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Thread: UK Budget Day 2013

  1. #1
    Politics.ie Member Sync's Avatar
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    Default UK Budget Day 2013

    Today is the day George Osborne's looking to cast off his millionaire background and set himself as a man of the people. Or something.

    There are some expected outcomes from today, however much of the real fun will occur in June when the expected cuts he's going to announce today actually get set out by his cabinet colleagues.

    George Osborne's 2013 budget to bring tax relief for lower income workers | UK news | The Guardian

    Expected headlines:
    1. Tax Free Allowance to be moved to 10,000 (A big big win for the LibDems)
    2. 2.5 billion extra for capital projects
    3. Fuel Duty increase either postponed or scrapped.
    4. 2% cuts accross most Govt Depts.
    5. Expansion of the plan helping people get on the property ladder.

    And that seems to be it. This isn't going to be revolutionary at all, and it will be interesting to see what the reaction is.

    At the moment there's a chronic shortage of confidence in Osborne held by everyone who's not David Cameron.

    He set 4 objectives
    1. Maintain the AAA rating (Seriously, can someone tell me why outside of vanity?)
    2. Cut the deficit
    3. Cut borrowing
    4. Reducing the debt
    5. Increasing growth.

    They have failed every single one of these. It really is time he started listening to Vince Cable.
    I'm living in America, and in America, you're on your own. America's not a country. It's just a business. Now f***ing pay me.

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    I'm no fan of Gideon, man of the people,

    but Vince is an even bigger fool,


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    and what is ed balls solution to just throw money at problems and get the uk into further debt.

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    Quote Originally Posted by devoutcapitalist View Post
    and what is ed balls solution to just throw money at problems and get the uk into further debt.
    Yes, the Labour position is that they criticise the govt for increasing the deficit, and than say that if they got into power they would borrow even more,

    The UK had an empire once, right?


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    Politics.ie Member Sync's Avatar
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    Quote Originally Posted by devoutcapitalist View Post
    and what is ed balls solution to just throw money at problems and get the uk into further debt.
    I don't agree with Balls, but if this keeps up he's going to get a shot eventually. There's simply no counter argument to claims that Osborne has failed at every level.
    I'm living in America, and in America, you're on your own. America's not a country. It's just a business. Now f***ing pay me.

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    Politics.ie Member Kevin Parlon's Avatar
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    Quote Originally Posted by Sync View Post
    I don't agree with Balls, but if this keeps up he's going to get a shot eventually. There's simply no counter argument to claims that Osborne has failed at every level.
    Putting the welfare genie back in the bottle is going to take generations. And it will take a lot of balls (the non Labour kind of course) to achieve it. It isn't called the European Debt Crisis for nothing. The welfare cap was a great start.
    "It is amazing how many people think that they can answer an argument by attributing bad motives to those who disagree with them." - Thomas Sowell

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    He joined Twitter this morning,

    @George_Osborne

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    I am surprised that there isn't more activity on this thread......Anyway, Osborne has just announced that in April 2015 the UK corporation tax rate will be lowered to 20%, thus narrowing the gap with our 12.5% rate. Will this have any effect on Ireland?

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    Politics.ie Member Rufty's Avatar
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    Did I hear right? Tax credits for fracking? Bad, bad, bad move Tories.

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    Quote Originally Posted by Rufty View Post
    Did I hear right? Tax credits for fracking? Bad, bad, bad move Tories.
    Well, that's the sort of thing Tories generally like; unless, of course, it affects the countryside.

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