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The Masked Tulip

The Big "ifs" Of The Emergency Budget

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http://www.bbc.co.uk/blogs/newsnight/paulmason/2010/06/the_big_ifs_of_the_emergency_b.html#comments

If the economic risk is of a double dip recession, further undermining sterling and the FTSE without any real uptick in export performance - the political risk is also obvious.

The crunch day will be 22 October, when Departments finally find out how much they are to lose. At this point the Liberal Democrats will have to face down councillors and party activists. The current shape of the trade-off has been that the Libdems abandon key principles expressed before the election (2.5:1 ratio of cuts to tax, opposition to VAT etc) in return for serious constitutional reform and the Great Repeal Bill. Once schools, universities, libraries, day centres and the like start closing, and tens of thousands of public servants get their P45s - that deal will be weighed in the balance again.

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Something very suspect about that comments section. Comment number 2 was associated with another blog last week (I think Stephanie Flanders). Either someone is cutting and pasting their comments in to multiple blogs or else the beeb is regurgitating them.

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When VAT is increased to 20% next January what will the 99p and 1 pound shops do?

Suffer the increased VAT themselves or rename themselves the 101p shops. :unsure:

given that most of the shit they sell for £1 costs them 10p i don't think they'll be losing much sleep

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This Libcon coalition is doomed.

The pair of Toffs(Clegg and Camermoron) telling us how the nasty medecine is good for us will quickly run out of goodwill.

A democratic Government cannot hurt the public sector and the benefit dependent without ensuring a resurgent private sector have nowhere to go.

Doomed.

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This Libcon coalition is doomed.

The pair of Toffs(Clegg and Camermoron) telling us how the nasty medecine is good for us will quickly run out of goodwill.

A democratic Government cannot hurt the public sector and the benefit dependent without ensuring a resurgent private sector have nowhere to go.

Doomed.

Tories can never do wrong with the media when taking over a mess left by a previous Government as we saw with Thatcher in her early days, but the Lib/Dems will sink into obscurity as they sold out their principles to gain a seat of power. Have you noticed how Vince Cable looks very uncomfortable on the Government front bench especially when that nasty women Harriet Harman said he had gone from being the Nation`s treasure to a Treasury poodle. I predict he will be the first Minister to resign in this coalition if Ossies budget causes severe problems. ;)

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  • 261 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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