RDW Posted May 24, 2010 Share Posted May 24, 2010 Now Wales aims to not implement any cuts on the Assembly in htis financial year - but do it next year instead! Another year living in a fool's paradise, what's the problem ? Quote Link to comment Share on other sites More sharing options...
scappers Posted May 24, 2010 Share Posted May 24, 2010 Fewer jobs in both private and public sector. Less help for the long term unemployed. No stimulus, just the reverse, for growth. More unemployed means a higher social and financial cost. Pushing us over into the double dip. Didn't have the ***** to make a statement in Parliament. Couldn't have done worse. Hmm, I don't know - making a non-job paying 30K redundant and then paying them, I don't know, 5K a year unemployment IS a saving. Quote Link to comment Share on other sites More sharing options...
Dorkins Posted May 24, 2010 Share Posted May 24, 2010 I agree, exactly the sort of income tax regime we need. And here you are again, doing your Gordon Brown impression. NHS consultants will work for whatever I pay them! I laugh in the face of labour markets! Or are you going to build a big wall round the place to stop people leaving? There's nowhere for them to go, every other country needs to cut government spending too. Quote Link to comment Share on other sites More sharing options...
Cogs Posted May 24, 2010 Share Posted May 24, 2010 There's nowhere for them to go, every other country needs to cut government spending too. I'm not finding that to be true, your mileage may vary. I think the point is there are different priorities about. The UK is attempting to reinflate the ponzi economy to aid bankers, City types, estate agents and other worthless tertiary sector workers. There are some countries that have the crazy idea that things like production, education and growth matter. Quote Link to comment Share on other sites More sharing options...
hilltop Posted May 24, 2010 Share Posted May 24, 2010 Hmm, I don't know - making a non-job paying 30K redundant and then paying them, I don't know, 5K a year unemployment IS a saving. JSA is not the only cost. Add Housing Benefit, add higher Health costs, add lost tax revenue. A much closer calculation and unemployment does no good to anyone. Quote Link to comment Share on other sites More sharing options...
refusnik Posted May 24, 2010 Share Posted May 24, 2010 (edited) I know of a 'public' sector worker (10 years) paid between 25K and 50K who has brought 10's millions in revenue INTO the country as a direct result of their IP, funding the employment of several people. Perhaps they should take one of the jobs abroad they are offered ? For heaven's sake. Job is a job. I know a lot of of people who are paid less then £25K to lorry around goods worth millions of pounds. And they don't steal a penny. Should they get a yearly bonus? Fair enough, anything over 25K halved plus 10% of any income generated. Seems reasonable?? Is there a problem? How about Tesco putting prices 10% up and letting their cashiers keep 10% of the "income generated" (=turnover in case of government.) Edited May 24, 2010 by refusnik Quote Link to comment Share on other sites More sharing options...
Ponzi Posted May 24, 2010 Share Posted May 24, 2010 JSA is not the only cost. Add Housing Benefit, add higher Health costs, add lost tax revenue. A much closer calculation and unemployment does no good to anyone. Dude, you need to resit your GCSE Economics “We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle” Churchill Quote Link to comment Share on other sites More sharing options...
LiveinHope Posted May 24, 2010 Share Posted May 24, 2010 For heaven's sake. Job is a job. I think we will have to agree to disagree Quote Link to comment Share on other sites More sharing options...
DEATH Posted May 24, 2010 Share Posted May 24, 2010 Do you see the Labour muppets are complaining even about these meagre cuts? What do they suggest ...... we keep running a £170bn deficit and maybe increase it more? What sort of feckless idiots keep voting for these people, you are going to destroy the country to the extent there is no food! The Public Sector doesn't need cuts, it needs butchering! They gave an £8m grant to refurbish Blackpool tower just before they were booted out.... LOL I can think of one use for the tower. Quote Link to comment Share on other sites More sharing options...
