Economist picks apart Jeremy Hunt's "silly" Autumn Statement
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- เผยแพร่เมื่อ 31 พ.ค. 2024
- Chief exec of the Resolution Foundation and friendly neighbourhood economist Torsten Bell popped in to JOETowers this week to help us make sense of Jeremy Hunt's Autumn Statement, and broke down why it isn't the big tax giveaway the Tories want you to believe it is.
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Imagine a world where this would be how news and newspapers covered economics
Torsten is always around, he just doesn't get exposure a lot, but is on a lot of websites like Benefits & Work.
If only
It's here. This is it. Alternative media is only gaining market share from here on out.
This is News doing just that. Support it and treat it as official lol.
its called bloomberg
James Acaster really is a man of many talents
😂😂😂
Underrated comment
Mate, get your eyes checked. That's clearly Colin Furze.
He's the bad boy of economics baby
He's taking sobriety well
“The British public are not stupid”
It was all going so well. 😅
Yeah I laughed out loud at that
They are idiots but it doesn't take a genius to see between the lines
Always love an interview with Torsten Bell! Keep up the great work :)
"Biggest tax c*nts since 1988" @1:38 xD
He wasn't wrong there. Rhymes with Hunt
He wasn’t wrong though 😂😂😂
Freudian slip, but very true lol.
I knew I’d heard this
So Freudian... 😂
"in the end the British public are not stupid" - as much as I want to believe this, you could argue that at least half of the populace are impeding progress due to their inability to understand the mixture of issues at hand.
Gullible, I think?
Perhaps many just have no faith in the voting system and new comers to the country have no idea how voting works , hence word salad and Tories , creates apathy not understanding
"Everyone I disagree with is a thicko". How modest.
People learn the hard way or the easy way, the truth is most people don't want to give their time to proactively learn about their nation's politics and so an exercise of hardship is sometimes the best thing a nation can do. If we actually want things to improve then people will become passionate and passionate people reach those who are not actively interested.
The reason why Nigel Farge gets votes is because tries to get across his passion to those not interested and in turn gets their interest, whether you like him or hate him there is a reason why he got votes the less passionate MPs couldn't. And there is a lot of people in the UK who think politics is broken but are waiting for someone to come tell them why instead of spending hours of their time trying to figure it out. And honestly, I can't blame them, why do we elect local MPs if not to engage the local populous, kinda mad when you think about it.
@@0w784g I'm really sorry you feel singled out enough to think I'm describing you or people you know as 'thickos,' but all the evidence at hand points to the fact that there is a serious deficit of understanding. You can take whatever leap you want from that
I read that the Tories have wasted £100 billion in the last 4 years. That is over 150 million pounds for ever constituency in the country.
That's not true, its £150 billion!
And Sunak was Chancellor for most of that time. This was reported in the Mirror, not a left-wing paper.
Then they are threatening the people on Mental Health and disability Benefits ,, which will only make there illness worsen there illness
Given to their friends no doubt. But why any of these non contributors would have any friends is beyond belief. CROOKS.
Just like Man Utd 😂
I'm ok with tax increases if it goes to public services, infrastructure etc. I'm not ok with tax increases if I'm being gas lit in to believing it's a tax cut, or if my increase is being used to subsidize corporate tax cuts, tax on the wealthy etc. just give us a GE ffs
I regret to say our infrastructure is well beyond repair, it's very obvious when traveling through Europe were investment has been made over many years
@@barrybarry6592 *some of Europe. But yes, and a lot of it was subsidised by money spent on public transport by people in the UK.
Calling it "beyond repair" is hyperbolic and defeatist. It's completely knackered now, yes, and it will be for a long time. But plenty of those European countries were in this state a few decades ago too.
I heard a straw poll of people being interviewed in a a radio programme. They all said that they wanted the NHS and other public bodies to be paid for rather than having tax cuts. I know it was only a free people but…..
"GIVE us a GE..."????? The British have no clue what a democracy is!!!!!!!
The UK is servicing debts created for follies such as Tory corruption during 2020-21 & HS2 for example. And that's just the obvious high profile failures that we *know* about as examples.
Paying high taxes for great public services is what a lot of Scandinavian countries do, the results are higher happiness, better health, and much stronger resilience to changing situations.
