Did they? I thought the nigh on £trillion debt that we are paying interest on was created under the previous tory government!! I remember my mortgage going up on a regular basis during those fourteen years of austerity, along with my bills for food, heating and general living expenses. You obviously lived in a cacoon during those fourteen years and have just come out in the last seven months!!
@ yes the Tories were very bad. We disliked them. But they have been replaced with even worse The economy will crash very soon. Already the IMF is going to take over. Also next week our gas might run out completely. Ed Miliband is a crazy man who even looks off his head. But still this Harmer lets him freeze us to death.
In my 77 years on this planet I have always been worse off under a Liebour government as a working man. Nothing has changed as a pensioner. My only consolation is all the dumb people who voted Liebour are also going to be worse off. One thing I am sure of is Liebour will be in the political wilderness for at least 20 years after the next election.
@roblloyd1879 I am 70 and agree I have never seen any thing as bad as this at least in the War they had HOPE we have nothing. But once in the wilderness it will be far more than 20yrs if ever again.
@ I’m 78 and like you I’ve never experienced a Government as bad as this one! Labour are always Boom and Bust and Tax to the Hilt but this one seems to want to totally Destroy Britain
@X5493-c7p this is going to take years to recover from. Every liebour govt fails. But no govt has ever lied and has Fkd up to the magnitude of Starmerism.
He’s caused most of it billions on foreign aid and illegal immigration pay rise for train drivers junior doctors civil servants now and paying for protection for the Muslim communities as of few days ago on considering they’ve stopped winter fuel payments f***** up the farmers and businesses small when the buisness tax and insurance hikes start in April they can claim they need to save money to,plug this invisable black hole yet there flashing the cash and spending this that and other on foreign aid illegal immigration pay rise for train drivers junior doctors now civil servants and a donation to the Muslim communities to protect help them
Not true. Out of more than 50 years working - 10 years in the public sector, and 40-odd years in the private sector, I found the good , the bad and the ugly employed in both sectors.
@@Moodyblue-o9n: True, however, it has always been easier for private sector companies to dismiss the lazy and incompetent, because of the effect those not pulling their weight, ultimately have on quality and profits! In the public sector the same indolence and incompetence just gets shuffled around, others take up some of the slack, the best leave, and nothing improves, failure in the private sector means the company goes under, in the public sector they just grind on, and the people they serve, us, suffer!
So you don't think that fourteen years of sleaze, corruption and austerity under the Tories brought the country to its knees then? A trillion pounds in debt, record soup kitchens and food banks, the NHS near breaking point, the prison service on its knees, the lowest level of army personnel since the days of the Napolianic wars, the police force so understaffed they were forced to grade crimes in order to investigate the more serious ones!! I could go on and on and on about the absolute mess this government is trying to clear up, but what's the point? You believe all the right wing media BS that is coming out and follow like sheep. Thank goodness that they were voted out and we now have a government that is making decisions, not for the party and votes, but for the country!! 🇬🇧🇬🇧
I saw this one coming as soon as the election was announced, and Labour was predicted to win. I immediately renewed my fixed rate mortgage deal, knowing that things would only get worse under Labour. They think you can tax an economy into growth. Labour always try to increase overall tax revenues by taxing an existing economy more which stunts any growth then eventually shrinks the economy and actually brings in less overall tax revenues. The opposite of their actual starting aim. An economy doesn't work like that. You get more overall tax revenues by actually lowering taxes which encourages more economic growth. You then tax that economic growth that happens. A business which pays lower tax rates than before is likely to use that extra money to expand operations, hire more workers, invest in product development etc which grows the overall economy leading to those higher overall tax revenues in the long term. With Labour putting up taxes on everything, that is passed onto the consumer in price rises (inflation). To combat that increased inflation the BOE will soon start putting up interest rates. Then we will be in real trouble. Recession is coming.
She overspent £4,000 on her Parliamentary Credit Card, which she wasn't paying off, and on "unauthorised purchases". She should have been SACKED for that alone!🙈👎🤬
We’ve nothing to spend anymore. Bills are killing us. Our pensions are crashing. Now I hear they’re coming for more. Is there nobody with influence that can get these unqualified glorified students out of power? Things are getting very desperate now. This labour lot belong in jail.
Well said John Redwood. I'm not sure that your interviewer fully understood your accurate explanation of the situation past and present. More's the pity , for the current shower in charge couldn't run a corner shop profitably, let alone a Country sadly.
Wait till unemployment increases and that will reduce taxes collected and stall a lot of business opportunities that need sutsainability to project forward. Labour kicked off from day one in government with doom and gloom perspective and since have not got a viable look forward.
