Coronavirus: Public need 'home truths' on economy - Hammond
25/02/2021 | news | politics | 2,970
The ex-chancellor says Boris Johnson must "do the right thing", even if it means risking unpopularity.
1
25/02/2021 10:32:11 17 40
bbc
Property and Pensions will be a good place to start to pay back the debt.

Triple Lock...in the bin.

Increase Capital Gains Tax on property…absolutely.
9
JGC
25/02/2021 10:35:27 14 23
bbc
A cut back on public sector pensions definitely a place to start. Brown already undermined the private sector pensions years ago.
14
25/02/2021 10:35:45 15 2
bbc
said the man with no property and no pensions.
16
25/02/2021 10:35:55 9 14
bbc
Makes sense, pensioners became the wealthiest group in society back in the 2008 financial crisis, pensioners are no longer the war generation that's owed so much despite sometimes claiming to be because they were nearly all born post-war. Anyone under 90 is owed nothing, and took everything from the planet, so time for them to start paying something back - they're the generation with most money.
25
25/02/2021 10:36:45 7 5
bbc
Ditch Triple Lock? Phew, Brexiters won't like that!??
38
25/02/2021 10:38:05 10 9
bbc
Didn't take long for the socialists to start spending other peoples money. What we need is to encourage manufacturing so we can bring money in to the country.
56
25/02/2021 10:39:30 9 9
bbc
Yeah the pensioners are going to have to take their fair share. Maybe one less posh coffee a day and not have the latest iPhone for them..........
127
25/02/2021 10:35:51 4 6
bbc
Straight from the Communist Manifesto.
205
25/02/2021 10:51:56 5 7
bbc
As your downvotes are highlighting, HYS is dominated by entitled pensioners and there's nothing they hate more than someone suggesting they play their part. They will expect the rest of us to pick up the bill as normal and will demand they not be affected, They are a hugely selfish generation, sadly.
25/02/2021 12:16:26 1 0
bbc
The triple lock is on State Pensions which are currently about £7800 per annum.
Those receiving this level have to receive additional benefits to be able to make ends meet so removing the triple lock does nothing to reduce the cost to the state.
25/02/2021 12:21:00 0 1
bbc
Those with additional private pensions pay income tax when their combined pension rises above the normal tax threshold so removing the triple lock has no effect here either.
Income is what should be taxed including income from the sale of assets which have increased in value.
At at time like this I would think a tax on wealth would also be fair as the accumulation of wealth is income too.
2
JGC
25/02/2021 10:33:49 23 32
bbc
The one thing the government definitely do not need is a lecture from Hammond.
41
25/02/2021 10:38:27 26 12
bbc
Why not? He was right about Boris being a rubbish PM!??
3
25/02/2021 10:33:50 12 18
bbc
All the "exes" coming our of the woodwork now. Hunt, Hammond.....circling like vultures.
37
25/02/2021 10:37:59 23 5
bbc
Hammond was a good Chancellor who warned that Boris wouldn't make a good PM....... and he was spot on!??
4
25/02/2021 10:34:19 13 13
bbc
In my home the truth would be announced simply - "We're screwed".
26
25/02/2021 10:36:59 9 2
bbc
There a some people / corporations who have benefitted hugely from Big Lockdown
69
25/02/2021 10:40:39 4 3
bbc
Your screwed if you give in and don't work towards normal.
5
25/02/2021 10:34:39 107 29
bbc
Everyone needs to contribute. By either paying more in or taking less out.
60
25/02/2021 10:40:02 101 45
bbc
We're now in a place where logic,truth&debate are usurped by dogma, political cowardice and expediency
The MSM and HMG's propaganda campaign have induced fear throughout, hence the polls are saying whoa.
So that's what we're getting from a populist Gov't.
This PM is incapable of leadership and all the opposition are a sorry mess.
The as yet, unseen consequences of Lockdown are irrelevant to them
174
25/02/2021 10:49:37 10 1
bbc
That's not what Hammond was talking about.

It is like if you buy a house on an interest only mortgage over 25 years as your salary grows the monthly payments become an increasingly smaller proportion of your income.

Eventually, the amount you owe can actually fall below your annual income. Re-mortgage across a 40 year career and the loan amount could be no bigger that your overdraft.
697
25/02/2021 11:37:27 8 3
bbc
So those who already receive so little they are in real hardship, poverty or destitution should receive less?

Those on legacy benefits mostly disabled people and carers did not even get the extra £20 a week we are told those on UC need to prevent real hardship, poverty and destitution.
765
25/02/2021 11:44:23 7 4
bbc
Most of us who pay the Lions share through PAYE also probably take out very little. The balance is wrong and needs addressing, we pay full tax and NI let alone a good % are probably also on a private medical scheme. If you gave us a refund on a decent% of NI then many more would source private and reduce take on NHS. Also it cannot be write that by avoiding PAYE you can be paying 40% of the tax.
916
25/02/2021 11:55:29 7 1
bbc
It one has benefited from furlough or other schemes they ought to pay more tax, not the ones who worked though it.
25/02/2021 12:14:20 2 1
bbc
Nope. I didn't want the borders left open.
25/02/2021 12:15:52 3 4
bbc
What are you on about?! Most people of working age pay in and don't take much out. It is the cronies at the top and the leeches at every other rung who screw it up. If you are so happy to pay more then do so. Many of us are not!
25/02/2021 12:24:07 5 3
bbc
yes, starting from the royals, the vip, the famous, the politicians, the company directors, supermarkets, amazon and all the blood suckers reptile that made millions during the pandemic. if they all contribute the problem would be solved
25/02/2021 12:25:26 2 4
bbc
everyone needs to be smart like the elite avoid tax
25/02/2021 12:28:00 2 0
bbc
The fact that everyone now seems desperate to spend money on foreign holidays suggests to me that there is indeed scope for income tax rises to pay for the cost of keeping the economy afloat. There are an awful lot of people, though, who could not survive if they "took less out".
25/02/2021 12:33:56 3 0
bbc
Even Tory supported tax avoiders like Virgin Care.
25/02/2021 13:32:42 0 0
bbc
How, when we are left penniless by Boris's disgraceful escapades over the past three years? Starving ourselves?
25/02/2021 14:08:03 3 0
bbc
How?

> Taxes are set by government
> Benefits are set by government
> Public services are severely rationed already, so only those with the most critical need get anything at all, and often far too little, far too late

I won't be alone in thinking this is all just politicking for the usual "cut benefits now! (tax cuts coming soon)" tory ideology
25/02/2021 14:14:36 1 0
bbc
Amazon, Ebay, etc pay almost zero tax and have done so for very many years.
The City is global enterprise that specialises in off shore banking - in simple terms 'not paying tax'
25/02/2021 15:35:06 0 0
bbc
No - those that got money should pay back - unfortunately a lot are fraudsters and the authorities can't trace them
26/02/2021 09:25:45 0 0
bbc
Including the JAM, or those who still aren't?
26/02/2021 15:28:50 0 0
bbc
If HMG buys British - British RN ships, British trains, British police cars, British food, British fighter jets et al then the whole workforce can be employed cutting the huge social security bill, providing more tax revenue, creating conditions for companies to invest and getting us out of the hole. Any other action will make things worse.
6
25/02/2021 10:34:55 25 9
bbc
We're all going to get a haircut once lockdown finishes, both to the wallet and the head.
7
25/02/2021 10:35:09 10 30
bbc
Remainer anti-Johnson broadcaster paid for by compulsory taxation gives airtime to remainer and anti-demoractic anti-Johnson former chancellor and calls it journalism. In other news: Pope admits Catholic beliefs; ursines found to defecate in forests.
95
25/02/2021 10:43:22 12 4
bbc
Brexit again? You got what you wanted. Relax & enjoy it.
8
25/02/2021 10:35:21 23 13
bbc
"says he has tons of oysters sitting on his farm that he cannot sell either to France" - The majority of the fishing industry wanted to take back control of our waters, so that they would have all the fish and all the market - the irony; all the fish, but no market.
58
25/02/2021 10:39:39 11 6
bbc
So create a market by advertising. Works for Over-50s Life Cover, sofas, portable phones, clothes, river cruises, walk-in baths, etc.
1
25/02/2021 10:32:11 17 40
bbc
Property and Pensions will be a good place to start to pay back the debt.

Triple Lock...in the bin.

Increase Capital Gains Tax on property…absolutely.
9
JGC
25/02/2021 10:35:27 14 23
bbc
A cut back on public sector pensions definitely a place to start. Brown already undermined the private sector pensions years ago.
145
25/02/2021 10:47:18 3 3
bbc
So all pensioners should be hit. Compound interest is a wonderful thing as Einstein recognised. What you youngsters do to hit pensions today will be compounded when your turn comes. Your youngsters will be no keener to help you maintain even a poor standard of life come your day. All you Christians should remember the second great commandment.
669
25/02/2021 11:34:04 5 1
bbc
Pensions are just about the only good reason for working for the public sector. Have you seen how much they pay us? It's laughable.

