politicalbetting.com » Blog Archive » The last budget of the 2010-2015 parliament
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FPT
@rcs_1000 There is no magic money tree: interest paid to savers is interest extracted from borrowers.
If you are doing it right then the interest paid to savers is substantially less than the interest extracted from borrowers
@david_herdson be very careful about capital-protected bonds. Usually if the FTSE underperforms by a certain amount you can lose all of your capital. And you are taking credit risk on the investment bank that prices up the options: Lehman was a very big player in this market & that caused real issues for many retail investors (they had no idea they were taking Lehman risk because they only interacted with their local building society or whatever)0 -
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Nice to meet you too last night! And thanks to Steve too!Cyclefree said:Also - a thank you to Fat Steve for organising the PB drinks last night. A nice venue and nice to chat with some PB'ers I had not met and see again others.
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Oh for the glory days of 'Prudence' and 'No more Boom and Bust'.0
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You've been misinformed we don't do race. As the Vietnamese refugee was once asked are you a catholic boatperson or a protestant boatperson. You'd be in trouble as you'd fail the bacon test when offered an Ulster Fry.TheScreamingEagles said:
As someone once said "Imagine my shock, that someone obsessed with race and religion moved to Northern Ireland to be happy"Alanbrooke said:
Now you've jinxed the tread.TheScreamingEagles said:
Well a former MP for Wolverhampton South West ended up sitting as an MP for the Ulster Unionists.Alanbrooke said:
OoohPulpstar said:Wolverhampton SW is a very very vulnerable marginal iirc.
I'm hoping to buy a factory there next month. I shall instruct the workforce accordingly :-)
Just saying.
Isam will be posting Enoch Powell for the next 4 hours, thereby undermining my 24hr sponsored sledgeathon on Osborne.0 -
Guardian liveblog: "Osborne says Britain is out of the red, into the black, and paying its way in the world."
Deficit this year ~£90bn.
Osborne has set a high bar for future Chancellors.0 -
I'll offer anyone at Evens we still have a deficit by then, £20.DaemonBarber said:0 -
Taaaaaaaaaax0
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I agree with your final point but just don't recognise that characterisation as being one that applies to many people on the left. Of course there are excessively ideological individuals, but in general the attempt to address problems via government is premised on the fairly sound logic that a) the problem exists and b) that means that society isn't dealing with that problem through individual benevolence therefore c) we'd better try to deal with it collectively through government.Cyclefree said:
The difference it seems to me is that the Left (or some of them) seem to think that the only way to respond to human suffering is by state intervention . And (a) that's simply not true; and (b) can rapidly lead to a belief in a large state as a value in itself irrespective of whether it achieves its intended purpose. It seems to me that that is the cul de sac into which the Left has got itself. It sees a large powerful state as an end in itself. The equivalent on the right is to want a small state almost regardless of what the effects might be.
Surely the better view is to have a state do those things which cannot be effectively done by people either indiviidually or collectively and do them really well, rather than do lots of things not very well or badly?
It's about as true as saying that the right pretend they want to achieve prosperity for all through laissez-faire economics, when really they know it will enrich them personally and fuck over the poor. I've certainly met Tory MPs who will pretty much admit that in private, but the vast majority are decent people who passionately believe that their compassionate ends will be accomplished through that ideology.0 -
by what measure ;-)Pulpstar said:
I'll offer anyone at Evens we still have a deficit by then, £20.DaemonBarber said:
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Bet void if we have a Labour PM, then I'll take that.Pulpstar said:
I'll offer anyone at Evens we still have a deficit by then, £20.DaemonBarber said:0 -
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Here we go on pensions.
[edit] - well, that was a bit of a non-event.0 -
Sounds like Osborne is upping the level of public spending. I wonder if the NHS and Defence will be the beneficiaries.0
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Has he said "Long term economic plan" yet ?0
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Snooker time back later0
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I think we should rename "Defence", "Attack". You know, show some purpose in the world.Casino_Royale said:Sounds like Osborne is upping the level of public spending. I wonder if the NHS and Defence will be the beneficiaries.
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Nice tryrcs1000 said:
Bet void if we have a Labour PM, then I'll take that.Pulpstar said:
I'll offer anyone at Evens we still have a deficit by then, £20.DaemonBarber said:
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Ozzie stomps on Labour on tax - very funny.0
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lol - Deeds of variation0
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Ooof, George really has kicked Ed Miliband in the knackers0
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"Next year we'll be increasing our attack budget to £15bn, so we can have another go at France"rcs1000 said:
I think we should rename "Defence", "Attack". You know, show some purpose in the world.Casino_Royale said:Sounds like Osborne is upping the level of public spending. I wonder if the NHS and Defence will be the beneficiaries.
