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Post by northwestman on Dec 26, 2022 11:30:29 GMT 1
Jeremy Hunt's tax raid will leave Britain stagnating on the world stage, according to new analysis that shows the Chancellor's attack on aspiration will leave the country languishing behind other economies for the next two decades.
The Centre for Economics and Business Research (CEBR) warned that the jump in Britain's tax burden, which is set to climb to a peacetime high in 2024, will inflict long-term damage and derail growth that would have seen the UK overtake Germany.
"A higher interest rate and high-tax environment are set to weigh on the UK’s growth prospects for much of the coming decade," the CEBR said.
The consultancy criticised measures in the Autumn Statement that it warned will " disincentive entrepreneurship, productivity, and labour market supply".
The consultancy warned the Government had ignored the collapse in public sector productivity since the pandemic, plugging a £40bn hole in the public finances by penalising workers and businesses instead.
A bad trade deal with the EU and failure to take advantage of post-Brexit freedoms will also harm growth, it said.
Daily Telegraph.
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Post by martinshrew on Dec 26, 2022 19:25:50 GMT 1
Hopefully we can see a more prosperous 2023, I think a snap general election might be on the cards.
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Post by Deleted on Dec 26, 2022 22:13:28 GMT 1
Hopefully we can see a more prosperous 2023, I think a snap general election might be on the cards. Why? Just so the Tories can sit back and criticise from the sidelines, while Labour try to solve all the problems in the economy and the country as whole that the Tories have created over the last 12 years and as soon as they can't fix them all the press will be all over Labour and the Tories can sneak back in to f**k it all up again. |
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Post by martinshrew on Dec 26, 2022 22:59:53 GMT 1
Hopefully we can see a more prosperous 2023, I think a snap general election might be on the cards. Why? Just so the Tories can sit back and criticise from the sidelines, while Labour try to solve all the problems in the economy and the country as whole that the Tories have created over the last 12 years and as soon as they can't fix them all the press will be all over Labour and the Tories can sneak back in to f**k it all up again. I genuinely think they'll drop it on Labour, tactically. |
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Post by edgmond on Dec 27, 2022 12:26:20 GMT 1
Why? Just so the Tories can sit back and criticise from the sidelines, while Labour try to solve all the problems in the economy and the country as whole that the Tories have created over the last 12 years and as soon as they can't fix them all the press will be all over Labour and the Tories can sneak back in to f**k it all up again. I genuinely think they'll drop it on Labour, tactically. If Labour replicates the 1997 landslide, it will be good for at least two terms which might be enough to start sorting out the mess. Whilst there are divisions within the party, it is light years away from the factionalism and back-stabbing which characterises the Tory party so there would be more focus and stability. Having said that, I doubt if Starmer is the leader for the long term. I would like to see someone bold enough to deal with the disastrous Brexit ‘experiment’ rather than being afraid of upsetting the redwallers (not to imply rejoining the EU fully, but at least the Single Market) and to move towards PR so that the government of the country better reflects the views of the majority of the electorate. Yvette Cooper or Wes Streeting maybe? The question is, could Labour change leaders without causing the chaos and divisions we have seen over the last twelve months? |
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Post by staffordshrew on Dec 27, 2022 14:03:41 GMT 1
The sooner we are rid of a Tory government the sooner things can start to move forward.
We need a government for the country, not one focussed on trying to keep a broken Tory party together.
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Post by stuttgartershrew on Dec 29, 2022 11:55:24 GMT 1
Why? Just so the Tories can sit back and criticise from the sidelines, while Labour try to solve all the problems in the economy and the country as whole that the Tories have created over the last 12 years and as soon as they can't fix them all the press will be all over Labour and the Tories can sneak back in to f**k it all up again. I genuinely think they'll drop it on Labour, tactically. I suspect there is something in that from one or two within the Tory party but then I doubt Sunak will think the same.  The Tories are in for a loss come the next election anyhow and so the thinking might well be to get it over and done with and start some sort of rebuild ASAP and let Labour get on with trying to run things for a bit, a "see how they like it" as it were. Its easy to be critical of the Tories for sure but I will say and continue to say that I doubt anyone has had to deal with such issues (in peace time) on such a scale as they have done in recent years with Brexit, the pandemic and war in Europe. Its been difficult times and the repercussions are to be felt for sometime yet. In addition to that I suspect we might see Labour flare things up further in the so call "culture wars" which I think will be interesting too (in how that will continue to impact politics). I mean we are seeing an example of that in Scotland at the moment. |
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Post by staffordshrew on Dec 29, 2022 12:11:21 GMT 1
If the Tories had not inflicted austerity on us then our whole infrastructure would have been in a better place, more ready to cope. The Tories have been a disaster from day 1 and nothing, absolutely nothing, is going to be left in a better state after they have been removed from office. Their removal from office cannot come soon enough.
