Saturday, Nov 22, 2008
Badger to the rescue with ergh ... more debt
BBC News: Darling fine-tunes recovery plan
The Chancellor, Alistair Darling, is spending the weekend putting the final touches to a package of tax cuts and big increases in public spending. The measures, designed to revive the flagging economy, are to be announced in Monday's pre-Budget report. It is understood Mr Darling will say tax cuts will only be short-lived and taxes will have to rise in the future.
Posted by quiet guy @ 11:50 AM (728 views) Add Comment
10 Comments
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1. planning4acrash said...
If Britain survives as a nation and doesn't break up into regions. I'm hoping to move to Cornwall once it seperates, gets a gold pasty standard, reopens mines, the Dutchy is forced to sell all its land at knock down prices, no EU agricultural control!
2. planning4acrash said...
Imagine it. End the bank of england, EU and westminster, and income tax is gone!
3. stillthinking said...
We are pretty heavily taxed already so what the tax rate will be like in the future, I dread to think. So long term housing is down also, must be if we are to have less disposable income.
4. it_is_going_with_a_bang said...
So his 'cunning' plan is to borrow loads of money and get us to pay it back later whilst at the same time urging the banks to lend more and us to borrow more.
Great plan.
Where did all the talk of prudence and saving for your retirement go?
This country has been running on property inflation for the last 10 years and not a lot else.
5. str 2007 said...
What gets me is if we need tax cuts and government spending now (with a HPC by their figures of about 5%) what will we need when the figure is -25% by the government index (all others showing -40%)
If Nu Labours economic plans relied on the housing market - which they did - and equity withdrawn from it - which it did. Surely it should have been stress tested and the dimise of easy money tested.
I cannot believe the Sheeple in this country who have let Gordon Brown destroy it and then put him on a rostrum as some sort of guru who's going to fix it.
The sheeple will put their heads in the sand about future tax rises as long as they're bailed out short term.
6. str 2007 said...
Maybe GB is clever as he has realised just how f*****n stupid his electorate are.
And I'm sorry but seeing David Cameron and George Osborne grinning inainly from the other side of the despatch box in the house of commons looking like a pair of school boys on a day out doesn't fill me with any hope for our future either.
Their idea of housing stability is getting advise from self interested Kirsty Allsopp who's father I should imagine holds tremendous garden parties where they can all meet up with there Eton School Chums in the summer.
BAR HUMBUG.
I want someone with back bone and conviction to vote for.
7. Jj said...
When this financial crisis hit, everyone forgets about the problems we had recently. Immigration, Prison's full, schools full etc. What a short memory the sheeple public have.
8. dohousescrashinthewoods said...
You can't get out of debt by borrowing money.
9. sneaker said...
Best way he and Brown could fine-tune the rescue plan is by switching the pound to a fractional gold-backed currency, closing down as much of our big government as possible and then resigning.
Alas in a down-turn there's no way any of that could happen and so instead got a crypto-Trotskyite/Keynesian mega spending plan that's going to place a hateful burden on the coming generations.
What's the point in having children if you then ransack their futures like this?
The problem is that if you convince enough people there's "no more boom and bust" then they will carry on as if the good times will never end and completely fail to prepare themselves for even the most foreseeable downturn.
We knew in massive detail about what people were doing on the way up and yet STILL nobody wanted to hear that it was going to end in a crunch, preferring ad hominem attacks on those of us who tried to ring the warning.
10. Superruss said...
Erm, I thought that the government had already worked out that we were at the top of the tax grab bell curve? We are already losing indigineous brits to Dubai, immigrants are going home, and the only people who were earning significantly have offshored or been made redundant!! (***ing bankers that they are).