FabSwingers.com mobile

Already registered?
Login here

Back to forum list
Back to Politics

Spending Review

Jump to newest
 

By *uffolkcouple-bi only OP   Couple
6 weeks ago

West Suffolk

The Spending Review includes:

A pledge to end the use of migrant hotels by the next election

Confirmation that nine million pensioners will get the winter fuel allowance this year

Free school meals for half a million more children

An extra £39billion over the next decade for social housing

A £15billion boost to transport to “properly connect” Britain’s towns and cities

£22billion investment in research and development and £2billion in Artificial Intelligence

A £30billion injection in clean energy including £14billion for nuclear energy

A rise in departmental budgets by 2.3 per cent a year totalling £190billion more than the Tories

The Defence budget hiked to 2.6 per cent of GDP by 2027

A total of £300billion in extra spending with the only cuts being on migrant hotels.

£119 billion extra borrowing

So best estimate is she’s £170 billion short. I’d start looking down the back of your sofa cushions if I were you guys, because there’s massive tax rises coming again

Reply privatelyReply in forumReply +quote
 

By *oalie66Man
6 weeks ago

Chesterfield

[Removed by poster at 11/06/25 16:15:11]

Reply privatelyReply in forumReply +quote
 

By *oalie66Man
6 weeks ago

Chesterfield

Not using hotels for the illegal immigrants is a red herring as they will be slowly integrated into society via HMO's as we've seen already.

God help the people trying to find a place to rent as the more illegals in HMO's the less stock there is available which in turn pushes the rents up.

Then there's the intigration problem which in my opinion is a ticking time bomb.

Reply privatelyReply in forumReply +quote
 

By *eroy1000Man
6 weeks ago

milton keynes


"The Spending Review includes:

A pledge to end the use of migrant hotels by the next election

Confirmation that nine million pensioners will get the winter fuel allowance this year

Free school meals for half a million more children

An extra £39billion over the next decade for social housing

A £15billion boost to transport to “properly connect” Britain’s towns and cities

£22billion investment in research and development and £2billion in Artificial Intelligence

A £30billion injection in clean energy including £14billion for nuclear energy

A rise in departmental budgets by 2.3 per cent a year totalling £190billion more than the Tories

The Defence budget hiked to 2.6 per cent of GDP by 2027

A total of £300billion in extra spending with the only cuts being on migrant hotels.

£119 billion extra borrowing

So best estimate is she’s £170 billion short. I’d start looking down the back of your sofa cushions if I were you guys, because there’s massive tax rises coming again "

Not long ago she was claiming a 20 billion pound black hole and needed to raise taxes. Seems a drop in the ocean to what she has now pledged. Stopping the hotels for migrants would be an achievement assuming she has a cheaper alternative, especially as they are arriving in ever increasing numbers dispite the pledge to smash the gangs.

Reply privatelyReply in forumReply +quote
 

By *otMe66Man
6 weeks ago

Terra Firma


"The Spending Review includes:

A pledge to end the use of migrant hotels by the next election

Confirmation that nine million pensioners will get the winter fuel allowance this year

Free school meals for half a million more children

An extra £39billion over the next decade for social housing

A £15billion boost to transport to “properly connect” Britain’s towns and cities

£22billion investment in research and development and £2billion in Artificial Intelligence

A £30billion injection in clean energy including £14billion for nuclear energy

A rise in departmental budgets by 2.3 per cent a year totalling £190billion more than the Tories

The Defence budget hiked to 2.6 per cent of GDP by 2027

A total of £300billion in extra spending with the only cuts being on migrant hotels.

£119 billion extra borrowing

So best estimate is she’s £170 billion short. I’d start looking down the back of your sofa cushions if I were you guys, because there’s massive tax rises coming again

Not long ago she was claiming a 20 billion pound black hole and needed to raise taxes. Seems a drop in the ocean to what she has now pledged. Stopping the hotels for migrants would be an achievement assuming she has a cheaper alternative, especially as they are arriving in ever increasing numbers dispite the pledge to smash the gangs. "

That pledge is a bold move that must be smoke and mirrors.

I can see only 2 options for this to be achieved. First option is she bundles this in with the £39 billion for social and affordable housing, and lets Rayner carry the can. Or there will be compulsory purchase orders on the hotels, that then become something else, you know, it is no longer a hotel it is now an asylum integration centre.

Reply privatelyReply in forumReply +quote
 

By *1shadesoffunMan
6 weeks ago

nearby


"Not using hotels for the illegal immigrants is a red herring as they will be slowly integrated into society via HMO's as we've seen already.

God help the people trying to find a place to rent as the more illegals in HMO's the less stock there is available which in turn pushes the rents up.

Then there's the intigration problem which in my opinion is a ticking time bomb.

"

Here in Plymouth due to lower student numbers there’s nearly 600 unlet student properties for September (about 3000 rooms). Plymouth a city the home office are sending asylum to and defo some being housed in hmos. Serco and Clearsprings approaching student landlords for these properties to house AS tenants

Reply privatelyReply in forumReply +quote
 

By *otlovefun42Couple
6 weeks ago

Costa Blanca Spain...