So you kniow where you can stick that idea.
795
25/02/2021 11:46:41 2 0
bbc
People who are,or have been employed in the public sector pay pension contributions you know!! Don't believe everything you read about gold plated pensions in the public sector- they don't exist for 99.9% of the staff. For example the people who empty your bins!
26/02/2021 12:28:13 0 0
bbc
SO how come we have the RICHEST PENSIONERS *EVER* if Brown did such a hatchet job on your pension?
And whatever Brown did was as nothing to what Maggie did to your kid's retirement prospects when she allowed Big Biz to lock your kids out of "unaffordable" pension schemes, and give them outsourced, overpriced, badly performing, 'your choice, your problem' market-based ones instead
10
25/02/2021 10:35:36 14 19
bbc
The UK present regime is a big liar who has led to more than 120000 deaths and will destroy the entire UK economy within a year and finally finish the UK in their hands

Let us wait to see
25/02/2021 12:54:32 1 0
bbc
I don't think Boris is great, but he is not personally responsible for all the deaths - what about some of population who refuse to follow social distancing etc - are they not at least partly at fault? And saying 'will destroy the entire UK economy within a year' is a bit sensationalist, unsubstantiated and melodramatic. Stop making things up!!!
11
25/02/2021 10:35:42 5 27
bbc
I tried to tell everyone we would be at war if you voted the Tories in at the next election. Never would even i expect them to have stooped so low as to unleash a deadly virus on the entire world and try to blame China. That's your evil Tory for you though.
42
25/02/2021 10:38:29 7 5
bbc
Get help, dear boy/girl/non-binary person, get help.
44
25/02/2021 10:38:41 1 3
bbc
No it didn't come from China did it.
61
25/02/2021 10:40:07 2 1
bbc
It is a sad state of affairs when I cannot tell if you are being serious or not.
88
25/02/2021 10:42:37 2 1
bbc
Are you attempting a satire of "sorrysorrysorry"??
129
25/02/2021 10:37:43 2 1
bbc
Thankfully, no one listened to your advice
143
25/02/2021 10:47:09 2 1
bbc
But why would anybody want to listen to you? You are clearly not thinking straight and should seek assistance.
25/02/2021 12:55:38 0 0
bbc
Righty ho. Do they have oxygen on your planet???
12
25/02/2021 10:35:45 17 10
bbc
he's right you know, Boris has no metal
13
25/02/2021 10:35:45 264 124
bbc
Every consumer's priority must be to Buy British and support British enterprises. Forego this year's trip to Spain and holiday at home. We're all in this together!
39
25/02/2021 10:38:10 106 81
bbc
Surplus of (rotting) British fish currently Nick.......
51
25/02/2021 10:39:07 50 10
bbc
It's not that easy finding something British to buy. We can't even manufacture our own PPE
53
25/02/2021 10:39:12 36 9
bbc
Except all I hear from the inhabitants of our holiday counties like Devon and Cornwall is what a nuisance visitors are. Can't blame people for wanting to go where they are welcomed.
68
25/02/2021 10:40:30 33 36
bbc
No way, José. I’m not spending a penny in this country that I don’t need to spend. Spain, France and Portugal, Malaysia, Thailand and Indonesia will get my hard earned holiday cash.
72
25/02/2021 10:40:45 46 6
bbc
I agree with you 100% but unfortunately Nick there's no "We're all in it together".... ! This country is full of the "I'm alright Jack brigade" !!
184
25/02/2021 10:39:10 23 12
bbc
We should also be eating more British sea food. I might have mussels for dinner tonight, treat myself, with white wine, cream and herbs, and some decent bread to mop up the sauce. Mmmmmm.
198
25/02/2021 10:51:13 46 19
bbc
I’ll spend my hard earned cash on what I want to do. I won’t spend it to justify a dreadful outcome of a referendum
229
25/02/2021 10:53:04 44 14
bbc
LOL you Tories caused the mess, you sort it, my priority is ensuring my family don't get dragged down by the disaster they have created.
277
NP
25/02/2021 10:56:21 9 9
bbc
Starting British Business, more than 7 type of direct and indirect tax, including of Employee NI forget about regulations and pay, making any British product takes 200% above the actual cost so everyone find easy way import and pay just 5% - 40% WTA, likey 15% on most of product.

We can't have all. To bring back manufacturing, we must have low tax & compliance regime.
488
nsf
25/02/2021 11:15:40 3 7
bbc
Completely true
662
25/02/2021 11:33:26 2 0
bbc
Assuming people can afford to holiday at all. A lot of people I know will have to, somehow, find a new job because of COVID. Gods only know what the knock on effect of this combined with the end of the transition phase will be.
703
25/02/2021 11:38:22 3 1
bbc
That'll teach Jonny Foreigner!
754
25/02/2021 11:43:35 7 0
bbc
No we're not, 52% of those that voted are in it together, the rest of us are just "in it"
777
25/02/2021 11:45:11 2 1
bbc
But what if our quality, choice or value isn't up to the market competition from elsewhere - should we just accept inferior goods or services?
822
25/02/2021 11:49:44 2 1
bbc
Build a Trump wall then.
846
Pip
25/02/2021 11:51:40 2 0
bbc
If you can afford to holiday at home..........?
60 million people vs 60 million + 450 million

There in a nutshell is the utter stupidity of Brexit
949
25/02/2021 12:05:26 3 1
bbc
Go on then - how many British white goods, PC's, Mobile phones, furniture are actually made in the UK and how much do they retail at compared with those made elsewhere?

I'll save you a job - there is very little made here that consumers buy & all of it is vastly more expensive & often not as good.

The people would need far higher wages to be expected to make that choice.

It's a daft statement.
964
25/02/2021 12:07:23 6 1
bbc
Let's face it. The UK economy is based on buying coffee, insurance and cheap goods imported from China (the UK retailers mark up is what adds to our economy).

It's probably not possible for us to buy much more British because we don't make anything. So maybe another insurance policy anyone?
25/02/2021 12:11:17 2 2
bbc
"Every consumer's priority must be to Buy British and support British enterprises. Forego this year's trip to Spain and holiday at home. We're all in this together!"

Sounds like Communism. I won't be going abroad, but that is my own choice, actually I might now .. just to boil your ...

:-P
1
25/02/2021 10:32:11 17 40
bbc
Property and Pensions will be a good place to start to pay back the debt.

Triple Lock...in the bin.

Increase Capital Gains Tax on property…absolutely.
14
25/02/2021 10:35:45 15 2
bbc
said the man with no property and no pensions.
447
25/02/2021 11:11:49 1 2
bbc
Over recent decades pensions have benefited from massive gains in stock markets coupled with excessive gains in property prices.

Especially since 2008 where QE largely benefited those with assets rather than those without.
15
25/02/2021 10:35:53 4 6
bbc
Surely some the many billions spent went into the economy ?
28
25/02/2021 10:37:23 10 5
bbc
A very small subset with a high crossover with Tory party donors
202
25/02/2021 10:51:35 1 3
bbc
Yes, unfortunately for us it was routed via the hands of Tory cronies into the economy of the Cayman islands.
1
25/02/2021 10:32:11 17 40
bbc
Property and Pensions will be a good place to start to pay back the debt.

Triple Lock...in the bin.

Increase Capital Gains Tax on property…absolutely.
16
25/02/2021 10:35:55 9 14
bbc
Makes sense, pensioners became the wealthiest group in society back in the 2008 financial crisis, pensioners are no longer the war generation that's owed so much despite sometimes claiming to be because they were nearly all born post-war. Anyone under 90 is owed nothing, and took everything from the planet, so time for them to start paying something back - they're the generation with most money.
17
25/02/2021 10:35:57 172 44
bbc
All but the thickest knew this already. There are a lot of thick people.
176
25/02/2021 10:49:49 196 139
bbc
Well 40%ish voted for this shower so yep, at least 40% of the population.
Would you say about 52% of the British public are thick......... Removed
724
25/02/2021 11:40:53 20 4
bbc
At the general election the choice was between Johnson or Corbyn as PM. I guess 40% saw Johnson as the least worst option.
770
25/02/2021 11:44:46 2 0
bbc
Presumably you believe you are not one of them.
25/02/2021 12:22:33 1 0
bbc
Yeah, I bet your one of them!
25/02/2021 12:23:51 2 0
bbc
Thick people dont make money
25/02/2021 12:47:08 2 0
bbc
As George Carlin said "The average person is stupid. So half the population are even stupider"
25/02/2021 13:23:21 0 1
bbc
Not including you, of course. You are self-evidently cleverer than most.
25/02/2021 13:23:24 2 0
bbc
The problem is that the party that has been in power for the past 10 years is funded by big businesses , and it is these that are avoiding paying tax and receiving indirect subsidies. "He who pays the piper calls the tune"
25/02/2021 13:40:21 0 0
bbc
Most of them post on here
as
25/02/2021 17:41:21 0 0
bbc
Your definition of 'thick' being anyone who has a different opinion to you?
18
25/02/2021 10:35:57 25 23
bbc
So the ex-Chancellor Philip Hammond says the Govt must risk unpopularity & tell "some difficult home truths" about the state of the economy. Boris? Risk unpopularity? There's more chance of swimming to the moon!

We need leadership....... we've got an inveterate liar!??
19
25/02/2021 10:36:12 1 15
bbc
Boris needs to focus on keeping the country united and get Scotland sorted out once and for all. We are living in unprecedented times. He sorted the schools yesterday do Scotland today and Covid t'moz.
93
25/02/2021 10:43:14 4 7
bbc
Sorting out the Scots? Mission impossible. The sooner we get rid of them the better, both economically and for our standing in the world. They drag us down.
124
25/02/2021 10:45:58 0 1
bbc
'Sorted'?
164
25/02/2021 10:48:45 2 2
bbc
Too late, Tory incompetence has created a chasm so wide now that the chances of retaining the union are gone.
The only questions that remain in that area are will N.I. and Wales also follow and how quickly will the break up happen.
20
25/02/2021 10:36:15 139 16
bbc
If people are sensible then they should be planning ahead now for tax rises in a year or two. The government should be honest that this is coming up and give plenty of warning. The UK has borrowed from the future to tide us over the emergency of today. That's only right, but let's not kid ourselves that it doesn't need to be paid for at some point.
63
25/02/2021 10:40:11 72 6
bbc
But the Govt wants people spending to boost tax revenues! So it's a quandary for them!??
142
25/02/2021 10:47:08 12 8
bbc
As per normal with this government they have mortgaged the future of the country to generate the money to line their own pockets.
516
25/02/2021 11:18:16 5 1
bbc
"Plan" is an action not popular nowadays; It requires foresight and intelligence.
Much lacking 5-5 years ago, e.g pandemic foresight despite pandemic warning; referendum, but with no planning for wrong result.
526
25/02/2021 11:19:16 3 3
bbc
Agreed, you get nothing for nothing, all the money given to furloughs, business loans, etc ,etc to keep the country afloat will have its effect in the near, medium and long term. All will want more funding and will say that they cant provide on what they have, welfare,councils, NHS, army, police, schools etc.all of those need some tough management to a set budget that isn't topped up when it fails
691
25/02/2021 11:36:54 3 0
bbc
Well, together with fuel costs rising, and wages effectively remaining static I can't wait!
873
25/02/2021 11:55:53 3 0
bbc
This tory Govt will leave debt for future generations. Won't want to be unpopular.
25/02/2021 12:24:33 1 1
bbc
best to avoid tax
25/02/2021 12:55:01 1 0
bbc
Tax will go up next year.
Can't do it now, 2023 is an election year, so next year it is.
It'll be heavy then they'll reign it in in 2023 to buy votes.
25/02/2021 12:57:12 1 0
bbc
We should have a specific covid tax similar to VAT only with no loopholes for business to claim it back, we all pay or none pay, and yes once the tax has done its job abolish it, 3% - 5% over a longer term 8 - 10 years would raise the needed tax
25/02/2021 13:50:35 1 0
bbc
Let’s be honest we’ve been borrowing for a long time now whether that be with either Labour or Conservative governments.
25/02/2021 13:52:12 0 0
bbc
We supposedly had 10 yrs of Austerity from 2008 when there was 'No Money' for spending etc! ( But actually they never do stop spending because that's the only game in town,,Right!?) So now..just 1 year after they announce end of Austerity..(there never was any Austerity) they suddenly find £500 Billion to spend! lol. If you believe any of it then find out the difference between Money & Currency!
25/02/2021 13:54:26 0 0
bbc
Like the NHS Trust that along with others has had further £Millions thrown at it..including to cover Parking charges for their Staff...only to be found out last week that they are actually 'charging staff for Parking'! lol. What other 'scams' are the Executives doing with Public Money!?
25/02/2021 16:24:09 0 0
bbc
"let's not kid ourselves that it doesn't need to be paid for at some point."

