Meet the Other Phone. Protection built in.

Meet the Other Phone.
Protection built in.

Buy now

Please or to access all these features

AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

To think there is no more money?

443 replies

Rainbowsponge · 24/07/2024 20:17

And Labour have admitted this.

So many threads saying X or Y needs to be ‘properly funded’ (even though most of the time our spending is actually in line with comparable countries), but no acknowledgment of the fact there’s no money to spend.

And when you bring it up, posters completely ignore you or accuse you of being Jacob Rees Mogg Hmm

Wouldn’t the quality of debate be improved if we stopped burying our heads in the sand?

OP posts:
Thread gallery
7
EasternStandard · 29/07/2024 18:29

ll09sm · 29/07/2024 18:12

The new chancellor just told us that tax rises are coming because Labour have decided to award billions to their paymasters in the unions by giving mammoth public sector pay rises. Labour lied and took the public for fools. And didn’t even take more than a few weeks to put themselves

It was pretty obvious at the time but still.. they lied

Shakeoffyourchains · 29/07/2024 18:53

1dayatatime · 26/07/2024 12:16

@SundayBloodySunday

"Productivity does need to increase but that will come through investment in infrastructure, house building etc. Good economics , not this failed idea of trickle down.

There seems to be a bizarre concept of the lazy workers not working hard enough and therefore need to be punished into working harder."

Whilst you are right that comparatively low investment levels in the UK compared to say France or Germany has a major impact on UK productivity the low productivity story is much wider than this.

Increasing investment levels needs to come from the private sector as well and not just the state. Tax breaks to encourage companies to invest would help on this.

However even accounting for low investment levels the US is still some 20% more productive than the UK.

De regulation in the early 80s and reduction of union power significantly improved UK productivity at the time. But this was unpopular with workers at the time.

Similarly other countries especially the US operate in a far more competitive corporate environment than the UK which again raises productivity but makes for less job security which again would be unpopular with voters.

Lastly the move towards working from home even now post Covid has and will continue to adversely impact productivity. Any clamp down on this again would be unpopular with voters.

So yes there is definitely more to be done by corporate investment to improve productivity it equally there is more that workers can do as well.

Isn't productivity increasingly seen as an outdated measure of economic succes, with things like well-being and environmental sustainability being given more weight than mere output per labour hour?

I mean if productivity is such an important factor I wonder why business choose to continuously adopt things that are proven to be unproductive? Open plan offices for example, virtually every study shows it has a detrimental effect on productivity (amongst other things) but corporates love it so carry on with it regardless.

winegums88 · 29/07/2024 18:58

Shakeoffyourchains · 29/07/2024 18:53

Isn't productivity increasingly seen as an outdated measure of economic succes, with things like well-being and environmental sustainability being given more weight than mere output per labour hour?

I mean if productivity is such an important factor I wonder why business choose to continuously adopt things that are proven to be unproductive? Open plan offices for example, virtually every study shows it has a detrimental effect on productivity (amongst other things) but corporates love it so carry on with it regardless.

Unfortunately wellbeing does pay for public services.

It's much harder to prove the productivity cost of open plan vs. the very real and apparent savings of open plan in one's P&L

ll09sm · 29/07/2024 19:21

Shakeoffyourchains · 29/07/2024 18:53

Isn't productivity increasingly seen as an outdated measure of economic succes, with things like well-being and environmental sustainability being given more weight than mere output per labour hour?

I mean if productivity is such an important factor I wonder why business choose to continuously adopt things that are proven to be unproductive? Open plan offices for example, virtually every study shows it has a detrimental effect on productivity (amongst other things) but corporates love it so carry on with it regardless.

Yeah because who needs cold hard cash to pay for debt interest and public services. Let’s just pretend that warm fuzzy platitudes can fund all that. a la Venezuela.

Alexandra2001 · 29/07/2024 20:55

NoWordForFluffy · 29/07/2024 18:27

Did you read the article? It was clear that some of the 'black hole' is created by the recently-agreed public sector pay rises. Not sure the Tories can be blamed for that! (Not saying they can't be blamed for anything, but context is all.)

Oh so the previous Govt ignoring the fact that these would be coming down the track is all ok?

They knew the pay rises had to be funded but spent the reserves and never set aside funds for them, either in part, let alone full.

Try again, its not Labour fault.

This all comes down to Hunt and his 'bribe to the electorate.

Alexandra2001 · 29/07/2024 21:00

ll09sm · 29/07/2024 19:21

Yeah because who needs cold hard cash to pay for debt interest and public services. Let’s just pretend that warm fuzzy platitudes can fund all that. a la Venezuela.