Seems her numbers didn't even survive 24 hours.

April GDP fell by 0.3%. Oops!

Reply privatelyReply in forumReply +quote
 

By *oalie66Man
6 weeks ago

Chesterfield

Oh dear!!

Reply privatelyReply in forumReply +quote
 

By *1shadesoffunMan
6 weeks ago

nearby


"Seems her numbers didn't even survive 24 hours.

April GDP fell by 0.3%. Oops!"

Reeves last week on WFA U turn

‘Now that we have stabilised the economy .. ..’

Reply privatelyReply in forumReply +quote
 

By *otlovefun42Couple
6 weeks ago

Costa Blanca Spain...


"Seems her numbers didn't even survive 24 hours.

April GDP fell by 0.3%. Oops!

Reeves last week on WFA U turn

‘Now that we have stabilised the economy .. ..’"

About as stable as nitro glycerine on a roller coaster.

Reply privatelyReply in forumReply +quote
 

By *otMe66Man
6 weeks ago

Terra Firma


"Seems her numbers didn't even survive 24 hours.

April GDP fell by 0.3%. Oops!

Reeves last week on WFA U turn

‘Now that we have stabilised the economy .. ..’"

Who knows, it could all turn out wonderfully well and a lot of people will owe Reeves an apology 🤥

I know

Reply privatelyReply in forumReply +quote
 

By *ennineTopMan
6 weeks ago

York

The increase announced in the spending review is 2.3% per year compared with 3.8% per year in the 2021 spending review when Johnson was in No 10.

https://www.gov.uk/government/publications/spending-review-2025-document/spending-review-2025-html

https://www.gov.uk/government/publications/autumn-budget-and-spending-review-2021-documents/autumn-budget-and-spending-review-2021-html

Reply privatelyReply in forumReply +quote
 

By *otMe66Man
6 weeks ago

Terra Firma


"The increase announced in the spending review is 2.3% per year compared with 3.8% per year in the 2021 spending review when Johnson was in No 10.

https://www.gov.uk/government/publications/spending-review-2025-document/spending-review-2025-html

https://www.gov.uk/government/publications/autumn-budget-and-spending-review-2021-documents/autumn-budget-and-spending-review-2021-html"

These figures show a slower rate of growth under the Labour government, with the added complexity of not knowing where the money is actually coming from.

October will clear this up one way or another.

Reply privatelyReply in forumReply +quote
 

By *ennineTopMan
6 weeks ago

York

On debt it was £1.17 trillion in 2010 and has risen every year. It was £2.81 last year.

Debt to GDP ratio has been in the middle 90's% since 2020 and doesn't look likely to improve.

Basically the UK is drowning in debt and obviously covid and other recent global events haven't helped.

But claiming that Labour are making everything far worse is stretching things. There's almost no room for manouever so they are tinkering with things (as all governments do) and hoping that the global economy improves.

Reply privatelyReply in forumReply +quote
 

By *otMe66Man
6 weeks ago

Terra Firma


"On debt it was £1.17 trillion in 2010 and has risen every year. It was £2.81 last year.

Debt to GDP ratio has been in the middle 90's% since 2020 and doesn't look likely to improve.

Basically the UK is drowning in debt and obviously covid and other recent global events haven't helped.

But claiming that Labour are making everything far worse is stretching things. There's almost no room for manouever so they are tinkering with things (as all governments do) and hoping that the global economy improves."

The Spending Review offers very little clarity on how Labour plans to fund their so called “tinkering.”

Their fiscal rules are already looking fragile, and if they’re broken as many expect it’s likely to be through increased borrowing to fund public services, or worse, new taxes on the working population.

If either happens, it will be storing up longterm risk at a time when debt is you say is already unsustainable.

They have also opened themselves up for ongoing union clashes, there is no backstop because as I mention time and time again they gave away huge amounts of money with no bilateral agreement.

It was a naive approach that was always going to bite them.

Reply privatelyReply in forumReply +quote
 

By *hrill CollinsMan
6 weeks ago

The Outer Rim

the boomers are going to have to accept that the selling of national assets in the 80's in order to temporarily reduce their income tax is now at an end.

Reply privatelyReply in forumReply +quote
 

By (user no longer on site)
6 weeks ago

Put 1p on tax

If you want a great service you have to pay for it

That's the way the world works

Like the sex business

Reply privatelyReply in forumReply +quote
 

By *rDiscretionXXXMan
6 weeks ago

Gilfach


"Put 1p on tax

If you want a great service you have to pay for it"

This is where I think Labour have been incredibly stupid. It was clear 6 months before the election that Tory voters were pissed off, and that Labour would win the election. At that point, they could have said "We don't like it, but the country's in a bad way, and we're going to have to put 2p on income tax to fix things. We'll take it back off as soon as we're stable".

That wouldn't have changed anyone's perception of them, they still would have won the election, and they would have had a lot more wiggle room to get stuff done.

Reply privatelyReply in forumReply +quote
 

By (user no longer on site)
6 weeks ago

Totally agree

Reply privatelyReply in forumReply +quote
 

By *eroy1000Man
6 weeks ago

milton keynes


"Seems her numbers didn't even survive 24 hours.

