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 Autumn Statement

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Sir Francis Drake


Posts : 7342
Join date : 2011-12-03
Age : 27
Location : Nr Panama

PostSubject: Autumn Statement   Wed Nov 23, 2016 10:30 pm

Every single word, statistic and prediction in it was a complete condemnation of the disaster that was George Osborne as Chancellor and Cameron as PM with barely a mention of deficit reduction (remember when that was The Thing?) or the "long-term economic plan" that was going to deliver us from evil.

Osborne missed his targets so badly that acts of parliament passed to enshrine his economic philosophy in law that they have just been swept to one side.

The deficit that was going to be gone after a single parliament is still going to be with us at the end of a third; Osborne had already borrowed in 6 years more than every Labour chancellor ever added together since history began and Hammond is going to borrow even more (but at least he isn't trying to tell fibs about it).

And Brexit is projected to cost us another £58bn (so much for that "£350 m/week for the NHS!").

What a complete and utter disaster it is on every conceivable level.

History will not be kind to the Cameron/Osborne axis. Nor should the present be.
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Les Miserable


Posts : 5683
Join date : 2014-03-30

PostSubject: Re: Autumn Statement   Wed Nov 23, 2016 11:56 pm

Blair/Brown.....Cameron/Osborne, couldn't get a fag paper between them, peas in a pod, all as bad as each other.

Life goes on, lighten up, you're a long time dead.
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Join date : 2012-01-05

PostSubject: Re: Autumn Statement   Thu Nov 24, 2016 3:01 pm

Les Miserable wrote:
Blair/Brown.....Cameron/Osborne, couldn't get a fag paper between them, peas in a pod, all as bad as each other.

Life goes on, lighten up, you're a long time dead.
Spot on Les Mis! Thumbs Make the best of what you've got and enjoy it.
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Hugh Watt

Posts : 5079
Join date : 2012-01-08
Location : Over there....

PostSubject: Re: Autumn Statement   Thu Nov 24, 2016 5:15 pm

Back in 2010, we were told that the deficit was too high.

"Can't go like on like this, emergency emergency!! Must not borrow more than we earn... we'll end up like Greece... tough choices... all in it together!!"

So all of a sudden the nations finances were the biggest thing on Earth and reducing the fiscal deficit was critical. Of course what that really meant was huge cuts to public services, welfare axed and mass privatisation. Despite all this Osborne somehow ended borrowing more new money than every Labour Government combined and of course missed all of his targets, every single one!

Fast forward to November 2016 and Osborne having staked his career on a remain vote and eventually suceeded Cameron in 2018 is yesterday to be replaced Phillip Hammond, who seems a realist if nothing else. Hammond almost immediately claims that Osbornes hopes of a fiscal surplus by 2020 are pie in the sky and having stolen most of Ed Milibands manifesto, opens the purse strings again, not for the public sector workers, NHS or disabled of course they can crawl off and die.
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