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classic Ed's face a picture0
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@alanbrooke
I sat next to someone at supper last night who is not a fan of politicians as a whole.
But he said George had popped over for lunch last week and was really very impressive. Absolutely on top of his brief and everyone else's as well: and really answered the questions, thoughtfully and in detail. He was very very impressed.
...He then contrasted him explicitly with a number of other (former) Cabinet rank politicians who we both knew very well... decidedly in George's favour.
/trollalanbrooke0 -
The attack on "umbrella companies" is going to be pretty painful for many "self-employed" (who, you would imagine, tend to be largely Tory).
Neat little jab on deeds of variation on IHT, although it's really hard to imagine that consultation actually leading to any choice.0 -
Yes, I think he said it twice. But I keep drifting off ...Pulpstar said:Has he said "Long term economic plan" yet ?
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George - get the f.. on with it!0
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Stats from GOPolruan said:
I agree with your final point but just don't recognise that characterisation as being one that applies to many people on the left. Of course there are excessively ideological individuals, but in general the attempt to address problems via government is premised on the fairly sound logic that a) the problem exists and b) that means that society isn't dealing with that problem through individual benevolence therefore c) we'd better try to deal with it collectively through government.Cyclefree said:
The difference it seems to me is that the Left (or some of them) seem to think that the only way to respond to human suffering is by state intervention . And (a) that's simply not true; and (b) can rapidly lead to a belief in a large state as a value in itself irrespective of whether it achieves its intended purpose. It seems to me that that is the cul de sac into which the Left has got itself. It sees a large powerful state as an end in itself. The equivalent on the right is to want a small state almost regardless of what the effects might be.
Surely the better view is to have a state do those things which cannot be effectively done by people either indiviidually or collectively and do them really well, rather than do lots of things not very well or badly?
It's about as true as saying that the right pretend they want to achieve prosperity for all through laissez-faire economics, when really they know it will enrich them personally and fuck over the poor. I've certainly met Tory MPs who will pretty much admit that in private, but the vast majority are decent people who passionately believe that their compassionate ends will be accomplished through that ideology.
The section on 'fairness' now - beginning with a claim that it's the rich who are making the biggest contribution to cutting the deficit. "I said we would all be in this together and here is the proof. Compared to five years ago:
Inequality is lower.
Child poverty is down.
Youth unemployment is down.
Pensioner poverty is at its lowest level ever.
The gender pay gap has never been smaller.
Payday loans are capped.
And zero hours contracts regulated."
Sort of blows your assertions out of the water.0 -
Labour must really hate GO - anyone following tims twitter feed ?TheScreamingEagles said:Ooof, George really has kicked Ed Miliband in the knackers
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He's going in quite heavily to dispel any notions the Tories are for the rich.0
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@michaelsavage: Classic Osborne so far - occupy any rich Labour ground, set fire to it and sow salt in the ground so nothing grows bak. #Budget20150
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This is a proper steady as she goes budget. Boring.0
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I can imagine he is getting RSI from twitter meltdown...Lets do the bingo list....TGOHF said:
Labour must really hate GO - anyone following tims twitter feed ?TheScreamingEagles said:Ooof, George really has kicked Ed Miliband in the knackers
Cameron...NHS...using his kids....Couslon....Osborne...Natalie Rowe....Coke...
And I honestly haven't looked.0 -
I reckon it'll be over the 55 minute mark by the way
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Did anyone predict 'fixing the roof'. If so, you're quids in.0
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Agincourt
George is hitting all my faves today0 -
That reminds me of a quote from the Abu Ghraib scandal - 'whimpering' became something like 'reduced verbal capability'.rcs1000 said:
I think we should rename "Defence", "Attack". You know, show some purpose in the world.Casino_Royale said:Sounds like Osborne is upping the level of public spending. I wonder if the NHS and Defence will be the beneficiaries.
