Rachel from accounts has crashed the economy

[Almn0etd]

So borrowing costs are now even higher than when Liz Truss was around.

The economy is well and truly cooked and in a far worse shape now that Rachel accounts is in charge.

Why isn’t this dominating the news cycle? Because it’s Labour.

The Tories were atrocious. Labour are an indescribable disaster for this country, surpassing the lowest of the low bars. Cue Labour apologists who don’t mind being made poorer and having the country destroyed, as long it’s Labour doing it to them.

believe that if tax cuts don't work, you need to cut them more.

You can see the opposite on these threads. We have tax rises and now talk of public sector cuts

If it’s not working the response is to keep increasing taxes.

I like what higher taxes properly applied can do, such as support a functional health service. It’s also true that the Scandi countries have some of the happiest populations in Europe. That counts for a lot.

The last four months cannot be seen in isolation, as I am sure you are aware. The reason any further public sector cuts will be so grim is because of 14 years of Tory mismanagement

I know a lot of people who have small businesses and/or self employed tradies, all reporting that in the run up to the election and since then has been very quiet. However since December work/trade has pretty much dried up. The knock on effect is going to be huge, people just won't be able to spend anything which will affect the entire economy, hospitality, retail etc - for many it's not just rising food and energy prices it's less or no income and I just can't see things getting better, genuinely concerned about the coming year. Also the number of young people either emigrating or contemplating it is definitely increasing - if I was younger I'd definitely be considering this, this country has lost it's way - I just hope it finds it and soon.....

Rachel from accounts is coping with an economy which was well trashed by also crashed by the Tories previously.

But theres always been a up turn after a shit show. After the war, after the 70's after the 90's crash...

An easy thing to do would have been to cut bureaucracy for business for SMEs. Get the next lot of people making and doing stuff.
Building houses is fine but everyone knows it's going to be massive hideous estates that no one really wants to live in whilst singularity destroying best bit of the U.K. - the countryside.

Look on the bright side, we could have that total divot Farage running the country.

That would be a crash.

Take my tip OP stick to posting about things you understand (whatever they might be).

BTW the minute you called the Chancellor of the Exchequer "Rachel from Accounts" you lost any claim to be taken seriously.

HTH.

But that was at least growing…

Yes, it’s repulsive misogyny.

Like it or not, the tories are economically more trustworthy if you have a small independent business, and a large proportion of the UK workforce work for small companies. If I remermber correctly it's something like 75% of the workforce that works for small local companies doing local work for local customers. Possibly only because they understand that to continue doing whatever they do, there needs to be a profit at the end of the deal for the person who has held the transaction together, to make sure that everyone comes out with what they wanted. Real viable businesses, in the microbusiness sphere where we work, know the gross and net profit margin on every single transaction. We would not have been in business for 30 years if that singleminded focus had ever been allowed to slip.

Seriously! How can you8 claim Tories are economically more trustworthy after Liz Truss and Boris Johnson. They were a bloody disaster
Or David Cameron who ushered in Brexit

Yes, she did all this in a few months. The last 14 years had fuck all to do with it eyeroll

However, now that we are nearly 70 and my DH has just spent Christmas in an intensive care ward, I think he needs to retire from business and paying tax. So over to the rest of you. Once people like DH retire, someone else will need to pay in the money that he has contributed to the pot for 45 years or more. I'd like to say that we'll move beyond the grasp of the Chancellor but I don't want to cope with another health crisis in another language.

David Cameron made it very clear that his choice was Remain. Jeremy Corbyn didn't.

Britain needs Reform.

Of course they are. MSM is owned by right wing zealots for the most part

And frankly Rishi Sunak was doing most of the right things to get the economy moving in the right direction, slowly I grant you, but Rachel Reeves' unrelenting disaster narrative has been a self fulfilling prophecy.

Should never have voted the Tories out for all their faults. Sunak and Hunt far more competent on the economy than two tier and Rachel from Accounts.

They steered us nicely after the Kamakwarsi budget. Now the Labour morons have taken us full circle, along with the lemmings who voted them in.

Voting Sunak out was an act of self-harm. He knows economics. Labour don't have a clue.

I think you are correct. Now Rachel needs to deliver more austerity, and feel the love.
Where the Tories did go wrong, is not borrowing massively for infrastructure projects and tying in near zero interest rates on the debt. Now, borrowing is more expensive again. Massive opportunity lost.

"They steered us nicely after the Kamakwarsi budget"

Did they? Easy to make cuts to stimulate growth that are essentially unfunded and not releasing full information to the OBR, if you know you won't be responsible for finding the money to pay for them after the election .

The there's no money left is a long standing joke between chancellors but they actually left labour with an IOU....

Every government leaves power with projects not completed.

I am very sorry to hear about the health crisis of your DH, @Papyrophile . Mine has been there, long enough ago that the NHS was in better shape. He is only here today, doing well, because it was possible to mount a very quick response to a very aggressive cancer. I think today’s normal delays during the initial stages of the cancer pathway would very likely have killed him.

Given that health is the foundation of a good life, and the Tories made such a mess of the NHS, are you not worried about what they would mean for the health of your DH? (For those who are unaware, even if you have private insurance or health care, only the NHS handles emergencies or complex cases)

We have good insurance but I find the Tory approach to healthcare the single most terrifying aspect of their attitude towards governance.

I actually have high hopes for Streeting's vision of the NHS. It's a huge task to wrench it around but I think suddenly, that it is possible. It will change, quite a lot and some of the changes will be fairly bloodthirsty and it is even possible that not everything will be free at the point of delivery but I am optimistic that the major pillars will survive.