What makes me laugh is the cost of HS2 at over £100bn and not even finished and going from near London to near Birmingham. The Swiss built the Gotthard Basis Tunnel for about £12bn over 20 years. The longest, deepest tunnel under effing mountains and in the UK we can't even build an effing railway with no geological problems in the Home effing Counties.
Exactly
@@petergaskin1811 Yes, but instead of trying to work out what the problems are and fixing them so we can build infrastructure at a reasonable cost (and enjoy the growth benefits that come with that), we just give up, cancel the project as too expensive saying that's just how it is. Then try another project in another 20 years hoping things will be different but without changing anything that makes building here so expensive.
If Swizerland, with much higher wages than we have here, can do infrastructure much cheaper... These are not insurmountable problems. It might take a long time and cost a lot to rectify in the short term, but the long-term savings would more than make up for it (for future generations... not so much for pensioners).
If we never build new, or completely replace old infrastructure, we'll be stuck with the same old stuff we're already complaining about for being cr@p, and it will never get any better. Meanwhile the difference between us and the rest of Europe will continue to grow till they look at us like some kind of 3rd world (or at least 2nd world) nation.
£700 billion has been milked away to mostly the rich since the start of the pandemic watch Gary Stevenson another economist
@@sergarlantyrell7847 I agree with the sentiment of your comment but we have to be aware that Tory expenditure means that for example of the £71bn spent (£33bn initially budgeted, £107bn estimated final cost) £280m was spent just on consulting. With some HS2 execs being paid £150,000/pa.
The underlying issue the UK has is targeting headline infrastructure rather than the baseline resilience infrastructure. Spending billions on high speed rail when it doesn't even have good basic nationalised rail, buses, and people powered transport.
Going by the Swiss analogy, it's like having high speed rail between each of your towns but it costs 10000CHF each ticket and you can't get any public transport when you get there.
Billions in Corruption? VIP Lane, PPE, Track and Trace and money dished out to Companies who did not need it. Taxing the excessive profits of Energy Companies. From a 71 year old tax payer because of fiscal drag.
And the huge fraud by self employed and people starting companies and the furlough money milked away
Thorsten has laid bare the Tory hypocrisy here! In short, he's done a very easy job, but done it very well !
If only Labour would do this.
This is why Tories "are sick and tired of experts" - when ideology clash with reality, it's difficult for those in charge to listen.
He always does. He is a star
@@juliewake4585 Yes. Your right. They have always done it much better.
@@juliewake4585
Stsrmer is too scared to calling out the obvious. He's going to say nothing for fear of labour being accused of being anti-employment by the tories and the far right press.
I noticed when asked by interviewers if the stealth tax would mean that even with the national insurance drop it would actually mean people will get less after tax and Hunty wouldn't answer it.
The stealth tax rise happens in April so its affect wont be seen till after May, the NI reduction will apply from January, so some may be fooled into thinking they've gained for a few months and won't twig till after May, I wonder when the next election will be called?
Of course he wouldn’t he’s a Tory. Tories out!
Really enjoy Torsten's commentary, always very clear and explanatory on what is a complex and subtle topic. Good lad
As someone who this affects, The unlocking of the LHA is great news.. Until you remember there is no rent control, and as soon as the government "give" more money to the worst off in our society, the landlords will match that increase by raising their rents. So essentially a increase in the middle and upper class income, wrapped up as a help for those struggling.
^This!
This. This is why i believe rents should have a hard cap written in law, based on the property value. Prevents bull shit rent increases, and if landlords want to increase rent it forces them to invest in the property in order to raise its value first.
It also limits the profitability, reducing the prominence of property purchased for the sole purpose of letting, easing the strain on the housing stock and slowing house price growth (which in tandem with a value based cap, slows rent growth)
@@robotspartan9100 that’s far too sensible. In a society as corrupt as the one we live in; there’s a way around that. Over valuation.
@@southney7211that would happen, but then falter
you artificially inflate property value, people stop buying, the values fall again. it would cycle
LOL, 1:37 "biggest tax c*nt" instead of "tax cuts"
Good spot
That's what I thought I heard too. Freudian slip I'm thinking.
Why is this man not all over the telly?
Because he would embarass the government.
Because our tv viewing is controlled.
Torsten is always around, he just doesn't get exposure a lot, but is on a lot of websites like Benefits & Work.
