Is the Chancellor about to crash the economy?

[Startingagainandagain]

I will start by saying I voted Labour, but I am increasingly concerned about what the government has done so far.

Today there are warning that food prices could shoot up, the pound is going down, there were big jitters on the bonds market and government borrowing is higher than planned.

More generally Reeves seems to have spooked businesses and they have no will to expand or employ more people.

I agreed that the Tories left a total mess.

But Labour seems to just go from bad to worse and I am really starting to wish she could be replaced by someone more competent to restore some confidence.

Spot on.

These types of posts just smack of rival party tactics. They’re in here all the time. And silly petitions being set up by opposition parties about things they don’t like. They’re all designed to infiltrate the consciousness and destabilise our country.

In fact… Elon, is that you?

The best thing Reeves can do for the UK is resign and let someone else have a go at undoing the catastrophic mess she's created.

Labour need to get someone in who knows what they are doing. She is out of her depth and quite honestly doesn’t look well. Thing is I cannot think of anyone who has any sort of experience within Labour?

Anyone who has run a successful company, got some experience? Not this silly women who seems to be playing with the economy with catastrophic effect,

'@inthetrenches1 · Today 18:39

These types of posts just smack of rival party tactics. They’re in here all the time. And silly petitions being set up by opposition parties about things they don’t like. They’re all designed to infiltrate the consciousness and destabilise our country. In fact… Elon, is that you?'

I have replied to these silly 'bot' nonsense several times and it is just getting tedious.

It really is disrespectful to everyone on the thread who is managing to have a topical debate and share different views.

The concerns about the economy are all all other the papers and tv today. Are going to say that this is Musk's doing or Russian bots controlling them too?

Keep the tin hat if you want but let the grown ups have their discussion in peace.

Why are people saying farms wil be bought by China and, of all people, Russia?
Farming doesn’t make massive profits, and anyway very easy for the government to pass a law to prevent this.

Freedom of movement for young people ( under 26? Under 30? ) would be a massive boost for the UK.

They don’t need to sell it really. The demographics and, let’s say reality of Brexit, have changed dramatically since 2016, would give it easy passage.
Also, Labour have a massive majority. They need to say ‘fuck it’ and take one for the good of the country.

Chinese and Russians are buying up everything else, i.e. power supplies, utilities, manufacturing industry, residential property, retailers, etc. Why wouldn't they want to buy farmland? It's not about making short term profits - the billionaires are rich enough - it's about long term growth and control.

There could very well be full on riots and the burning of parliament if they did that.

There's a reason Labour have shut up about Brexit. They know that voters are still very, very angry at the way politicians attempted to overturn the referendum and deliberately fucked it all up with the Benn Amendment.

It’s amazing how many people running the government down reckon they voted for it. They clearly didn’t do it with much conviction.

Around 60% of EU citizens who came to the UK pre-Brexit were aged under 30.

I don’t believe that would happen, at all. Labour have shut up about Brexit because it’s a done deal.
Allowing FoM for young people is not a reversal of Brexit, or anything near it. They can easily combine it with a residence permit, no benefits’ rules, compulsory health insurance etc.
Switzerland has FoM with the EU, plus the health insurance requirement, no recourse to public funds etc, and it works perfectly well. If you can’t find a job in 3 months, out you go. The difference is, they actually enforce the rules.
It’s what the UK should have done in the from the beginning, implement the rules allowed, and publicize it well, rather than just say ‘nothing we can do, EU’. We were way too Liberal, eventually leading to Brexit.
Similarly, if Labour don’t grow a pair, they will lead to Reform. It’s basically inevitable.

@ThisOldThang Honestly what a load of old rot

All recent polling around Brexit and the rights and wrongs of it has shown that the majority now see it as a massive mistake (of course-duh!) and would now choose to rejoin, given the chance.

Slow handclap, suckers.

As I said previously, it’s the biggest economy trasher in living memory. I’d hazard a guess that most of the posters trashing Labour on this thread voted for that trashing too. Sick man of Europe 2.0…

That chart has pro Brexit on less than 50% in 2016, so it looks like a load of remainer bollocks to me.

Why would that make it bollocks? There were people who didn’t vote in the referendum and people who didn’t make up their minds until the last minute. Clearly the demographic has changed in the intervening eight years - a lot of leavers have died and young people are now included who were too young to be in 2016. It’s pretty obvious that the number of Brexiteers will reduce every year.

You do realise a poll might also include the “don’t knows”…Unlike a binary and ultimately binding vote.

Admit it to yourself, most people now realise it was a huge, unbelievably costly mistake. It’s pretty much common knowledge now.

But who?

Yanbu. I'd rather she put a penny on income tax too. The economy was starting to do better before she inherited it, public sector needed investment though, so a penny on income tax makes sense.

I'm not a farmer or private school parent, but meddling with small amount of tax that affect only a few seems pointless.

I voted Labour, but there's no point pretending this is going well. Raising NICs for employers made no sense. I could see the thinking behind getting rid of the WFA and changing inheritance rules for farmers, but that made literally no sense. I have no idea how it got approved as policy.

I watched the interview also.
Its very interesting regardless of how you feel about her time as PM.

Her description of how Government actually works mirrors what many have been saying for a while now that it really is not fit for purpose.

A reset is needed but it will take a strong set of MP’s to take on the establishment and begin to unpick the layers of bureaucracy and kick the unelected Quangos off the gravy train.

In short, currently it doesn't matter which party are elected as they don't hold the power.

The Conservatives are too wet. Labour don't even recognise or acknowledge the problem - in fact, they think more government non-jobs are always the answer. The Lib Dems and Greens are more of the same.

So that leaves Reform who are probably up for giving it a go, but are also a bunch of disorganised amateurs.

I fear things are going to have to get much, much worse before people are ready / crying out for a 'Maggie' to come in and fix things.

Dont fear everyone- over on his x/twitter page, Kier announced he is going to cut the cost of going to gigs and events. Golly aren’t we lucky.

How much bullshit can we take? And HOW much money will it cost us to enforce this trivial idea? Labour have truely lost touch with any semblance of the working class. They don’t relate to us and are acting like obnoxious idealistic cunts

News just in:

https://www.telegraph.co.uk/politics/2025/01/10/billions-disability-welfare-cuts-calm-markets/

Non-paywall link:
https://archive.ph/6q5tQ

Perhaps I might have to eat my words. Do we have a new 'nasty party'?

It is so annoying as we were on the road to recovery pre July

I assume this is satire.