Yesterdays Budget

Auld-Yin

ADC
Kit Reviewer
Book Reviewer
Reviews Editor
Corbyn yesterday in the House looked very frail and weak. I am certain that he has some underlying illness and, as he is standing down soon, I don't understand why he is hiding it.
 
Note, like every other LoTO ever, he started his reply speech with a few brief words about the good bits.
Have to take issue with you there. If there was any praise for the Chancellor, it was well hidden beneath Corbyn’s usual default setting of negative Socialist bile. The man isn’t capable of praising a Tory, full stop.
As for Rishi, it was an exceptionally well delivered speech by a star of the future. Yes, he was parachuted in, following some typical Tory in house shenanigans, but I’m so pleased he was delivering yesterday’s Budget speech and not the Marxist McDonnell.
 

Cold_Collation

LE
Book Reviewer
Echoing comments made above:

The boss of Liberty Steel, a pipe manufacturer in Hartlepool, was interviewed as the Today programme finished this morning.

He was asked what he was pleased of seeing yesterday, and what he would have liked to have seen. He mentioned energy prices and business rates - fair comments in terms of competitiveness.

He then went on to say that he wished could see a longer-term industry strategy - out to 30 years, and perhaps a cross-party effort.

My first thought was, "Good luck with that while we've got a main opposition party which will oppose on principle anything that the government says, merely/precisely because the government has said it.

It underlines that the current Labour Party is about power and control, not progress (although 'progress' is the sort of word it seems very fond of).
 
Good bits :
1. Infrastructure spending rules to be rejigged.
2. Infrastructure capital spend - with proviso that it's controlled and budgeted properly, not mired in endless planning and approval inquiries. Or a f8cking unusable bridge / tunnel.
3. Generally avoiding tax increases

Unavoidable bits :
1. Provision for Bananarama virus NHS measures
2. Sick pay and business support measures
3. Brexit contingency provisions

Bad bits :
1. Continuing to live beyond our means - you can't keep throwing resource cash at the gaping maw of the NHS without concomitant reform, either in internal efficiency or what it provides or more likely both.
2. Failure to commit to balancing budget in near term.

Played as well as could be expected. Hopefully, the infrastructure splurge will deliver what its supposed to.
 
Have to take issue with you there. If there was any praise for the Chancellor, it was well hidden beneath Corbyn’s usual default setting of negative Socialist bile. The man isn’t capable of praising a Tory, full stop.
As for Rishi, it was an exceptionally well delivered speech by a star of the future. Yes, he was parachuted in, following some typical Tory in house shenanigans, but I’m so pleased he was delivering yesterday’s Budget speech and not the Marxist Maoist McDonnell.
I've corrected your post, you're very welcome.

Like i said, Jezza started off with "....is to be welcomed", or some such.

Every Budget ever has the same ritual.

Chancellor: we're great, I'm a future PM, we're running the economy so well that look! Shiny things!

OR

Chancellor: we're great, I'm a future PM, the last lot were so awful l have to be mean but it's their fault.


In either case, response:

LoTO: there are a few good bits, basically I have to say that because they're the bits indistinguishable from what we said we'd do. Otherwise, what a ball crushing disaster for the nation as a whole but especially business and middle England (Tory LoTO) or working people and the poor (Labour LoTO) or brown people and trans dwarves (current Labour LoTO).
 
My bold....This would be very difficult and very expensive.
Most of the old branch lines have been built on, or at best, built too close for a road to be relaid/re-opened.
And the reason those lines were shut is probably still valid, potentially even more so with the advent of mass car ownership, remote working etc, etc.
 

Cold_Collation

LE
Book Reviewer
Good bits :
1. Infrastructure spending rules to be rejigged.
2. Infrastructure capital spend - with proviso that it's controlled and budgeted properly, not mired in endless planning and approval inquiries. Or a f8cking unusable bridge / tunnel.
3. Generally avoiding tax increases

Unavoidable bits :
1. Provision for Bananarama virus NHS measures
2. Sick pay and business support measures
3. Brexit contingency provisions

Bad bits :
1. Continuing to live beyond our means - you can't keep throwing resource cash at the gaping maw of the NHS without concomitant reform, either in internal efficiency or what it provides or more likely both.
2. Failure to commit to balancing budget in near term.