Man like him can’t be all over telly because people in masses would start demand changes and most likely those parties responsible won’t get elected again l😅
This is the sort of person the Civil Service has or had and is now struggling to hold on to because this Tory government removed pay progression and refuses to offer reasonable inflation tracking wage increases. Clearly inflation this year is not standard, however allowing Civil Servants wages to stagnate for a decade whilst inflation was low was unforgivable. Not only that but because of this wage stagnation, people who are new to the Civil Service are being forced to chase promotion to just keep their head above increasing cost of living, leading to much less experience at the higher levels of the Civil Service. This is going to be a serious problem for years to come and action is required now to mitigate the impacts. Torsten does an excellent job here debunking Tory claims.
I keep hearing "the British public aren't stupid". But when you listen to the 'vox pops', this is clearly not true. I'm not convinced that the Tories won't win.
Both major parties have identical plans. You wouldn't notice a Tory loss.
I hope not
I think it’s a good thing so that people don’t become complacent and don’t go out and vote. Reminder to everyone: if you don’t use your vote, these stupid people will 😂
Very good interview. Thanks for the explanation, Mr. Bell.
A brilliant explanation of how we are being lied to by the tories about how well we are off under them.
Tories out!!
@Markvenn66 Mark it seems to me they’re preparing for a general election. Hence the cuts. Now they’ll be able to say “we cut taxes and labour raises them”
Get a life why believe this nonsense here. So many ceos are over the moon including me for this has boosted our businesses we can now invest more and our inflation is 4.6% and £ vs usd is £1=$1.26 that is a massive boost. All those believing this video proves how deluded you all are. Tory is here to stay for they care about our economy
Whichever party it is, they all spin things to make themselves sound the best (especially in the run up to an election). Tories, Labour, Lib Dem, SNP etc. they're all just manipulative organisations out to get power and will present news in a way that benefits them the most.
Unfortunately, all politicians lie.
In 2 years a pensioner on minimum state pension will have to start paying Tax on their Pension...... Madness !
I know! It’s ridiculous!! Like what???
WHAT? WHY WHERE
Yeah there's not a chance the income thresholds will actually remain frozen until 2028 or whatever they're saying. Pensioners are the biggest voters for the current lot and they won't be happy if they have to pay income tax on a tiny pension. What an absolute shit show.
The difference between an expert opinion and a headline in the daily rags is scary given how many just go on what they perceive rather than understand
Most of the daily rags are pro Tory so they're not going to provide any nuance to this budget. Sadly, too many people depend on what their rag spoon feeds them
Didn't you hear that people are tired of experts? 🙃
What’s the point of better mental health provision when it’s government policy giving people anxiety and depression?
Excellent analysis. On mental health. BS. As government minister says disabled people must do their duty and work from home. As a father of a seriously disabled daughter with ASD, ADHD, suicidal and unable to attend school and the CAMHS cut to the bone her future ability to obtain benefits is terrifying
And Hunt's response is "just treat the illness" like that's simple or easy at the best of times, and then he also massively underfunds the NHS so even getting to the front of the waiting list takes months.
My wife was diagnosed with terminal cancer 2012, she passed on 2014.
We applied for sickness benefit for her , she was sent to a WCA , found fit for work.
Took it to a tribunal, she lost the case.
I despise this government and of course Labour, they brought in the Fit note , and WCA with Atos.
You can’t make it up , not fit for work means not fit for work.
@@user-kq5qp6dh8l thanks for sharing. That’s unbelievably cruel and I can’t imagine how upsetting that must have been just when you needed some kindness
My son has ASD, just got plunged into the adult benefit system at 16. It's frightening 😢
@@Craig121000your parents never loved you which is why you feel purpose from being a dick to others. You're following the lead of your upbringing.
Torsten is the sort of person that luls you into thinking you're actually knowledgeable about something when you know nothing. You watch the video and think "yeah... I think I COULD be the Chancellor of the Exchequer!"
Something similar to when I listen to Prof Brian Cox and I think I understand physics 🤔
Don't forget the extra VAT everyone is paying, the VAT ceiling of 84000 for small business has pushed sandwich shops and take aways into collecting 20% tax with all the accounting charges that go with it. Naturally this is passed on to the public.
Tilling software can be written for purchase/sales. Good jnvestment
I cannot believe they claim to be pro small business but refuse to address the VAT cliff edge. So many businesses are holding themselves back from growing to stay under. So stupid.
@@david1731048 I wish they would do something simple like delete the VAT ceiling at 84000 and reduce the rate of VAT for everyone, I think this would stimulate growth and make it fair for everyone. Your analysis is totally correct.