I hate when the government keeps borrowing money that's not theirs and rely on the working people to pay it off, stop spending money that's not yours, if you want to travel around the world then use your own wage, heating your house and so many of them use your own money, send money aboard use your group funds not tax payers money, getting sick and tired with all the year's now
Think it’s time for a minimum IQ for our politicians These people are out of their depths Some of these people must be DEI choices We need professional behaviour & people with ability I closed my business because it’s not worth the effort To much paperwork to do for the government & tax burden to great Unfortunately it’s was easier to shut
The biggest cost of that Liz Truss budget was the energy price guarantee which all the opposition parties were begging for, yet it was the 45p tax cut which effectively ended her tenure
They came into office with no vision. When Darren Jones speaks you have to look at his lack of economic credentials and whether the markets taking any notice of what he saying, they don’t seem to be. Arguing about who might have crashed the economy is a bit immaterial now as the market are slowly moving into a negative mode when it comes to the UK ecomonic outlook.
Labour talked the economy down. I'm sure I don't need to remind people about the mythical £22 billion black hole. Is it any surprise that there are problems as a result of this last October budget. Confidence is all but gone.
The problem UK doesn't have much leg room. Their borrowing is crazy high and on top of that their spending is also more then their budget. If they borrow more they crash the economy, increasing taxes cripples growth and does way more harm them growth. Then 1 option is to reduce spending its going to effect the voter base of tory and Labour. It will effect the welfare program specifically ppl on benefit. Both parties are scared to bring a change in that. Very tight situation no matter tories or Labour
We have borrowed more money = more risk = higer interest rate + inflation . Big tax = Higher unemployment + no growth. No growth = £ down Bad Budget = everything goes the wrong.
“The inherent vice of capitalism is the unequal sharing of blessings. The inherent virtue of Socialism is the equal sharing of miseries.” -House of Commons, 22 October 1945.
It's worrying when economic instability sets in the last resort is to steal personal finances i.e pensions to fed the growing downward spiral of bankruptcy. Pensions are never mentioned ìn economic in such circumstances.
Call me stupid but raising taxes always does this, try lowering them & cutting spending on foreign aid. People will have more money & the markets will improve. Also ditch Net Zero, it doesn't & will never work in the current economy.
I remember five years ago when borrowing went through the roof to keep us at home doing nothing,the view was it was all fine because borrowing rates were low. Well we still have that debt.
By the end of this year we’re going to absolutely rocked by the amount of job losses Minimum wage going up! Will put half those out of work An MIT study suggests that 30% of the world’s working population will be jobless by 2030 It’s going to be BAD
The UK Economy has been broken for 10 years and does definately need fixing. After the self harm of Brexit reduced trade with our nearest market we now need to promote trade with other markets like China. Gilts are going up all over the globe with the US at the forefront while other countries follow.
The only thing we should be talking about is getting Liebour OUT before they cause any more damage!!
The Chinese can keep . Rachel Reeves. The people of the UK don't want her back
No, only a section of the people, the right wing sheep and the Deform followers would say that.
Surely, the government should go back on all their changes that people never voted for ?.
Labour caused this misery for the country. They must go asap.
Did they? I thought the nigh on £trillion debt that we are paying interest on was created under the previous tory government!!
I remember my mortgage going up on a regular basis during those fourteen years of austerity, along with my bills for food, heating and general living expenses.
You obviously lived in a cacoon during those fourteen years and have just come out in the last seven months!!
@ yes the Tories were very bad. We disliked them. But they have been replaced with even worse
The economy will crash very soon. Already the IMF is going to take over.
Also next week our gas might run out completely. Ed Miliband is a crazy man who even looks off his head.
But still this Harmer lets him freeze us to death.
The debt you are on about is because Labour borrowing and printing money when last in power Socialism doesn't work
Maybe stop all foreign aid and stop paying France for stopping the boats because that clearly is not working.
In my 77 years on this planet I have always been worse off under a Liebour government as a working man. Nothing has changed as a pensioner. My only consolation is all the dumb people who voted Liebour are also going to be worse off. One thing I am sure of is Liebour will be in the political wilderness for at least 20 years after the next election.
Same here
Oh they’ll still be in power in five years time and if I explain how this post will be deleted
@ probably but only because they won’t call a GE as they know they will get hammered even worse than the Tories
@roblloyd1879 I am 70 and agree I have never seen any thing as bad as this at least in the War they had HOPE we have nothing. But once in the wilderness it will be far more than 20yrs if ever again.
@ I’m 78 and like you I’ve never experienced a Government as bad as this one! Labour are always Boom and Bust and Tax to the Hilt but this one seems to want to totally Destroy Britain
It's all down to government incompetence of all flavours
Why are they protecting energy companies and allowing them to fleece us
The Net Zero scammers need to be put on trial and their finances put under forensic audits, including offshore accounts.
But starmer said his govt was fully costed and fully funded .... so why is he borrowing ....
