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How much longer has he got Andy Burnham has come out today saying Labour MP's are asking him to stand against Starmer yes he would need to become an MP first
But is the writing on the wall after only 14 months
You give it out, you take it back it`s all part of the game
Burnham will not find it easy to become an MP. How many seats are safe enough to get him elected and those are normally held by established Labour politicians. Farage has already said that if someone gives up their seat to force a by-election Reform will "throw everything" at the election. Interesting times and it could be the final nail for Labour.
The knives are out in the open now. Burnham is very much publicly touting himself for Starmers job. Only days before the Labour conference too. It’s going to be a bloodbath if they can put their Palestine flags down long enough.
Burnham seems to be firmly in the spend and borrow camp. He said that he would “turn the country around” by raising council tax on expensive homes in the South East, borrow £40 billion to build council houses, and reduce income tax to 10% for lower earners while raising the top rate to 50%. Most tellingly, he said there was no need to be "in hock to the bond markets". As others have said, this sounds like Liz Truss Mk 2.
Burnham seems to be firmly in the spend and borrow camp. He said that he would “turn the country around” by raising council tax on expensive homes in the South East, borrow £40 billion to build council houses, and reduce income tax to 10% for lower earners while raising the top rate to 50%. Most tellingly, he said there was no need to be "in hock to the bond markets". As others have said, this sounds like Liz Truss Mk 2.
Fairplay Burnham has a plan then, neoliberalism has failed, I put on this site the other day that the top rate of tax in most of the other major countries is more than what it is here and that the top country by a lot of measures is Denmark and they have the highest top rate of tax out of all the top European countries (and as somebody pointed out they have a high rate of VAT as well), we need to increase tax on high earners and reduce tax on low earners, wealth inequality in this country is obscene, I think Burnham must have been reading some of my posts if that is what he is saying.
Continually being banned by Planet Swans for Porthcawl and then being reinstated.
Fairplay Burnham has a plan then, neoliberalism has failed, I put on this site the other day that the top rate of tax in most of the other major countries is more than what it is here and that the top country by a lot of measures is Denmark and they have the highest top rate of tax out of all the top European countries (and as somebody pointed out they have a high rate of VAT as well), we need to increase tax on high earners and reduce tax on low earners, wealth inequality in this country is obscene, I think Burnham must have been reading some of my posts if that is what he is saying.
Another left wing spend and borrow Labour would never be elected again
You give it out, you take it back it`s all part of the game
Another left wing spend and borrow Labour would never be elected again
It's because of propaganda by the right wing press, low tax low spend has failed, look at the high levels of tax charged by Scandinavian countries and their economic success compared to us and rest of the World. The Nordic model is a success and they charge high levels of tax and we are a failing country and charge low levels of tax, if we keep doing what weve been doing we will continue to get the same results, Reform for instance if they win the next General Election will continue low tax, low spend but on steriods.
Continually being banned by Planet Swans for Porthcawl and then being reinstated.
It's because of propaganda by the right wing press, low tax low spend has failed, look at the high levels of tax charged by Scandinavian countries and their economic success compared to us and rest of the World. The Nordic model is a success and they charge high levels of tax and we are a failing country and charge low levels of tax, if we keep doing what weve been doing we will continue to get the same results, Reform for instance if they win the next General Election will continue low tax, low spend but on steriods.
High taxes would be fine if we could trust those with the purse strings to spend it well.
They won’t. We know that. They have proved it time and time again. I’d rather more money in my pocket so I can afford to go private or put better security on my house or buy a 4x4 that won’t get wrecked by the craters in our roads because we aren’t getting the services we have paid all our lives for.
Fairplay Burnham has a plan then, neoliberalism has failed, I put on this site the other day that the top rate of tax in most of the other major countries is more than what it is here and that the top country by a lot of measures is Denmark and they have the highest top rate of tax out of all the top European countries (and as somebody pointed out they have a high rate of VAT as well), we need to increase tax on high earners and reduce tax on low earners, wealth inequality in this country is obscene, I think Burnham must have been reading some of my posts if that is what he is saying.
