Westminster Politics 2024-2029

[Frosty]

Chancellor Rachel Reeves tells the BBC there "won't be a return to austerity", despite her warnings about the public finances

Reeves was pressed on her "doom and gloom" message since taking office - and if she was repeating the "austerity" policies of the 2010 Conservative-Liberal Democrat government

She insists there will be "real terms increases to government spending in this Parliament"

From the BBC liveblog

 

[M16Red]

Chancellor Rachel Reeves tells the BBC there "won't be a return to austerity", despite her warnings about the public finances

Reeves was pressed on her "doom and gloom" message since taking office - and if she was repeating the "austerity" policies of the 2010 Conservative-Liberal Democrat government

She insists there will be "real terms increases to government spending in this Parliament"

From the BBC liveblog

Yep, makes perfect sense.

The national debt – the sum total of every deficit – rose by 4.3 percentage points during the year to August to 100% of GDP

 

[Jericholyte2]

Renters right's is certainly interesting but it depends on how it would be done.

Rental control is a no-no however. Berlin tried it and it ended in disaster. What happened was rents got forcibly dropped by around 10-30% (up to 40% in some cases) and supply of housing dropped by 18%.

Then, the forced decrease in rent caused a 39% spike in 6 months of people seeking rentals. People who were previously living in suburbs and commuting, decided that the price was worth it now.

You had cases of 60 people turning up in 1 day to view a 600 euro a month studio in Alexanderplatz and it was run on pure luck and 'vibes' as to who would get it because trying to outbid the other potential tenants was now practically illegal.

Then the whole thing got axed because it was deemed unconstitutional by the courts.

Germany has stricter rent control at the federal government level than the UK does (Read: None existence practically) but rent in itself isn't a problem as much as it is in the UK because the UK is so London centric whereas Germany has lots of widespread economic centres (Berlin, Munich, Hamburg, Dortmund, Stuggart, Frankfurt, Dusseldorf etc)

Rent seems to be an issue only in London too, you can rent a 2 bed penthouse in Castlefield for the same you pay for a shitty bedroom in central London. The cost of a 1 bed in Zone 2 London is the same as said penthouse in the middle of Manchester.

I don't even think the 'main' issue is renter per-say, it's the movement of traffic from traditional renting to short term lets like Air B'n'B. People are seeing that they can make 2, 3, 4 times their monthly income in seasonal Air B'n'B rather than a long term rental, which mean that the long-term rental market is shrinking, hence higher prices.

 

[AfonsoAlves]

Yep, makes perfect sense.

The national debt – the sum total of every deficit – rose by 4.3 percentage points during the year to August to 100% of GDP

%100 of GDP isn't that bad and is easily fixable if there is political will to do so.

 

[Nogbadthebad]

Just a little extra sidenote on the clothes for access and why it matters. If rich people are able to decide who gets to be a candidate for office, they control election outcomes, and democracy has no tangible meaning at all.

 

[Jericholyte2]

Just a little extra sidenote on the clothes for access and why it matters. If rich people are able to decide who gets to be a candidate for office, they control election outcomes, and democracy has no tangible meaning at all.

So good to know the media are piling in on the death of democracy (if that's true then it does, absolutely, need investigating) and not at all about this...
(the hastags are cringey AF but that's not the point of the tweet)

 

[Kinsella]

%100 of GDP isn't that bad and is easily fixable if there is political will to do so.

National debt forecast to treble over next 50 years​

https://www.bbc.co.uk/news/articles/cewlwkg82ggo

 

[M16Red]

Just a little extra sidenote on the clothes for access and why it matters. If rich people are able to decide who gets to be a candidate for office, they control election outcomes, and democracy has no tangible meaning at all.

 

[AfonsoAlves]

National debt forecast to treble over next 50 years​

https://www.bbc.co.uk/news/articles/cewlwkg82ggo

How on earth can someone forecast 50 years of public debt.

I remember reading 2005 gdp predictions and they were all hilariously off.

 

[Frosty]

How on earth can someone forecast 50 years of public debt.

I remember reading 2005 gdp predictions and they were all hilariously off.

To be fair to the authors, they based this off predictions and trends and mentioned that in the report (e.g. if the population ages and trade falls etc, then this could happen)

 

[Jericholyte2]

Well that's cold!

 

[Smores]

Yep, makes perfect sense.

The national debt – the sum total of every deficit – rose by 4.3 percentage points during the year to August to 100% of GDP

And your point is what exactly? What should it be?

 

[Badunk]

%100 of GDP isn't that bad and is easily fixable if there is political will to do so.

We'll just cancel Netflix and cut down on the avocado on toast and we'll be grand.

 

[Idxomer]

 

[Sweet Square]

 

[Sweet Square]

 

[AfonsoAlves]

Japans national debt is almost 300% and it’s not a problem

 

[M16Red]

And your point is what exactly? What should it be?