To misquote Apocolpyse Now, "I love the sound of Brrr... in the morning"

Brr = money being printed constantly

It works very well for Americans, so why not us??
26/02/2021 09:50:29 0 0
bbc
Then the "govt" and their well-heeled chums can pay for it.
21
25/02/2021 10:36:24 15 17
bbc
Why doesn't Philip Hammond shut up and let the Chancellor do his job? It's the same with Tony Blair. What hubris drives these old politicians? How are their interventions helpful?

Sunak knows what is needed as do Labour. Only the most willfully ignorant members of the public don't realise that we have to pay for all the support given.

Seems they just like sound of own voices it seems
32
25/02/2021 10:37:40 4 2
bbc
It's all about control.
22
25/02/2021 10:36:30 133 63
bbc
If looking for any sort of truths let alone home truths you'll be waiting a long time from this shower.

Spreadsheet Phil not the most charismatic but I'd take him over any of this shower any day of the week. Still Boris 'cleansed' the Tories of voices who didn't agree with him, isn't he currently campaigning for (checks notes) freedom of speech, mmmmmm
192
25/02/2021 10:50:27 100 30
bbc
Sajid Javid played an absolute blinder. Could not have resigned at a better time. I don't envy Rishi Sunak and I am no fan of the Conservatives, but I don't think many people would have done a better job all things considered.
364
25/02/2021 11:03:40 6 8
bbc
I seem to remember that Momentum was doing exactly the same with Labour and NS is doing the same with the SNP. It is not just the Conservatives that do it or are you blinded by your own politics?
25/02/2021 12:29:15 3 5
bbc
"Boris 'cleansed' the Tories of voices who didn't agree with him"

Hammond was a ring-leader amongst MPs that paralysed parliament to try to stop Brexit. Considering the 2019 GE result, Boris was right to do this.
25/02/2021 13:28:41 0 0
bbc
I am still thankful that we did not get Corbyn and his shower.
25/02/2021 14:09:38 2 0
bbc
Can't help thinking we would all be better off if he had won the leadership race.
23
25/02/2021 10:36:35 6 12
bbc
I agree. It would also be helpful if the government told the people the cost of "Going Green". Heat pumps alone are going to cost a fortune but hey it will be in a good cause even if it doesn't make a scrap of difference to climate change.
120
25/02/2021 10:45:27 1 1
bbc
Medium to long term that 'cost' is a negative number as the energy is produced without the need to use expensive resources.

So I doubt you would really want them to do that would you...
24
25/02/2021 10:36:42 8 13
bbc
He is a former chancellor for a reason.
104
25/02/2021 10:43:50 6 2
bbc
Boris cleansed him for calling out Brexit as the shower of sh**** it undoubtedly is?
105
25/02/2021 10:43:51 2 3
bbc
Yes and that reason is because he would not bend the knee to the kwitters and institute policies that were economic suicide for the UK.
1
25/02/2021 10:32:11 17 40
bbc
Property and Pensions will be a good place to start to pay back the debt.

Triple Lock...in the bin.

Increase Capital Gains Tax on property…absolutely.
25
25/02/2021 10:36:45 7 5
bbc
Ditch Triple Lock? Phew, Brexiters won't like that!??
4
25/02/2021 10:34:19 13 13
bbc
In my home the truth would be announced simply - "We're screwed".
26
25/02/2021 10:36:59 9 2
bbc
There a some people / corporations who have benefitted hugely from Big Lockdown
327
25/02/2021 11:00:10 2 1
bbc
Indeed so, but overall as a country, we're financially knackered.
530
25/02/2021 11:19:26 3 0
bbc
True, mainly those with Tory connections! Funny that!??
27
25/02/2021 10:37:14 7 9
bbc
Nice to hear some sensible, reasonable, trustworthy & honest Conservatives again. They’ve been missed; the populist clown show will only get you so far. Let’s hope Rishi is the former rather than the latter.
66
25/02/2021 10:40:19 2 2
bbc
? Con by name . . .
91
25/02/2021 10:42:54 2 4
bbc
Rishi is another ex investment banker just like Javid before him. He is one of the people who actually caused the 2008 global economic crash, so don't hold your breath waiting for honesty from that quarter.
15
25/02/2021 10:35:53 4 6
bbc
Surely some the many billions spent went into the economy ?
28
25/02/2021 10:37:23 10 5
bbc
A very small subset with a high crossover with Tory party donors
29
25/02/2021 10:37:24 14 10
bbc
What economy? Since debt took over from wealth, earnings are an income stream for bankers.
30
25/02/2021 10:37:27 178 63
bbc
I think we all need to accept we should be paying more in income tax - and companies need to pay more in Corporation tax - individuals and companies have received direct benefit from the government and should contribute to paying it back. Those that have benefitted should expect to help repay the debt.
144
25/02/2021 10:47:14 260 27
bbc
Let's start with Amazon and Co, tax avoidance schemes, etc before coming onto extra burden for workers.
307
25/02/2021 10:58:57 9 3
bbc
Who has actually benefited from the past 12 months of coronavirus and the restrictions on everyday life?
335
25/02/2021 11:00:31 16 1
bbc
How about all those companies 'trading' in Britain from Ireland and Luxembourg for instance? Also, those that have HQs abroad that 'have' to be paid for by UK profits?
459
25/02/2021 11:13:00 14 3
bbc
"accept we should be paying more"

While I agree with the rest of the statements I'm struggling to agree with that one. I've had to work on reduced hours and pay during the entire pandemic, I've not received any furlough payment and I've had had family members who's cancer biopsies delayed for 6 months because COVID was more important.
Why shouldn't furlough payments be a tax code ?
577
25/02/2021 11:25:11 6 0
bbc
There are many self employed relying for example on diversified income and small businesses that have received nothing in aid, yet stand to suffer from tax rises and CGT all the same. I fear it will not be a very pragmatic outcome as government seeks to recoup spending. I hope I'm wrong of course.
602
25/02/2021 11:27:43 23 7
bbc
I work from home and did do prior to Covid.

I have worked as usual through this whole thing with no furlough payments etc like other people I know.

I think those that did receive a furlough payment should pay more in tax, they were paid because they couldn't work and received more than I would have on benefits if I lost my job.

I do not accept paying more tax to pay back money I didn't recieve!
660
25/02/2021 11:33:04 5 4
bbc
Especially self cert self employed who pay minimal tax through creative accountants.
710
25/02/2021 11:39:20 8 3
bbc
I pay more than enough income Tax thanks as an honest PAYE higher rate payer....and have not taken any benefit from LD, worked right through and in fact I would argue longer hours to make it all good whilst WFH. I think the focus should be on all those not paying anywhere near the same level through the various ltd/sole trader/ etc and those that have sucking up furlough for 12M while I work.
714
25/02/2021 11:39:49 4 3
bbc
The government already take HALF of the money I earn. I do not agree to pay more.
834
25/02/2021 11:50:26 1 1
bbc
That never happens under a tory Govt.
899
MP
25/02/2021 11:59:28 1 0
bbc
There are those that have truly benefitted from the pandemic, and the government’s response, and there are those that have been helped to survive, but little more. Let’s make sure that the former group contribute immediately, and give the latter time to recover. Alas, given this government and its priorities, I fear that could be a matter of hope over expectation.
904
25/02/2021 11:49:30 3 6
bbc
Income tax was and is a temporary tax introduced to pay for the Napoleonic wars. Why should we be taxed on what we earn? It's time the tax system was overhauled and move to luxury base tax as in Switzerland and Finland. Essential suff 1% tax, Gold jewelry etc 100% tax. Therfore you pay on your desire. Too many at the job centre dripping in gold
25/02/2021 12:19:53 2 1
bbc
Income tax won't touch the sides (a 1% increase raises £5bn or so in revenue against an increase in spending of £280bn). So there either needs to be radical rethink, or more likely imo, a strong dose of inflation as a hidden tax on savers.
25/02/2021 12:24:11 0 0
bbc
better to avoid tax then
25/02/2021 12:38:45 5 0
bbc
I pay nearly a third of my wage in taxes, can't get a mortgage and 2/3 of my take home on living expenses, I won't be told by someone on a BBC forum that I need to pay more. Roads are a mess, the NHS has never solved anything I needed without having to pay extra because its "elective" but sure take even more away
25/02/2021 12:43:06 2 0
bbc
Tax avoidance is open to all, in various forms. ISA for example.

Tax evasion is a crime, like paying tradesman cash in hand.

Amazon/Google/Apple pay what they are told to pay, not a penny more.

Same as I do.

Don't forget to claim the £6 per week tax allowance for working at home. It comes off your tax code.
25/02/2021 12:53:09 1 0
bbc
the trouble is Tory government don't believe in decent Taxation, low tax, low pay so business profit more, I am waiting to see if the austerity the poorest suffered is set to continue, some benefits have been frozen for years, which in a way is taxing the poorest
25/02/2021 13:20:36 0 0
bbc
You will shrink the economy if you raise taxes at this point. It is too soon.
25/02/2021 13:28:53 0 1
bbc
No, no, no, no, no! Not income tax. Wealth tax. Of course the Tories want you to focus on income tax, but there is more to getting paid than with earnings from work.

We need to get the money out of bricks and mortar and back into the economy.