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Agincourt!!!0
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That was one in the JunkersDaemonBarber said:
lol - Deeds of variation
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'Northern powerhouse' - one of the more predictable.0
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a) he's enjoying it
b) he's good at it
c) he's confident enough for no freebies...can it really be? That would be b*lls the size of cannonballs.0 -
He might announce a budget at some point too.... ;-)TheScreamingEagles said:Agincourt
George is hitting all my faves today0 -
I'm sorry, which assertions? I contrasted the process and motivations of the left and right, attributing largely good motives to both. This is an example (assuming you trust the stats and the assessment of cause and effect) of compassionate ends being achieved through right wing ideology.weejonnie said:
Stats from GOPolruan said:
I agree with your final point but just don't recognise that characterisation as being one that applies to many people on the left. Of course there are excessively ideological individuals, but in general the attempt to address problems via government is premised on the fairly sound logic that a) the problem exists and b) that means that society isn't dealing with that problem through individual benevolence therefore c) we'd better try to deal with it collectively through government.Cyclefree said:
The difference it seems to me is that the Left (or some of them) seem to think that the only way to respond to human suffering is by state intervention . And (a) that's simply not true; and (b) can rapidly lead to a belief in a large state as a value in itself irrespective of whether it achieves its intended purpose. It seems to me that that is the cul de sac into which the Left has got itself. It sees a large powerful state as an end in itself. The equivalent on the right is to want a small state almost regardless of what the effects might be.
Surely the better view is to have a state do those things which cannot be effectively done by people either indiviidually or collectively and do them really well, rather than do lots of things not very well or badly?
It's about as true as saying that the right pretend they want to achieve prosperity for all through laissez-faire economics, when really they know it will enrich them personally and fuck over the poor. I've certainly met Tory MPs who will pretty much admit that in private, but the vast majority are decent people who passionately believe that their compassionate ends will be accomplished through that ideology.
The section on 'fairness' now - beginning with a claim that it's the rich who are making the biggest contribution to cutting the deficit. "I said we would all be in this together and here is the proof. Compared to five years ago:
Inequality is lower.
Child poverty is down.
Youth unemployment is down.
Pensioner poverty is at its lowest level ever.
The gender pay gap has never been smaller.
Payday loans are capped.
And zero hours contracts regulated."
Sort of blows your assertions out of the water.0 -
Bankers think George is great, no surprise, they don't actually work for a living.Charles said:@alanbrooke
I sat next to someone at supper last night who is not a fan of politicians as a whole.
But he said George had popped over for lunch last week and was really very impressive. Absolutely on top of his brief and everyone else's as well: and really answered the questions, thoughtfully and in detail. He was very very impressed.
...He then contrasted him explicitly with a number of other (former) Cabinet rank politicians who we both knew very well... decidedly in George's favour.
/trollalanbrooke
But when Richard Nabavi says Osborne is a failure, then you know the Tories are struggling0 -
Conservatives North @ToryPressNorth
A further £75 million for charities from LIBOR fines announced – with support for veterans and air ambulances
Yummy.0 -
Pink Vans!0
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No, it's catchphrase bingo only for the moment. Just thinking 'Northern powerhouse' - that's Sellafield isn't it?Bob__Sykes said:
He might announce a budget at some point too.... ;-)TheScreamingEagles said:Agincourt
George is hitting all my faves today0 -
Toll rate reduction for Severn Crossing - christ on a bike talk about the details... is there a marginal there or something ?0
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Anybody would think there is a GE round the corner...
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Onto the important stuff: the new SW rail franchise. Disappointed that there isn't a promise to fund a railway line that doesn't, y'know, fall into the sea.0
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"And cuts to tolls on the Severn Bridge will be introduced from 2018."
Brown had this annoying habit of announcing the same thing in several budgets. Osborne has left it open to announce the cut to tolls on the Severn Bridge a further five times if he is still Chancellor after the election. Dear god.0 -
TWO KITCHENS0
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Bingo! Kitchens!0
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Its not if you live in Manchester Leeds Sheffield.ThomasNashe said:
No, it's catchphrase bingo only for the moment. Just thinking 'Northern powerhouse' - that's Sellafield isn't it?Bob__Sykes said:
He might announce a budget at some point too.... ;-)TheScreamingEagles said:Agincourt
George is hitting all my faves today0 -
2 kitchens
Kerrching!!0 -
The Severn Crossing's toll rates are to be cut from 2018 -"a boost for the drivers of white vans"
LOL....0 -
I've changed my mind, George Osborne will be the next Tory leader0
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Why is the air ambulance a charity anyway?Plato said:
Conservatives North @ToryPressNorth
A further £75 million for charities from LIBOR fines announced – with support for veterans and air ambulances
Yummy.0 -
haHaHaHa... IoT gag is a beuty0
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He is a pasty master of popular budgetsTGOHF said:
Labour must really hate GOTheScreamingEagles said:Ooof, George really has kicked Ed Miliband in the knackers
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Did Osborne just pat himself on the back for cutting the massively criticised North Sea tax that he himself increased?0
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This piecemeal devolution of taxes etc, I think is a very bad idea. You either do it or you don't, otherwise it just creates unfairness in the system.0
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that's good.. Think of it yourself?bigjohnowls said:
He is a pasty master of popular budgetsTGOHF said:
Labour must really hate GOTheScreamingEagles said:Ooof, George really has kicked Ed Miliband in the knackers
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Ask the RNLI...Pong said:
Why is the air ambulance a charity anyway?Plato said:
Conservatives North @ToryPressNorth
A further £75 million for charities from LIBOR fines announced – with support for veterans and air ambulances
Yummy.0 -
He's doing well at that - substantially more Prime Ministerial than Cameron of late, measured and only occasionally drifts off into over-smug. Grand Coalition with Osborne PM and Alan Johnson as Chancellor..?TheScreamingEagles said:I've changed my mind, George Osborne will be the next Tory leader
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Always think that is bonkers....Air ambulances provide an essential service, why they aren't fully funded by taxation like normal ambulances is crazy.Pong said:
Why is the air ambulance a charity anyway?Plato said:
Conservatives North @ToryPressNorth
A further £75 million for charities from LIBOR fines announced – with support for veterans and air ambulances
Yummy.0 -
politician in selective amnesia shock?Alistair said:Did Osborne just pat himself on the back for cutting the massively criticised North Sea tax that he himself increased?
