Budget 2009

The Chancellor has announced that an already announced £50m to be spent on upgrading our quarters will be brought forward.

The devil will be in the detail but that sounds like some good news for Forces' families!

Litotes
 
Fook all good news in the budget other than that though is there?
Government debt to rise to 79% of GDP over the next 4 years?????????
Fuel up 2pence a litre (Sept) again
Fags up 2% tonight
Booze up 2%
50% tax rate on earners over £150k

606 Billion quid of borrowning over the next four years.
Billion upon billion pished away. I wonder who is going to have to pay all that back?
 

sandybag

Old-Salt
jagman said:
Fook all good news in the budget other than that though is there?
Government debt to rise to 79% of GDP over the next 4 years?????????
Fuel up 2pence a litre (Sept) again
Fags up 2% tonight
Booze up 2%
50% tax rate on earners over £150k

Billion upon billion pished away. I wonder who is going to have to pay all that back?

Jagman, you know who is going to have to pay, us lot, that's who, no fckin surprises there then.!!!!
 
jagman said:
Fook all good news in the budget other than that though is there?
Government debt to rise to 79% of GDP over the next 4 years?????????
Fuel up 2pence a litre (Sept) again
Fags up 2% tonight
Booze up 2%
50% tax rate on earners over £150k

606 Billion quid of borrowning over the next four years.
Billion upon billion pished away. I wonder who is going to have to pay all that back?

We are, Jagman, we are!

It makes me wonder why Dave is so enthusiastic about becoming the next PM; he will take over one hell of a mess.

Litotes
 

Bumper

War Hero
every bit as bad as expected. growth halving after 2011, huge borrowing and nothing to encourage wealth creation. I can hear the hum of the engines warming up at Heathrow already. This Budget looks like the worst of all worlds - huge tax rises, optimistic GDP growth forecasts and no meaningful evidence of public spending restraint. Shocking, the whole thing.
 
That man should be in a mental hospital, because he don't live in this world
 
More debt to be accumalated in next two years than by all previous governments EVER!!

Says it all.

£5million for quarters/accom - works out at a few hundred each. Should make all the difference assuming none of the £10Bn in "savings" doesn't come from the accom budget.
 

P2000

LE
The Budget is a total unmitigated disaster. The Chancellor's forecasts are optimistic (barking). And even though they are optimistic the numbers are big and bad.

Net debt 79% in 2013. ****ing hell.

The cost of the bailout is £3.5%. Which, the IMF said yesterday, we're unlikely to recoup.

Returning to growth in Q4 of 2009. Not likely. China, India and Brazil have all reviewed their growth forecasts down for this year- they are suffering. Any optimism people have been experiencing recently is a dead cat bounce.

The cuts announced in public spending- a further £9bn of efficiency savings- is an utter nonsense. Not even 1% of GDP.

This Budget is utterly unsustainable and overwhelmingly political. Deferring hard decisions until next year in the hope that a) something turns up and b) the Tories have to carry out cuts.

Can I emigrate, please?
 
Bumper said:
I can hear the hum of the engines warming up at Heathrow already.

Same here.

I know quite a few "self made" guys that earn around or in excess of the £150K that has been quoted. I can't think of one of them that won't either

a) Fiddle their wages so that they (on paper) take a pay drop

or

b) Bail out

Although 150K a year is a fair wedge of a wage, it isn't that much if you have spent 10 years building up a business or work on a commission basis where you get paid for what you create or have a very high risk job with lots of OT and danger money etc, etc.

That sort of wage is not the "silver spoon" limit that many think it to be.
 
Join the queue. Be aware that the next step, probably already in the small print, is restrictions on moving money out of the country.
 
Don't be surprised if the UK is still paying off the national debt by & beyond 2020, thats a very scary forcast IMO
City Traders complaining due to the 45 -50% tax increase on £150k earners stating the high earners will slowly start to the leave the UK's finance cities
£50 M brought forward towards MOD homes still does'nt sound a lot
Economy shrinking by 3.5% is far worse than expected

The banking system still needs radical measures as they are still NOT lending money & 1 female City trader commented untill the banks start lending then the UK's Economy will NOT improve!
 