Spending means jobs. And we need jobs.
25/02/2021 13:48:43 0 0
bbc
Well why don't they go over to Ireland (in the EU) and get them to Tax Starbucks, Google and Facebook the £1Trillion they probably owe..! lol
25/02/2021 13:51:26 0 0
bbc
We pay enough as it is why don't you pay more
25/02/2021 16:07:53 0 0
bbc
Well, why should only those who pay income tax contribute more? VAT should be raised instead, so that EVERYONE contributes at least something, and those who buy more, or buy high value goods, pay more. Can't see what's fairer than that.
25/02/2021 20:40:03 0 0
bbc
Yes but they should start at the top and work slowly down because the pain is only ever felt lower down. All the Billionaires in UK and there are 100's should give up half their wealth to start with, then The BBC should pay back the exorbitant licence fees to the Government and Social Media and the Tech giants should pay a fair tax with no loop holes.
31
25/02/2021 10:37:35 244 75
bbc
Like with many Government policies over decades, the budget will have largely been decided by lobbyists and media oligarchs paying politicians to act in the former’s interests, not that of the electorate.

We will never get a budget that’s fair and effective, until the electorate see through the oligarchy we have and seek its downfall.
87
25/02/2021 10:42:35 213 30
bbc
22 billion on T,T&T. How much profit did Serco make on that one ‘project’ alone?
119
25/02/2021 10:45:19 10 25
bbc
Cute soundbite but that's not really true, the UK just doesn't have the same lobbying industry as in America. And if there were lobbyists, why would they be "lobbying" for austerity? they would be trying to land government projects i.e. encouraging spending.

The issue is the Tories have a ideological problem with large public spending and so they're happy to strangle growth via austerity
167
25/02/2021 10:48:56 33 3
bbc
Not sure how we do that, though.
If we vote Tory, we're controlled by the wealthy oligarchs you mention.
If we vote Labour, we're controlled by the Unions.

We have a two party first-past-the-post system, which littel more than an illusion of democracy.
690
25/02/2021 11:36:33 4 2
bbc
Yep dead on - modern society needs a modern way of being governed-not the "old" tribal system. People need to be able to vote on individual policies brought to the table which if voted on the Maj Gov MUST act on as this will be the "will of the majority". This means full secure electronic voting being phased in and a new breed of solution providers(dare I say thinkers) NOT current type of MP's.
816
25/02/2021 11:49:07 0 1
bbc
The spin merchants will try and make it plausible.
882
25/02/2021 11:57:14 3 2
bbc
We will never get a fair budget while people expect somebody else will be paying for it.
25/02/2021 12:23:22 0 1
bbc
yeah Rothchilds...PPE contracts made all the companies tied to politicians rich
25/02/2021 12:16:38 0 2
bbc
Yeah right.

Let me guess: The only answer is Socialism & the only path to true socialism is violent revolution.

More than a few of us have read Marx & understand exactly how vile "true socialism" is.

Which is why every single socialist/Marxist state has been a failure of epic proportions.
21
25/02/2021 10:36:24 15 17
bbc
Why doesn't Philip Hammond shut up and let the Chancellor do his job? It's the same with Tony Blair. What hubris drives these old politicians? How are their interventions helpful?

Sunak knows what is needed as do Labour. Only the most willfully ignorant members of the public don't realise that we have to pay for all the support given.

Seems they just like sound of own voices it seems
32
25/02/2021 10:37:40 4 2
bbc
It's all about control.
33
25/02/2021 10:37:46 5 4
bbc
Would it not be more appropriate to wait until Rishi has had his say rather than sniping?

Then again, it does not matter what Rishi says. He will be either a populist or a sadist depending on which route he picks.

Or the second coming if you are on the other side of the political football match.
34
25/02/2021 10:37:47 2 7
bbc
I think Hammond would find that the British public are not interested in
' home truths ' at this moment, he is right it is the equilivent of fighting a war, would he be so keen to tell us the ' home truths ' if that was actually what was happening ?
I suspect no.
People are only interesting in survival with no more problems, the debt is rising, it will continue, we will survive and prosper.
146
25/02/2021 10:47:21 1 1
bbc
Yep, head in sand stuff - Brexiteer I guess.
35
NRB
25/02/2021 10:37:51 20 18
bbc
Truth and this government - hummm what a stretch
217
25/02/2021 10:52:14 2 2
bbc
Cats in hell stand a better chance than we do of getting honesty out of this Govt!??
36
25/02/2021 10:37:51 20 15
bbc
He told the BBC that dealing with the pandemic had been the financial equivalent of "fighting a war".

A war which needed a mass amount of monies, which they provided, to all.
65
25/02/2021 10:40:14 29 25
bbc
A war where the people in charge have made the wrong decisions again and again and caused the highest casualty levels of any G20 nation to their own people.
78
25/02/2021 10:41:16 12 9
bbc
But mostly to Bozo's mates
165
25/02/2021 10:48:52 7 3
bbc
Unhelpful hyperbole . Nothing like a war . Look outside your window - see all the physical destruction of our infrastructure ? Neither do I .
3
25/02/2021 10:33:50 12 18
bbc
All the "exes" coming our of the woodwork now. Hunt, Hammond.....circling like vultures.
37
25/02/2021 10:37:59 23 5
bbc
Hammond was a good Chancellor who warned that Boris wouldn't make a good PM....... and he was spot on!??
67
25/02/2021 10:40:23 2 6
bbc
Gosh, what an insight! No-one else would have foretold that!!
261
25/02/2021 10:55:19 4 5
bbc
He was a dreadful chancellor (he was the architect of "austerity" (also known as "massively damage the country's welfare system whilst increasing our debt"), but he got it spot on with the utterly useless Bojo.
25/02/2021 12:43:58 0 1
bbc
I don't disagree that Boris isn't the best PM, but Hammond was not a good chancellor - remember the massive climb down over his National Insurance policy.... And so what if Hammond stated Boris wouldn't be good, that doesn't make Hammond a good chancellor.
1
25/02/2021 10:32:11 17 40
bbc
Property and Pensions will be a good place to start to pay back the debt.

Triple Lock...in the bin.

Increase Capital Gains Tax on property…absolutely.
38
25/02/2021 10:38:05 10 9
bbc
Didn't take long for the socialists to start spending other peoples money. What we need is to encourage manufacturing so we can bring money in to the country.
289
25/02/2021 10:57:40 4 3
bbc
You mean the manufacturing that Maggie destroyed in the 1980's...

If you want to see what socialism brings, just look at Denmark, Norway, Sweden, Finland, Canada.
629
25/02/2021 11:29:37 2 1
bbc
‘Spend other peoples money’, that is exactly what the UK housing ‘market’ is currently doing.

It is those yet to enter the market who will ultimately pay for the current lifestyles of those who have benefitted from massively overinflated property prices.

As per those idiotic adverts on TV, ‘my house paid for this…’, no it didn’t!
ben
25/02/2021 17:34:12 0 0
bbc
Not sure you know what a socialist is.

Capitalist are spending other people’s money. The ones who make money and products.
13
25/02/2021 10:35:45 264 124
bbc
Every consumer's priority must be to Buy British and support British enterprises. Forego this year's trip to Spain and holiday at home. We're all in this together!
39
25/02/2021 10:38:10 106 81
bbc
Surplus of (rotting) British fish currently Nick.......
296
25/02/2021 10:58:00 9 5
bbc
Perhaps our supermarkets should start selling it rather than foreign imports then?
420
25/02/2021 11:09:22 5 3
bbc
Opportunity to flood the market with Worcetershire sauce.
(fermented anchovies)
540
25/02/2021 11:20:19 13 0
bbc
When News GB arrives perhaps it could launch programmes showing viewers how to cook, eat and enjoy the types fish and shell creatures being caught by British fishermen but they sell to Europe because the British won't buy and eat it.
543
25/02/2021 11:20:42 1 8
bbc
Eat more fish then. Or can't you cook?
869
25/02/2021 11:45:45 0 2
bbc
Yeah but the superstores are still selling at a massive high price compared to the actual cost at the market. Too many middle men and big businesses taking far to big a cut of our pocket.
40
25/02/2021 10:38:26 6 8
bbc
Please, no more austerity. It doesn’t work and makes us all poorer in the long run.

Meanwhile, Asda is shedding a few thousand more jobs. Covid and berxit: the perfect cocktail.
118
25/02/2021 10:45:10 2 2
bbc
Austerity helps the rich get richer, exactly the sort of policy the vile Tories love
2
JGC
25/02/2021 10:33:49 23 32
bbc
The one thing the government definitely do not need is a lecture from Hammond.
41
25/02/2021 10:38:27 26 12
bbc
Why not? He was right about Boris being a rubbish PM!??
234
25/02/2021 10:53:19 4 5
bbc
And that makes him right about everything?? FGS, Slim, a particularly stupid child could have told you Boris would be a rubbish PM. But we aren't going to give that child the editorship of the economist, are we??
11
25/02/2021 10:35:42 5 27
bbc
I tried to tell everyone we would be at war if you voted the Tories in at the next election. Never would even i expect them to have stooped so low as to unleash a deadly virus on the entire world and try to blame China. That's your evil Tory for you though.
42
25/02/2021 10:38:29 7 5
bbc
Get help, dear boy/girl/non-binary person, get help.
43
25/02/2021 10:38:36 5 17
bbc
reduce the personal tax allowance for over 65, they need to chip in for the costs thay have caused
133
25/02/2021 10:46:22 2 2
bbc
Oi! We're not all thick Brexiteers. Could be argued the young who couldn't be bothered to vote let this damaging project happen over a marginal result. 25% still support Brexit (recent polls) - still an astonishing number in the face of all the evidence but way short of a simple majority.

