Not sure those figures are quite right T. Labour NI increase (which I don't like) estimated to raise c £25 billion; whereas the Commons Library says total Ukraine commitment since 2022 is £12.8 billion. Support for Ukraine seemingly popular too. You're right about alternative levers - though some don't raise that much to the extent required; but due to election sloganeering they have been politically put out of reach - "Labour's tax bombshell" etc etc. I’m totally non-party-political BTW. -- SW6.doc

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Wednesday, April 30, 04:06:02pm [ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, 2, 3, 4 ]

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Date Posted: Thursday, April 10, 11:08:30pm
Author: Barry@ENF
Author Host/IP: cpc95104-newt39-2-0-cust313.19-3.cable.virginm.net / 77.101.245.58
Subject: Not sure those figures are quite right T. Labour NI increase (which I don't like) estimated to raise c £25 billion; whereas the Commons Library says total Ukraine commitment since 2022 is £12.8 billion. Support for Ukraine seemingly popular too. You're right about alternative levers - though some don't raise that much to the extent required; but due to election sloganeering they have been politically put out of reach - "Labour's tax bombshell" etc etc. I’m totally non-party-political BTW.
In reply to: Same Old Story 's message, "I think in this case its probably everyone and thats the problem. Businesses and shareholders don't get 'hit' - they cut costs accordingly to offset the hit. Low income people are cheapest to get rid of to make the savings so they go, etc. But, for instance, we;re sending as much money to ukraine as this was 'meant' to raise. Its not just saving/generating money from business policies/taxation that affects the budget. There are (as per previous post) thousands of levers they could look at." on Wednesday, April 09, 01:41:46pm

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My understanding is that the £25b forecast is an annual figure for the end of the forecast rather than from year 1. As for Ukraine, this is off the governments own page. If you read all the way down, its way more. You're at £12bn already spent, just from the top two categories, before you get into stuff committed, and stuff sitting in other categories. https://www.gov.uk/government/publications/uk-support-to-ukraine-factsheet/uk-support-to-ukraine-factsheet (NT) -- Same Old Story, Friday, April 11, 10:23:14am (NoHost/81.79.75.149)
In terms of the different levers - yes, i try to keep away from the hyperbole. But equally, there is no limit to the number of levers you can pull. When you have hundreds of levers, you don't need to make all the savings/revenue from one of them. Like you, i'm pretty party ambivalent (or politically homeless) at the moment, but as someone with a background in economics, i find myself disagreeing with the current lot on more or less every policy. (NT) -- Same Old Story, Friday, April 11, 10:26:35am (NoHost/81.79.75.149)
- Really making comparison between c3year actual @ 12.8 &projected NI pa @ 25. Understand little “pots” of help, but less easy to tie down/turn off for that matter. More widely & football comparison, very rare a government whose electorate were crying out for competence and a drive for growth, when presented with the widest of open goals managed to keep missing. I must be genuinely non-aligned as the socials send me right wing and left wing stuff. (NT) -- Barry@ENF, Friday, April 11, 04:09:27pm (NoHost/85.255.236.54)
  - Also, I think the markets would have accepted greater spending as long as it was investing for growth and ring-fenced. I know not everyone would agree with that point. (NT) -- Barry@ENF, Friday, April 11, 04:15:17pm (NoHost/85.255.236.54)

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