April GDP fell by 0.3%. Oops!

Reeves last week on WFA U turn

‘Now that we have stabilised the economy .. ..’"

I suspect a few commentators and interviewers might mention that comment about her stabilising the economy in the near future

Reply privatelyReply in forumReply +quote
 

By *1shadesoffunMan
6 weeks ago

nearby


"Seems her numbers didn't even survive 24 hours.

April GDP fell by 0.3%. Oops!

Reeves last week on WFA U turn

‘Now that we have stabilised the economy .. ..’

I suspect a few commentators and interviewers might mention that comment about her stabilising the economy in the near future"

Hostage to fortune.

Reply privatelyReply in forumReply +quote
 

By *eoBloomsMan
6 weeks ago

Springfield

Council tax to go up 5% every year while services get worse every year.

Fuel tax, income tax, inheritance tax all sure to rise.

Retirement age be 70 soon.

Any young person with skills and ambition needs to get out now.

Reply privatelyReply in forumReply +quote
 

By *abioMan
6 weeks ago

Newcastle and Gateshead


"

A £15billion boost to transport to “properly connect” Britain’s towns and cities "

Some of this is really interesting because a lot of it helps local regions

For example… the Manchester metrolink finally gets the long proposed extension to Stockport

The Tyne and Wear metro finally gets the Washington extension… and possibly the extension to seaham and Hartlepool

New Sheffield supertrams..

Extension of the midlands metro

And then other stuff in Liverpool, West Yorkshire, Bristol and the East Midlands

Reply privatelyReply in forumReply +quote
 

By (user no longer on site)
6 weeks ago


"Council tax to go up 5% every year while services get worse every year.

Fuel tax, income tax, inheritance tax all sure to rise.

Council tax been rising by 5% every year

Nothing new

Retirement age be 70 soon.

Any young person with skills and ambition needs to get out now."

Reply privatelyReply in forumReply +quote
 

By *idnight RamblerMan
6 weeks ago

Pershore


"the boomers are going to have to accept that the selling of national assets in the 80's in order to temporarily reduce their income tax is now at an end."

They were nationalised because without exception they were all basket cases of inefficiency, restrictive trade practices and prolonged strikes. The nation got pissed off to the back teeth with it.

Reply privatelyReply in forumReply +quote
 

By *hrill CollinsMan
6 weeks ago

The Outer Rim


"the boomers are going to have to accept that the selling of national assets in the 80's in order to temporarily reduce their income tax is now at an end.

They were nationalised because without exception they were all basket cases of inefficiency, restrictive trade practices and prolonged strikes. The nation got pissed off to the back teeth with it."

even if that was true, which it isn't, the fact remains that the money from the sales that was squandered reducing income tax ran out and now taxes will have to go back to the level that you and i paid when we first started work. it's that simple

Reply privatelyReply in forumReply +quote
 

By *otlovefun42Couple
6 weeks ago

Costa Blanca Spain...


"the boomers are going to have to accept that the selling of national assets in the 80's in order to temporarily reduce their income tax is now at an end.

They were nationalised because without exception they were all basket cases of inefficiency, restrictive trade practices and prolonged strikes. The nation got pissed off to the back teeth with it.

even if that was true, which it isn't, the fact remains that the money from the sales that was squandered reducing income tax ran out and now taxes will have to go back to the level that you and i paid when we first started work. it's that simple "

If that were true, which it isn't.

The fact remains that the Old British Steel was spunking a million quid a day back in the 70's (probably thick end of a billion in todays money)

If you wanted a new telephone line it was 3 to 6 months wait.

British Rail kept telling us "were getting there" but never did.

As for spending it on lower taxes. Yes Mrs T did lower taxes. But she also had Public Sector Debt Repayment instead of borrowing requirement. Remember that? Us grandads do.

I know the Labour party like to blame everyone else for their inadequacies but going back 40 years is a bit of a push even for that rabble.

Reply privatelyReply in forumReply +quote
 

By *hrill CollinsMan
6 weeks ago

The Outer Rim


"the boomers are going to have to accept that the selling of national assets in the 80's in order to temporarily reduce their income tax is now at an end.

They were nationalised because without exception they were all basket cases of inefficiency, restrictive trade practices and prolonged strikes. The nation got pissed off to the back teeth with it.

even if that was true, which it isn't, the fact remains that the money from the sales that was squandered reducing income tax ran out and now taxes will have to go back to the level that you and i paid when we first started work. it's that simple

If that were true, which it isn't.

The fact remains that the Old British Steel was spunking a million quid a day back in the 70's (probably thick end of a billion in todays money)

If you wanted a new telephone line it was 3 to 6 months wait.

British Rail kept telling us "were getting there" but never did.

As for spending it on lower taxes. Yes Mrs T did lower taxes. But she also had Public Sector Debt Repayment instead of borrowing requirement. Remember that? Us grandads do.

