funding Labour manifesto promises

I enjoy lemongrove’s posts! She is always cheery, amusing and unfazed by criticism. (deserved or not)

I do realise we oughtnt to be flippant about important topics but I admit to enjoying some lighthearted ‘virtual conversation’ on them. Otherwise it can get a bit stodgy and po faced (and a bit off-putting to be honest).

Surely I’m not the only bear with little brain who does LIKE to join in with the big hitting beasts on here?

Tax receipts do not fund spending

Tax receipts do not fund spending

Tax receipts do not fund spending

It's a myth

I think that many people had the same reactions as you lot to Roosevelt's New Deal. A massive programme of government spending which lifted the USA out of depression in the 1930s (it funded the building of the Hoover Dam for example)

Government spending will lift the economy, putting money in people's pockets and giving lots of stimulus to private companies. All spending on wages and UK businesses will eventually return to the Treasury by way of taxation, apart from what people save.

Please stop being hung up on the myth that a national economy is like a household economy. It isn't.

See knew you couldn’t.

Don’t you find it embarrassing being constantly called out and never being able to back up your posts?

..... much like the LP manifesto then WWM2 ?

lemon unless you can supply evidence for your assertions - and you can’t - then it is all hot air.

Hilarious: “Alexa, write me a manifesto” ‼️

Nationalisation is a complete waste of money. When BT was in public ownership, you had to wait in a queue for a telephone line, and the quality of service was one of the worst in Europe. The reason for this was simple. As nationalised industries, the public utilities had no interest in efficiency or value for money.

Clowns to the left of me, jokers to the right
Here I am
Stuck in the middle with WHO?

All by myself ....

Thankfully Labour are digging their own grave.

WWM2 .....I suspect a lot of business people are in tears too,
Not to mention much of the general public!

I was hoping for better than a fairy tale, I was hoping for some realistic targets.

Exactly Gaunt47

Yes, we do want good services and should all be prepared to pay for them but by targeting only the very rich (what is rich?
In some areas £80,000 pa income would barely keep head above water if you had a huge mortgage), as you say, the very rich can move overseas with ease or pay well to move their money around.

Businesses need to pay a fair share but how many will relocate?

Under the Conservatives ( last three GE’s) the population of this country has boomed out of all imagination.
The NHS has taken record amounts of money to keep going , and classroom places have spiralled out of control, just to name two things.
They built more council houses than Labour under Blair for a long time, and had the financial crash to contend with.
Labour has committed itself to spending twice what it put forward at the last GE just two years ago....mind boggling amounts.

The labour manifesto is giving so many people so much hope.

Green New Deal Now Blakeley
@graceblakeley
·

I’m halfway through the manifesto and I’m not ashamed to say I’m in tears.

This isn’t just a plan to take on the powerful, it’s a plan to rebuild our society from the ground up - a collective vision for a better

Laura Kuenssberg @ CCHQ Propaganda Dept
@LKTranslator
·
20h
Labour has been in govt for a total of 33yrs & borrowed £500bn = £15.15bn a year

The Tory govt has ruled 9yrs & increased the debt by £1tn = £111.11bn a year.

Tories spent 7.5x more than Labour per year & in 9yrs, doubled what Labour spent in 33yrs.

Exactly Davidhs.....but Labour fans won’t ( refuse actually) to see it!
Oh.....’it’s all costed’ ????
Luckily many voters, including previous Labour ones, can see it’s pie in the sky.

Urmstongran but would he know how to use one?

Oh crikey - can these eejits learn nothing from history? Do they not see that the super rich have always been able, and will continue, to evade taxes, move abroad, etc. It's working people on PAYE who will be paying these bills...

There are only 2 ways to spend more, either borrow more or tax more.

No David, the treasury can also just issue more money via the Bank of England, as it did when it issued £200 billion during the Global Financial Crisis to shore up the banks and guarantee peoples bank deposits up to a certain amount. Also the £60 billion to bolster the pound when it plummeted after the shock referendum result.

They can indeed 'borrow, in the form of issuing bonds which people and institutions buy as a safe option for saving their money. I understand that there is a big demand for bonds at the moment. But with interest rates so low the cost of servicing the interest is probably zero after a year or so when inflation is taken into account.

I don't see where you get the idea that Labour intends to 'borrow to give it all away' comes from? Can you clarify.

This is a very informative site if you're interested. Best read with an open mind, though.

gimms.org.uk/

When Boris Johnson was asked what he would buy Jeremy Corbyn for Christmas, my husband immediately suggested a calculator!

Only if they win Urmstongran which hopefully they wont.

Having vowed to repeal the Trade Union Act within 100 days of taking power, Labour is expected to set out plans to reduce voting thresholds for strike action. Teachers, the firservice, nurses etc will be able to vote to come out on strike in support, of say, the postal workers.

Ring any bells from the ‘70s? Scary stuff.

‘WORKERS UNITE!’ was the clarion call back then and we became ‘the sick man of Europe’.

A Labour source claimed yesterday that the manifesto would “major” on employment and union rights.

To make it easier to strike, the party is expected to lower thresholds for industrial action from 50% of the eligible workers to 40%.

Hold onto your hats .... I can sense another Winter of Discontent coming on!

Never mind when (if?) the Conservative Party manifesto comes out, it will be entirely transparent, fully and openly costed, and be the blueprint for a New World. Can’t wait

Exactly, Whitewave, perspective is important. One of the panel on Question Time last night said the plans would bring our public spending in line with that of Germany. No bad thing, imho.

There are only 2 ways to spend more, either borrow more or tax more.
Borrowing so that production can be increased is OK but borrowing to give it all away is a really bad idea.
Tax more to provide better services, no problem with that but don’t let any one kid you taxing only the wealthy does not gain much. Only taxes the majority pay raises significant revenue and to be brutally honest our age group are going to be a target.