I look forward to when Torsten is on, he explains things so well.
17:53 - I strongly contest the claim that the British public are not stupid. They may not be truly stupid, but credulity of the level of the UK public is certainly far along the bus route to stupidity.
Far from being objective (and I do like Torsten), he edges towards apologetics at times and is pretty flippant about what are some pretty fucking serious circumstances and ideologies.
I also thought the average joe in the UK was pretty stupid and pretty apathetic to economics and politics
Stupid is the wrong word, ignorance is the better term!
What I don’t know won’t hurt me , right! Until it does, and then we all of a sudden we become victims, of our own ignorance.
This guy is great! Have him on more please 😂😂
"people will be surprised when the Sun contradicts itself"... 👀
You can tell what kind of politician Jeremy Hunt is when he claims £1.49 parking charges on his expenses,a multi millionaire
Glad he took time out of digging tunnels under his house to have this chat. Good talk.
A Colin Furze reference? i like it.
Yes, Torsten, Colin Furze and James Acaster all look so alike.
I love you think cognitive dissonance at The Sun is a thing 😂
I was with him until he said the public are not stupid. Based on what evidence? Huge swathes of them vote against their own interests, don't know how to think critically, don't question the motives of their information sources, value likeability over competence and automatically trust positions that they already agree with. People love conspiracy theories and hate having their preconceptions challenged. We have a culture where faith is a virtue and scepticism is a flaw. What chance do they have to not be stupid?
More tax and yet the Tories waste it so nothing actually improves.
I'll have you know the lives of many Tory donors have improved greatly over the past 13 years, they've never had it so fucking good in fact.
They steal it.
Oh come on things do improve, stop lying,, the Mp's get a big pay rise and their family members and their friends, plus some chap they met down at the pub the other day called Bernard
Did you not listen to a single minute of this interview?
@@Dan_1348 yes 👍🏻
Economic commentary with a healthy dose of sarcasm and wit. Top drawer stuff.
Great clarity on the details of this topic, thanks!
Would have loved to have a slightly deeper dive on if Labour will have to undo the national insurance cut (or raise income tax to replace it), and if the debt interest rate is threatening the £28bn p/a green investment stuff, though I realise there's a lot to fit into the time you guys had, and he needed some sleep!
Impossible to tell really because the Tories have up to a year to further wreck everything. It'll be a miracle if Labour is even close to picking up the pieces after 1 parliament. I would take things not getting any worse.
"I moved house this weekend" Congratulations. I can't even imagine having enough money to do that :)
In a non political fantasy government team, Torsten should be the Chancellor of the Exchequer
In April corporation tax was raised from 19% to 25% and in that time the economy has slightly grown. Now Hunt is claiming we need to drop corporation tax to grow the economy... The reason corporation tax being lowered does not help out the economy, is because the tax is only on profit and investment is pre profit. Therefore the higher the tax the more incentive to invest in your company, the lower the tax the less incentive to invest.
Within reason... That mostly works for short-term growth, but you also need incentives for people to invest in the first place (and indeed over the long-term). It also depends on how you measure growth.
eg Why would a foreign pension company invest in a UK business if they would get less of a return than investing in another country that didn't tax the return on investment so much?
Actually in standard international accounting investment spending (capital expenditure) does not reduce your pre-tax profit (which may seem counter-intuitive, but it is the way it is and does actually make sense when you dig in). One of the "good" changes Torsten refers to in this budget is Hunt changing the UK tax code so that capital spending will reduce your pre-tax profit (beyond 2026; i.e. making a temporary tax cut permanent), and therefore gives you an incentive to increase your investment.
One other thing - even leaving the above aside, in theory at least, reducing corporate tax should still increase a company's incentive to invest because investing will increase long-term shareholder returns, and shareholders are paid out of post-tax profit; so they'd prefer to invest where tax rates are lower, all else being equal. However, we don't live in a theoretical world, and if you actually ask leaders of these businesses, unless your tax rate is wildly out of step with the rest of the world, other stuff tends to matter much much more than the headline tax rate to the bottom-line profitability of the business (e.g. Brexit).
Correlation does not equal causation. The economy has grown by an extremely small amount, far less than countries like America and other developed nations. Having only very small economic growth is still accurately described as stagnation. Also with corporate taxes they still discourage foreign investment in your country and provide a tax disincentive for saving up for larger investments that take longer than a single tax year to materialise.