I know the Labour party like to blame everyone else for their inadequacies but going back 40 years is a bit of a push even for that rabble. "

regardless of your fictitious account of you life as a 60 summut year old during the thatcher years, the fact remains that the proceeds from the sales were squandered to fleece the boomers by way of income tax cuts. now, quite simply put, income taxes are going to have to rise again more in line with the rates you were paying in the couple of years before your state retirement age in the mid 80's. basically your generation spunked the money, bankrupt the country and now it's payback time.... the movie.

Reply privatelyReply in forumReply +quote
 

By *uddy laneMan
6 weeks ago

dudley


"the boomers are going to have to accept that the selling of national assets in the 80's in order to temporarily reduce their income tax is now at an end.

They were nationalised because without exception they were all basket cases of inefficiency, restrictive trade practices and prolonged strikes. The nation got pissed off to the back teeth with it.

even if that was true, which it isn't, the fact remains that the money from the sales that was squandered reducing income tax ran out and now taxes will have to go back to the level that you and i paid when we first started work. it's that simple

If that were true, which it isn't.

The fact remains that the Old British Steel was spunking a million quid a day back in the 70's (probably thick end of a billion in todays money)

If you wanted a new telephone line it was 3 to 6 months wait.

British Rail kept telling us "were getting there" but never did.

As for spending it on lower taxes. Yes Mrs T did lower taxes. But she also had Public Sector Debt Repayment instead of borrowing requirement. Remember that? Us grandads do.

I know the Labour party like to blame everyone else for their inadequacies but going back 40 years is a bit of a push even for that rabble.

regardless of your fictitious account of you life as a 60 summut year old during the thatcher years, the fact remains that the proceeds from the sales were squandered to fleece the boomers by way of income tax cuts. now, quite simply put, income taxes are going to have to rise again more in line with the rates you were paying in the couple of years before your state retirement age in the mid 80's. basically your generation spunked the money, bankrupt the country and now it's payback time.... the movie."

And it will be either the gen alpha's the gen beta's or the gen c*nts who will blow up the world as a protest.

Reply privatelyReply in forumReply +quote
 

By *hirleyMan
6 weeks ago

London


"

regardless of your fictitious account of you life as a 60 summut year old during the thatcher years, the fact remains that the proceeds from the sales were squandered to fleece the boomers by way of income tax cuts. now, quite simply put, income taxes are going to have to rise again more in line with the rates you were paying in the couple of years before your state retirement age in the mid 80's. basically your generation spunked the money, bankrupt the country and now it's payback time.... the movie."

It's strange how easy boomers had it (by the comparison to probably the last 2000 years of generations) which has meant they still feel the need to sound hard done by, every time things get worse in the present. The same things which are strongly linked to the sequence of events that helped them profit astronomically and are living like kings and queens in their old age; Something you cannot say has been replicated in history very often if at all to my knowledge, worldwide.

The tone of entitlement is most peculiar when you add up the fact it was not them, but their parents generations and the ones before them, that went through all the pain, hardship and struggle to give them what they profit from and have done their entire lives.

Thing is, I'm jealous that they had such opportunities and hats off to them, I'd have cleaned up also. I like to remember the phrase though; "never look a gift horse in the mouth", because it is important to be humble and not spread negativity. It makes you look greedy and selfish...

Reply privatelyReply in forumReply +quote
 

By *otlovefun42Couple
6 weeks ago

Costa Blanca Spain...


"the boomers are going to have to accept that the selling of national assets in the 80's in order to temporarily reduce their income tax is now at an end.

They were nationalised because without exception they were all basket cases of inefficiency, restrictive trade practices and prolonged strikes. The nation got pissed off to the back teeth with it.

even if that was true, which it isn't, the fact remains that the money from the sales that was squandered reducing income tax ran out and now taxes will have to go back to the level that you and i paid when we first started work. it's that simple

If that were true, which it isn't.

The fact remains that the Old British Steel was spunking a million quid a day back in the 70's (probably thick end of a billion in todays money)

If you wanted a new telephone line it was 3 to 6 months wait.

British Rail kept telling us "were getting there" but never did.

As for spending it on lower taxes. Yes Mrs T did lower taxes. But she also had Public Sector Debt Repayment instead of borrowing requirement. Remember that? Us grandads do.

I know the Labour party like to blame everyone else for their inadequacies but going back 40 years is a bit of a push even for that rabble.

regardless of your fictitious account of you life as a 60 summut year old during the thatcher years, the fact remains that the proceeds from the sales were squandered to fleece the boomers by way of income tax cuts. now, quite simply put, income taxes are going to have to rise again more in line with the rates you were paying in the couple of years before your state retirement age in the mid 80's. basically your generation spunked the money, bankrupt the country and now it's payback time.... the movie."

Blair/Brown spunked the money (and the gold). I think your generation had the vote by then.

What little note did they leave at the treasury after 13 years of largesse with other peoples money in 2010? Yeah! That's the one.

The Labour party are just a bunch of money grabbing chancers who really couldn't run a bath, let alone a country.

One day they will burn in hell, with any luck.

