THE BUDGET 2021

MolteniArcore

MolteniArcore

Well-known member
Most of it has been 'leaked' so far but it looks decidedly like some kind of austerity will be introduced thanks to Sunak's fiscal rules. I do enjoy the coverage though. I do hope he puts in a clanger that will upset everyone though - maybe a Tax Rise that they U-turn on or something even better that will shed them votes.
 
There's no point in having it in parliament any more. They might as well just do a video screening of it being announced.

We haven't moved away from austerity so it's not like it will be introduced.
 
They spend days briefing journalists and giving them specific days when they can release information and then Clarke has the cheek to say that he can’t comment about leaks.

Shameless bunch of charlatans.
 
Yes but isn't austerity just a different spin on prudence? At the end of the day COVID has cost a fortune - didn't track and trace alone cost something like £40bn?, furlough etc etc. Doesn't it make sense to rein in expenditure now?
 
CommanderComcast said:
Yes but isn't austerity just a different spin on prudence? At the end of the day COVID has cost a fortune - didn't track and trace alone cost something like £40bn?, furlough etc etc. Doesn't it make sense to rein in expenditure now?
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You don't need to cut spending to 'balance the books' - growth can do this also and to generate that growth you need to invest. Government debt is not like household debt. Without sounding patronising it's best to spend a but of time learning how they are different as it opens your eyes to how 'austerity' was a political choice, not a fiscal one.
 
Hardly an Tories wearing masks in the chamber despite all employees having to and the conversations we have this week and the MP who got it last week.
 
MolteniArcore said:
You don't need to cut spending to 'balance the books' - growth can do this also and to generate that growth you need to invest. Government debt is not like household debt. Without sounding patronising it's best to spend a but of time learning how they are different as it opens your eyes to how 'austerity' was a political choice, not a fiscal one.
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See the war debt as a prime example of how the debt eroded with inflation
 
Austerity doe snot work, growth and investment is how you get out of a deficit.

for evidence see what almost all countries after major wars, and economic disasters have done in the last 150+ years prior to 2008 and their success. Then compare any of them to a decade of austerity. It has been a failure and should be a dead ideology, it isn't because during austerity regimes the ultra wealthy hoover in wealth at everyone else's expense and to really kick you in the balls just add to the debt, they don't even balance the books. It is far from a fiscally sound policy as you can get, it almost certain hardship for the lower paid in this country and the most vulnerable.
 
MolteniArcore said:
You don't need to cut spending to 'balance the books' - growth can do this also and to generate that growth you need to invest. Government debt is not like household debt. Without sounding patronising it's best to spend a but of time learning how they are different as it opens your eyes to how 'austerity' was a political choice, not a fiscal one.
Click to expand...
Totally agree with this.

I used to think Government debt was a bit like household debt but then i heard Yanis Varoufakis (probably not correct spelling) on question time or newsnight; he explained how investment and growth is key rather than cutting spending to the bone.

Austerity is a purely idealogical policy, just look at the vast amount of billions that the tories have syphoned off and given to their donors and friends but then refuse to retain the universal credit uplift or were trying their hardest to starve children until Rashford got involved.

Don't be sucked in by talk of balancing the books, it has absolutely nothing to do with that.
 
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