yet she won’t do anything about reforming the triple lock or tackling her party over the burgeoning welfare bill.

    It will be taxing ourselves to prosperity and regulating ourselves to prosperity.
    The only growth she’s going to see is in emigration, and if she tries to tax that it will happen straight away and all at once.
    So people are going to leave the UK in big numbers because of an exit tax and perhaps move to one of US, Canada, France, Germany, Norway, Spain or Australia that all have similar or stricter exit taxes? Maybe, people are sometimes a bit dim.
    If I was to move overseas again it would not be to any of those countries.
    Sure, some rich people will move to tax havens or Middle East, as they always have done. That is a minority choice though, most people won't enjoy that lifestyle permanently.
    The people you have to worry about are the highly educated / highly skilled. They drive an economy.
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