Reply privatelyReply in forumReply +quote
 

By *eoBloomsMan
6 weeks ago

Springfield

From Harvard Business Review:

'In the U.K., privatization has accomplished wonders. By 1979, the borrowings and losses of state-owned industries were running at about £3 billion a year. But from 1989 to 1990, companies privatized by the Thatcher government fattened the government purse by some £2 billion.

Moreover (though this was not the principal reason for putting the companies into private hands), the sales themselves have generated considerable sums—more than £34 billion to date. Along with a dramatically improved overall economy, these revenues made it possible to transform the U.K.’s public sector borrowing requirement into a public sector debt repayment and to repay over a two-year period 12.5% of the net national debt."

I guess ageing communists who think Venezuela would make a nice holiday still pine for the three day week and British Leyland cars with less staying power than a pint of milk, but in the real world Thatcherite privatisation was a huge success.

Reply privatelyReply in forumReply +quote
 

By *hrill CollinsMan
6 weeks ago

The Outer Rim

ageing tory wets can fantasise all they want, the reality is that the money from privatisation was spunked by the boomers when they awarded themselves very handsome tax cuts. but by spunking all the money it just means that income tax will have to go back up closer to the levels before they squandered everything.

Reply privatelyReply in forumReply +quote
 

By *rDiscretionXXXMan
6 weeks ago

Gilfach


"ageing tory wets can fantasise all they want, the reality is that the money from privatisation was spunked by the boomers when they awarded themselves very handsome tax cuts. but by spunking all the money it just means that income tax will have to go back up closer to the levels before they squandered everything."

As the guy above says, the money from the privatisations went to paying off the national debt. The tax cuts were possible because we were no longer paying for the expensive loss-making nationalised industries.

Reply privatelyReply in forumReply +quote
 

By *otlovefun42Couple
6 weeks ago

Costa Blanca Spain...


"ageing tory wets can fantasise all they want, the reality is that the money from privatisation was spunked by the boomers when they awarded themselves very handsome tax cuts. but by spunking all the money it just means that income tax will have to go back up closer to the levels before they squandered everything."

Right OK.

So the Tories were in power in 1967 and devalued the pound after only 3 years in power?

It was the Tories who went cap in hand to the IMF in 1976 because the country was effectively bankrupt?

It was the Tories who in 1999-2002 sold half of the country's gold reserves at the lowest gold price since the end of WW 2. Then 8 years later left a note in the treasury saying "there's no money left, we've spent it all"?

As you well know all of that is firmly on Labour's rap sheet.

So stop piffling on about the Tories flogging a few bankrupt basket case company's and balancing the nations books.

Reply privatelyReply in forumReply +quote
 

By *aughtystaffs60Couple
6 weeks ago

Staffordshire


"ageing tory wets can fantasise all they want, the reality is that the money from privatisation was spunked by the boomers when they awarded themselves very handsome tax cuts. but by spunking all the money it just means that income tax will have to go back up closer to the levels before they squandered everything."

Labour inherited a goldilocks economy in 1997 and spaffed the lot by 2010. That is the reality.

Reply privatelyReply in forumReply +quote
 

By *hirleyMan
6 weeks ago

London


"

So stop piffling on about the Tories flogging a few bankrupt basket case company's and balancing the nations books.

"

British petroleum was/is a bankrupt basket case?

Reply privatelyReply in forumReply +quote
 

By *rDiscretionXXXMan
6 weeks ago

Gilfach


"So stop piffling on about the Tories flogging a few bankrupt basket case company's and balancing the nations books."


"British petroleum was/is a bankrupt basket case?"

So you accept that the rest of them were bankrupt basket cases, you're only quibbling about BP?

Reply privatelyReply in forumReply +quote
 

By *hirleyMan
6 weeks ago

London


"ageing tory wets can fantasise all they want, the reality is that the money from privatisation was spunked by the boomers when they awarded themselves very handsome tax cuts. but by spunking all the money it just means that income tax will have to go back up closer to the levels before they squandered everything.

Labour inherited a goldilocks economy in 1997 and spaffed the lot by 2010. That is the reality."

Blair and Brown for their faults of many, are the only twats with a shred of credibility from the last 45 years. Longest sustained economic growth, NHS waiting down, last time the UK had a SURPLUS and not deficits, amongst a list as long as my arm of things that made the UK great. Load of nonsense, "inherited"; it doesn't take 1 term of government to just start to make an improvement, last government had 3 terms and their 'legacy' is brexit and austerity

Reply privatelyReply in forumReply +quote
 

By *aughtystaffs60Couple
6 weeks ago

Staffordshire

[Removed by poster at 14/06/25 10:02:09]

Reply privatelyReply in forumReply +quote
 

By *aughtystaffs60Couple
6 weeks ago

Staffordshire


"ageing tory wets can fantasise all they want, the reality is that the money from privatisation was spunked by the boomers when they awarded themselves very handsome tax cuts. but by spunking all the money it just means that income tax will have to go back up closer to the levels before they squandered everything.

Labour inherited a goldilocks economy in 1997 and spaffed the lot by 2010. That is the reality.