Actually the Ref split was more to do with education or lack of) than age.
11
25/02/2021 10:35:42 5 27
bbc
I tried to tell everyone we would be at war if you voted the Tories in at the next election. Never would even i expect them to have stooped so low as to unleash a deadly virus on the entire world and try to blame China. That's your evil Tory for you though.
44
25/02/2021 10:38:41 1 3
bbc
No it didn't come from China did it.
45
25/02/2021 10:38:45 8 11
bbc
The damage from Brexit will be FAR bigger - and it never ends. Every day further examples of the bleedin' obvious emerge but apparently 25% still think it was a good idea. Doh! At least the gobby, awkward, fishermen who fought over their 0.2% of the economy have got an early cummupance. No sympathy whatsoever!
46
Ray
25/02/2021 10:38:46 5 8
bbc
All that money that was just conjured up out of thin air needs to be paid back with real money from a broken economy.
No-one seems to know who we borrowed it from and who we pay it back to.
47
25/02/2021 10:38:49 53 38
bbc
The Tories have done serious long term damage to the UK economy.
Sooner or later even their own brainwashed supporters are going to have to admit that to themselves.
94
25/02/2021 10:43:22 39 42
bbc
But that damage and the damage from Brexit pale into insignificance when compared to the never ending damage of Brexit. No point denying it Brexiteers, the evidence is there already, despite the cloak of Covid being thrown over it.
98
25/02/2021 10:43:37 12 14
bbc
Though I doubt Starmer & Co would be much better.
395
25/02/2021 11:07:06 6 2
bbc
It is good to know that everyone else would have saved the world in their place
827
25/02/2021 11:49:49 2 2
bbc
The Chinese have done serious long term damage to the UK economy
954
25/02/2021 12:06:17 1 0
bbc
Yes but they seem to have convinced people they are good with the economy. Why I don't know after years of cuts with no improvements. Supporters argue more employment, yes, but exceptionally low wages.
25/02/2021 13:21:13 0 0
bbc
I've already seen the light.
48
25/02/2021 10:38:50 28 6
bbc
We know that austerity simply strangles growth and investment- we tried it for 10 years and the UK economy simply stagnated. Every other major Western economy is planning a massive fiscal stimulus, the UK needs to do the same otherwise we'll be left behind.

Do not fall for the lie that the British economy is like a "household", we have a central bank and the gov can issue bonds lol.
25/02/2021 14:27:57 3 0
bbc
What have we done the last 12 years
QE
TFS
TFSE
HTB
All equates to £1,000,000,000,000,000+ to inflate asset prices, house and share prices bonuses etc.
House prices are now well above 2008 levels yet for a massive section of the population real wages have stagnated.
It was a double whammy be both parties. Austerity hits poor, QE gives more to those that have most.
Less we forget 30% VAT hike.
25/02/2021 20:57:33 0 0
bbc
The industrial revolution was created because of a massive borrowing made to build a new royal navy. All that money was spent in the UK in UK timber, ripe, guns, powder, food and drink. It created massive demand full employment and the money to invest in making machines to build the ships. It was similar in the 1930s with huge loans to businesses which got us going after the depression
117
25/02/2021 10:45:07 0 3
bbc
Really, still pedaling this nonsense. Every year some ill informed person (keeping it clean!) says the NHS is being sold off and every year nothing happens.
50
25/02/2021 10:39:00 14 10
bbc
The word "Lord" is somewhat irritating, we must get that house of sleep shut down it costs too much money for little or no return. I have to deal with one who's great uncle made biscuits...the tax payer funds his massive estate now and he's a smelly layabout.
232
25/02/2021 10:53:10 4 2
bbc
It is not even the cost that is the main issue - the fact that they are unelected should make any supporter of a modern democracy angry. Sadly it doesn't and the majority are largely uninterested.
13
25/02/2021 10:35:45 264 124
bbc
Every consumer's priority must be to Buy British and support British enterprises. Forego this year's trip to Spain and holiday at home. We're all in this together!
51
25/02/2021 10:39:07 50 10
bbc
It's not that easy finding something British to buy. We can't even manufacture our own PPE
190
25/02/2021 10:43:20 24 47
bbc
Most of my possessions are British made. And I currently boycott anything from the EU.
561
25/02/2021 11:23:24 3 0
bbc
Think about that
774
25/02/2021 11:44:55 2 1
bbc
The UK now makes 70% of its PPE requirements within the UK.
52
25/02/2021 10:39:08 310 57
bbc
It does sound as though the government plan is to invest in science, encourage economic growth, manufacturing, so the debt gets reduced as a proportion of GDP.

Rather than the heavy taxation and/or austerity.

The debt at the end of the second world war was over 2x GDP, whereas now its about 1x GDP.

If we are sensible, we should be O.K.
160
25/02/2021 10:48:32 190 204
bbc
I think you're in for a rude awakening. It would be good to invest but this shower don't have the vision I'm afraid unless we're talking about tunnels to the IOM and onwards...........
169
25/02/2021 10:49:20 39 35
bbc
"If we are sensible, we should be O.K." It was going so well til this!

You want sensible from a Boris populist Govt? Cats in hell stand more chance!??
181
25/02/2021 10:50:13 39 6
bbc
Why can't they do both, there are plenty of massive companies out there that pay little to no tax, these loopholes need closed.

and don't say closing them will mean we will lose jobs, they will also lose a market place which I reckon they won't be willing to do.
211
25/02/2021 10:49:00 20 3
bbc
We weren't running a massive trade deficit then every year.

And people weren't used to living beyond their means.
215
jon
25/02/2021 10:52:04 26 1
bbc
Yes indeed. With interest rates so low, debt reduction needs to be spread over the longer term. Most countries are in the same boat.
240
25/02/2021 10:51:27 24 29
bbc
That's a fair assessment, but not the one the Far Left London anti UK anti Imperialist & Colonialist champagne socialists, want to hear.
284
25/02/2021 10:56:48 14 11
bbc
Yes, but we grew the economy after the second world war by increasing our population by nearly 20m from less than 50m in 1945 to nearly 70m now, which generated more income.

Are you proposing we do the same and grow/import another 10m or so people to bolster our GDP, or do you have another way of increasing everyone's output?
310
25/02/2021 10:59:22 19 4
bbc
This country has a good reputation for paying our national debts. It takes decades but we always manage it.

The government is right to invest in science and encourage economic growth. It must entice investment and overseas companies to come here with lower taxes and less red tape.

Tax loopholes must be plugged to keep money here and create fairness for everyone.
350
25/02/2021 11:02:07 14 11
bbc
Very big IF., given those entrusted with our governance
621
Jim
25/02/2021 11:29:13 5 1
bbc
The problem is, we now buy so much tat in that the UK balance of payments are worrying.

WE need to seriously look at where we are buying our goods from and see how we can encourage the manufacturers to bring back the work from large parts of asia - people power can do it.
645
25/02/2021 11:31:51 2 0
bbc
After the second world war we owed long-dated debt to others at interest. Today just under half of what we owe is owed to ourselves and has all the interest forgiven, and when the capital is due is rolled over so never paid back. QE money created out of thin air by the BoE and lent to the government.
702
25/02/2021 11:38:21 3 1
bbc
Absolutely agree with this. 2010-2020 rather proved again (if indeed it needed proving again as history has proved it plenty!) that economically Austerity simply slows economic growth and provides small deficit and debt benefits in the short to medium term.
Science, fibre broadband, green energy, even space exploration with a view to mining resources are far better ways to go in the long term.
759
25/02/2021 11:29:54 2 1
bbc
Since when does the words politician and sensible appear in the same sentence ?
798
25/02/2021 11:47:05 2 1
bbc
With Johnson at the helm impossible. Spin and more spin will be the order of the day.
814
Pip
25/02/2021 11:49:03 1 1
bbc
Ah, Cuckoo land..............?
953
25/02/2021 12:06:09 1 1
bbc
So lets see. The pensions debts have reached 14 trillion [off the books]. Annual rate of increase above 10% per year.
Do you think you can reduce that debt with your plan?
25/02/2021 12:14:58 1 0
bbc
Why are you referring to GDP? This is about zero at present so unless it is pegged to pre-Covid GDP it is a bit meaningless.
25/02/2021 12:22:27 0 0
bbc
EU sucked Britain dry
25/02/2021 12:26:16 0 0
bbc
Fact check. Debt to GDP ratio is now greater than 2. With other liabilities (e.g. PFI) the real number should be much higher. Please post accurate statements.
25/02/2021 12:35:10 0 0
bbc
Definitely Sane. Thank goodness we finally have a serious sensible comment. Thank you Sir.
25/02/2021 12:48:23 1 1
bbc
The debt now is 2 x GDP, but the Government don't count all commitments, such as state pensions. They cherry pick their figures.

We're in a big mess!!
25/02/2021 12:56:07 1 0
bbc
Except you're ignoring the much higher levels of private debt plus huge public sector pension liabilities that probably mean total UK debt today/near future exceeds that post WW2. The Keynesian economic model of pouring money into an economy to create miraculous growth that outgrows the debt mountain is totally unproven as the worsening debt/GDP figures show. What happens when the next crisis hits
25/02/2021 13:22:36 0 3
bbc
Sensible? OK? We've just deliberately shot ourselves in the foot and want to risk billions and billions of pounds just because some very old white people don't like freedom of movement of people.

We have not been sensible. Should we still be OK?
25/02/2021 14:00:38 0 0
bbc
Finland I think is only known country to have paid off its second world war reparations - the rest are still paying it off or disputing it.
UK has not been sensible since the 1950's there has been steady consistent decline in global dominance. Its not just debt ratio its what do you plan to achieve with the borrowed money? The quality professionals, trades people is no longer here its a dead cat
25/02/2021 14:31:29 0 0
bbc
After WW2, there was not too much competition, and the UK still had its captive empire market.
25/02/2021 17:37:10 0 0
bbc
We have not been 'sensible' for decades...economic decline for the majority is inexorable (Boris's chums the exception of course).
26/02/2021 04:58:00 0 0
bbc
"If we are sensible"

You are kidding of course
26/02/2021 09:06:20 0 1
bbc
At the end of WWII debt to GDP ratio was high because so much industry was focused on war production. The ratio was effectively a mirage, as industry returned to normal production and the workforce returned from active service to industrial productivity GDP climbed rapidly, and in so doing the mirage melted away.
This situation is very different, we don't have the same growth potential.
13
25/02/2021 10:35:45 264 124
bbc
Every consumer's priority must be to Buy British and support British enterprises. Forego this year's trip to Spain and holiday at home. We're all in this together!
53
25/02/2021 10:39:12 36 9
bbc
Except all I hear from the inhabitants of our holiday counties like Devon and Cornwall is what a nuisance visitors are. Can't blame people for wanting to go where they are welcomed.
54
25/02/2021 10:39:14 3 8
bbc
Maybe Hammond needed to tell the truth in the past, he's just trying to cause discontentment , we all know we are going to have to work to get our country back on its feet.
188
25/02/2021 10:42:44 0 1
bbc
“we are going to have to work to get our country back on its feet.”

