We Need Economic Growth And More People In Work To Really Get Deficits Down.

[interestrateripoff]

http://www.labour.org.uk/imf-forecasts-deeply-concerning,2011-09-20

20 September 2011

“These are deeply concerning forecasts for both the UK and world economy. Our Chancellor and political leaders in Europe need to wake up to the scale of the problem and finally realise that we need economic growth and more people in work to really get deficits down.

“As the Standard and Poor’s statement makes clear, Italy’s credit rating has been downgraded because of weakening growth, with austerity measures being one of the reasons they say is behind this, and a lack of political agreement in parliament.

“The IMF is right to warn that we need credible medium-term plans to get deficits down, but that doing it too quickly puts jobs and economic recovery at risk. That’s exactly what we have seen here in Britain where spending cuts and tax rises that go too far and too fast have crushed confidence, pushed up unemployment and choked off the recovery last autumn. Far from being a safe haven, as George Osborne complacently claims, only Japan in the G7 has grown more slowly than the UK in the last 12 months.

“The IMF is saying very clearly that if slow growth continues in the UK the Government should change course and adopt steadier deficit plans. But since this is now the third time this year the IMF has downgraded its forecasts we can’t afford to just sit back and wait for things to get worse.

“Families and businesses want to see action now, to get the economy growing and get people back to work, not politicians sitting on their hands. That’s why we need a real plan for jobs and growth, here in Britain and around the world, and we need it quickly.”

We need a plan..... And Ed fails to provide one. Politicians have helped to create this mess and somehow they still think they have the ability to fix the 5h1t they've helped to create interfering and fixing the economy in the past.

[LJAR]

Planning doesn't work for the economy.

If you want more people in work do the following:

Abolish national insurance altogether.

Cut capital taxes and corporate taxes to zero.

Raise the personal allowance to £15k

raise the rates of income tax and vat to cover the loss.

Cut benefits to a maximum of the poverty line for any family.

Scrap the minimum wage.

Abolish all reliefs and exemptions from the tax code (ie make VAT cover all items regardless).

Wait.

[slurms mackenzie]

The government are looking at a 5bn stimulus now, surely housing would tackle so many problems, including youth unemployment and young people not being able to afford homes, makes far more sense to me than borrowing money to give people discounts on cars made abroad.

http://www.bbc.co.uk/news/uk-14985709

[winkie]

Planning doesn't work for the economy.

If you want more people in work do the following:

Abolish national insurance altogether.

Cut capital taxes and corporate taxes to zero.

Raise the personal allowance to £15k

raise the rates of income tax and vat to cover the loss.

Cut benefits to a maximum of the poverty line for any family.

Scrap the minimum wage.

Abolish all reliefs and exemptions from the tax code (ie make VAT cover all items regardless).

Wait.

Don't agree with the VAT on all items......it will only encourage bad behaviour, there will always be a large proportion of the population who don't work....they still need to eat, not all of them have the energy, or land to grow their own.

[LJAR]

Don't agree with the VAT on all items......it will only encourage bad behaviour, there will always be a large proportion of the population who don't work....they still need to eat, not all of them have the energy, or land to grow their own.

I would support a citizens income that would cover the VAT on all basics like food, shelter, clothing and energy.

But beyond that....we all have relatives, neighbors and friends, it is their responsibility to look after us and each other.

[Bloo Loo]

no benefits...at all.

That would get people working.

[Self Employed Youth]

http://www.bbc.co.uk/news/uk-14985709

£5 billion infrastructure investment...

[Dorkins]

no benefits...at all.

That would get people working starving.

We have unemployment because the extremely high rent and tax burden placed on ordinary working people has made it uneconomic to employ British people for many jobs.

An analogy: imagine a farmer can grow three tonnes of wheat an acre on his land, but his landlord and the government each demand tribute of one tonne. If he sells the remaining tonne at market prices, he won't have enough to pay his equipment costs and support his family. So he stops farming and moves to the poorhouse, and then the government and landlord have the temerity to call him a parasite.

[zebbedee]

We need a plan..... And Ed fails to provide one. Politicians have helped to create this mess and somehow they still think they have the ability to fix the 5h1t they've helped to create interfering and fixing the economy in the past.

They just don't understand "don't just do something, sit there"

Edited September 20, 2011 by zebbedee

[zebbedee]

no benefits...at all.

That would get people working starving not farting out sproggs to claim more.

We have unemployment because the extremely high rent and tax burden placed on ordinary working people has made it uneconomic to employ British people for many jobs.

An analogy: imagine a farmer can grow three tonnes of wheat an acre on his land, but his landlord and the government each demand tribute of one tonne. If he sells the remaining tonne at market prices, he won't have enough to pay his equipment costs and support his family. So he stops farming and moves to the poorhouse, and then the government and landlord have the temerity to call him a parasite.

Edited September 20, 2011 by zebbedee

[matroskin]

http://www.bbc.co.uk/news/uk-14985709

£5 billion infrastructure investment...

EUR17Bn investment announced in 2010 did not do any good for Spain, why £5Bn will do any good for the UK?

And that was back in 2010, when oil price was 40% lower.

Fast forward to 2011 - Spain is closing airports, reduces high-speed train schedules left, right and center because there is no traffic.

[interestrateripoff]

EUR17Bn investment announced in 2010 did not do any good for Spain, why £5Bn will do any good for the UK?