TheEmperorHasNoClothes Posted May 24, 2010 Share Posted May 24, 2010 Rather than sacking staff, I would prefer the maximum salary in any public funded institution to be £50,000 per year. Those on £25,000or less not to be affected. To implement this:- Excess over £75,000 to be reduced by 100% Balance between £25,000 and £75,000 to be reduced by 50% Band under £25,000 no reduction. For public funded pensions, a similar process to achieve a max pension of £25,000 per year with those on £12,500 or less unaffected. But how will they pay the mortgage on their £500k house? Surely that'll just lead to a house price crash Quote Link to comment Share on other sites More sharing options...
TheEmperorHasNoClothes Posted May 24, 2010 Share Posted May 24, 2010 (edited) New Government Slogan should be: If you are not embarrassed by your spending cuts, then you are still spending too much. Edited May 24, 2010 by TheEmperorHasNoClothes Quote Link to comment Share on other sites More sharing options...
The Eagle Posted May 24, 2010 Share Posted May 24, 2010 (edited) So let me get this right: Italy's government (which has a much lower budget deficit than the UK) is currently planning 24 billion Euros of spending cuts, while the UK gov is only planning 6 billion Pounds worth of cuts? UK is f**cked... 6 billion Pounds is embarrasingly little! Edited May 24, 2010 by wise_eagle Quote Link to comment Share on other sites More sharing options...
Cogs Posted May 24, 2010 Share Posted May 24, 2010 (edited) So let me get this right: Italy's government (which has a much lower budget deficit than the UK) is currently planning 24 billion Euros of spending cuts, while the UK gov is only planning 6 billion Pounds worth of cuts? UK is f**cked... Slightly different isn't it, reforms of systems will have to wait for a budget, they aren't as such in the gift of the government to do but rather parliament (technicality in theory but it exists). There are things like wholesale reform of benefits etc. still to come and then to make other cuts you have to remove the legislation that created the function. Its no good sacking pen pushers if it means your GP never sees any patients because he now has all their reporting and admin load to do etc. They could also do something about the 100 billion + in tax they don't bother collecting every year. Its like New Labour and inventing new laws, if they just enforced what they already had there'd be no need. But politicians don't like that, they aren't seen to be doing anything. Edited May 24, 2010 by Cogs Quote Link to comment Share on other sites More sharing options...
The Eagle Posted May 24, 2010 Share Posted May 24, 2010 Slightly different isn't it, In which way are the cuts they are doing in Italy different than the ones the UK gov is planning? Both are emergency budgets. Quote Link to comment Share on other sites More sharing options...
The Eagle Posted May 24, 2010 Share Posted May 24, 2010 What is £6bn - about a 1% reduction is the figure banded around or 10 days of deficit spending. Just re-arranging the deck chairs IMHO.... exactly Quote Link to comment Share on other sites More sharing options...
scappers Posted May 24, 2010 Share Posted May 24, 2010 JSA is not the only cost. Add Housing Benefit, add higher Health costs, add lost tax revenue. A much closer calculation and unemployment does no good to anyone. There's effectively no tax revenue from the public sector. Government collects £30K tax from private sector, pays public sector £30K with it, and collects, say, £10K tax from same public worker. That doesn't equal a total £40K tax take, it equals a total £10K tax take. I agree housing benefit is another cost, assuming they don't have savings or are living with someone with a job. Quote Link to comment Share on other sites More sharing options...
Dorkins Posted May 24, 2010 Share Posted May 24, 2010 I'm not finding that to be true, your mileage may vary. I think the point is there are different priorities about. The UK is attempting to reinflate the ponzi economy to aid bankers, City types, estate agents and other worthless tertiary sector workers. There are some countries that have the crazy idea that things like production, education and growth matter. Fair enough, but I'm not sure how much the NHS contributes to economic growth beyond the 20% or so of its budget that goes on the real basics like infectious diseases, A&E, and maternity care. I don't have the exact figure to hand, but something like 2/3rds to 3/4s of all NHS spending goes on people over the age of 60. Old people are great and should be looked after, but medical care for old people is consumption, not production. Quote Link to comment Share on other sites More sharing options...