Didn't Sunak cost the Govt £11bn in extra interest rate charges by not insuring the 900bn of QE against interest rate rises.

Then Truss caused the UK's Gilt yield crisis, yields being effective govt borrowing rates.

Even now, UK 10yr Gilt yields higher than France and Germany's, thats all additional borrowing costs.

Clavinova · 29/07/2024 21:43

Alexandra2001 · Today 12:39
The IFS made it very clear that Hunts NI cuts would lead to either other tax rises and/or spending cuts and so it has been proved

Keir Starmer supported the cuts to NI;

Hansard
Budget Resolutions
Volume 746: debated on Wednesday 6 March 2024

Keir Starmer
Because we have campaigned to lower the tax burden on working people for the whole Parliament—and we will not stop now—we will support the cuts to national insurance.

Rummly · 29/07/2024 22:49

Clavinova · 29/07/2024 21:43

Alexandra2001 · Today 12:39
The IFS made it very clear that Hunts NI cuts would lead to either other tax rises and/or spending cuts and so it has been proved

Keir Starmer supported the cuts to NI;

Hansard
Budget Resolutions
Volume 746: debated on Wednesday 6 March 2024

Keir Starmer
Because we have campaigned to lower the tax burden on working people for the whole Parliament—and we will not stop now—we will support the cuts to national insurance.

Oh for Pete’s sake, don’t bother the woman with facts! They’ll just get in the way.

ll09sm · 30/07/2024 01:28

Alexandra2001 · 29/07/2024 21:00

Didn't Sunak cost the Govt £11bn in extra interest rate charges by not insuring the 900bn of QE against interest rate rises.

Then Truss caused the UK's Gilt yield crisis, yields being effective govt borrowing rates.

Even now, UK 10yr Gilt yields higher than France and Germany's, thats all additional borrowing costs.

What’s your point?

Alexandra2001 · 30/07/2024 08:49

ll09sm · 30/07/2024 01:28

What’s your point?

I'd have thought that was blindingly obvious, given your previous post.

Plenty of "hard cash" but wasted by the Tories.

ll09sm · 30/07/2024 09:27

Alexandra2001 · 30/07/2024 08:49

I'd have thought that was blindingly obvious, given your previous post.

Plenty of "hard cash" but wasted by the Tories.

Again what’s your point and what has it got to do with my post? If you have an agenda against the Tories, go argue with one of their supporters to give you the relief you are looking for.

RafaistheKingofClay · 01/08/2024 14:04

That ballot was proposed in May and opened in June, which was under the Tory government. GPs were royally stitched up by the Tories the the result of the ballot being yes should be a surprise to nobody. It would have been the same if the election hadn’t been called.

Rummly · 01/08/2024 15:21

RafaistheKingofClay · 01/08/2024 14:04

That ballot was proposed in May and opened in June, which was under the Tory government. GPs were royally stitched up by the Tories the the result of the ballot being yes should be a surprise to nobody. It would have been the same if the election hadn’t been called.

The ballot closed on 29 July, more than three weeks after the election.

suburberphobe · 07/10/2024 00:15

and the country is at risk.

Of what??

Not like you are living in Ukraine or Palestine/Israel.

Don't let fear get the better of you.

woodynottinny · 07/10/2024 14:07

suburberphobe · 07/10/2024 00:15

and the country is at risk.

Of what??

Not like you are living in Ukraine or Palestine/Israel.

Don't let fear get the better of you.

Not living there, but certainly affected, as we have pledged 300bn per year (of money we do not have) to Ukr. Since 2014 by coincidence %of GDP spent on defence (no housing, health etc) doubled, tripled, due to be even more. Our living costs have gone up, up in the same period.

There is sommat we aren't being told, huh?

woodynottinny · 07/10/2024 14:16

Rummly · 25/07/2024 19:38

That’s not ‘thinking through’. It’s making up a subject that isn’t what’s being asked on this thread.

It is being asked about on this thread - what do we do with no money? But there should be money. So where do we find it? It takes time to unravel what has been before, is what the poster is saying. I am not convinced they are right that it will all be unravelled, but what they are saying is relevant.

For instance, public private partnerships. Sometimes virtually blank cheques paid under contracts which were not well negotiated. Millions paid to companies to build things for a superinflated cost. Millions paid to companies to house vulternable teenagers, probably ruining their lives, instead of paying the money towards competently solving the problems in the first place. It is a total mess. It would take time for any competent, moral government to sort out.

New posts on this thread. Refresh page