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We'll Have To Cut Costs - Darling

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http://news.bbc.co.uk/1/hi/uk_politics/8242876.stm

Chancellor Alistair Darling has said the government will have to "cut costs" and "shift resources to the front line" to deal with the recession's effects.

He said ministers would have to look at selling off "non-essential public sector assets" and shift resources to "where they are needed most".

But he said cutting spending now risked "choking off" the recovery.

Tory leader David Cameron said Labour's planned spending increases next year were "unaffordable".

In a speech in Cardiff, part of the Chambers of Commerce Business Week, Mr Darling said "targeted public investment" was essential for the economy to recover.

'Choking' recovery

But he said the government was prepared to make the "tough choices necessary" while continuing to build a "fair society".

He said the role of government was important - and accused the previous Conservative administration of abandoning "hundreds of thousands who lost their jobs".

"It is not within the power of any government to protect every job. But it is within our power - and I believe our responsibility - to support people and help them find new employment."

Mr Darling said cutting support now would risk "choking off" the recovery and prolonging the downturn.

But he added: "In the medium term we need to live within our means, not to do so would be equally irresponsible and damage our country's future."

He cited plans to increase the top rate of tax on high earners, as outlined in the Budget, as one of the ways the government intends to halve the deficit over four years.

"It is also necessary to see slower growth in public spending in the coming years," he said.

On health, he said money had to be spent "more effectively" in preventing illness and that the government would "revisit" performance targets to give the NHS "flexibility".

More waffle doesn't say how this will be achieved.

Middle management needs to be cut, loads of pointless posts created by generating a huge paper trail.

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"It is also necessary to see slower growth in public spending in the coming years," he said.

slower growth? no, it needs to be reduced. a lot.

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Don't you see it?

This is part of the plan; making nations so broke that they have to sell off national assets paid for over the years by taxpayer funding - for pennies on the dollar.

Soon everything about nation states will be privately owned.

slower growth? no, it needs to be reduced. a lot.

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What assets do they have left to sell ?

How about you close all the banks that are insolvent, make clearing and payment services a nationalized

service provided by the Bank of England. Sell all of the assets of these banks to get back the money we have bailed them out with.

Sorry we can cope without high street retails banks we could use the post office, this would provide the post offices with something useful to do again. We could also go back to cash.

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Don't you see it?

This is part of the plan; making nations so broke that they have to sell off national assets paid for over the years by taxpayer funding - for pennies on the dollar.

Soon everything about nation states will be privately owned.

Good for executive placements for the failed politicians that drove it through.

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Don't you see it?

This is part of the plan; making nations so broke that they have to sell off national assets paid for over the years by taxpayer funding - for pennies on the dollar.

Soon everything about nation states will be privately owned.

See Klein's 'Shock Doctrine'; and Milton "Privatise everything bar Armed Forces and some Roads" Friedman. His ghost still haunts.

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  • NHS

  • Roads

  • Right To Levy Tax

The right to levy tax is scary, surely there is a law that this can only be granted by the queen.

If not we are entering Alice in wonderland territory.

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The right to levy tax is scary, surely there is a law that this can only be granted by the queen.

If not we are entering Alice in wonderland territory.

How can they ever think they can get blood out of a stone...maybe they had better start taxing themselves. ;)

Edited by winkie

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Guest DissipatedYouthIsValuable
Don't you see it?

This is part of the plan; making nations so broke that they have to sell off national assets paid for over the years by taxpayer funding - for pennies on the dollar.

Soon everything about nation states will be privately owned.

Until we get a Chavez.

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What assets do they have left to sell ?

How about you close all the banks that are insolvent, make clearing and payment services a nationalized

service provided by the Bank of England. Sell all of the assets of these banks to get back the money we have bailed them out with.

Sorry we can cope without high street retails banks we could use the post office, this would provide the post offices with something useful to do again. We could also go back to cash.

Good point...why do we need High Street banks?.....We don't, there are other ways we can manage our money, places to keep our money and credit at better rates can be obtained elsewhere.....we need new and better, open, trustworthy, transparent and ethical options and whoever can provide it won't regret it. ;)

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They have one thing of value everything else is like looking for pennies behind the sofa to pay your way.

They could grant planning permission on 2 million plots of which most would be within greater London and the surrounding areas. That would bring at least £75B and likely in the region of £100-150B. This would be done over a five year period. The secondary benefit of this is that it would create nearly 1 million jobs in the construction and related industries for a period of 5 years or longer.

That would lower the benefits bill and increase tax receipts further from the workers wages and spending.

In the medium term it would also lower rents and hence the cost of hosing benefits etc.

Overall during a 10 year period this would be equivalent to £200-300B.

Edited by cells

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