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Darling Set To Cut Growth And Raise Borrowing

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Guest tenant super
revision 1

:lol:

I've a picture of a very tired white haired Scotsman with inky fingers and a growing hillock of screwed up a4 sheets behind him.

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Oh dear. Vince Cable has just shot himself to pieces by saying that this is the wrong move. Yes Vince, despite the cost of fuel leaping and the government raking in billions extra in VAT. Tit.

But this rubbish way of doing the budget by bringing in things in advance and then changing your mind is wrong.

They should stick with what the decided before because it was a necesary financial decision back then - things aint got any better.

When does the 10% tax rate disappear? Is that in time for Darling to get the blame?

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The government is also considering using powers to bring down electricity and gas prices for poorer households with pre-paid meters, according to a government source.

WTF should I pay for other people's gas bills?!

If it is costing you too much try using less - or get a fvck1ng job like everyone else!

GRRRRRR!!!!!!!!!!!!!!!!!!! :angry: :angry: :angry:

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WTF should I pay for other people's gas bills?!

If it is costing you too much try using less - or get a fvck1ng job like everyone else!

GRRRRRR!!!!!!!!!!!!!!!!!!! :angry: :angry: :angry:

You shouldn't. The whole point is that THEY ARE PAYING YOUR GAS BILLS and they are the poorest.

Geez...

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http://www.bloomberg.com/apps/news?pid=206...mp;refer=europe

Some interesting comments

"Roger Bootle, chief economic adviser to Deloitte & Touche LLP in London, estimates that Darling would have to cut taxes by about 15 billion pounds a year to match the impact of President George W. Bush's $168 billion package of tax rebates and incentives.

The U.K. has moved more slowly than other European countries to curb its budget deficit. The shortfall has breached the European Union limit of 3 percent of GDP in three of the past five years, and will reach the threshold again this year, the European Commission said in November. That compares with deficits of 2.6 percent in France and 0.1 percent in Germany.

``Heading into an economic slowdown or worse with a structural budget deficit approaching 3 percent of GDP is not where you want to be,'' said Geoffrey Dicks, chief U.K. economist at Royal Bank of Scotland Plc."

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http://www.bloomberg.com/apps/news?pid=206...mp;refer=europe

Some interesting comments

"Roger Bootle, chief economic adviser to Deloitte & Touche LLP in London, estimates that Darling would have to cut taxes by about 15 billion pounds a year to match the impact of President George W. Bush's $168 billion package of tax rebates and incentives.

The U.K. has moved more slowly than other European countries to curb its budget deficit. The shortfall has breached the European Union limit of 3 percent of GDP in three of the past five years, and will reach the threshold again this year, the European Commission said in November. That compares with deficits of 2.6 percent in France and 0.1 percent in Germany.

``Heading into an economic slowdown or worse with a structural budget deficit approaching 3 percent of GDP is not where you want to be,'' said Geoffrey Dicks, chief U.K. economist at Royal Bank of Scotland Plc."

Or to summarise 'Britain is fcuked'

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  • 293 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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