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Rachel Reeves

Glazier#1 said:
And, of course, if bankruptcy is the prognosis, it has nothing to do with 14 years of Tory mismanagement and everything to do with a government who inherited the sludge not even a year ago.

Yup. That must be true.
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I absolutely think the Tory Government emptied the coffers with Covid contracts. It was like writing blank cheques to your family and mates. That's why the Tories chose to not fight the last election. They knew what a crocking mess they'd left, and didn't want any part of sorting it out.. All the big orchestrators of the mess, promptly fled into retirement, leaving the current Tory party with an unblemished party.

However, a fairly massive point which was missed just prior to Covid, was that independent analysts were saying the UK economy was heading for a big(ish) crash. So Covid wasn't really responsible, it just accelerated the decline the Tory Government had initiated.
But I am only quoting others. Perhaps Neillo could enlighten
 
Glazier#1 said:
And, of course, if bankruptcy is the prognosis, it has nothing to do with 14 years of Tory mismanagement and everything to do with a government who inherited the sludge not even a year ago.

Yup. That must be true.
Click to expand...
Whilst that is true let us not forget that during COVID Labour demanded the government spend more money, more lock downs etc. In short they agreed with a lot of Tory policy except they wanted to go further.
 
Before Boris Johnson's 1 million a year of immigrants, the record stood at around half that if I remember correctly.

Britain never had a labour shortage, as the business lobby claimed.

What it had was a cheap labour shortage......So the business lobby and the left (which definitely included the Tories) worked hand in hand.....because the modern left are all about holding hands with the richest capitalists as they share the same goals.

The imports that this unholy alliance brought us was immigration from some of the poorest parts of the world.....exactly because they would work for the lowest wages and thus push down the wages of the home working classes.

You can't dislike these people enough.....the traitors, not the migrants.
 
Forest Hillbilly said:
I absolutely think the Tory Government emptied the coffers with Covid contracts. It was like writing blank cheques to your family and mates. That's why the Tories chose to not fight the last election. They knew what a crocking mess they'd left, and didn't want any part of sorting it out.. All the big orchestrators of the mess, promptly fled into retirement, leaving the current Tory party with an unblemished party.

However, a fairly massive point which was missed just prior to Covid, was that independent analysts were saying the UK economy was heading for a big(ish) crash. So Covid wasn't really responsible, it just accelerated the decline the Tory Government had initiated.
But I am only quoting others. Perhaps Neillo could enlighten
Click to expand...
I don't profess to know any more than the next man !

Just my opinion, but Covid and the Ukraine war have both had a negative financial impact on our lives.

I had some practical experience in my career about how my organisation would react to a pandemic - remember Bird Flu and SARS ? Without actual experience in managing under those circumstances we were floundering. The Tories at least had access to medical experts, but as we have seen, even they have been challenged retrospectively in terms of decisions made. Wise after the event but not so much during.

Some of those spurious Covid contract awards were corruption borne out of ignorance. But inexcusable whichever way you look at it. Then we come onto ' Eat Out To Help Out ' and the Furlough schemes. There was always going to be a bill that needed to be paid for those schemes - both of which, to my recollection, had the support of the then Opposition. I remember thinking then that the financial burden will be passed onto future generations.

Now, we have not - again to my recollection, had any consistent evidence that Starmer inherited that infamous £22m ' Black Hole '. He rarely manages a PMQT without referring to it nearly a year into his government. This is not a defence of disastrous Tory governments , but please - enough already. Shift the focus on how your government is going to address the issue and stop deflecting. And this is where I think it starts to go wrong.

This government had a massive mandate because the people wanted Change. Nearly a year later and I think the People are probably wondering what the hell they voted for. The Winter Fuel Allowance decision was political posturing by Starmer. '' Look at me, I can make the hard decisions ''. Having to make a U-Turn on that makes him look weak. Reeves's Fiscal Rules were pragmatic and prudent. But through her own actions, endorsed by Starmer, that looks like another U-Turn in the making.

Governments rarely do well in local elections, and this one really didn't. Reform are Labours most formidable opponent right now. As they are The Tories. I can't see Reform being elected, but then again I didn't think the country would vote for Brexit ( neither did David Cameron ! ). But a message has been sent out to Labour - this simply isn't good enough. And, as I said earlier in this thread, waiting in the wings is Angela Rayner. If she ousts Starmer as Labour Leader we may even get nostalgic about the good old days when he was PM.

Apologies for the length of this post.
 
Jacey said:
Interesting.