Well we've not been at that rate since the 1960,

Official figures show that borrowing - the difference between spending and tax revenue - reached £13.7bn last month, £3.3bn more than in August last year.

This is Labour borrowing, they say no austerity - which in turn means the worst is to come.

 

[M16Red]

Japans national debt is almost 300% and it’s not a problem

254%

 

[Jippy]

Japans national debt is almost 300% and it’s not a problem

Japan is tentatively emerging from a 30 year economic downspiral, so is hardly a model to emulate.

 

[Sweet Square]

 

[thisisnottaken1]

The worst thing is that this is only going to push more people towards Reform UK and that toerag Farage - who are absolutely not going to fix anything at all either and will make things even worse.

 

[Sweet Square]

“Just like giving to charity”

 

[Nogbadthebad]

They are so, so bad at politics. Real politics, not the leaking bull to their journalist mates to stir shite.

That is the only skill most of these guys have.

WHich is why they are collapsing like a bad souffle now that those journalists are mildly pushing back on them.

 

[Sweet Square]

Change!

 

[Bert_]

Well we've not been at that rate since the 1960,

Official figures show that borrowing - the difference between spending and tax revenue - reached £13.7bn last month, £3.3bn more than in August last year.

This is Labour borrowing, they say no austerity - which in turn means the worst is to come.

It's the borrowing the Tories did which makes up that figure. Feck all to do with Labour. The figure well might increase but the current debt level is all on the Tories.

Anyway, due to the severe lack of investment in infrastructure, services and the general needs of the country in the past 15 years, we need to spend a feck ton of money to fix it. If we don't fix it, we're never going to achieve the productivity necessary to achieve a surplus, assuming that is the goal of whoever is bemoaning the debt levels. Chasing a surplus is a stupid goal anyway and counterproductive for a government working towards the benefit of it's citizens.

 

[Sweet Square]

They are so, so bad at politics. Real politics, not the leaking bull to their journalist mates to stir shite.

That is the only skill most of these guys have.

WHich is why they are collapsing like a bad souffle now that those journalists are mildly pushing back on them.

Yep. I would do it again doesn’t seem to be the smartest line.



They also think declaring it somehow means it isn’t bad.

 

[thisisnottaken1]

“Just like giving to charity”

I fecking hate Streeting.

 

[Balljy]

Yep. I would do it again doesn’t seem to be the smartest line.



They also think declaring it somehow means it isn’t bad.

The disconnect of not understanding why an MP might be offered a "perk" and failing to see the message it sends is amazing.

 

[Sweet Square]

I fecking hate Streeting.

He is the worse one by some distance. Right wingers who grew up working class tend to be some of the most reactionary.

The disconnect of not understanding why an MP might be offered a "perk" and failing to see the message it sends is amazing.

Can almost see the journalists eyes light and as the labour mp’s genuinely don’t seem to understand how awful it looks.

Also the MP’s don’t understand the person giving the “perk” might be trying to influence them.

 

[Sweet Square]

Spoiler

 

[DanH]

Oooh the strangulation

 

[Nogbadthebad]

And here is why it all matters, again.

 

[Giggsyking]

And here is why it all matters, again.

Not only corrupt, but also cheap.

 

[UnrelatedPsuedo]

Assaulted and strangled. Fcuk all the way off.

Good on the lad for standing up to speak his truth. I’m with him. I’d be doing the same if I wasn’t ancient with a bulging disc in my neck.

But it’s hysterical to call that assault and strangulation. Fcuking childish. (Obvs it wasn’t you).

 

[DanH]

And here is why it all matters, again.

At least we know Novara Media won't jump to unsubstantiated conclusions.

https://novaramedia.com/notice/gary-and-jack-lubner-apology/

 

[The Purley King]

Not only corrupt, but also cheap.

This puts bribery in the purview of the common man!!

 

[nickm]

Japans national debt is almost 300% and it’s not a problem

For them, not necessarily for us. It's partly because of how they are able to finance it:

The Japanese govt is able to borrow super cheaply because they are able to keep interest rates super low and Japanese citizens tend to buy the bonds as well. So the costs of servicing that debt is relatively low. In the UK, we need to go to the markets and pay at or above the going rate, and work hard to maintain confidence (which Liz Truss did not).

 

[Ultimate Grib]

And here is why it all matters, again.

You're fecking kidding right

You really think they ditched a policy to increase the tax because they got a couple of tickets for Glasto

This was ditched over a year ago before they were even tipped for government and it was because it was seen as a tax on the US and could have instigated a trade war with them taxing British exports in retaliation.

https://www.thetimes.com/business-m...ig-tech-amid-fear-of-us-retaliation-j5xcm6j3v

 

[mitChley]

The Universities 'situation' continues to bubble under the surface.

UK students fees still capped and the University I work for have just announced 2000 less international students than last year.

There is without a doubt some efficiencies that could be made across the sector, but I do wonder if we'll see some statements from some of the less financially secure Uni's over the coming few weeks.