Friday, Nov 21, 2008
Monday should be an interesting day!
BBC News: Taxes to fall and then rise
On Monday, the chancellor will admit, by implication, that the government's industrial policy of the past decade has been something of a disaster.
Actually to call it an industrial policy is a bit misleading - but what I mean is the Treasury's celebration over many years of the UK's growing economic dependence on the City of London and financial services.
The City contributed around a third of our economic growth in the recent past and about 10% of total output.
Posted by flintster1994 @ 05:08 PM (644 views) Add Comment
10 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. alan said...
Lots of interesting comments building below the article. One by "Ian the Chopper" caught my eye...
"So in other words lets bribe people with tax cuts today and defer tax rises till after the next General Election.
If Labour are still in power then they will worry about it then and if the Tories get in at least this should save a few more labour MP's from losing their seats.
Never in the field of financial planning have so few spent so much to try to con their way to a general election victory.
Boom and bust is here to stay"!
2. enuii said...
Mentions VAT at 22.5%, now thats a retail eye waterer.
3. sold out said...
alan@ 05:35
"Never in the field of financial planning have so few spent so much to try to con their way to a general election victory."
Yes i like it, The Battle of Britain.
I reckon they might just go for an election in Spring 2009.
I listened to Gordon Brown on radio 2, Jeremy Vine show today. Christ he really is trying to convince everyone that NONE of the problems where created by HIM.
Its all "problems created in america" or "global economic downturn" or "the banks fault"
But some people where actually ringing in and saying that he was doing a good job or he was best man to sort out the economic problems.
The vast majority of people in this country are so financially illiterate they completely missunderstand how we reached this stage.Or maybe they are so desperate for a solution to save their sorry @sses that their pinning all hope on Gordon and believing his pathetic spin.
If the unthinkable happens and Gordon manages to get elected in 09 or 10, then thats it.Game over.It will be time to leave.
4. planning4acrash said...
Depends, what if government just totally implodes? Like, what if the EU breaks up? Well, that would take many shackles of the UK, and it may break up into its regions. Seriously, could happen. Scotland would do very well, with oil revenue, Wales would do extremely well with a liberated farmland base and would be free to go about re-opening the mines.
5. planning4acrash said...
Cornwall could break away, liberate itself from London second home owners and protect its fishing rights, re-open its mines, and boom again!
6. robh said...
Essex could start having witchcraft trials again
7. crash bandicoot said...
P4AC, I always chuckle when I see the argument that the Scottish could inherit North Sea oil rights. The only reason that we (UK) have them anyway is due to the historic strength of the Royal Navy. If Scotland had been properly independant for a few centuries the North Sea would probably have been Danish - together with the Shetlands and Orkneys.
8. paul said...
Hartlepool could start hanging monkeys for being Frenchmen again!
9. amjidk said...
West Yorkshire's Screwed
10. A Solovine said...
Alan @ 1. The next general election is a poisoned chalice. Not one to win. I'd vote Labour.