‘22bn black hole’

[EverythingAllatOnceAllTheTime]

Labour refuses to disclose key details of alleged 22bn ‘black hole’.

What is it with Labour? They seem hell-bent on implementing some bonkers tax rises, premised on some very dubious data.

Their latest rental reform proposals are also utterly daft, and will deliver the opposite of what they are trying to achieve.

The way I understood it is that a significant proportion of the 22bn has come from the pay rises and subsequent increases in the pension contributions for doctors and transport workers. I personally found it astounding that the new government did put any conditions on the pay rises and did them (for the doctors) over just 2 years. I do however, believe that a pretty significant pay rise was in order.

Conservative Bashing seems to be the norm ... sad performance by Kier so far.

Of the £22 billion "black hole" £9 billion is down to the Labour government decision to give above inflation pay rises to junior doctors and transport workers.

I am not saying I disagree with the decision to pay junior doctors but stating the previous Conservative Govt is to blame for the entire £22 billion budget "black hole " is completely false.

Well according to the Times deputy political editor the Conservatives if reelected were expecting to pay several billion (unbudgeted) -

"There's a row over whether the £22bn blackhole figure used by Reeves is fair, given £9.4bn is from Lab gov's decision to implement public sector pay recommendations

Useful context: Under Hunt, HMT thought it would have to spend up to £7bn on pay rises..

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Labour knew and they spent 10bn of it with pay rises. So they in affect helped create the problem. We also aren’t taking into account how much did covid cost us with the increase on benefits, cost of living payments and paying out to save business’ who had to close during covid. We were always going to suffer from the after effects of Covid, too. Our nhs is drowning so it’s okay giving pay rises but we have potentially put the nhs at risk with the pension fuel allowance being cut. A lot of people are paying privately for dentists and we seem to now be seeing rises of council tax and other taxes to come despite the huge poverty line the lower class are facing with the cost of living. Labour did try and change the 3rd child rule in remarks to the tax credits payments. However this was always something good to implement in the system to stop people having more children then they can afford and relying on the tax payer to foot the bill. They did push harder with child maintenance to have absent parents pay for these children