Blair and Brown for their faults of many, are the only twats with a shred of credibility from the last 45 years. Longest sustained economic growth, NHS waiting down, last time the UK had a SURPLUS and not deficits, amongst a list as long as my arm of things that made the UK great. Load of nonsense, "inherited"; it doesn't take 1 term of government to just start to make an improvement, last government had 3 terms and their 'legacy' is brexit and austerity "

Because of Blair and Browns economic policies and lack of repsect to democracy is the way I look at it for 2010. You look at it in terms of 13 years of labour. I look at it in longer term and having lived through your labour utopia which nearly put me in the clink thanks to their family credit fiasco.

Ridiculous benefit that was so full of holes in it's rules it nearly bankrupted the country. Yet another badly thought out labour policy that cost Billions.

Reply privatelyReply in forumReply +quote
 

By *hirleyMan
6 weeks ago

London


"So stop piffling on about the Tories flogging a few bankrupt basket case company's and balancing the nations books.

British petroleum was/is a bankrupt basket case?

So you accept that the rest of them were bankrupt basket cases, you're only quibbling about BP?"

I'm not listing the exhaustive list of privatisation fails to make my point.

Carry on brushing off the 'criminal' event of selling a major UK commodity like that and declaration of your bias by not pulling people who mention the brown bottom. When that golds value, even today, is worth about a day's government expenditure...

Pales in comparison to profit from oil in the north sea, that is worth over a trillion! Easily pays for all the capital expenditure that Reeves has foolishly announced for the next few years.

Reply privatelyReply in forumReply +quote
 

By *eoBloomsMan
6 weeks ago

Springfield

BP's profits increased hugely after privatisation returning far more to the Treasury in tax revenues than when publicly owned.

Reply privatelyReply in forumReply +quote
 

By *hirleyMan
6 weeks ago

London


"ageing tory wets can fantasise all they want, the reality is that the money from privatisation was spunked by the boomers when they awarded themselves very handsome tax cuts. but by spunking all the money it just means that income tax will have to go back up closer to the levels before they squandered everything.

Labour inherited a goldilocks economy in 1997 and spaffed the lot by 2010. That is the reality.

Blair and Brown for their faults of many, are the only twats with a shred of credibility from the last 45 years. Longest sustained economic growth, NHS waiting down, last time the UK had a SURPLUS and not deficits, amongst a list as long as my arm of things that made the UK great. Load of nonsense, "inherited"; it doesn't take 1 term of government to just start to make an improvement, last government had 3 terms and their 'legacy' is brexit and austerity

Because of Blair and Browns economic policies and lack of repsect to democracy is the way I look at it for 2010. You look at it in terms of 13 years of labour. I look at it in longer term and having lived through your labour utopia which nearly put me in the clink thanks to their family credit fiasco.

Ridiculous benefit that was so full of holes in it's rules it nearly bankrupted the country. Yet another badly thought out labour policy that cost Billions."

I'll always admit I'm bias for that term of government, in my household growing up I had a great opportunity and start because of their policies. I don't doubt many faired negativly from some of their decisions, and these days I fully acknowledge their failures, mostly because I think they're complicit in not nationalising things again. I'll agree to disagree about bankruptcy of the country, your using murdoch/rothermere spun lines that aren't accurately correct at all.

But can you give me tangible results that benefited ordinary people during 2010-2024?

Reply privatelyReply in forumReply +quote
 

By *otMe66Man
6 weeks ago

Terra Firma


"ageing tory wets can fantasise all they want, the reality is that the money from privatisation was spunked by the boomers when they awarded themselves very handsome tax cuts. but by spunking all the money it just means that income tax will have to go back up closer to the levels before they squandered everything.

Labour inherited a goldilocks economy in 1997 and spaffed the lot by 2010. That is the reality.

Blair and Brown for their faults of many, are the only twats with a shred of credibility from the last 45 years. Longest sustained economic growth, NHS waiting down, last time the UK had a SURPLUS and not deficits, amongst a list as long as my arm of things that made the UK great. Load of nonsense, "inherited"; it doesn't take 1 term of government to just start to make an improvement, last government had 3 terms and their 'legacy' is brexit and austerity "

This is one way to look at the benefits of the Blair and Brown pay day loans that funded public spending. You do know we are still paying off their debts and will be for another 10 years or more?

Reply privatelyReply in forumReply +quote
 

By *rDiscretionXXXMan
6 weeks ago

Gilfach


"BP's profits increased hugely after privatisation returning far more to the Treasury in tax revenues than when publicly owned."

Particularly when you consider that they have to pay 40% tax on their profits, double what most companies pay.

