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We were told austerity os over

(12 Posts)
growstuff Thu 30-Jan-20 03:59:29

news.sky.com/story/cabinet-ministers-asked-to-cut-back-departments-by-5-11921071

Apparently it isn't. What a surprise!

In a nutshell, there's no new money. All those promises will have to be financed by taking away from other areas. Even health and defence aren't exempt from finding cuts.

It appears likely that HS2 will go ahead, so where's the money coming from?

growstuff Thu 30-Jan-20 05:48:42

PS Just noticed typo in heading. It should be "is".

Grany Thu 30-Jan-20 09:22:15

Someone's got to pay for millionaires tax cuts after all.

5% more cuts on everything.

And he is doing nothing about reading the way on tackling climate change. Instead investing billions in fossil fuels

Grany Thu 30-Jan-20 09:31:16

Leading the way

Barmeyoldbat Thu 30-Jan-20 10:04:51

Well what did we expect, it was all talk and false promises. I have just had to dig into my savings to pay for private health care on my back to get some relief from pain and find out the problem.

Fiachna50 Thu 30-Jan-20 10:06:55

In my opinion austerity has never been over since 2008. It was over perhaps for the rich, but no one else. We will have another crash sooner rather than later and I think it will be worse than 2008. Mind you, looking around the packed restaurants and coffee shops, not to mention the travel agents, where are all these people with no money?

MaizieD Thu 30-Jan-20 10:42:29

The people packing the restaurants and coffee shops are doing it on borrowed money; those nice credit cards. The amount of personal debt in the economy is at a record high

Britain’s household debt mountain has reached a new peak, with UK homes now owing an average of £15,385 to credit card firms, banks and other lenders, according to the TUC.

The trade union body said household debt rose sharply in 2018 as years of austerity and wage stagnation forced households to increase their borrowing.

The TUC said in its annual report on the nation’s finances that the amounts owed by British households rose to a combined £428bn in the third quarter of 2018. Each household owed £886 more than it did 12 months previously, it said. The figures do not include outstanding mortgage debts but do include student loans.

www.theguardian.com/business/2019/jan/07/average-uk-household-debt-now-stands-at-record-15400

This is a time bomb waiting to explode. It was unregulated credit that caused the 2008 financial crisis. It can happen again...

Fiachna50 Thu 30-Jan-20 11:26:21

Sadly, Maizie it will happen again.

paddyanne Thu 30-Jan-20 11:34:47

Surely nobody is silly enough to believe a Tory ?They lie through their teeth ,or in BOJO's case every time he opens his mouth he lies .

MaizieD Thu 30-Jan-20 11:36:16

paddyanne

Can I just say it's lovely to see you back on here grin I really missed your trenchant comments.

growstuff Thu 30-Jan-20 11:37:33

So what's happening with all that lovely money we're supposed to be going to save from leaving the EU? hmm

MacCavity2 Thu 30-Jan-20 11:47:49

Me too Barmey kidney stone so painful had to pay privately for two procedures. I won’t tell how much, you’ll faint.