Wow.....just wow.

UKplc is to be burnt to the ground as Labour exits.

Sterling looks set to be crushed under unsustainable borrowing.

I sense that a political revolution will be our only hope of remaining a country worth living in.

If the tories are to do what is required to save the nation,as with most revolutions,I predict it to be a bloody affair.

I really cant express my contempt for this government.
 
Litotes said:
jagman said:
Fook all good news in the budget other than that though is there?
Government debt to rise to 79% of GDP over the next 4 years?????????
Fuel up 2pence a litre (Sept) again
Fags up 2% tonight
Booze up 2%
50% tax rate on earners over £150k

606 Billion quid of borrowning over the next four years.
Billion upon billion pished away. I wonder who is going to have to pay all that back?

We are, Jagman, we are!

It makes me wonder why Dave is so enthusiastic about becoming the next PM; he will take over one hell of a mess.

Litotes

Perhaps Dave has dreams of emulating Maggie, snatching Britain from the jaws of disaster and ushering in a new golden age of capitalism. I'm glad somebody has the cajhones to grab an extinguisher and jump into the economic fire storm that Gordon has lit.

Back on thread:-

The main changes apply to people on six figure incomes. There aren't enough of those to make a significant difference to government income. Seems like a token gesture for the 'hang a banker' brigade. It's also going to accelerate the brain drain of highly qualified people out of the UK.

This little nugget almost slipped by unnoticed:-

From January everyone under the age of 25 who has been jobless for 12 months will be offered a job or a place in training.

Could this be the start of workfare in the UK? The word 'offered' suggests Duwayne and Chardonnay can tell the job centre where to go while they continue to sign on, but it's a start.
 

5_mile_sniper

Old-Salt
Would be nice if they got their benefits cut if they turn down the "offer", but I'm not going to hold my breath on that one.
 

seaweed

LE
Book Reviewer
RIP
Worse yet. The assumption is that this is the one and only recession and we shall all be saved as everything picks up for ever in a few years time. In point of fact the UK is bust.
 
Ancient_Mariner said:
Litotes said:
jagman said:
Fook all good news in the budget other than that though is there?
Government debt to rise to 79% of GDP over the next 4 years?????????
Fuel up 2pence a litre (Sept) again
Fags up 2% tonight
Booze up 2%
50% tax rate on earners over £150k

606 Billion quid of borrowning over the next four years.
Billion upon billion pished away. I wonder who is going to have to pay all that back?

We are, Jagman, we are!

It makes me wonder why Dave is so enthusiastic about becoming the next PM; he will take over one hell of a mess.

Litotes

Perhaps Dave has dreams of emulating Maggie, snatching Britain from the jaws of disaster and ushering in a new golden age of capitalism...

Er you mean the neo-liberal economics that fatally unbalanced our entire economy and tax base and got us into this mess? It's no shock the US that was stupid enough to run the same policies under Reaganomics is running the same degree of budget deficit...
 
Ancient_Mariner said:
Could this be the start of workfare in the UK? The word 'offered' suggests Duwayne and Chardonnay can tell the job centre where to go while they continue to sign on, but it's a start.

Or might it be a total fantasy?

a. Private sector employers will not offer Duwayne & Chardonnay jobs, simply because they're on the dole. They have to want them, be capable of doing them and be suited to the task. Experience in every 'work for welfare' or supported employment scheme to date suggests that even comparitively hefty financial incentives will not persuade employers to take on inappropriate staff.

b. The 'training' alternative simply means 'makework'. Something which no economy can sustain for any length of time. And, ultimately, it's entirely funded by the taxpayer. If it were a viable commercial opportunity, somebody would be doing it commercially. See point a.

The number of adults 'capable of work' including those on all forms of benefit, not just "jobseekers" is circa 3M. The number of advertised vacancies in the UK is currently circa 60k. The first figure doesn't divide into the second.
 

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