There is no 22bill black hole ....
They lied
@X5493-c7p this is going to take years to recover from. Every liebour govt fails. But no govt has ever lied and has Fkd up to the magnitude of Starmerism.
He’s caused most of it billions on foreign aid and illegal immigration pay rise for train drivers junior doctors civil servants now and paying for protection for the Muslim communities as of few days ago on considering they’ve stopped winter fuel payments f***** up the farmers and businesses small when the buisness tax and insurance hikes start in April they can claim they need to save money to,plug this invisable black hole yet there flashing the cash and spending this that and other on foreign aid illegal immigration pay rise for train drivers junior doctors now civil servants and a donation to the Muslim communities to protect help them
I agree there was never a 22billion black hole.
There never was
Short of food , short of gas, short of heating , and above all short of patience, get out the lot of you
The only areas that COST MORE & DO LESS are the PUBLIC SECTOR SERVICE WORKERS!😊
Not true. Out of more than 50 years working - 10 years in the public sector, and 40-odd years in the private sector, I found the good , the bad and the ugly employed in both sectors.
@@Moodyblue-o9n: True, however, it has always been easier for private sector companies to dismiss the lazy and incompetent, because of the effect those not pulling their weight, ultimately have on quality and profits! In the public sector the same indolence and incompetence just gets shuffled around, others take up some of the slack, the best leave, and nothing improves, failure in the private sector means the company goes under, in the public sector they just grind on, and the people they serve, us, suffer!
@@howardjones7370true!
Rishi Sunak said all the time we will be all be £2000 worse off under LieLabour. It's going to be much more than that !
She mustnt be allowed to cripple small farming businesses either as the price of food will soar.
Same old same thing under labour bringing uk to its knees the party needs to go ASAP
So you don't think that fourteen years of sleaze, corruption and austerity under the Tories brought the country to its knees then?
A trillion pounds in debt, record soup kitchens and food banks, the NHS near breaking point, the prison service on its knees, the lowest level of army personnel since the days of the Napolianic wars, the police force so understaffed they were forced to grade crimes in order to investigate the more serious ones!!
I could go on and on and on about the absolute mess this government is trying to clear up, but what's the point?
You believe all the right wing media BS that is coming out and follow like sheep.
Thank goodness that they were voted out and we now have a government that is making decisions, not for the party and votes, but for the country!! 🇬🇧🇬🇧
We all know what needs to be done but it won’t get done 😡😡😡
I saw this one coming as soon as the election was announced, and Labour was predicted to win. I immediately renewed my fixed rate mortgage deal, knowing that things would only get worse under Labour. They think you can tax an economy into growth.
Labour always try to increase overall tax revenues by taxing an existing economy more which stunts any growth then eventually shrinks the economy and actually brings in less overall tax revenues. The opposite of their actual starting aim.
An economy doesn't work like that.
You get more overall tax revenues by actually lowering taxes which encourages more economic growth. You then tax that economic growth that happens.
A business which pays lower tax rates than before is likely to use that extra money to expand operations, hire more workers, invest in product development etc which grows the overall economy leading to those higher overall tax revenues in the long term.
With Labour putting up taxes on everything, that is passed onto the consumer in price rises (inflation). To combat that increased inflation the BOE will soon start putting up interest rates.
Then we will be in real trouble. Recession is coming.
How are they going to get thousands thousands of sick disabled people into work
how did she get into these positions, she can’t even speak properly ? And didn’t she have a Parliamentary credit card taken away or some reason ?
She even lied on her CV, but MSM doesn't report on it. How and why would u lie about your CV.
She overspent £4,000 on her Parliamentary Credit Card, which she wasn't paying off, and on "unauthorised purchases". She should have been SACKED for that alone!🙈👎🤬
@@ruthcollins2841 I would suggest that causing a recession is a worse crime.
Get these bunch of clowns out.
She got there on her back....😂😂😂
More taxes means less money in people’s pockets therefore less spending, therefore the economy suffers.
From cashing your checks to crashing the economy 😂😂😂😂
Cheques
Liebour will never be voted in again!!
why are Labour not being held accountable and facing justice R.R lied and is not qualified to be working with the countries finances
Join Reform, Vote Reform. 🇬🇧🦁🇬🇧
We’ve nothing to spend anymore. Bills are killing us. Our pensions are crashing. Now I hear they’re coming for more. Is there nobody with influence that can get these unqualified glorified students out of power? Things are getting very desperate now. This labour lot belong in jail.
Well said John Redwood. I'm not sure that your interviewer fully understood your accurate explanation of the situation past and present. More's the pity , for the current shower in charge couldn't run a corner shop profitably, let alone a Country sadly.
Wait till unemployment increases and that will reduce taxes collected and stall a lot of business opportunities that need sutsainability to project forward. Labour kicked off from day one in government with doom and gloom perspective and since have not got a viable look forward.
