Jump to content
House Price Crash Forum
Sign in to follow this  
interestrateripoff

Labour Vows Iron Discipline On Budget, Spells Out Some Cuts

Recommended Posts

http://uk.reuters.com/article/2013/06/03/uk-britain-politics-labour-budget-idUKLNE95200820130603

The Labour party sought to convince voters on Monday that it is fit to run the economy by promising "iron discipline" on spending and pledging some cuts to welfare benefits if it wins the 2015 election.

Would-be chancellor Ed Balls said winter fuel subsidies will be scrapped for the richest pensioners if Labour wins power, a small saving but a signal that the party is determined to show it can cut social spending.

The leadership of the party that ran Britain for 13 years until 2010 has come under pressure from internal critics, including former Prime Minister Tony Blair, who say it is short on specific policy ideas.

Labour has a 10-point lead over the Conservatives in opinion polls. But it lags on the question of who is best to run the economy with memories still fresh in voters' minds of how it managed Britain in the run-up to the financial crisis.

Following on from the Iron Chancellor who had many rules which didn't get broken because we had "off balance sheet"....

Ed Balls the face you can trust....

Share this post


Link to post
Share on other sites

http://uk.reuters.com/article/2013/06/03/uk-britain-politics-labour-budget-idUKLNE95200820130603

Following on from the Iron Chancellor who had many rules which didn't get broken because we had "off balance sheet"....

Ed Balls the face you can trust....

Truly tragic stuff from all concerned. More means testing means more paper being shuffled over a couple of hundred million quid while no-one talks seriously about closing the £120Bn receipts/spending gap. When will Parliamentarians grow up and start dealing with this increasingly dire situation?

Share this post


Link to post
Share on other sites

When looking at the UK since the 1980s through to today it is better to see Labour, the Conservatices and the Lib Dems as one big party. They do not represent you. They do not care about you. Their only aim is to maintain the status quo. All this talk of cutting a little here and a bit of austerity there is simply a smoke screen.

As long as the financial services industry, specifically the banking establishment, is protected, nothing else really matters. We will see no improvement in the West until the monster that is the banking system is slayed.

Share this post


Link to post
Share on other sites

Truly tragic stuff from all concerned. More means testing means more paper being shuffled over a couple of hundred million quid while no-one talks seriously about closing the £120Bn receipts/spending gap. When will Parliamentarians grow up and start dealing with this increasingly dire situation?

My sentiments exactly. They have singled out pensioners for goodness sake! How much will be left after they introduce more civil servants and IT etc, to implement a wholesale means testing of that stratum.

The other big idea is to build more houses to stimulate the economy! A temporary fix while they get snuggled down in that trough. They are all singing from the same economic hymn sheet. It seems that stimulus to research, manufacturing and subsequently exports no longer figure.

They haven't a clue! "When the blind leadeth the blind, they both (all) falleth into a pit"

Share this post


Link to post
Share on other sites

The Labour party sought to convince voters on Monday that it is fit to run the economy by promising "iron discipline" on spending and pledging some cuts to welfare benefits if it wins the 2015 election

Thank goodness it's an iron discipline promise and not a cast iron promise.

It doesn't matter as it's a promise from the LibLabCon party - so it's worthless.

Edited by billybong

Share this post


Link to post
Share on other sites

It's a bit like an office manager demonstrating their control on spending by putting a lock on the stationary cupboard, thus making sure that it takes £2 of employee time to obtain a 5p pen..

Share this post


Link to post
Share on other sites

My sentiments exactly. They have singled out pensioners for goodness sake! How much will be left after they introduce more civil servants and IT etc, to implement a wholesale means testing of that stratum.

The other big idea is to build more houses to stimulate the economy! A temporary fix while they get snuggled down in that trough. They are all singing from the same economic hymn sheet. It seems that stimulus to research, manufacturing and subsequently exports no longer figure.

They haven't a clue! "When the blind leadeth the blind, they both (all) falleth into a pit"

Nothing wrong with building houses - might even bring the price down..

Unless, of course, they do it by 'incentivising' the private sector to build houses that they would have built anyway..

Share this post


Link to post
Share on other sites

What happened to Darling's "Cut deeper than Thatcher."

Actually Thatcher didn't cut that much. Just closed down bankrupt state businesses.