"the British public aren't stupid"
I dont want to break it too you buuut
Thank you both.
I loved the Blackadder goes forth reference, it was b*#llocks! Well played sir!
Love this guy. Move him into your office.
Short version, they’re pi$$ing on us and telling us it’s raining.
It depresses me to see those clowns act like they have saved us when they have done anything but.
More taxes less services should be the new tory tagline. That or ''Were rinising you blind and you keep voting us into power, dickheads''
Excellent summary as always.
1:37 - listen for the slip of the tongue as he remembers Truss! 🤣
What's missing from this discussion is WHY we've been in stagnation for 20 years. It's vaguely inferred that it's because of covid but that was only 3 years ago. It's all well and good talking about difficulties and what they should be doing but why aren't they doing it
"The British public are not stupid" , Really? Are you sure about that?!
Great rundown.
"What did we learn about living standards?"
"Well it's going very well as we all know"
Tax are up because interest rates are up, interest rates are are up because the goverment didn't effectively intervene in the energy market, which then gets magnified as the addional costs get passed on to the other markets, leaving the BoE to use the wrong tool for the job because they have no other tool to use.
11:25 where can we find the ratio of the government's income that goes into paying for the debt (and/or it's interests)?
1.38 - stealth insult or mere slip up haha - swear I heard tax c*nts……….
Why aren’t we talking about how if gov debt is goes up, money is accumulating somewhere. The wealth of the richest is increasing and that’s why asset prices are rising in a cost of living crisis. It’s astonishing that the gov is/ has been inflicting pain on working people for decades when there’s a clear answer to solve this and save millions from poverty
I don't understand why after a near decade of austerity, the gross debt of the country has only risen. This predates the recent interest jump. Where did the money from cutting services go? (pre inflation jump)
Side note.
"that is what a country getting poorer looks like" what a quote.
Nicely edited!!
The only reason our tax system is so conveluted and hard to understand is so you can't see what they are getting away with.
Great talk !
Nice chap. Never thought I'd hear a posher name than Tristram but here we are.
I like this Torsten chappie. Makes me laugh.😊
Marginal propensity to consume shows his budget will not help out the economy. As the poorer you are the higher the percentage of your income you spend on goods and services, the richer you are the less. So cutting taxes on the richest does nothing for the economy, while cutting benefits on the poorest causes an economic hit to the economy. Not to mention because tax is only on profit for corporation tax and research and development is before profit, the higher the tax the more money is invested, the less tax the less money is.
Well, their economic theory is that it's supposed to trickle down because if they don't spend it, they will invest it and that investment will create jobs and so on.
Let's ignore the fact that lending the government money is a great investment right now, so too often these people not only pay less tax, but then lend the money they saved to the government so the government owes them money instead! This is a huge scam when the government could've just raised taxes and gotten that money for free!
And this would only work if the UK didnt have such close ties to the Virgin Islands, Turks and Caicos etc, so people have easy ways to squirrel away their spare wealth overseas instead of investing it in the UK.
@18:47 what makes you think this government will invest in infrastructure or whatever else, if we had a decade of ultra low interest rates and instead of investing, we just got austerity at every level? just vote these crooks out
Would be great to hear Torsten speak about how he would address the 20 year trend of no wage growth.
What does he see as the UK's opportunities to reverse the downward trend?
THIS.
Instead of just saying "things are bad, we need to fix the underlying cause", how about some suggestions to fix the underlying cause?
Raise productivity by investing.
@@sergarlantyrell7847 He mentioned the benefits of corporate tax cuts for long term growth. The problem with corporate tax cuts is that they’re basically a tax on your nation’s ability to create wealth. Lower corporate taxes both increase foreign incentive and make sure there isn’t a disincentive against saving up for larger more long term investments. The main problem for the lack of growth has been basically zero investment from British companies over the last few years. Lowering corporate taxes helps to encourage investments, both from abroad and domestically.
1:37 I'm sure he says "tax c*nts" very apt. lol😉
Support my request to have the conservative party investigated as a Criminal Organisation.
Did he say tax c**ts instead of tax cuts at the beginning, I'm pretty sure I heard it, but bang on!
How is the capital expenditure expensing for corporation tax amounting to a supposed £11bn tax cut a genuine tax cut? It is a timing difference isn't it and the tax deduction is merely brought forward.