And that was back in 2010, when oil price was 40% lower.

Fast forward to 2011 - Spain is closing airports, reduces high-speed train schedules left, right and center because there is no traffic.

It won't but it will make it appear they are doing something.

[right_freds_dead]

until people accept that their imaginary house prices are in reality at least HALF of what they think, NOTHING will change. they can lie, scam and attempt to print as much as they want. inflate what they want but in the end the cause has to end before any cure can be sought.

and from the look of a speech i heard today they included 'house prices' as part of an 'economy'

it isnt. and thats the problem.

[right_freds_dead]

Exactly, flat in London to rent, plus council tax and utilities, no change from £1,000 to £1,200 per month, so before tax need to earn £20,000 to £25,000 and then you need to eat, spend money on cloths, travel etc so £30,000 to exist not live - better off on benefits with a bit of cash in hand or ebay trading.

all the while 'dreamers' are not 'giving their homes away'...

its like living in some kind of mutualistic nightmare.

[bmf]

Exactly, flat in London to rent, plus council tax and utilities, no change from £1,000 to £1,200 per month, so before tax need to earn £20,000 to £25,000 and then you need to eat, spend money on cloths, travel etc so £30,000 to exist not live - better off on benefits with a bit of cash in hand or ebay trading.

Totally agree. We need less people working and lower living costs. If only one person in a household needed to work to get by then there would be enough jobs for people who wanted to work. However we have forced everyone into work to pay people who control but do not produce.

[piece of paper]

I would support a citizens income that would cover the VAT on all basics like food, shelter, clothing and energy.

But beyond that....we all have relatives, neighbors and friends, it is their responsibility to look after us and each other.

They would seem to have emigrated.

p-o-p

[miko]

no benefits...at all.

That would get people working.

Oh thats a good one

How about going one step further and tax them for being unemployed , make up a figure and tax it 30% the first year and 40% if they have not found a job in a year , going up to super tax rate of 90% if five years without working.

[Bloo Loo]

Oh thats a good one

How about going one step further and tax them for being unemployed , make up a figure and tax it 30% the first year and 40% if they have not found a job in a year , going up to super tax rate of 90% if five years without working.

the example is extreme.

But the economy is simply human activity creating products in demand...by giving others part of your product clearly impoverishes you somewhat...of course a rational society would encourage this, but at the same time, encourage those that can, to work and produce.

There in reality is no other way...real things that we need to survive are not made up from stats and figures in a bankers or governments mind.

[miko]

the example is extreme.

But the economy is simply human activity creating products in demand...by giving others part of your product clearly impoverishes you somewhat...of course a rational society would encourage this, but at the same time, encourage those that can, to work and produce.

There in reality is no other way...real things that we need to survive are not made up from stats and figures in a bankers or governments mind.

Yes but it has been quoted and proved by people on here on more than one occasion x amount of unemployment is structured and not the fault of many that it has affected.

[trekking]

We have unemployment because the extremely high rent and tax burden placed on ordinary working people has made it uneconomic to employ British people for many jobs.

An analogy: imagine a farmer can grow three tonnes of wheat an acre on his land, but his landlord and the government each demand tribute of one tonne. If he sells the remaining tonne at market prices, he won't have enough to pay his equipment costs and support his family. So he stops farming and moves to the poorhouse, and then the government and landlord have the temerity to call him a parasite.

Well said.

[billybong]

Far from being a safe haven, as George Osborne complacently claims, only Japan in the G7 has grown more slowly than the UK in the last 12 months.

and perhaps to counter that statement it was reported on the radio today that apparently Vincey claimed the UK is the fastest growing country (albeit growing rather slowly)

[leicestersq]

We have unemployment because the extremely high rent and tax burden placed on ordinary working people has made it uneconomic to employ British people for many jobs.

An analogy: imagine a farmer can grow three tonnes of wheat an acre on his land, but his landlord and the government each demand tribute of one tonne. If he sells the remaining tonne at market prices, he won't have enough to pay his equipment costs and support his family. So he stops farming and moves to the poorhouse, and then the government and landlord have the temerity to call him a parasite.

Do you take into account that without benefits, the amount you would have to tax that farmer would be massively reduced? Both the cost of the benefit, and the massive admin cost of running it, could be returned to the farmer as grain not taken.

As you correctly point out, too much benefits and other state expenditures, cause a necessary rate of tax that collapses output entirely.

[leicestersq]

Oh thats a good one

How about going one step further and tax them for being unemployed , make up a figure and tax it 30% the first year and 40% if they have not found a job in a year , going up to super tax rate of 90% if five years without working.

If you tax an unemployed person a percent of what they produce, the total bill is always zero.

What are you suggesting here?

[Riedquat]

So £5bn towards infrastructure is actually going to help, how? Sure, it's not exactly the greatest in the world but is it the millstone around the neck of the country? I doubt it very much, but I suppose it's far better to blow a bit more money we've not got to be seen to be doing something. Everything became "Made in China" because of that country's great infrastructure, did it?7

[aa3]

With excessive regulation in 99% of economic life, and credentialization rampant in 99% of life. The chances of new jobs being created are slim to none. And Slim left for a job on an oil rig in Angola.

To give an analogy.. hell a comparision, it is just like the East European countries in the 1980's trying to create good jobs.