Kill it now while it’s down

Otherwise it will get up and start spreading racial hatred again
55
25/02/2021 10:39:27 22 25
bbc
'Former Chancellor Lord Hammond '

'Former' being the main word.
194
25/02/2021 10:50:54 7 6
bbc
He was right about Boris being a hopeless PM though!??
595
SJ
25/02/2021 11:27:01 0 0
bbc
Hammond is the main word. Did you not learn precis at school ?
1
25/02/2021 10:32:11 17 40
bbc
Property and Pensions will be a good place to start to pay back the debt.

Triple Lock...in the bin.

Increase Capital Gains Tax on property…absolutely.
56
25/02/2021 10:39:30 9 9
bbc
Yeah the pensioners are going to have to take their fair share. Maybe one less posh coffee a day and not have the latest iPhone for them..........
79
25/02/2021 10:41:21 8 4
bbc
Do you know any pensioners?

Doesn't appear that you do.
509
25/02/2021 11:17:51 0 1
bbc
It is plain that Bonds yields are currently shooting up, the US 10-year is through the roof and Gilts making similar gains, we have got to get this debt down.

All tax is ultimately paid by the general population, it is just a case of deciding where it is most appropriate given the circumstances.
57
25/02/2021 10:39:35 5 7
bbc
Like it or not we will all be paying for Covid once we come out of Lockdown. Anyone on PAYE is gong to get hammered and the younger generation will be paying for it for life.
85
25/02/2021 10:42:14 5 1
bbc
Nothing new here, we paid for WW2 and the slavery reparations. Each generation ends up with responsibility for repaying something.
8
25/02/2021 10:35:21 23 13
bbc
"says he has tons of oysters sitting on his farm that he cannot sell either to France" - The majority of the fishing industry wanted to take back control of our waters, so that they would have all the fish and all the market - the irony; all the fish, but no market.
58
25/02/2021 10:39:39 11 6
bbc
So create a market by advertising. Works for Over-50s Life Cover, sofas, portable phones, clothes, river cruises, walk-in baths, etc.
255
25/02/2021 10:55:01 3 3
bbc
You don't even need to create a market. Oysters have been part of the British diet for thousands of years....
59
25/02/2021 10:39:48 6 3
bbc
Anyway what happened to the fifty p piece with the ferengi one on one side?
5
25/02/2021 10:34:39 107 29
bbc
Everyone needs to contribute. By either paying more in or taking less out.
60
25/02/2021 10:40:02 101 45
bbc
We're now in a place where logic,truth&debate are usurped by dogma, political cowardice and expediency
The MSM and HMG's propaganda campaign have induced fear throughout, hence the polls are saying whoa.
So that's what we're getting from a populist Gov't.
This PM is incapable of leadership and all the opposition are a sorry mess.
The as yet, unseen consequences of Lockdown are irrelevant to them
25/02/2021 12:27:21 4 2
bbc
very true, but lets not blame the opposition too often. there is very little they can do, a part from shouting. it is a bit like it is my fault if a burgler goes inside a house through a first floor open window on a summer day.. c'mon
25/02/2021 13:25:04 0 2
bbc
What you mean by 'populist' is, of course, that many people voted for them but you didn't.
25/02/2021 14:14:33 1 1
bbc
That is very rich from someone who themselves, was spreading massive amount of misinformation about lockdowns and the COVID-19 pandemic on this HYS. You are a hypocrite, being guilty of that you criticize, and part of the problem which you described.

You will state anything and everything, True or false, that suits only your agenda.
11
25/02/2021 10:35:42 5 27
bbc
I tried to tell everyone we would be at war if you voted the Tories in at the next election. Never would even i expect them to have stooped so low as to unleash a deadly virus on the entire world and try to blame China. That's your evil Tory for you though.
61
25/02/2021 10:40:07 2 1
bbc
It is a sad state of affairs when I cannot tell if you are being serious or not.
62
25/02/2021 10:40:09 387 37
bbc
I dread to think how many 'zombie businesses' are out there, who are effectively beyond rescue but being kept alive by furlough payments.
292
25/02/2021 10:57:53 220 251
bbc
do you mean boris's pal's companies
326
25/02/2021 11:00:06 12 7
bbc
Most of them will probably get their long postponed "headshot" when the business rates holiday ends, and very large payments become due next month.
366
25/02/2021 11:03:56 40 7
bbc
and if Furlogh HADN'T happened, there'd have been thousands of hysterical comments on here about the government "abandoning businesses"
386
25/02/2021 11:06:20 25 9
bbc
Why? Because it denies you the pleasure of crowing over the disappearance of small businesses that families have built up over decades or even generations? How you'd love to dance on the graves of those evil capitalists who run the local pub, that small family toy shop, artisan food company, carpenter, small specialist manufacturer...they are the ones going under. The big boys will be just fine.
578
25/02/2021 11:25:12 20 12
bbc
The PM won’t be too interested as we are not near an election. Not a fan of Hammond, but he is right that Johnson is a populist which why he changes his mind and goalposts on a frequent basis; in simple terms he is not a leader but a follower.
637
25/02/2021 11:30:23 10 2
bbc
You're right - and let the people starve …. how compassionate.
819
25/02/2021 11:49:23 14 13
bbc
The lockdown fanatics are about to reap what they sowed.
895
25/02/2021 11:58:44 8 0
bbc
Far too many I would guess, for some it is tragic and hard work lost, others simply over leveraged in the first place. Hard truth is if you run a business the potential rewards come with the potential risks.
907
25/02/2021 11:59:53 6 10
bbc
I wonder how many of were Zombie business before the pandemic, TfL springs to mind, how they have secured funding is beyond the pale, and they have now managed to hide the billion quid they were in the read before the pandemic as well.... crazy
25/02/2021 12:19:23 0 0
bbc
deal drugs money launder and business keeps going
25/02/2021 12:49:02 0 0
bbc
I also worry about business that were struggling before the pandemic but claimed the assistance and as soon as that stops the business will fail.
25/02/2021 12:54:17 2 0
bbc
Within a year you won't find anyone who will admit to have been pro-lockdown.
25/02/2021 13:04:31 2 1
bbc
'zombie businesses' we have a Zombie government
25/02/2021 13:06:16 2 1
bbc
If the !!BOOOM!! promised a week ago happens then they won't be 'zombie businesses' will they?
They will continue to thrive as Before Covid, expanding madly, on the back of the Brexit Bonus!!
Minimum Wage will increase to £350m a week!!!
Well DONE Saint Boris, Saviour of GREAT Britain!!! Hurrah!!!
Hahahaha! We can't FAIL!!!!!! AHAHAHAHAHA....!!!
{Sorry just went a bit Happy Clappy there....}
25/02/2021 15:35:01 0 0
bbc
loads and loads, some are being made obsolete by internet purchasing, some by consumers switching off eg not spending, some are happy to keep milking the system .
25/02/2021 18:07:02 0 0
bbc
Businesses dying during this crisis is not a major concern. New businesses will sprout from the ashes when the crisis ends.

But this has been a wake up call to the dangers of automation. Because when the AI powered hardware revolution matures, these new businesses won't need so many of you to work for them to function. And no, everyone being retrained to be hardware technicians isn't realistic!
25/02/2021 18:56:05 0 0
bbc
? But arent the payments based upon the 3 year average PROFIT ? If a dying business = minimal payout. Thriving business = bigger payout........
25/02/2021 23:04:35 0 0
bbc
Uk government for one...
20
25/02/2021 10:36:15 139 16
bbc
If people are sensible then they should be planning ahead now for tax rises in a year or two. The government should be honest that this is coming up and give plenty of warning. The UK has borrowed from the future to tide us over the emergency of today. That's only right, but let's not kid ourselves that it doesn't need to be paid for at some point.
63
25/02/2021 10:40:11 72 6
bbc
But the Govt wants people spending to boost tax revenues! So it's a quandary for them!??
747
25/02/2021 11:43:14 2 5
bbc
Yes but spend on British products not foreign products
25/02/2021 20:48:09 0 0
bbc
Spending only helps if it is spent in this country on products and services from this country. The example must be set by government. no more German police cars or American fighter jets, no more Turkish ppe and no more giving foreign aid as cash
64
25/02/2021 10:40:12 9 10
bbc
Truths, of any sort, from politicians? Dream on
36
25/02/2021 10:37:51 20 15
bbc
He told the BBC that dealing with the pandemic had been the financial equivalent of "fighting a war".

A war which needed a mass amount of monies, which they provided, to all.
65
25/02/2021 10:40:14 29 25
bbc
A war where the people in charge have made the wrong decisions again and again and caused the highest casualty levels of any G20 nation to their own people.
271
25/02/2021 10:55:50 4 6
bbc
Rubbish, had people done what they were asked to do then there would have been fewer 'casualties'. Too many at the beach / rave / wedding have caused this level of pain.
580
25/02/2021 11:25:16 3 3
bbc
And everyone else knows, with hindsight, what should have been done instead.
It is conveniently forgotten how many lives have been saved by this Government's actions and also the contribution by the private sector in supplying medicines and equipment that have been proven to save lives (and I am not talking about PPE).
No doubt obesity and underlying health problems will prove to be major factors
27
25/02/2021 10:37:14 7 9
bbc
Nice to hear some sensible, reasonable, trustworthy & honest Conservatives again. They’ve been missed; the populist clown show will only get you so far. Let’s hope Rishi is the former rather than the latter.
66
25/02/2021 10:40:19 2 2
bbc
? Con by name . . .
37
25/02/2021 10:37:59 23 5
bbc
Hammond was a good Chancellor who warned that Boris wouldn't make a good PM....... and he was spot on!??
67
25/02/2021 10:40:23 2 6
bbc
Gosh, what an insight! No-one else would have foretold that!!
13
25/02/2021 10:35:45 264 124
bbc
Every consumer's priority must be to Buy British and support British enterprises. Forego this year's trip to Spain and holiday at home. We're all in this together!
68
25/02/2021 10:40:30 33 36
bbc
No way, José. I’m not spending a penny in this country that I don’t need to spend. Spain, France and Portugal, Malaysia, Thailand and Indonesia will get my hard earned holiday cash.
206
25/02/2021 10:43:55 15 17
bbc
But you don;t live in the UK anyway do you?
233
25/02/2021 10:53:12 26 30
bbc
This is hardly a shock from yourself considering your long history of posting anti-UK rhetoric on these boards.

