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FreddieUK · 70-79, M
Yes and yes. Persuade me of a viable alternative and I’ll listen. So far I’ve only read a lot of exaggerations and naive assertions.
gandalf1957 · 61-69, M
@FreddieUK The alternative is to grow the economy which all the major political parties want to do. The unanswered question is how??
Truss went for an updated and much larger version of the 1970s Heath government boom when they pumped money into the economy and reduced interest rates as requested by business that then didn't respond so we got huge inflation. She and Kwarteng thought the reduced tax would encourage investment - that didn't work. Sunak and Hunt had to fix that and didn't have a lot of time to do anything else. This government has raised taxes to increase spending in the public sector and hopes to stimulate the economy that way but the increased taxes have reduced the private sector willingness to create jobs.
If I knew the answers i'd be a millionaire, I don't and I aren't. Unfortunately it doesn't seem that any of the political parties in the UK currently have the answer either. I wouldn't trust Reform or the Greens for that matter.
I'm not sure that the OBR is fit for purpose and I note that the government is only going to publish their views from now on annually and not twice a year.
I just hope someone will come up with an idea that works for growing the economy.
Truss went for an updated and much larger version of the 1970s Heath government boom when they pumped money into the economy and reduced interest rates as requested by business that then didn't respond so we got huge inflation. She and Kwarteng thought the reduced tax would encourage investment - that didn't work. Sunak and Hunt had to fix that and didn't have a lot of time to do anything else. This government has raised taxes to increase spending in the public sector and hopes to stimulate the economy that way but the increased taxes have reduced the private sector willingness to create jobs.
If I knew the answers i'd be a millionaire, I don't and I aren't. Unfortunately it doesn't seem that any of the political parties in the UK currently have the answer either. I wouldn't trust Reform or the Greens for that matter.
I'm not sure that the OBR is fit for purpose and I note that the government is only going to publish their views from now on annually and not twice a year.
I just hope someone will come up with an idea that works for growing the economy.
FreddieUK · 70-79, M
@gandalf1957 It looks like we're in the same place. I have no alternative either and I don't follow Daily Wail politics, so I am staying where I am for the time being. I'll vote to keep out the right wing unpleasantness and like you hope that someone comes up with something that addresses the needs of the country.
Exactly so.
I wouldn't trust Reform or the Greens for that matter.
Exactly so.