Share this post


Link to post
Share on other sites

article-2334751-1A0BDE35000005DC-314_634x393.jpg

If it means hanging around with people like this...keep it.

Jesus, the symbolism in that picture! 'I present to all you poor people my huge golden ****. So huge that it takes two of my equally oligarchical friends to help me lift it.'

Share this post


Link to post
Share on other sites

'Would-be chancellor Ed Balls said winter fuel subsidies will be scrapped for the richest pensioners if Labour wins power, a small saving but a signal that the party is determined to show it can cut social spending.'

is this the best they can come up with to signify 'iron discipline'. :o

the winter fuel allowance is £200 (PER HOUSEHOLD) not per pensioner

it amounts to £4 per week and is a bit of a godsend to those single pensioners who have a household income of around £12000 and theoretically live in fuel poverty.

Share this post


Link to post
Share on other sites

When looking at the UK since the 1980s through to today it is better to see Labour, the Conservatices and the Lib Dems as one big party. They do not represent you. They do not care about you. Their only aim is to maintain the status quo. All this talk of cutting a little here and a bit of austerity there is simply a smoke screen.

As long as the financial services industry, specifically the banking establishment, is protected, nothing else really matters. We will see no improvement in the West until the monster that is the banking system is slayed.

What a big gigantic balls up. ;)

Share this post


Link to post
Share on other sites

'Would-be chancellor Ed Balls said winter fuel subsidies will be scrapped for the richest pensioners if Labour wins power, a small saving but a signal that the party is determined to show it can cut social spending.'

is this the best they can come up with to signify 'iron discipline'. :o

the winter fuel allowance is £200 (PER HOUSEHOLD) not per pensioner

it amounts to £4 per week and is a bit of a godsend to those single pensioners who have a household income of around £12000 and theoretically live in fuel poverty.

Why are they huffing and puffing over minor silly things that mean very little to most people ~£100 million saving a year, peanuts in the scheme of things......instead of real workable polices that will tackle the BIG problems like our countries future economic prosperity, energy availability and the BIG growing problem of unemployment and the growing numbers of the elderly and how they will be supported when they can no longer work and will be requiring more medical and home care assistance.....get with the programme. ;)

Share this post


Link to post
Share on other sites

'Would-be chancellor Ed Balls said winter fuel subsidies will be scrapped for the richest pensioners if Labour wins power, a small saving but a signal that the party is determined to show it can cut social spending.'

is this the best they can come up with to signify 'iron discipline'. :o

the winter fuel allowance is £200 (PER HOUSEHOLD) not per pensioner

it amounts to £4 per week and is a bit of a godsend to those single pensioners who have a household income of around £12000 and theoretically live in fuel poverty.

Single pension £12k P/A ? thought it was more like £6-7 k

Share this post


Link to post
Share on other sites

Single pension £12k P/A ? thought it was more like £6-7 k

I suppose if you added housing benefit including council tax to the minimum income guarantee you would be up to 12k minimum for a single pensioner. For an owner occupier you would have to go down the road of an imputed rent. Guess they are really referring to all pensioners who are at the minimum income guarantee to about 5K over as in poverty.

Edited by crashmonitor

Share this post


Link to post
Share on other sites

My sentiments exactly. They have singled out pensioners for goodness sake! How much will be left after they introduce more civil servants and IT etc, to implement a wholesale means testing of that stratum.

The other big idea is to build more houses to stimulate the economy! A temporary fix while they get snuggled down in that trough. They are all singing from the same economic hymn sheet. It seems that stimulus to research, manufacturing and subsequently exports no longer figure.

They haven't a clue! "When the blind leadeth the blind, they both (all) falleth into a pit"

Problem is that this won't actually address the issue. Far greater cuts in pensioners benefits are necessary to redress the balance between old and young.

Share this post


Link to post
Share on other sites

Truly tragic stuff from all concerned. More means testing means more paper being shuffled over a couple of hundred million quid while no-one talks seriously about closing the £120Bn receipts/spending gap. When will Parliamentarians grow up and start dealing with this increasingly dire situation?

Promising to take a token amount of cash from a part of society who will likely not vote for you anyway is pretty easy. Proper iron discipline would require facing down the very people who think you promised them an easy ride. Not going to happen with Balls in charge.

Actually not likely to happen with any of them in charge...

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.