I imagine you are not even British, rather an EU shill.
313
25/02/2021 10:59:31 14 13
bbc
If you can't support the country you reside in then why not emigrate? Why punish yourself and everyone around you? The UK is far from perfect but have you any concept of what it is like to live anywhere else?
501
25/02/2021 11:17:08 1 1
bbc
Hopefully by the time you want to spend your cash they have caught up with the vaccination regime and you can go there safely. It looks dodgy at the moment.
4
25/02/2021 10:34:19 13 13
bbc
In my home the truth would be announced simply - "We're screwed".
69
25/02/2021 10:40:39 4 3
bbc
Your screwed if you give in and don't work towards normal.
334
25/02/2021 11:00:30 0 1
bbc
Normal is overrated.
70
25/02/2021 10:40:40 3 3
bbc
when does any government tell truth especially when it's going to be bad news
71
25/02/2021 10:40:40 30 21
bbc
Covid is causing enormous damage to the economy but it will gradually end within a year or so. After that covid will be blamed for the never ending damage of Brexit. It's not surprising that only around 25% think Brexit was a good idea now.
450
25/02/2021 11:12:28 9 4
bbc
Covid will be used by this Govt as an excuse for any economic ills for many years to come.
524
25/02/2021 11:19:14 2 2
bbc
And if the EU can keep finding things to hit the UK economy with then they will continue to do so no matter what the hurt to their own people. It will be interesting to see how they respond if Brits stop buying goods that they don't actually need to from the EU. Even if only 25% did so it would have a serious impact
13
25/02/2021 10:35:45 264 124
bbc
Every consumer's priority must be to Buy British and support British enterprises. Forego this year's trip to Spain and holiday at home. We're all in this together!
72
25/02/2021 10:40:45 46 6
bbc
I agree with you 100% but unfortunately Nick there's no "We're all in it together".... ! This country is full of the "I'm alright Jack brigade" !!
73
25/02/2021 10:40:45 25 23
bbc
Another ex cabinet minister with a grudge looking to improve his profile with unhelpful comments. Doubt he kept the public informed during his time as chancellor. Good old Aunty Beeb still managing to dig these people up for their comments
114
25/02/2021 10:44:52 7 6
bbc
Don't you like tories ?
74
25/02/2021 10:40:49 15 16
bbc
Former Chancellor Lord Hammond has said the government must risk unpopularity and tell "some difficult home truths" about the state of the economy.....so says one of the greatest wastes of space as Chancellor in history. I would not trust Hammond to run a tap.
110
25/02/2021 10:44:22 7 3
bbc
He's well placed to comment on this Govt then!??
75
25/02/2021 10:40:52 11 9
bbc
Someone who doesn't like the current Tory leadership spins a negative story. Phillip Hammond is no better either!

They are right though. This two trillion debt has to payed back. Tax more or spend less, there is no third option.
103
25/02/2021 10:43:49 3 1
bbc
There needs to be one though! Taxing the peasants after a global pandemic has been totally mismanaged, with the added fiasco of Brexit, the Tories will get annihilated at the next GE! ??
109
25/02/2021 10:44:25 0 1
bbc
Banks could bail us out for a change ?
115
25/02/2021 10:44:56 0 1
bbc
Finally, someone telling the British people what they need to hear... irrespective of whether they like it or not.
220
25/02/2021 10:52:20 0 1
bbc
It's not just tax more, it is really who you tax and how. We frequently hear Tory Govts say there is no money when times are lean. There is always plenty of money, it is just generally in all the wrong places and with the wrong people.
76
25/02/2021 10:40:52 12 8
bbc
We all need to pay to get this huge debt down but please, let’s start with big business and get them paying their fair share before asking those lucky enough to still have an income to contribute.
83
25/02/2021 10:41:52 6 9
bbc
So they move out of the UK? Genius plan!??
77
25/02/2021 10:41:15 252 47
bbc
Did Hammond give 'home' truths' during his period in charge ?
262
25/02/2021 10:55:33 107 62
bbc
So that would make it ok for the lies/hiding of the truth to continue?

Two wrongs don't make a right, pretty sure most people are taught this in their childhood
297
25/02/2021 10:58:20 27 7
bbc
Yes, that's why he got the boot when Johnson came in.
358
25/02/2021 11:02:46 23 6
bbc
Yes
Why he was fired.
389
25/02/2021 11:06:43 27 6
bbc
He spoke up about the short-mid term economic costs of Brexit, and the expected disruption it would cause - and was promptly sacked for it.
So sounds like he did give some uncomfortable "home truths".
567
SJ
25/02/2021 11:24:10 12 3
bbc
Yes.
635
25/02/2021 11:30:05 14 9
bbc
Short answer, yes. But it wasn’t what the Brextremists wanted to hear, so that’s why he got the chop.
638
25/02/2021 11:30:47 4 6
bbc
No, he just talks about the tiny fishing industry
693
25/02/2021 11:20:24 7 14
bbc
No, he lied and lied especially about brexit
707
25/02/2021 11:38:57 4 10
bbc
He did and the anti-UK pro-Brexit snowflakes got triggered by being told that their stupid fantasy would harm the economy.

Most centre right sensible people are pro-UK anti-Brexit but they get shouted down by the far left pro-Brexiters
805
25/02/2021 11:47:52 7 3
bbc
I think he did. That's why they got rid of him.
880
25/02/2021 11:56:45 3 0
bbc
To be fair to him, he was a chancellor of austerity, so at least his message is consistent.

But he served under May, who said one thing and did another, which is the worst sort of populism: listen to what I'm saying - don't judge me on my actions.

Johnson's much more transparent: he just hates saying 'no', which builds up its own problems, and really isn't a leadership trait.
25/02/2021 12:25:21 1 1
bbc
Yes, he was very clear about the negative impacts of Brexit. And it looks as though some of his predictions are coming about. Currently they are hidden by the pall of the pandemic. But they are there nevertheless.
25/02/2021 12:40:53 1 0
bbc
Was there a pandemic crisis during that time?
25/02/2021 13:08:06 2 0
bbc
A bit rich for the worst Chancellor in recent times to lecture the British people about home truths!
25/02/2021 13:18:45 0 0
bbc
Hammond was a pretty tight Chancellor.
25/02/2021 14:56:32 0 0
bbc
Since 2008 most Government borrowing has been through its bank, the BoE, buying Government corporate bonds:

https://www.theguardian.com/business/2019/mar/08/the-verdict-on-10-years-of-quantitative-easing

The BoE is part of Government:

https://www.bankofengland.co.uk/knowledgebank/who-owns-the-bank-of-england

The BoE has conjured the money it has used to buy Government bonds out of thin air.
25/02/2021 14:58:40 0 0
bbc
The BoE has also been, since the 2008 crash, buying back Government bonds from financial institutions, who have in turn bought more Government bonds; and it's been going in that circular motion ever since.

This is all funded by the money conjured out of thin air; it has redirected lots more wealth to the rich, whilst we have been sold the lie we need to repay it through austerity & wage freezes.
25/02/2021 14:59:04 0 0
bbc
• When interest rates are extremely low or, as they are currently, at a negative rate, institutions are paying the Government to look after their money.

It's a game of smoke & mirrors proving that the economy has always been contrived & manipulated.

There is no need to raise our taxes, depress our wages or impose austerity on us. Will YOU fall for it again?
25/02/2021 15:00:21 0 0
bbc
If people doubt what I am saying they can read up on it here:

https://www.bankofengland.co.uk/monetary-policy/quantitative-easing

https://www.bankofengland.co.uk/markets/market-notices/2020/asset-purchase-facility-additional-corporate-bond-purchases

It's not as if the BoE hides what the Government is doing.

The BBC doesn't explain the circular bond buying as I do above. I wonder why?!
26/02/2021 09:47:55 0 0
bbc
Yes.
Often.
He was fired.
26/02/2021 11:55:35 0 0
bbc
Give example of when he did not please. Most underrated Chancellor since Ken Clarke imho.
36
25/02/2021 10:37:51 20 15
bbc
He told the BBC that dealing with the pandemic had been the financial equivalent of "fighting a war".

A war which needed a mass amount of monies, which they provided, to all.
78
25/02/2021 10:41:16 12 9
bbc
But mostly to Bozo's mates
56
25/02/2021 10:39:30 9 9
bbc
Yeah the pensioners are going to have to take their fair share. Maybe one less posh coffee a day and not have the latest iPhone for them..........
79
25/02/2021 10:41:21 8 4
bbc
Do you know any pensioners?

Doesn't appear that you do.
204
25/02/2021 10:51:52 2 9
bbc
Loads, a lot of them have benefitted from DB pensions and ever increasing house prices. If only young folk had the same (unearned) opportunities
80
25/02/2021 10:41:39 12 13
bbc
So what will Boris do once the Covid crisis is over? Keep on spending or turn to a severe form of austerity? If he chooses the former, the BBC's legion of luvvies will be in a bit of a quandary, as they will want to argue the opposite! Still, rank hypocrisy has never bothered them before eh?
138
25/02/2021 10:46:52 4 4
bbc
If your on here, doesn't that make you one of the BBC luvvies.
81
25/02/2021 10:41:41 12 15
bbc
Why interview an irrelevant former chancellor other than to provide negative anti-government comments?
100
25/02/2021 10:43:39 3 2
bbc
Gosh I cannot imagine.
Entertainment dressed as education ?
122
25/02/2021 10:45:44 0 1
bbc
You want a government that isn’t questioned? Try living in Russia or North Korea
189
25/02/2021 10:43:12 0 1
bbc
Correct
82
25/02/2021 10:41:45 8 14
bbc
Aside from COVID the economy is being wrecked by Brexit, the costs to businesses are huge, which is why many are setting up in Netherlands of stopping exporting. How do you tell ‘home truths’ though when anything said about the realities of Brexit is dismissed by Brexiteers who will only accept the right wing tabloid version of Brexit and stick their heads in the sovereign sand?
107
T
25/02/2021 10:44:20 0 3
bbc
The effects of Brexit are miniscule when compared to Covid. Not saying it's not having an impact but the latter has been a far more serious problem.
76
25/02/2021 10:40:52 12 8
bbc
We all need to pay to get this huge debt down but please, let’s start with big business and get them paying their fair share before asking those lucky enough to still have an income to contribute.
83
25/02/2021 10:41:52 6 9
bbc
So they move out of the UK? Genius plan!??
84
25/02/2021 10:42:10 11 6
bbc
Here's an uncomfortable home truth about our economy: the UK is a hub of dark money laundering and tax evasion, and the the party in power will never tackle that as they are knee deep in it.
134
25/02/2021 10:46:24 7 1
bbc
Yes folks, we're the world's leading money launderers. A good deal of it comes from the illegal drugs trade. Makes you proud to be British doesn't it?
790
T
25/02/2021 11:46:06 0 2
bbc
And what evidence do you have for these claims? Are you seriously suggesting that MPs are involved in criminal money laundering?!
Why make allegations with no substantive evidence? That's just fake news!
57
25/02/2021 10:39:35 5 7
bbc
Like it or not we will all be paying for Covid once we come out of Lockdown. Anyone on PAYE is gong to get hammered and the younger generation will be paying for it for life.
85
25/02/2021 10:42:14 5 1
bbc
Nothing new here, we paid for WW2 and the slavery reparations. Each generation ends up with responsibility for repaying something.
86
GCP
25/02/2021 10:42:27 4 13
bbc
Of course "Downing Street would rather be popular than do the right thing."

