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Reform/Farage - economic policies don’t add up.

(297 Posts)
Wyllow3 Tue 18-Jun-24 13:50:18

The Institute for Fiscal Studies thinktank has published its assessment of Reform UK's tax and spending plans and it says they “don't add up”. And they are not just relatively unrealistic, it says. It says the costings are out “by a margin of tens of billions of pounds per year

details:

Reform UK proposes tax cuts that it estimates would cost nearly £90bn per year, and spending increases of £50bn per year.

It claims that it would pay for these through £150bn per year of reductions in other spending, covering public services, debt interest and working-age benefits.

This would represent a big cut to the size of the state. Regardless of the pros and cons of shrinking the state, or of any of their specific measures, the package as a whole is problematic.

Spending reductions would save less than stated,

and the tax cuts would cost more than stated, by a margin of tens of billions of pounds per year.

Meanwhile the spending increases would cost more than stated if they are to achieve their objectives …

Even with the extremely optimistic assumptions about how much economic growth would increase, the sums in this manifesto do not add up. Whilst Reform’s manifesto gives a clear sense of priority, a government could only implement parts of this package, or would need to find other ways to help pay for it, which would mean losers not specified.

BevSec Mon 24-Jun-24 09:21:21

MaizieD they were determined to do so! However, we all think differently and I respect that without calling you gullible! It makes for an interesting world! I have just come back from a holiday to Italy and would not like their political system!

Germanshepherdsmum Mon 24-Jun-24 09:24:34

You cannot be suggesting that the various investigations were biased, and therefore were not properly conducted, surely?

BevSec Mon 24-Jun-24 09:29:24

How do any of us really know what goes on? All I know is that I am dreading a Labour government!

MaizieD Mon 24-Jun-24 10:06:39

Germanshepherdsmum

You cannot be suggesting that the various investigations were biased, and therefore were not properly conducted, surely?

I think she is, GSM!

This is all part of the Faragist cry of 'Establishment stitch up'., isn't it?

Well, I'm not very keen on 'the Establishment' myself in some of its manifestations but in the point of view of its supposed adherence to the Rule of Law the fact that it chewed up and spat out one of its very own on the basis of his complete disregard of, and disrespect for, that rule is very telling.

Whitewavemark2 Mon 24-Jun-24 11:22:16

I see that the Russian foreign ministry has announced that Nigel Farage is a friend of Russia

Dinahmo Mon 24-Jun-24 11:28:30

ronib

Had a lovely afternoon enjoying Open Gardens locally. 12000 steps so feet a bit tired. I came home to ask my husband about Reform and he thinks the bureaucracy is not up to the job and that by registering a protest vote, better than not voting or spoiling a ballot paper, bureaucrats might get the message. But will the bureaucrats even notice? Basically a lot of discontented voters…,

Did you not think that for yourself?

Wyllow3 Mon 24-Jun-24 11:33:24

Yes, quotes from the Russians in the major newspapers.

M0nica Mon 24-Jun-24 13:17:01

BevSec you are obviously very young and do not remember the Wilson, Callaghan and Blair governments.

They actually made very little difference to the way we were governed and none of their policies were such as would frighten the horses if activated on the street.

The politics of most of the population is centrist, left or right, and government usually fall out of power when they become incompetent. The only reason the Conservatives won the last election is because Labour was going through one of its occasional bouts of self-immolation, by voting for a far left leader, anyone remember, Michael Foot? he was another.

Reform will be as evanescent as the rust belt constituencies, voting Conservative. Come and gone in one electoral cycle.

ronib Mon 24-Jun-24 15:14:52

Dinahmo no I was too tired to think….bit like majority of Uk voters?

M0nica Mon 24-Jun-24 16:48:37

ronib What an offensive remark. Just because people do not agree with you does not mean that many, probably most, have thought long and hard about how to vote and have decided to vote for other parties.

I sign off as someone who has, presumably, been too tired to think about their decision not under any circumstances to vote for Reform

ronib Mon 24-Jun-24 17:16:57

M0nica well if you were too tired to think about your decision not to vote for Reform then by default you did not think.
The whole country has every right to be exhausted by the games that every political party has and is playing. And by the way, some of the more elderly do tire very quickly. I don’t care how you or anyone else votes to be clear.

BevSec Mon 24-Jun-24 17:34:47

Monica keir Starmer and Angela Rayner taking the knee was cringeworthy. Labour is the party of tax and spend, always will be.

Germanshepherdsmum Mon 24-Jun-24 17:39:25

There I agree with you.

BevSec Mon 24-Jun-24 17:52:19

We have found common ground GSM. Thank you 😊

Germanshepherdsmum Mon 24-Jun-24 18:38:20

Good. Now forget Boris and carry on voting Conservative! 😊

Wyllow3 Mon 24-Jun-24 18:54:33

BevSec

Monica keir Starmer and Angela Rayner taking the knee was cringeworthy. Labour is the party of tax and spend, always will be.

For me, them Taking the Knee was a welcome sign of respect for the Black Lives Matter movement. Came out of sports racial incidents originally.

(Tho entirely confused how it connects to "tax and spend)".

MayBee70 Mon 24-Jun-24 19:04:27

There’s yet another news item about him on now! He’s getting far more coverage than anyone else.

M0nica Mon 24-Jun-24 19:33:16

ronib Exactly as expected, you misread my post. You are the one labelling me as too tired to think because I will not vote Reform. I am awide awke and more than capable of thinking and have thought very hard about how I will vote. It will not be reform

Bevsec I haven't written a word on Starmer and Reeve taking the knee. You must be thinking of someone else.

ronib Mon 24-Jun-24 19:39:22

M0nica no. I do believe that you have misunderstood that I am very tired.

David49 Mon 24-Jun-24 19:40:18

I’m a “natural” conservative (small c) but I’m not going to vote for a bunch of crooks, liars and idiots. In this constituency the sitting MP resigned in disgrace, the new candidate is still likely to win but it wont be with my vote.

Dickens Mon 24-Jun-24 22:16:19

Germanshepherdsmum

Do you seriously think that Boris could have stayed after what he did BevSec? I vote Conservative and I agree that Boris was very good at attracting votes, but he was never a man for details, left too much to others to deal with, absented himself from COBRA meetings at a crucial time and lied. As a child he said he wanted to be king of the world and he thought he had achieved that when he became PM. Thought he could just do as he wished, as he had throughout his life. I was very disappointed when he became leader and his laissez-faire style of leadership and his lies brought him down. Nobody stabbed him in the back.

A pretty fair summary.