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you change your mind faster than you change your shoesTheScreamingEagles said:I've changed my mind, George Osborne will be the next Tory leader
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@PaulBrandITV: Labour look genuinely miserable. Arms crossed. Stoney-faced. Chancellor has left them glum. 'Cheer up Labour' shout Tories #Budget20150
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"To take an absurd example, someone with two kitchens will be able to control both fridges from same mobile phone." #Budget15
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tax return abolished?
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Are you implying that Osborne will waste the time of civil servants on a consultation purely so that he could insert a personal criticism of the Leader of the Opposition into his Budget speech? Surely not, that would be the sort of absurdity thrown out in the scripting of a political comedy.Polruan said:Neat little jab on deeds of variation on IHT, although it's really hard to imagine that consultation actually leading to any choice.
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Ed's staff will be pleased...wont have to pop up from the basement now to adjust the fridge in Ed's tea room.Plato said:"To take an absurd example, someone with two kitchens will be able to control both fridges from same mobile phone." #Budget15
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beer down 1p/pt, cider 2p/pt, whisky down 2%0
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M Treasury @hmtreasury
Taking another penny off the pint, spirits and ciders cut by 2% and wine duty will be frozen #Budget150 -
Anyone counting the taxes?0
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It's says so much about the quality at the top of the Tory party, that Ozzy wasn't in top 3 or 4 to be next leader.Alanbrooke said:
you change your mind faster than you change your shoesTheScreamingEagles said:I've changed my mind, George Osborne will be the next Tory leader
Apologies if this post has given you apoplexy.0 -
He's onto wine booze and fags now so I assume he's near the end.0
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The look on Vince's face with the £10 with the Tories comment.0
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I cant think of a more brilliant and political budget speech. Amazing0
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I'm crying with laughter. George has made my week.FrancisUrquhart said:
Ed's staff will be pleased...wont have to pop up from the basement now to adjust the fridge in Ed's tea room.Plato said:"To take an absurd example, someone with two kitchens will be able to control both fridges from same mobile phone." #Budget15
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Not in the least TSE, the budget has still to pass the falling apart in 24 hours test.TheScreamingEagles said:
It's says so much about the quality at the top of the Tory party, that Ozzy wasn't in top 3 or 4 to be next leader.Alanbrooke said:
you change your mind faster than you change your shoesTheScreamingEagles said:I've changed my mind, George Osborne will be the next Tory leader
Apologies if this post has given you apoplexy.
Everything comes to him who waits :-)0 -
Any rabbits and hats been seen yet?0
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Nice bit of banter between Dave and Danny when George made his "Ten pounds off a tank with the Tories" comment. I think Dave said to Danny "and the Lib Dems!", and they had a laugh about it like good mates.0
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What about Crossings One to Six?Pulpstar said:Toll rate reduction for Severn Crossing - christ on a bike talk about the details... is there a marginal there or something ?
(I'll get me anorak!)0 -
Try again.bigjohnowls said:Steve Fisher retweeted
Fraser Nelson @FraserNelson 2m2 minutes ago
Growth was good last year, will be okay in years to come. But overall? The slowest recovery in history #Budget2015
Prof Fisher says slowest recovery in history
A large chunk of the economy was destroyed by the recession. A large chunk Brown thought was permanent and could be milked was destroyed by his incompetence.0 -
£10,800 this year then £11,000 next: personal allowance
Higher Rate threshold rises above inflation0