As usual Trampie has lost the plot. It is the borrowing that will be a huge problem as the bond markets jack up gilt yields and the UK has to pay higher interest on the national debt.
They went into record debt levels, long waiting lists, housing crisis, migrant crisis etc etc etc. Nobody would solve all the damage done over 14 years. Hell, I read yesterday that the UK had 300 years worth of PPE which has had to be destroyed. The last lot giving their mates huge contracts.
I said it would take 2 terms, but it seems people want it fixed in 18 months. It was never going to be.
Swansea Indepenent Poster Of The Year 2021. Dr P / Mart66 / Roathie / Parlay / E20/ Duffle was 2nd, but he is deluded and thinks in his little twisted brain that he won. Poor sod. We let him win this year, as he has cried for a whole year. His 14 usernames, bless his cotton socks.
As usual Trampie has lost the plot. It is the borrowing that will be a huge problem as the bond markets jack up gilt yields and the UK has to pay higher interest on the national debt.
Denmark has a low rate of government debt and they have a top rate of income tax pitched at 55.9%. If they can have low debt and high tax but with a good welfare system and services, free education, health care etc, why can't we ?
Continually being banned by Planet Swans for Porthcawl and then being reinstated.
They went into record debt levels, long waiting lists, housing crisis, migrant crisis etc etc etc. Nobody would solve all the damage done over 14 years. Hell, I read yesterday that the UK had 300 years worth of PPE which has had to be destroyed. The last lot giving their mates huge contracts.
I said it would take 2 terms, but it seems people want it fixed in 18 months. It was never going to be.
Here's the IOD assessment of the impact of the last budget. As you say there's a huge amount to be done but the last budget was a step in the wrong direction as well as the issues highlighted in the IOD report, the tax take has not come in from the last budget we are 40 to 50 billion short and the cost of borrowing is at a 28 year high. Remember the budget was to ' fix the foundations ' Unemployment and inflation has increased this year and if the Government takes more money out of the economy at the next budget then we won't see much growth in the short term and the negative financial trends will continue
Here's the IOD assessment of the impact of the last budget. As you say there's a huge amount to be done but the last budget was a step in the wrong direction as well as the issues highlighted in the IOD report, the tax take has not come in from the last budget we are 40 to 50 billion short and the cost of borrowing is at a 28 year high. Remember the budget was to ' fix the foundations ' Unemployment and inflation has increased this year and if the Government takes more money out of the economy at the next budget then we won't see much growth in the short term and the negative financial trends will continue
They need to tax the rich, tax the big companies who are dodging hundreds of millions, tens of billions. Starmer needs to shout out loud that reforms policies will cost the country hundreds of billions, the majority of his promises are absolute rubbish and have no chance of being implemented. The Tory press, which is most of the press, were always going to be trying to get him out from day one. Farage.what a clown.
Swansea Indepenent Poster Of The Year 2021. Dr P / Mart66 / Roathie / Parlay / E20/ Duffle was 2nd, but he is deluded and thinks in his little twisted brain that he won. Poor sod. We let him win this year, as he has cried for a whole year. His 14 usernames, bless his cotton socks.
As usual Trampie has lost the plot. It is the borrowing that will be a huge problem as the bond markets jack up gilt yields and the UK has to pay higher interest on the national debt.
Market noise
Continually being banned by Planet Swans for Porthcawl and then being reinstated.
They need to tax the rich, tax the big companies who are dodging hundreds of millions, tens of billions. Starmer needs to shout out loud that reforms policies will cost the country hundreds of billions, the majority of his promises are absolute rubbish and have no chance of being implemented. The Tory press, which is most of the press, were always going to be trying to get him out from day one. Farage.what a clown.
Yip
Continually being banned by Planet Swans for Porthcawl and then being reinstated.
They need to tax the rich, tax the big companies who are dodging hundreds of millions, tens of billions. Starmer needs to shout out loud that reforms policies will cost the country hundreds of billions, the majority of his promises are absolute rubbish and have no chance of being implemented. The Tory press, which is most of the press, were always going to be trying to get him out from day one. Farage.what a clown.
