Labour's leaked manifesto

[LovelyBath77]

actually looks pretty good?

www.bbc.co.uk/news/uk-politics-39877439

if you read the IFS's view on corporation tax, the biggest risk is that firms cut back on workers, either number of them or their hours. The same with the min wage hike - both policies could lead to unemployment increases. You're cutting firms' profits, and increasing their costs at the same time.

These are great policies, I cannot understand why most people don't seem to understand that our NHS is being sold off, we are heading the same way as America...I'm scared to death for my children tbh. My son has already stopped going to the dentist as he can't afford it. The renationalised rail company that was recently sold off again was more successful than any of the privatised companies, it's madness to sell off all the state assets, and I did blame New Labour for being Tory-lite when they continued PPI). I don't like Corbyn as leader but he has some excellent people round him and who do you think, really will get a better deal with the EU it's no-good going in waving your flag and your chin stuck out. But Brexiteers won't listen, it's Leave at any cost...people seriously think they are going to get better value for money by paying as they go for services, competition and all that when all the evidence shows scams and secret deals make sure this never happens, look at the energy companies...all we can do is vote tactically and get the Tories out, if at all possible...hmmmm seems I feel quite strongly about this ...

Awesome? Much of it is like turning the clock back to the 1970s. And we know what a great decade that was.

Ah yes Pebble....me me me. That's it in a nutshell I guess

increases in unemployment are a good non-selfish reason for not voting labour. Risk of an IMF bailout and austerity max - also a good non selfish reason for not voting labour.

Once CT is raised we will STILL have lower CT than most other G8 countries so not sure multinationals will be buggering off soon

As I understand it austerity isn't a great economic policy.

www.cityam.com/222913/ex-mpc-member-danny-david-blanchflower-while-i-don-t-support-corbyn-anti-austerity-mainstream

www.newstatesman.com/politics/2015/04/george-osborne-s-cunning-plan-how-chancellors-austerity-narrative-has-harmed

Shall we have a sweepstake on just how many AIBU threads there will be on this exact theme?

Because I have a feeling that they'll continue to be started at two hour intervals. Possibly in the hope that one of them will attract some people who are positive about it.

please have a look at what the IFS thinks about these policies - again, unemployment is a big risk of corporation tax increases (and the minimum wage policy). These policies increase tax and increase workforce costs for firms at the same time.

www.theguardian.com/business/2017/may/10/labour-corporation-tax-schools-economy-ifs-jeremy-corbyn

The IFS said there was a very high degree of uncertainty about the impact of higher corporation tax on growth, jobs and wages but said it could be “substantial”.

It's like a little kid playing at being PM. What a load of rubbish - I laughed and laughed but then thought gosh what if someone actually votes for him/them and got scared.

Nolottery that's exactly the report I was referring to in my post. It's not just on MN but there's quite a lot of economic illiteracy around.

But nolottery - we have massive underemployment now. Corporations are making huge profits and not paying enough for people to live. Is that better? And borrowing to invest is basic Keynesian economics isn't it? I don't see that this would result in a bail out. The fundamentals of our economy are different from other countries and the 1970s. What people don't seem to realise is that we are sitting on a ticking time bomb of personal debt right now. Far more worrying than national debt. And of course corporations will resist corporation tax. Doesn't mean we shouldn't resist that. I speak as someone who could get hit quite hard by higher income taxes.

Properjob of course. Who in their right mind votes for something that will make them destitute and make their children homeless?

Pebble genuinely interested. Why would these policies do that to you? I'd really like to understand.

so it's fine to vote for a party that makes others destitute and other's children's homeless?

Pebble but you're happy to vote for something that is already making thousands of families destitute and homeless?

X post deeedee!

i agree code. All i can say is that if it doesn't bother you that an independent group of fiscal economists are worried that the corporation tax hike and minimum wage hike will cause an increase in unemployment, then there isn't a lot we can debate. They're experts, I trust them and frankly, I'm really hoping Corbyn doesn't get in.

Why would we think a state national investment bank could work? It's borrowing on a massive scale - how much of that is going to be well spent in these back of a cigarette packet policies?

I don't especially mind the income tax rises for ourselves [although I would push for my DH to go part-time if he's losing it all in tax anyway and try and maximize my earnings though!], to fund increases in primary/secondary education etc.

I'm so pleased by this. I'm what I think is termed a swing voter, and had recently decided I would probably vote Green as I didn't think Corbyn was up to it. Plus his anti-semitism had soured my view of him.

Seeing these policies has changed my mind and I'm going for it with Labour now. All exactly the kind of things we want to see and I don't think it matters if Corbyn is leader, if the policies are there then what does it matter that he is the figure head.

HappenedAgain2017

Massive Unemployment? Really?

I can't believe that somebody would want me to vote for someone who thinks that putting out the rubbish is a man's job. No men here to put the rubbish out, should I wait and nab a passer by?

NoLottery
Who are these fiscal experts, because the one or two I know feel that that isn't the case. They run pretty damned big firms, too.

I said under-employment. Not unemployment. Govt has been subsidising industry via tax credits for ages. So our taxes are helping to maximise shareholder returns for big business. I'm not ok with that.

And although the IFS is a highly respected organisation and I do trust experts, I also think that experts sometimes disagree.

people that run firms aren't economists dawn. All they can really say is that they think their firms can bear the cost increases and profit cuts.

www.ifs.org.uk/about/
Today, IFS is Britain’s leading independent microeconomic research institute

These economists are very well respected by the academic economist population.