Reply privatelyReply in forumReply +quote
 

By *hrill CollinsMan
6 weeks ago

The Outer Rim

regardless of the wets fantasy history, the money that the boomers spunked on tax breaks for themselves has long gone and now income tax will have to go back to a similar level as it was before they squandered all the cash ... it's that simple

Reply privatelyReply in forumReply +quote
 

By *1shadesoffunMan
6 weeks ago

nearby


"regardless of the wets fantasy history, the money that the boomers spunked on tax breaks for themselves has long gone and now income tax will have to go back to a similar level as it was before they squandered all the cash ... it's that simple "

£40bn treating obesity, alcoholism, drugs and smoking diseases

£39bn on housing because the state sold off social housing at a discount

9.5 million people on benefits including many in work

£250bn owed on student loans for grads working in tescos

Two thirds of the countries wealth characterised by over priced housing

Generation of pensionless renters coming up

Decades of paying more to catch up

Reply privatelyReply in forumReply +quote
 

By *hrill CollinsMan
6 weeks ago

The Outer Rim


"

Decades of paying more to catch up

"

exactly, it was always inevitable that the money spunked by the boomers has to come from higher income tax now

Reply privatelyReply in forumReply +quote
 

By *rDiscretionXXXMan
6 weeks ago

Gilfach


"regardless of the wets fantasy history, the money that the boomers spunked on tax breaks for themselves has long gone and now income tax will have to go back to a similar level as it was before they squandered all the cash ... it's that simple"

Continuing to repeat it won't make it true

Hang on, are you saying that the money gained by privatisation has only just run out? Why didn't Blair and Brown spend it all on useful stuff when they were in power?

Reply privatelyReply in forumReply +quote
 

By *hrill CollinsMan
6 weeks ago

The Outer Rim


"

Continuing to repeat it won't make it true

"

you saying taxes aren't going to increase then?

Reply privatelyReply in forumReply +quote
 

By *rDiscretionXXXMan
6 weeks ago

Gilfach


"Continuing to repeat it won't make it true"


"you saying taxes aren't going to increase then?"

Of course taxes are going to increase. Labour announced increases as soon as they got into power, and they've just announced a load of spending, so they'll have to increase some more.

That's nothing to do with privatisations made over 30 years ago.

Reply privatelyReply in forumReply +quote
 

By *aughtystaffs60Couple
6 weeks ago

Staffordshire


"ageing tory wets can fantasise all they want, the reality is that the money from privatisation was spunked by the boomers when they awarded themselves very handsome tax cuts. but by spunking all the money it just means that income tax will have to go back up closer to the levels before they squandered everything.

Labour inherited a goldilocks economy in 1997 and spaffed the lot by 2010. That is the reality.

Blair and Brown for their faults of many, are the only twats with a shred of credibility from the last 45 years. Longest sustained economic growth, NHS waiting down, last time the UK had a SURPLUS and not deficits, amongst a list as long as my arm of things that made the UK great. Load of nonsense, "inherited"; it doesn't take 1 term of government to just start to make an improvement, last government had 3 terms and their 'legacy' is brexit and austerity

Because of Blair and Browns economic policies and lack of repsect to democracy is the way I look at it for 2010. You look at it in terms of 13 years of labour. I look at it in longer term and having lived through your labour utopia which nearly put me in the clink thanks to their family credit fiasco.

Ridiculous benefit that was so full of holes in it's rules it nearly bankrupted the country. Yet another badly thought out labour policy that cost Billions.

I'll always admit I'm bias for that term of government, in my household growing up I had a great opportunity and start because of their policies. I don't doubt many faired negativly from some of their decisions, and these days I fully acknowledge their failures, mostly because I think they're complicit in not nationalising things again. I'll agree to disagree about bankruptcy of the country, your using murdoch/rothermere spun lines that aren't accurately correct at all.

But can you give me tangible results that benefited ordinary people during 2010-2024?"

Did you give your £ 400 quid back then when Labour were elected. No thought not.

Did you accept Furlough money if you or your company needed it.

Reply privatelyReply in forumReply +quote
 

By *hirleyMan
6 weeks ago

London


"ageing tory wets can fantasise all they want, the reality is that the money from privatisation was spunked by the boomers when they awarded themselves very handsome tax cuts. but by spunking all the money it just means that income tax will have to go back up closer to the levels before they squandered everything.

Labour inherited a goldilocks economy in 1997 and spaffed the lot by 2010. That is the reality.

Blair and Brown for their faults of many, are the only twats with a shred of credibility from the last 45 years. Longest sustained economic growth, NHS waiting down, last time the UK had a SURPLUS and not deficits, amongst a list as long as my arm of things that made the UK great. Load of nonsense, "inherited"; it doesn't take 1 term of government to just start to make an improvement, last government had 3 terms and their 'legacy' is brexit and austerity

This is one way to look at the benefits of the Blair and Brown pay day loans that funded public spending. You do know we are still paying off their debts and will be for another 10 years or more?"

Really though?

I think your "sauces" are out son

Reply privatelyReply in forumReply +quote
 

By *hirleyMan
6 weeks ago

London


"ageing tory wets can fantasise all they want, the reality is that the money from privatisation was spunked by the boomers when they awarded themselves very handsome tax cuts. but by spunking all the money it just means that income tax will have to go back up closer to the levels before they squandered everything.

Labour inherited a goldilocks economy in 1997 and spaffed the lot by 2010. That is the reality.

