1st Labour Tory blow up

[Odds]

Labour had to tie themselves up in knots on tax and spending constraints to win against the liars….and now they’ve got to play some clever games to avoid austerity.

TBF public sector pay rises doesn’t sound like austerity

That's my point: other countries like the US invested in their economy in order to grow, not tie it down with restrictions that shackled it. Investing in the workforce with increased pay rises brings them up to date with the cost of living and motivates them to work more productively.

 

[motorbiking]

It’s a nice idea but it’s far from factual. Investment in economic growth does not start with a pay rise for the workers.

If you want economic growth you have to be attractive to investors.

 

[JohnD]

I wonder if biking knows the tools and techniques that a country can use to get out of a recession?

They've been widely known since 1936

Austerity is not one of them.

Nor are tax cuts for the rich.

 

[ajohn]

It’s a nice idea but it’s far from factual. Investment in economic growth does not start with a pay rise for the workers.

If you want economic growth you have to be attractive to investors.

Your a bit of a nut at times. The bulk of the average wage rise happened naturally and under the Tory.

 

[JohnD]

Interesting that the Con defense from Hunt seems to be "yes, the deficit is enormous, yes, we spent all the reserves, yes, public services are collapsing, yes, the doctors had to get a pay rise, yes, our promises were unfunded, yes, we knew tax rises were inevitable. But you should have known that."

 

[motorbiking]

So neither of you think economic growth is about being a good place to invest ?

 

[JohnD]

Yes, if the recession is cured, Britain will become a better place to invest.

 

[carmanmemoranda]

A good workforce is a good asset for any investor .

What makes a good workforce

 

[motorbiking]

A good value workforce you mean.

 

[carmanmemoranda]

A good value workforce you mean.

Cheap you mean

 

[JohnD]

A good value workforce you mean.

Do you mean cheap labour?

Hospital doctors and nurses, for example?

 

[ajohn]

a good place to invest ?

So where are those?

 

[JohnD]

the Conservatives spent £20bn they did not have cutting 4p from national insurance

Knowing the next government would have to sort out the hole.

 

[JohnD]

A good value workforce you mean.

Crushing the public sector has left us with worsened public services. The NHS particularly bad.

No surprise there.

How much poorer are you and your ex-wife than 14 years ago? 15%? I doubt it.

 

[ajohn]

The latest IMF view LOL too long for many but some aspects relate directly to Labour's intent

United Kingdom: Staff Concluding Statement of the 2024 Article IV Mission

With growth recovering faster than expected, the UK economy is approaching a soft landing, following a mild technical recession in 2023. CPI inflation has fallen faster than was envisaged last year and is projected to return durably to target in early 2025.

www.imf.org

You'll even get a view on Hunt's tax cut. There idea of boosting the error allowance on the fiscal rules wont be easy to achieve. The Tory £9b has been questioned for some time by many. Also ideas on ways of increasing taxation.
LOL So the IMF run the country - don't be so silly.

No mention of supply side economics but the inferences on that are very clear. The Tory see it as the only policy and always have even when it's a bad idea. Labour have no intention of using it unless the numbers balance and also effective if and when they try. Economists have identified a number examples when it hasn't been effective. Actually Trump may have noticed that.