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Post by frankwellshrews on Dec 29, 2022 12:30:43 GMT 1
Why? Just so the Tories can sit back and criticise from the sidelines, while Labour try to solve all the problems in the economy and the country as whole that the Tories have created over the last 12 years and as soon as they can't fix them all the press will be all over Labour and the Tories can sneak back in to f**k it all up again. I genuinely think they'll drop it on Labour, tactically. This would be yet another in a long line of huge unforced errors. A 2023 GE would be a once in a generation wipe out for the Conservatives that will take a decade or more to recover from. That will give Labour time to navigate the choppy waters they've been left with and start to turn things around. I sincerely hope this does happen but believe, judging by his hermit like style, Sunak has been given the brief to cling on for dear life and try his level best to keep out of trouble (already failed) till 2024 and hope for a miracle. |
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Post by northwestman on Dec 29, 2022 13:30:43 GMT 1
I just wish that Starmer would drop the self interest in maintaining the existing electoral system and grasp the nettle of proportional representation.
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Post by martinshrew on Dec 29, 2022 15:21:46 GMT 1
I just wish that Starmer would drop the self interest in maintaining the existing electoral system and grasp the nettle of proportional representation. Why would he? Him and his lot will be as self serving as the rest of them. |
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Post by zenfootball2 on Jan 28, 2023 20:12:21 GMT 1
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Post by staffordshrew on Jan 28, 2023 21:28:10 GMT 1
Funny how papers ike the Express now tell us we are worse off because we are not part of this or that European initiative? I'm sure their stance was much different when we had the Brexit vote?
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Post by Deleted on Jan 31, 2023 18:07:40 GMT 1
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Post by staffordshrew on Feb 1, 2023 12:28:19 GMT 1
Great Britain is in a hell of a mess. Today thousands of decent, hard working, people are out on strike. Imagine the negative effect on growth that the current mood amongst workers is having, most people seem completelty cheesed off. Even the CBI bemoan the lack of forward planning.
Did we absolutely have to have a half percent bank rate increase wouldn't quarter percent have done the job?
The country seems to be rudderless. |
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mcrshrew
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Post by mcrshrew on Feb 4, 2023 21:48:58 GMT 1
I genuinely think they'll drop it on Labour, tactically. This would be yet another in a long line of huge unforced errors. A 2023 GE would be a once in a generation wipe out for the Conservatives that will take a decade or more to recover from. That will give Labour time to navigate the choppy waters they've been left with and start to turn things around. I sincerely hope this does happen but believe, judging by his hermit like style, Sunak has been given the brief to cling on for dear life and try his level best to keep out of trouble (already failed) till 2024 and hope for a miracle. I was going to try to combat this with the 'Shy Tory' polling phenomenon (Conservatives doing better in elections than opinion polls) but then I looked at the Shy Tory Wiki entry and found that it was used to describe the 1992 elections (Conservatives did about 4% better than had been polled).The gap between Conservative and Labour is currently 25%! Think they'll need more than a good electoral campaign and Keir Starmer smearing a bacon sandwich on his face to turn that around. |
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Post by stuttgartershrew on Feb 9, 2023 13:02:50 GMT 1
Another think tank, another prediction. Really is difficult to know who and what to believe... UK economy likely to avoid recession - think tank
...as it seems they don't have the best of records. As it states in the linked article... Economic forecasters are not always right when it comes to predicting the future. For example, the IMF's forecasts have picked up fewer than 10% of recessions a year ahead of time, according to an analysis it conducted of recessions around the world between 1992 and 2014. |
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Post by staffordshrew on Feb 11, 2023 12:47:48 GMT 1
Forget the predictions, look at the results. Fact is that due to Austerity and Brexit we are all now worse off. How did they manage to sell us those stupid ideas?
To fix social care, get those 40 promised hospitals built, etc. we need growth, a thriving economy. Industry investment and productivity growth is just not being given the leadership it needs. The government has been too bury tearing itself apart and now, with probably only just over a year left, doesn't seem to be bothered about future strategies anynore.
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The Tories are in for a loss come the next election anyhow and so the thinking might well be to get it over and done with and start some sort of rebuild ASAP and let Labour get on with trying to run things for a bit, a "see how they like it" as it were. Its easy to be critical of the Tories for sure but I will say and continue to say that I doubt anyone has had to deal with such issues (in peace time) on such a scale as they have done in recent years with Brexit, the pandemic and war in Europe. Its been difficult times and the repercussions are to be felt for sometime yet. 