Reeves urging the markets to calm will be as effective as one person with a small bucket of water fighting the LA fires
I hate when the government keeps borrowing money that's not theirs and rely on the working people to pay it off, stop spending money that's not yours, if you want to travel around the world then use your own wage, heating your house and so many of them use your own money, send money aboard use your group funds not tax payers money, getting sick and tired with all the year's now
I will remain a fan of Liz Truss compared to these clowns.
It makes no difference if Reeves is replaced, the whole Labour front bench are thick as mince
I agree with liz❤
She was very common sense speaking
Totally right
Just turning the corner
Until these zombies governments labour took over
Clowns
She maxed out her credit card again
Think it’s time for a minimum IQ for our politicians
These people are out of their depths
Some of these people must be DEI choices
We need professional behaviour & people with ability
I closed my business because it’s not worth the effort
To much paperwork to do for the government & tax burden to great
Unfortunately it’s was easier to shut
I guess it's a good job she has complaint experience from her time as an economist complaint handler
Totally
The more money you borrow the more interest you’ll have to pay back
It’s like a credit card
you will be paying the interest back for years
We all know higher TAX = lower growth = cut staffing & stop investment.
Burnham has something to hide.. a limited inquiry?
The biggest cost of that Liz Truss budget was the energy price guarantee which all the opposition parties were begging for, yet it was the 45p tax cut which effectively ended her tenure
Kenneth Williams got it right!!!
They came into office with no vision. When Darren Jones speaks you have to look at his lack of economic credentials and whether the markets taking any notice of what he saying, they don’t seem to be. Arguing about who might have crashed the economy is a bit immaterial now as the market are slowly moving into a negative mode when it comes to the UK ecomonic outlook.
Its building and its not going to end well for England
Labour talked the economy down. I'm sure I don't need to remind people about the mythical £22 billion black hole.
Is it any surprise that there are problems as a result of this last October budget. Confidence is all but gone.
The problem UK doesn't have much leg room. Their borrowing is crazy high and on top of that their spending is also more then their budget. If they borrow more they crash the economy, increasing taxes cripples growth and does way more harm them growth. Then 1 option is to reduce spending its going to effect the voter base of tory and Labour. It will effect the welfare program specifically ppl on benefit. Both parties are scared to bring a change in that. Very tight situation no matter tories or Labour
We have borrowed more money = more risk = higer interest rate + inflation . Big tax = Higher unemployment + no growth.
No growth = £ down
Bad Budget = everything goes the wrong.
The reality of socialism must bear it's fruits and we are getting poorer
“The inherent vice of capitalism is the unequal sharing of blessings. The inherent virtue of Socialism is the equal sharing of miseries.” -House of Commons, 22 October 1945.
It's worrying when economic instability sets in the last resort is to steal personal finances i.e pensions to fed the growing downward spiral of bankruptcy. Pensions are never mentioned ìn economic in such circumstances.
Rachel from accounts, has a new toy. It's a wrecking Ball.. don't worry, she's going to, "fix the foundations"
Maybe don't give billions of pounds away to other countries for b*******
Limited inquiry? Means a cover up.
National Rail etc
Hotel sector rising nicely.
Get someone who is competent DEFINITELY NOT RACHEL REEVES
Call me stupid but raising taxes always does this, try lowering them & cutting spending on foreign aid.
People will have more money & the markets will improve.
Also ditch Net Zero, it doesn't & will never work in the current economy.
Gotta pick a pocket or two, labour's true manifesto.
Very odd
Just retired
Need a Morgage to live
Normal
Ps
House bills like having a Morgage again
And tax on pensions
Very odd
All blame should go to those who believe solution to all problems is keep taxing the business and rich ppl.
I remember five years ago when borrowing went through the roof to keep us at home doing nothing,the view was it was all fine because borrowing rates were low. Well we still have that debt.
Im your age 😊 been kept down under the thumb of all the governments lol
I could be losing my job because of hard choices by the goverment. Great.
the trouble is whoever follows liebor has the mess to put right for years after
No, not discipline, PRISON!
By the end of this year we’re going to absolutely rocked by the amount of job losses
Minimum wage going up! Will put half those out of work
An MIT study suggests that 30% of the world’s working population will be jobless by 2030
It’s going to be BAD
i quite like the spelling out of the market system by Sir John. think this might b the way 2 go 4 the Conservatives, with respect???
Welcome to labour austerity
The UK Economy has been broken for 10 years and does definately need fixing. After the self harm of Brexit reduced trade with our nearest market we now need to promote trade with other markets like China. Gilts are going up all over the globe with the US at the forefront while other countries follow.
Just remember what happened to BARAINGS when Nick Leeson who was a filing clerk told the bank he was a trader