Also, Hunt spoke about the halving of inflation target having been met according to the CPI index, yet on Channel 4 he denied that the target was based CPI but on core inflation: th-cam.com/video/pbUZFssO-ZE/w-d-xo.html. Doesn't anyone want to pick up on and comment on these discrepancies? What's going on?
James Acasters brother makes some good points, raaaahaha
Wonderfully relatable. At times he uses common vernacular!!
Your title to this video begs the response of," What a silly Hunt".
Lots to think about
Very informative.
Never heard the name Torsten before I heard of Torsten Bell
1:37 "Biggest tax cu*ts"
Hehe
Didn’t the Tories increase National Insurance a couple of years ago as they said it would be ringfenced to pay for social care? It was Bozo’s answer to the social care crisis he promised to resolve when he was elected I think? Why is no one mentioning that by lowering NI again that funding is being reduced again?
If Boris said it it was almost definitely a lie.If you ask him he will not know anything about it, then he will deny it, then he will say he meant something else, then he will blame someone else (maybe us the plebs).
He also said he'd make ISAs and LISAs not count for benefits elegibility and then... didn't do that.
So...any advice on how to figure out what it actually means for us as individuals?
impressed. makes total sense.
Am at 18mins and have agreed and enjoyed all…until “in the end, the British public isn’t stupid”.
Very useful to have a numbers guy in the room.
Would be interesting to see these people’s bank balances and how they grown over the last 10 years or so ,
Plenty of good sense in this podcast
People aren’t falling for their bullshit anymore .
Please, please, please give us a general election
The analogy I've been using is the "big picture" tax rises are like we're travelling down the motorway at 100mph. Jeremy "Rhymes With's" tax cuts are a 10mph brake. Do you think the police are going to let you off because you were only doing 90?
(Plus, whether you're going 90 or 100, if your seat belts are frayed, your tyres are bald, you're leaking crap from the engine everywhere and the driver's grabbing all the travel sweets while getting ready to jump out, the inevitable crash is going to hurt. A lot.)
Can’t we just finally tax corporations properly? And don’t have corporation get off with paying zero in taxes!! And if they want to operate in this country, they just simply have to pay these taxes whether they want to base themselves in a “tax haven” or not.
When you have an economy that depends on nail bars, beauty salons and celebrity culture, why would you expect to be doing well?
It's not a bad Idea for the landlords to pay NI... But I feel like what it would change is the amount I would have to pay for my rent
The elderly are sicker because waiting lists are so long. I have a two year waiting list for a hip operation if I need it, I've got a six month waiting list to find out if I need to go on the list! In the meantime its 200 a month at the osteopath to try keep me going.
I like this Torsten guy
Let me be really clear. Sociopaths won't listen to reason, empathy, compassion or sob stories. They respond to fear.
Exactly what I've said since the tories first got into power
Sociopaths don't feel fear. It's one of the key traits of psychopathy that they don't feel it.
@@alphamikeomega5728that's not true at all, sociopaths and psychopaths are capable of feeling fear and do feel fear.
@@michaeltye2359 The quintessential aspect of psychopathy is that the amygdala is faulty. This causes a bluntening of almost all emotions, especially fear. This is why criminal psychopaths don't feel unease at an anticipated electric shock - only at the shock itself. It is why they are so likely to reoffend - not fearing consequences like prison. It is why they struggle to identify emotions in photos of faces, especially fear: you may well have heard of the criminal psychopath who told a psychologist that he didn't recognise the emotion in such a photo, but it was the face his victims had pulled.
What psychopaths feel most is whether they're winning or losing. What they feel least is fear.
That said, it is a spectrum, not an on/off switch.
sociopath !== psychopath@@alphamikeomega5728
1:35 _That didn't sound like "cuts."_
Colin Furze is branching out !
Trevor Wallace really sticking to this character well
£10 says Bell's "silly book" reference is to The Deficit Myth by S Kelton
Debt levels are not so important if the money is being used on real infrastructure investments, which creates jobs and increases tax revenue. Of course, Tories would squander it all giving billions in contracts to peers and donors without any experience.
Yeah gotta disagree with you on the news paper comment. It is really important that newspapers are accurate and independent. If not the most crucial element of a healthy democracy!
Genuinely thought this was Colin Furze... 😂
No sound on this interview l wonder why.
The UK is one of the most collectively taxed nations on Earth.