So Rachel's way to achieve the much needed growth is to close down successful businesses, or force many to work fewer hours.
Guess that is the Labour way of doing things!!
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Well it is the socialist way to stay in power. Reduced hours mean reduced wages means benefits needed means reliance on hmg means vote for my pocket and families’ survival. All going to plan I would have thought !!!
Think the dem states and shitehole cities.
 
Badger11 said:
Whilst that is true let us not forget that during COVID Labour demanded the government spend more money, more lock downs etc. In short they agreed with a lot of Tory policy except they wanted to go further.
Click to expand...
Spending in COVID was @ £5500 per person in UK, the vast majority was on furlow payments and support for businesses, the PPE spend which is always targetted as money for mates was a small part of that.

Labour choose to ignore that and almost pretend it was not the biggest ever impact on UK Govt spending aside from wars.

The handling of covid is another matter.
 
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HKOwen said:
Spending in COVID was @ £5500 per person in UK, the vast majority was on furlow payments and support for businesses, the PPE spend which is always targetted as money for mates was a small part of that.

Labour choose to ignore that and almost pretend it was not the biggest ever impact on UK Govt spending aside from wars.

The handling of covid is another matter.
Click to expand...
incidentally when £400bn was spent on covid this was paid for via debt/gilts. Sunak did not fix these gilts when rates were at rock bottom levels (less than 1%) so now gilts are c5% a year we are paying an extra £16bn a year every year to service this debt.
He rarely gets any criticism for this but clearly it was a massive error - the base rate was not going to go any lower so it wasn't a difficult decision to make
 
NEILLO said:
I don't profess to know any more than the next man !

Just my opinion, but Covid and the Ukraine war have both had a negative financial impact on our lives.

I had some practical experience in my career about how my organisation would react to a pandemic - remember Bird Flu and SARS ? Without actual experience in managing under those circumstances we were floundering. The Tories at least had access to medical experts, but as we have seen, even they have been challenged retrospectively in terms of decisions made. Wise after the event but not so much during.

Some of those spurious Covid contract awards were corruption borne out of ignorance. But inexcusable whichever way you look at it. Then we come onto ' Eat Out To Help Out ' and the Furlough schemes. There was always going to be a bill that needed to be paid for those schemes - both of which, to my recollection, had the support of the then Opposition. I remember thinking then that the financial burden will be passed onto future generations.

Now, we have not - again to my recollection, had any consistent evidence that Starmer inherited that infamous £22m ' Black Hole '. He rarely manages a PMQT without referring to it nearly a year into his government. This is not a defence of disastrous Tory governments , but please - enough already. Shift the focus on how your government is going to address the issue and stop deflecting. And this is where I think it starts to go wrong.

This government had a massive mandate because the people wanted Change. Nearly a year later and I think the People are probably wondering what the hell they voted for. The Winter Fuel Allowance decision was political posturing by Starmer. '' Look at me, I can make the hard decisions ''. Having to make a U-Turn on that makes him look weak. Reeves's Fiscal Rules were pragmatic and prudent. But through her own actions, endorsed by Starmer, that looks like another U-Turn in the making.

Governments rarely do well in local elections, and this one really didn't. Reform are Labours most formidable opponent right now. As they are The Tories. I can't see Reform being elected, but then again I didn't think the country would vote for Brexit ( neither did David Cameron ! ). But a message has been sent out to Labour - this simply isn't good enough. And, as I said earlier in this thread, waiting in the wings is Angela Rayner. If she ousts Starmer as Labour Leader we may even get nostalgic about the good old days when he was PM.

Apologies for the length of this post.
Click to expand...

Yes there is - maybe you just haven't looked or have only listened to GB News.

www.bbc.co.uk

Is there a £22bn ‘black hole’ in the UK’s public finances?

Economists say the state of public finances should not have come as a complete surprise to the new government.
www.bbc.co.uk www.bbc.co.uk

The only debate is whether you can include the extra money for sorting some of the strikes, such as the junior doctors, which let's face it were deliberately NOT resolved before the election so Labour would have to sort it and pay for it.

Incidentally the last 2p cut in NI (from 10p to 8p) was unfunded so essentially was a deliberate tactic to ensure any surplus was spent before the last election.

Re winter fuel - agree it was a stupid decision that didn't actually save a massive amount, however, i do resent that very wealthy UK pensioners and those living aboard also get it, hence the logic.
However, changing it is surely a positive and should be commended rather than the press always looking for a negative and calling him weak. Who cares as long as we get there in the end.
 
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