Played as well as could be expected. Hopefully, the infrastructure splurge will deliver what its supposed to.
The infrastructure bit is good news. A bit of Keynesian pump-priming. It's a shame that Labour never managed it.

Let's order a few more war canoes while we're on, eh? Just to upset the SNP as well - I mean, Tories spending in their constituencies?? How dare they.
 

AlienFTM

MIA
Book Reviewer
My bold....This would be very difficult and very expensive.
Most of the old branch lines have been built on, or at best, built too close for a road to be relaid/re-opened.
The line into Fawley power station (closed recently) is not being lifted. I'm hearing talk that as well as newly agreed road improvements for the inevitable housing once it's demolished (I heard the chimney is due imminently), the line would make a perfect branch line to ease the already crammed roads around the Test estuary.
 

Cold_Collation

LE
Book Reviewer
LoTO: there are a few good bits, basically I have to say that because they're the bits indistinguishable from what we said we'd do. Otherwise, what a ball crushing disaster for the nation as a whole but especially business and middle England (Tory LoTO) or working people and the poor (Labour LoTO) or brown people and trans dwarves (current Labour LoTO).
It takes a special form of dissonance to be able to take credit from the opposition benches for the government's budget. Well done. I'm shaking my head at your post.
 
Let's order a few more war canoes while we're on, eh? Just to upset the SNP as well - I mean, Tories spending in their constituencies?? How dare they.
Sadly, I think that budget ain't going to get any extra. It's also fair to say that spare capacity to do anything prior to late 20s is negligible.....
 
The line into Fawley power station (closed recently) is not being lifted. I'm hearing talk that as well as newly agreed road improvements for the inevitable housing once it's demolished (I heard the chimney is due imminently), the line would make a perfect branch line to ease the already crammed roads around the Test estuary.
The interconnector to France coming in through yea olde HMS Daedalus will be up and running soon, plenty of French nuclear power to replace the Fawley output :)
 
The interconnector to France coming in through yea olde HMS Daedalus will be up and running soon, plenty of French nuclear power to replace the Fawley output :)
This in my opinion is a big mistake, it puts us at the mercy of a foreign power should things go a bit pear shaped. We should be looking to produce our own power and be self sufficient.
 
This in my opinion is a big mistake, it puts us at the mercy of a foreign power should things go a bit pear shaped. We should be looking to produce our own power and be self sufficient.
We absolutely should be!!! Why we've fallen off the perch of being a world leader in developing and building nuclear power plants is beyond me bonkers.
In the absence of said plants we do need some back up and right now we're importing 12% of our power through various interconnectors GB Fuel type power generation production
 
Good pragmatic Budget, although he could have dialled back on the Bob the Builderish "get things done" soundbite.

However I couldn't help thinking he looked an awful lot like Kevin's mate from The Wonder Years.
The 'Get things done' was Blatantly nicked/borrowed from Boris, get Brexit done campaign phrase & the Tories were lapping it up abiet occasionally irritating.

I concur with @slipperman a well delivered speech from a young chancellor whom made it count when it mattered.

Sent from my SM-T555 using Tapatalk
 

Cold_Collation

LE
Book Reviewer
We absolutely should be!!! Why we've fallen off the perch of being a world leader in developing and building nuclear power plants is beyond me bonkers.
In the absence of said plants we do need some back up and right now we're importing 12% of our power through various interconnectors GB Fuel type power generation production
I'll take this one.

I've got be careful with Persec here but a very close relative of mine was involved in the building of the previous generation of nuclear power plants, including Sizewell B. This was/is a pressurised water reactor and we turned to the Americans, who have a lot of experience of such designs, for help. There was a design office up at Booth Hall in Cheshire and the guys there spent a fair bit of time shuttling to and from Boston in the US.

At some point, it was decided that there wasn't enough competition in nuclear power plant design - I guess in line with government rules which state that there has to be competition.

Never mind that this could have been declared a strategic capability/asset and placed outside competition. The design office was split, with half moved to a location in Essex.

There was no sense to it, and there was no reason why we couldn't have maintained the capability beyond dogma. In fact, there's every reason why we should have maintained the capability. Certainly, buying a paper design off the Chinese makes no sense, not in a strategic security sense. Look at the furore over Huawei.
 

Latest Threads

Top