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Ed Balls Big Plan To Balance The Economy Cap Child Benefit...

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http://www.bbc.co.uk/news/uk-politics-29301289

Families receiving child benefit would continue to see the value of their payments fall in real terms for the first two years of a Labour government.

Ed Balls would extend the coalition's cap on increases in the benefit - due to expire in 2016 - for a further year.

The shadow chancellor will announce the policy in a speech to Labour's annual conference in Manchester.

The move is part of a package of measures aimed at proving Labour is serious about "balancing the books".

Under Mr Balls' plans, child benefit payments would not rise in line with inflation but by a fixed rate of 1% per year until 2017. The policy is already in place until 2016, having been announced by the coalition, but Labour's move would see it continue for another year.

Mr Balls will also announce plans for a 5% pay cut for government ministers with their pay to be frozen until the deficit has been cleared.

Labour making the big decisions. Capping child benefit will clearly balance the books along with cutting Ministers pay.

What a fecking joke.

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I dont think the goverment will have much choice soon. there will be cuts to amount and number of children you can receive it for. I just think uk as run up to much debt and markets will turn and it will have to change,

As for ed balls being a chancellor i dont think i can trust him to count to five on his fingers. He is just so slimey .

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Trying to out-tory the tories once again. Good to see Labour have moved on from New Labour and re-setablished their socialist credentials

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Just seen him on Sky news.

Can you give us a ball park figure of your cuts to reduce the £75bn deficit?

He gets to £500m which he says families will agree is a lot of money....

Ha....that is funny.

Who needs educating?....you begin to wonder who it is that has the brains?.....what are they doing, trying hard to talk in a language they think we understand....it gets worse.

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Child benefit, minister's pay and rich pensioners' heating allowance - stuff like that Tinkering while the UK goes to blazes.

What about the rest, what else. It's a fair bet that at the very least the minister's pay proposal will be reneged on.

Nero politics.

Edited by billybong

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Cut money to generation x and y families to fund boomer promises.......seems fair. :blink:

Looks like that triple lock is sacrosanct.

Edited by crashmonitor

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http://www.bbc.co.uk/news/uk-politics-29301289

Labour making the big decisions. Capping child benefit will clearly balance the books along with cutting Ministers pay.

What a fecking joke.

Hang on, on one hand, austeriteeee is choking the economy, and on the other, austeriteeee is good for the economy.

Which is it?...Balls?

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http://www.bbc.co.uk/news/uk-politics-29301289

Labour making the big decisions. Capping child benefit will clearly balance the books along with cutting Ministers pay.

What a fecking joke.

Hang on, on one hand, austeriteeee is choking the economy, and on the other, austeriteeee is good for the economy.

Which is it?...Balls?

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Scap tax credits.

Increase Minimium wage to £10 per hour.

Sorted.

If they make work pay, more people would try it.

I do agree with scrap tax credits as it to complictaed and encourage people to work to a limit and not progress

The problem with increasing the minimum wage is that it will just increase the prices inline with the increase.

I just think we are going to have to do with out stuff 'including me' and get use to it and get over it

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blah blah blah hardworking families blah blah blah some phrase they hope makes a headline blah blah blah right thing to do blah blah blah families blah blah vote for me blah

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http://

www.telegraph.co.uk/news/politics/labour/10325125/Watch-live-Labour-Party-Conference-2014.html

Mr Balls has sought to rebuild Labour's reputation for managing the public finances with a binding commitment to run a surplus on the current budget and get national debt back on a downward path by 2020 at the latest.

How likely is that - and just in time for the 2020 general election.

On the live video at the conference they're currently solving the problems of the rest of the world.

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None of them are going to mention the massive tax rises that are coming after the election.

Taxy taxy is the story of the next parliament whoever wins.

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It'll be interesting to hear if they announce where and when they're going to start building the 40 or so new Garden Cities needed to help the *house price and housing problem.

(* accepted that the house price problem is mainly a credit driven problem)

Edited by billybong

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Strange.

We have just narrowly avoided a break up of the UK.

They were promising huge devolution to Scotland, probably didn't think of Wales and Northern Ireland. Horrified to find that English regions want some of the same.

But,

Balls is proposing National solutions just when he should acknowledge that much of this will be devolved,

or will it??

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They want to cap child benefit at the same time as doing away with the overall benefit cap in London so those families with loads of kids on benefits will still be able to live the life of riley in London thanks to all the satellite benefits, yet working families will be forced out since they can't compete with the ever rising benefits that the benefits class get under Labour/Lib Dems.

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Balls is speaking now and making the usual grandiose claims and irrelevant/grandiose promises.

Not that the Conservatives will be any different to that.

Edited by billybong

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None of them are going to mention the massive tax rises that are coming after the election.

Taxy taxy is the story of the next parliament whoever wins.

Tax increases for the poor will come, when is an interesting question it will be delayed as long as possible. No one will want to be the nasty taxy taxy party. Ultimately the Tories will try an ensure Labour get the blame for it.

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i wonder if labour had one of thouse internal polls to find out why people wont vote labour. edd ballsup as to be near the number one reason.

The great thing is pollsters like Deborah Mattinson know that their leader and the shadow chancellor are the problem are having to sit on their hands. It must be quite weird in some of the focus group meetings as they struggle to avoid letting the surface.

Hope liebor get in, love to see these two muppets dealing with the cuts that have yet to go through along with HPC.

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