Here's the impact assessment of the rises in CT and CGT in the 2024 budget. It's okay saying tax the rich but the tax code is so complicated there many options around both CT and CGT. Furthermore if you raise costs to businesses guess what happens to CT. The issue here is not political philosophy but the financial competence of the current Government, you don't need to be clever to think that if you increase the jobs tax on business, increase the business rates and increase minimum wage all at the same time that the CT takes will reduce and unemployment creep up. It's exactly what's happened. If you read Torsten Bell's analysis to 2030 you'll find generalised assumptions such as small businesses have capacity to absorb tax increases and tax rises in the hospitality will lead to increase costs, which will be met by the middle class as they are the principal users of the hospitality sector. He says nothing about those hospitality price rises and the working class population!!
Denmark has a low rate of government debt and they have a top rate of income tax pitched at 55.9%. If they can have low debt and high tax but with a good welfare system and services, free education, health care etc, why can't we ?
The last lot were useless , Bojo , Sunak and Truss where found out as not fit for purpose and rightly kicked out big time , sure none of them are worried about their energy bills though .
Starmer was the new broom , I will smash the gangs and make the UK great again .
Small boats crossings out of control , crime out of control and Cabinet Ministers lying .
Rachel from accounts has no idea how to add up and taxes everything as a get out clause .
The bloke has brought his own downfall on himself , no sympathy whatever .
They need to tax the rich, tax the big companies who are dodging hundreds of millions, tens of billions. Starmer needs to shout out loud that reforms policies will cost the country hundreds of billions, the majority of his promises are absolute rubbish and have no chance of being implemented. The Tory press, which is most of the press, were always going to be trying to get him out from day one. Farage.what a clown.
Simple really Tax the rich Give it to the poor Wipe away the Tories Just have one party for the people
That is the view of an accountant rather than an economist.
1. Bond yields in a particular country are largely dependant on investors' assessment of the state of the economy of that country, When governments of different countries issue bonds for sale some must pay a higher interest return than others to attracts buyers. It is no accident that France and the UK are having to pay a higher rate of interest than say Denmark.
2. It is not only the bond yield that is relevant, but the size of the national debt in relation to GDP. Once the debt exceeds 100% of annual GDP the size of interest payments rises alarmingly and before long corrective action and austerity follow. To say "Don't worry about bond yields and increase public spending" ignores that we are already on the primrose path close to the 100% mark.
3. To say that our bond yields are high because investors are instead moving money to the FTSE is a parochial view. Investors come from all over the world and have many investment choices open to them. They may wish to hold bonds rather than just stocks within a balanced portfolio, and will be looking at bonds issued by other governments as well as UK bonds.
That is the view of an accountant rather than an economist.
1. Bond yields in a particular country are largely dependant on investors' assessment of the state of the economy of that country, When governments of different countries issue bonds for sale some must pay a higher interest return than others to attracts buyers. It is no accident that France and the UK are having to pay a higher rate of interest than say Denmark.
2. It is not only the bond yield that is relevant, but the size of the national debt in relation to GDP. Once the debt exceeds 100% of annual GDP the size of interest payments rises alarmingly and before long corrective action and austerity follow. To say "Don't worry about bond yields and increase public spending" ignores that we are already on the primrose path close to the 100% mark.
3. To say that our bond yields are high because investors are instead moving money to the FTSE is a parochial view. Investors come from all over the world and have many investment choices open to them. They may wish to hold bonds rather than just stocks within a balanced portfolio, and will be looking at bonds issued by other governments as well as UK bonds.
You could call him an accountant but that would be like calling Pele just a footballer or Don Bradman just a cricketer, he is a Professor Emeritus of Accounting Practice and a leading UK tax expert.
Continually being banned by Planet Swans for Porthcawl and then being reinstated.
You could call him an accountant but that would be like calling Pele just a footballer or Don Bradman just a cricketer, he is a Professor Emeritus of Accounting Practice and a leading UK tax expert.
Opinions vary. Just because somebody is a professor doesn't mean they are right.
Opinions vary. Just because somebody is a professor doesn't mean they are right.
It's not unusual for professors to have different opinions and views on a subject. People scour the Internet to find anything to back up their argument and ignore opposite points of view.
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