Risteard
Senior Member
Both referenda and referendums are correct.
Purists like me would suggest referenda is really the more correct.
Referendums ! Is there any point ?
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Both referenda and referendums are correct.
Purists like me would suggest referenda is really the more correct.
they hold funds for things like flood disasters and other unpredictable events like terroist attacks
As for austerity - I'm convinced it was unnecessarily hard and more ploitically motivated than necessary. The defecit actually shot up as I'm sure it slowed the economy down. Only the subsequent devaluation of Sterling has saved the economy, but I've also been of the opinion Sterling was over valued for decades with the subsequent demise of industry (good for the city boys though). Still reckon closing the tax loopholes would raise the money the UK needs for services.
The deficit didn't shoot up ......... the national debt increased
The deficit actually came down.
Deficit = public spending is more than tax revenues
Surplus (if we ever get there) = tax revenues in excess of public spending
National debt = the amount borrowed by UK plc to balance the books ......
ok wrong term, but ND has shot up under Osbourne £555 billion since 2010, and we still have barely balanced the books this year. At , say, a 1% interest rate on that figure that is something like £55 billion just to service the extra debt from a budget of £756 billion last year.
I totally agree we shouldn't spend more money than we can afford, but, I've always been of the opinion that threatening stable wages like those of the public sector was shooting us in the foot. Many households rely on that 1 stable income to plan spending, including my own. With the wifes work under threat, we have certainly put plans on hold ( not that we haven't always been save to spend, rather than borrow to spend types anyway). So, in my opinion Osbourne destabilised the economy resulting in tax revenue fall, hence the need to borrow more money.
I totally agree we shouldn't spend more money than we can afford, but, I've always been of the opinion that threatening stable wages like those of the public sector was shooting us in the foot. Many households rely on that 1 stable income to plan spending, including my own. With the wifes work under threat, we have certainly put plans on hold ( not that we haven't always been save to spend, rather than borrow to spend types anyway). So, in my opinion Osbourne destabilised the economy resulting in tax revenue fall, hence the need to borrow more money.
^^ hum
The national debt is going to get bigger soon as the civil service are considering including the student loans as "debt" and if all the PFI deals were included too .......................
If Labour had been re-elected in 2010 they would have kept borrowing far more ...........................
Not sure there is a "right" answer................... but the Co-ellition and laterly the Conservatives have "slowed" austerity (meaning borrowing more) ..................
I'm sure if you put 10 economists in a room, they could argue this all night and still not agree!
The national debt is going to get bigger soon as the civil service are considering including the student loans as "debt" and if all the PFI deals were included too .......................
If Labour had been re-elected in 2010 they would have kept borrowing far more ...........................
Not sure there is a "right" answer................... but the Co-ellition and laterly the Conservatives have "slowed" austerity (meaning borrowing more) ..................
I'm sure if you put 10 economists in a room, they could argue this all night and still not agree!
Sharpend
"It Just Is"
before the bank crash Labours spending was affordable and well within spending guidelines as we have discussed previously - no one saw the bank crash coming, but then the unexpected is always reason to pay off debt whenever possible. What they were borrowing was nothing like the shooting up of National Debt we saw under Osbourne, tax rises would have been a good idea, or at least shutting down offshore loopholes.
According to last years figures we have a small surplus, hence the slow down of the destruction of public services, not that that is over yet, 2020 is the end of that. There is no reason to borrow more except to service the huge debt... and PFI HS2 and Hinckley Point of course!
Economists only ever agree on what has happened, but I get peed off with 'the Tories are the only people who can be trusted with the economy' becuase it isn't true and they fail the ordinary man every time. Anyway, the past is the past, you can argue cause and effect for as many hours as you have to spare, what we need is a plan going forward. Some rough ideas for that include:-
1/ shut down off shore tax loopholes.
2/ don't hit the economy with a hard brexit - we can renegotiate a soft deal later, when people discover there is life outside the EU by degrees...
3/ devalue Sterling to boost trade and increase tourism to the UK
4/ buy pack public services so we stop sending so much money abroad and cerytainly stop selling the family silver if there is any left
5/ stop Russian (and others) money laundering through the City / property market - houses might become affordable again then
6/ ban all public school winkers from running the country
According to last years figures we have a small surplus, hence the slow down of the destruction of public services, not that that is over yet, 2020 is the end of that. There is no reason to borrow more except to service the huge debt... and PFI HS2 and Hinckley Point of course!
Economists only ever agree on what has happened, but I get peed off with 'the Tories are the only people who can be trusted with the economy' becuase it isn't true and they fail the ordinary man every time. Anyway, the past is the past, you can argue cause and effect for as many hours as you have to spare, what we need is a plan going forward. Some rough ideas for that include:-
1/ shut down off shore tax loopholes.
2/ don't hit the economy with a hard brexit - we can renegotiate a soft deal later, when people discover there is life outside the EU by degrees...
3/ devalue Sterling to boost trade and increase tourism to the UK
4/ buy pack public services so we stop sending so much money abroad and cerytainly stop selling the family silver if there is any left
5/ stop Russian (and others) money laundering through the City / property market - houses might become affordable again then
6/ ban all public school winkers from running the country
^^ Labours spending was not affordable. From 2005 HM treasury warned Labour that taxes were not covering expenditure and the national debt stated to rise ...
Sharpend
"It Just Is"
I've got a quicker and easier fix, simply move the capital of the country from London to somewhere up north, then see how quick the economy is out back into perspective. oh and the public school boys don't travel that far north, something to do with getting nose bleeds they call it vertigo, the northerners calls it a knuckle bruise I understand?