Blair and Brown for their faults of many, are the only twats with a shred of credibility from the last 45 years. Longest sustained economic growth, NHS waiting down, last time the UK had a SURPLUS and not deficits, amongst a list as long as my arm of things that made the UK great. Load of nonsense, "inherited"; it doesn't take 1 term of government to just start to make an improvement, last government had 3 terms and their 'legacy' is brexit and austerity

Because of Blair and Browns economic policies and lack of repsect to democracy is the way I look at it for 2010. You look at it in terms of 13 years of labour. I look at it in longer term and having lived through your labour utopia which nearly put me in the clink thanks to their family credit fiasco.

Ridiculous benefit that was so full of holes in it's rules it nearly bankrupted the country. Yet another badly thought out labour policy that cost Billions.

I'll always admit I'm bias for that term of government, in my household growing up I had a great opportunity and start because of their policies. I don't doubt many faired negativly from some of their decisions, and these days I fully acknowledge their failures, mostly because I think they're complicit in not nationalising things again. I'll agree to disagree about bankruptcy of the country, your using murdoch/rothermere spun lines that aren't accurately correct at all.

But can you give me tangible results that benefited ordinary people during 2010-2024?

Did you give your £ 400 quid back then when Labour were elected. No thought not.

Did you accept Furlough money if you or your company needed it.

"

I mean that's the money that was printed at the expense of the tax payer. It has now shown in the form of stagflation, which the UK is experiencing and will do for at least 10 years, maybe double, regardless of who is at no.10 (because I'm cynical about the UK prospective model/product).

Regardless, this money has all but circulated upwards to the mega rich, but you, like many stubborn minded aren't ready to let your dear heads into that part of reality yet.

Reply privatelyReply in forumReply +quote
 

By *aughtystaffs60Couple
5 weeks ago

Staffordshire

Maybe so but what was the alternative ?

Do enlighten us as to what labour would have done in that situation ? I don't remember them coming up with anything constructive except more lockdowns and more draconian mask wearing etc etc. ?

Perhaps they wouldn't have done anything and let us all sink. Fair enough.... I know 100% that without furlough our business would have gone bust. So..... if labour had been in power we would have gone bust...... pure and simple.

So that would have been 25 or so people in a SME on the dole queue.

The reality is the danger of going bust under this government has probably returned. At least I am another 3 years retirement and when it happens I'll just join the rest of the elderly population hoping and praying I have put enough by to last.

Reply privatelyReply in forumReply +quote
 

By *2000ManMan
5 weeks ago

Worthing

Typical Labour...magic money tree!

Reply privatelyReply in forumReply +quote
 

By *hirleyMan
5 weeks ago

London

[Removed by poster at 15/06/25 12:43:23]

Reply privatelyReply in forumReply +quote
 
 

By *hirleyMan
5 weeks ago

London


"Maybe so but what was the alternative ?

Do enlighten us as to what labour would have done in that situation ? I don't remember them coming up with anything constructive except more lockdowns and more draconian mask wearing etc etc. ?

Perhaps they wouldn't have done anything and let us all sink. Fair enough.... I know 100% that without furlough our business would have gone bust. So..... if labour had been in power we would have gone bust...... pure and simple.

So that would have been 25 or so people in a SME on the dole queue.

The reality is the danger of going bust under this government has probably returned. At least I am another 3 years retirement and when it happens I'll just join the rest of the elderly population hoping and praying I have put enough by to last. "

I'm sure you mistake me for a pro labour guy, I'm not trying to give that impression to be honest as it's wide of the mark. On reflection, I didn't mean to come across as harshly about people like you being stubborn in my last post, everyone is stubborn politically. My point here is I just don't know why people treat politics like supporting a football team! It's nothing alike, and it's even ok to change your politics too, because it's a spectrum and not linear like other tribal followings are.

The last decade of government was atrocious imo, and the statistics back that up. Yearly increases in national debt, even prior to covid was never got hold of and continued deficits were the theme with nothing to show for it. Covid and Ukraine war has exasperated the lack of foresight and any attempt to try a ten year plan for example, instead you get Boris johnson talking like he's Winston Churchill, who was elected based on the fact the country was in total war, were not at war and were not in the industrial revolution times. Be original and stop trying to emulate and model on someone from the past, we've had enough of that bolox.

My criticism doesn't just extend to 14 tory years, I'm not hopeful of Reeves "growth" plans to get the country out of a doom spiral either. It's all wishy washy to be honest, and these £300bn plans sound ridiculous imo, I can't sound too critical about it because they deserve their time to let what plans they have play out, so you will connect that to being bias, yet it's just that it's not happened yet so how can anyone be as vocal about it? It just looks like more of the same though and nothing some might deem radical, but it's what is required.

I'm sick of the short term option taken for the populist strategy. This again, is not specifically stereotypical of red or blue, but just seems more a symptom of the western world we live in. It's easier to kick the can than put things in place that could be 10,15,20 years before any rewards are realised, because by then nobody remembers and it's not them getting the credit. That is NOT leadership. I hope for your sake, but more so my own that someone does eventually take it in a better direction, because you think your years ahead look bleak, the younger you are the worse it looks now.

I won't finish that negatively though, because it just takes that spark to turn it round and can easily be done, but it just needs someone, someone who I haven't seen anywhere near it yet.

Reply privatelyReply in forumReply +quote
Post new Message to Thread
back to top