That's how we got into this mess.
175
25/02/2021 10:49:39 0 1
bbc
Except that "the right thing" depends on your perspective. One person's right thing is another idiotic action. There are no absolutes in things; right and wrong change all the time.
208
25/02/2021 10:45:06 0 1
bbc
So what's your solution?
31
25/02/2021 10:37:35 244 75
bbc
Like with many Government policies over decades, the budget will have largely been decided by lobbyists and media oligarchs paying politicians to act in the former’s interests, not that of the electorate.

We will never get a budget that’s fair and effective, until the electorate see through the oligarchy we have and seek its downfall.
87
25/02/2021 10:42:35 213 30
bbc
22 billion on T,T&T. How much profit did Serco make on that one ‘project’ alone?
150
25/02/2021 10:47:37 30 7
bbc
Serco profit over £300million! We got ripped off a treat! Even the CEO admits it's taken nearly a year to get it right! But hey, Boris had to move quickly after being goaded at PMQs again!??
378
25/02/2021 11:05:08 8 4
bbc
As a percentage. a hell of a lot less than that on childrens' meals' I would guess.
But still substantial.
723
25/02/2021 11:21:37 2 0
bbc
According to the figures they made 1% of their annual profits out of and during the covid thing.
837
25/02/2021 11:50:45 2 0
bbc
https://www.bbc.co.uk/news/business-55345452 “Revenues are expected to rise 19% to £3.9bn, while underlying profit is set to grow by around 35% to between £160m and £165m.” Hardly £22 bn, is it??

Serco is a FTSE top 250 company managing over 500 contracts worldwide. Employs over 50,000 people and operates across UK & Europe, N America, Asia Pacific and the Middle East. https://www.serco.com/
25/02/2021 12:37:05 0 0
bbc
Yet about 8 times a day Starmer was on TV with Piers Morgan demanding effective test track and trace immediately at any cost.
25/02/2021 13:47:02 0 0
bbc
As soon at the Pandemic started and they started throwing money at the NHS and everything else..it was obvious that it was a 'Debt' Creation cycle. in forlorn attempts to create Inflation! They've been doing the same along with the USA and now the EU with every more 'currency creation' ! The lie' will eventually come to an end and we can ALL be set Free!
25/02/2021 23:05:46 0 0
bbc
circa 10billion
11
25/02/2021 10:35:42 5 27
bbc
I tried to tell everyone we would be at war if you voted the Tories in at the next election. Never would even i expect them to have stooped so low as to unleash a deadly virus on the entire world and try to blame China. That's your evil Tory for you though.
88
25/02/2021 10:42:37 2 1
bbc
Are you attempting a satire of "sorrysorrysorry"??
89
25/02/2021 10:42:45 4 5
bbc
'Ordinary' working people will undoubtedly suffer what ever the Chancellor decides to do. Tory 'friends, sponsors and donors' will not. As we have already seen.
No HYS opened for any Scottish matters for 2 days now. Can't be anything interesting happening up there politically at the moment?
148
25/02/2021 10:47:29 1 3
bbc
Maybe afraid Crown Office (i.e. NS) might censure them.
90
25/02/2021 10:42:45 522 74
bbc
Most people think government money grows on trees and is replaced each year by the money fairy from Never Never Land.
They demand more spending and lower taxes.
No wonder personal finances are in such a mess as well.

60 years ago my coal miner father told me ‘son buy nowt ya canny afford’
112
25/02/2021 10:44:39 485 360
bbc
but Boris found a complete money forest..................but gave it all to his useless friends
A Scot living in Yorkshire? Removed
235
25/02/2021 10:53:30 86 28
bbc
We want lower taxes for ourselves, problem is that lower taxes only ever seem to be applied to the mega rich and large corporations even though they could really help our public purse
244
25/02/2021 10:53:58 74 8
bbc
Theresa May, for all her shortcomings, did say that there is no magic money tree. There still isn't and the extra money will have to be earned over a very long period.
273
25/02/2021 10:55:53 67 35
bbc
There IS a money tree, because Theresa May found it and gave it a good shake to buy the support of the Unionists.
280
25/02/2021 10:56:27 4 2
bbc
My policy now.
Result?
Rubbish credit report.
Catch 22,
287
25/02/2021 10:57:29 16 7
bbc
Government debt is entirely a different thing to personal finances. First of all, when the government spends borrowed money, that inevitably circulates around the economy, generating GDP growth and increased tax revenues. Secondly, a large portion (1/3) of debt is taken out from the central bank, which is essentially the government borrowing from itself.
293
25/02/2021 10:57:54 21 14
bbc
It is worth remembering that the government actually print the money. The money supply is actually in their control. However, 10 years of self imposed austerity meant that when the pandemic arrived, everyone was ill prepared to deal with the crisis.
318
25/02/2021 10:59:47 21 3
bbc
Good advice from your Dad.
345
25/02/2021 11:01:23 8 8
bbc
Most people think household budgets and national budgets are basically the same thing. It doesn't make sense to compare the two.
433
25/02/2021 11:10:56 13 3
bbc
Even before Covid, even before Cameron, the UK economy was a basket case. Too many imports, too few exports, too little investments, too little innovation.
There is money available. But it should not be government borrowing, but unlocking the masses of cash UK business’s have squirrelled abroad tax free.
Get it back. Get it invested.
464
25/02/2021 11:02:11 18 7
bbc
Thats old hat, Boris and Matt have managed to find 22 billion English pound notes to hand out to their mates in the pub.
478
25/02/2021 11:14:45 5 5
bbc
So don’t borrow to buy vaccines, or to help out those forced not to work ?
519
25/02/2021 11:18:25 10 3
bbc
But then during the late 70s the Bank of America realised that they could make a lot of money by people being in debt by waving credit cards in front of their noses. Lloyds jumped onto the band wagon with the Access card. Then together with Thatcher's philosophy of private enterprise and foreign exchange dealers making a fast buck off the backs of others, a whole bank collapsed due to greed.
614
25/02/2021 11:28:49 6 3
bbc
It is with this Government but you have to be in the special gang to receive any....
616
25/02/2021 11:28:54 4 2
bbc
£895bn is QE money created out of thin air by the BoE and lent to the government. All interest payments to the BoE are forgiven and when the capital payment is due the BoE rolls over the debt by using QE to lend the government the money to pay the capital. It's free cash that costs nothing except inflation which is below target. And reversing QE would hinder economic recovery.
27
25/02/2021 10:37:14 7 9
bbc
Nice to hear some sensible, reasonable, trustworthy & honest Conservatives again. They’ve been missed; the populist clown show will only get you so far. Let’s hope Rishi is the former rather than the latter.
91
25/02/2021 10:42:54 2 4
bbc
Rishi is another ex investment banker just like Javid before him. He is one of the people who actually caused the 2008 global economic crash, so don't hold your breath waiting for honesty from that quarter.
92
25/02/2021 10:42:59 4 10
bbc
So we all need to pay back the money hancock etc. stole.

That's the "home truth"
113
25/02/2021 10:44:40 2 1
bbc
Hancock and his pub landlord plus all the other cronies
19
25/02/2021 10:36:12 1 15
bbc
Boris needs to focus on keeping the country united and get Scotland sorted out once and for all. We are living in unprecedented times. He sorted the schools yesterday do Scotland today and Covid t'moz.
93
25/02/2021 10:43:14 4 7
bbc
Sorting out the Scots? Mission impossible. The sooner we get rid of them the better, both economically and for our standing in the world. They drag us down.
47
25/02/2021 10:38:49 53 38
bbc
The Tories have done serious long term damage to the UK economy.
Sooner or later even their own brainwashed supporters are going to have to admit that to themselves.
94
25/02/2021 10:43:22 39 42
bbc
But that damage and the damage from Brexit pale into insignificance when compared to the never ending damage of Brexit. No point denying it Brexiteers, the evidence is there already, despite the cloak of Covid being thrown over it.
173
25/02/2021 10:49:31 14 6
bbc
And the relevance of that comment to this discussion is...........?
251
25/02/2021 10:54:30 9 3
bbc
'But that damage and the damage from Brexit pale into insignificance when compared to the never ending damage of Brexit.'

Pardon?
7
25/02/2021 10:35:09 10 30
bbc
Remainer anti-Johnson broadcaster paid for by compulsory taxation gives airtime to remainer and anti-demoractic anti-Johnson former chancellor and calls it journalism. In other news: Pope admits Catholic beliefs; ursines found to defecate in forests.
95
25/02/2021 10:43:22 12 4
bbc
Brexit again? You got what you wanted. Relax & enjoy it.
199
25/02/2021 10:51:19 4 5
bbc
I am enjoying it - immensely.
96
Ted
25/02/2021 10:43:34 16 5
bbc
make the internet giants pay their fair share of taxes
25/02/2021 13:55:35 2 1
bbc
Imagine the sort of person down voting that.
47
25/02/2021 10:38:49 53 38
bbc
The Tories have done serious long term damage to the UK economy.
Sooner or later even their own brainwashed supporters are going to have to admit that to themselves.
98
25/02/2021 10:43:37 12 14
bbc
Though I doubt Starmer & Co would be much better.
99
25/02/2021 10:43:39 5 9
bbc
Boris could always ask some of his friends down at the snout and trough if he can have some of the trillions he gave them back.
81
25/02/2021 10:41:41 12 15
bbc
Why interview an irrelevant former chancellor other than to provide negative anti-government comments?
100
25/02/2021 10:43:39 3 2
bbc
Gosh I cannot imagine.
Entertainment dressed as education ?