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.

It's going on an aging population needing more pensions and health care.

Hi Liz

I was aware of it, it is being widely covered.

@HellsBalls

How do you think the government can improve the quality of roads without spending money?

Governments aren't like households, they don't need to cut back in January after spending too much in December, as tempting as it is to try and think of it like that. Thrift doesn't solve problems, as Austerity showed.

the problem isn’t with their intentions… it’s the way they’re going about it. They’re making the economy worse. You can’t create growth by taxing people more and an obsession with public services. Businesses are import too. middle income people and small / medium businesses are going to suffer the most. Not as a pp said the big businesses and billionaires who are just getting richer.

Agree. No party can undo 12 years of deliberate mismanagement in less than a year. The only people who are saying they can are the Reform blokes who have serious messianic complexes and delusions of grandeur.

Looks to be fairly high up on times, telegraph etc - economic news never holds the spotlight for long. Labour took over a bad hand but they rushed some tax decisions to try and get the bad news out of the door early in the parliament and it doesn't so far seem to have been wise.

It was Truss like in a way in the rush - she rushed to do unwise tax cuts to boost growth and labour rushed to 'plug the black hole' but as Peston has tweeted, seem to lack an actual plan for growth.

I don't know what that would be though and none of the commentators seem to either - easy to say we need a plan for growth...

No, I don’t at all think it can be fixed in 8 months. I wasn’t saying that, was I. The issue is that the budget she enacted doesn’t contain any policies that will lead to growth at any time. Despite that being what we need and despite Labour promising to grow the economy.

That’s my problem with it. I’d happily wait for change to take place if the direction of travel were taking us the right way. Unfortunately we have the wrong policies in place and so unfortunately we’re heading towards more stagnation. Or -worse - the dreaded stagflation.

Off topic but this is the first time in ages I've seen the correct spelling 'cue' used in an OP instead of the incorrect 'queue' and it's heartening to see.

Totally. When the £ crashes through the floor and £100 billion is wiped off the Stock Exchange then you can compare her to Truss. Or Lamont.

If a plan for growth was easy it would have been done already. In the meantime we have to get a few of the foundations right. Brexit and Trump mean that trade is a lot harder, therefore we have smaller markets. Cost of living means selling anything abroad is harder. We are in a massively difficult position. What is the answer? Buggered if I know but we do need to have a competent and honest bunch in charge which we certainly didn’t have before.

Christ it’s depressing to see this misogynistic crap on a site for women.

I hope Trump fucks us hard. We need that pressure to go back to the EU because Stubborn Starmer is foolishly trying to hold the hard Brexit.

Reversing Brexit would stimulate growth very quickly. Every month he dilly dallies, more small business go bankrupt. Small business import supplies/export sold good and services have plummeted, even the fisheries and dairy farms that were supposedly going to benefit are struggling massively.

How should they be growing the economy to create the tax revenue?

This is absolutely correct.

Governments of any and all colours are flogging a dead horse trying to fix our bin fire economy unless they do something about Brexit.

But that’s too sensible a conversation for this country. Absolutely everybody knows this has been a monumental mistake but very few people who created it want to admit they were wrong.

Seriously? The Tories left the economy in a terrible state. No government is going to fix what the Tories did to this country in less than a year. This is just part of a process to try to eventually improve things, which surprisingly, doesn't happen overnight.

Lower barriers for new business and growing business.

Increasing employers national insurance has wiped growth in all sectors. Agricultural inheritance tax has wrecked that sector. VAT on private schools is actually costing more revenue than it will generate.

Welcome to the politics of envy. Talk about climbing the ladder then pulling it up behind them.

*sexist phrases
*tory / reform / ukip / far right loon attack lines
*no real argument and no understanding of why Truss was so dangerous and delusional

Are you being paid to post this nonsense, or does far right loon HQ get your time and efforts for free?

Where is all the fucking money going?

Austerity meant no investment, we have had wage stagnation for years, and an ageing population.

Well we did not expected to get worse. We’ll wait I did but the naive people who let Labour in didn’t.

It is ridiculous the expectations people have of Labour. The press doesn't help. With parts of the press, it seems the Tories tend to get a free pass yet Labour have to be absolutely perfect from day one, despite the Tories completely destroying the economy of the country. How does anyone seriously expect Labour to fix any of these problems in less than a year?

On the meantime how do we fund improving schools, the NHS and the huge problems in social care?

Well rather than putting up prices the companies could just pay the shareholders less, but we can't have that can we?

You can’t create growth by taxing people more and an obsession with public services. Businesses are import too. middle income people and small / medium businesses are going to suffer the most. Not as a pp said the big businesses and billionaires who are just getting richer.

Middle & lower earners here pay less tax vs other Euro countries.
You can’t take billionaires without global thinking as they are mobile.

We have a huge issue with crap wages, housing is far too expensive & the fact nothing has been planned for the changing demographics.