Cogs Posted May 24, 2010 Share Posted May 24, 2010 In which way are the cuts they are doing in Italy different than the ones the UK gov is planning? Both are emergency budgets. No, they aren't. Quote Link to comment Share on other sites More sharing options...
neil324 Posted May 24, 2010 Share Posted May 24, 2010 No meaningful cuts this year, interest rates to be kept low regardless of inflation taking hold, looks like stagnation in the housing market untill something changes then. Quote Link to comment Share on other sites More sharing options...
Guest absolutezero Posted May 24, 2010 Share Posted May 24, 2010 No meaningful cuts this year, interest rates to be kept low regardless of inflation taking hold, looks like stagnation in the housing market untill something changes then. As I've said before. They will chuck the kitchen sink at keeping IRs low. The fallout from higher borrowing rates are too awful for them to think about and certainly too awful to allow. They'll allow inflation to rise while keeping lending and savings rates low (yes they can - Governments can (and do_ manipulate "markets") and the massive debt gets a lot smaller. Quote Link to comment Share on other sites More sharing options...
Blod Posted May 24, 2010 Share Posted May 24, 2010 These cuts are just the trailer for the movie that is about to follow. The public sector has become horribly over administered. If it was politically acceptable every area would be boiled back so that the front line services survive and it’s the admin that gets cut. NuLabour’s way of having everything micro-managed by people who have no idea of what they are doing has to end. Let those who know and understand their jobs get on with it and stop all this over reporting. I’ve already heard someone from the education department state that they’ll not reduce their internal paperwork, but expect the cuts to impact evenly across the department. Or words to that effect. :angry: There has to be a public information campaign explaining what has happened and why we’ve got to get on with this. And after that’s done all state sponsored PR would be cut. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted May 24, 2010 Author Share Posted May 24, 2010 (edited) As I've said before. They will chuck the kitchen sink at keeping IRs low. The fallout from higher borrowing rates are too awful for them to think about and certainly too awful to allow. They'll allow inflation to rise while keeping lending and savings rates low (yes they can - Governments can (and do_ manipulate "markets") and the massive debt gets a lot smaller. They have to chuck the kitchen sink at the problem and keep interest rates low, if they don't the banks will be proved to be insolvent as well as the govts. Edited May 24, 2010 by interestrateripoff Quote Link to comment Share on other sites More sharing options...
Guest absolutezero Posted May 24, 2010 Share Posted May 24, 2010 They have to chuck the kitchen sink at the problem and keep interest rates low, if they don't the banks will be proved to be insolvent as well as the govts. Exactly. I'm half expecting all debts to be written off in "Co-ordinated World Government Action" (like when interest rates around the world were all cut massively simultaneously). Quote Link to comment Share on other sites More sharing options...
Cogs Posted May 24, 2010 Share Posted May 24, 2010 (edited) No meaningful cuts this year, interest rates to be kept low regardless of inflation taking hold, looks like stagnation in the housing market untill something changes then. No, we're getting 20% cuts in everything by the autumn. Whether its announced next month or they wait a bit and call it the Comprehensive Spending Review is just a question of timing (same difference), the same consultancy firms were offering the same advice and planning for all three main political parties before the election. Given this is what Labour were going to do so I can't see Coalition doing anything different, just moreso perhaps. Edited May 24, 2010 by Cogs Quote Link to comment Share on other sites More sharing options...
getknk Posted May 24, 2010 Share Posted May 24, 2010 I would say £6 Billion is a drop in ocean. They need to identify the biggest issues and go in a long term.. i feel the benefits should be slowly reduced for people below 65 years so that they would be working. deduct the money from their pension Quote Link to comment Share on other sites More sharing options...
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