Mailwatch(ed) Forum

This is public spending rising less than planned, isn't it?

NevTheSweeper wrote: ↑Fri Mar 21, 2025 6:49 am If they go on like this, this could be the last Labour government ever to be elected.

Yes, because famously after losing the 1997 election by a record-breaking landslide, the Tories were never elected again because the British public never, ever change their opinion based on context

Economic suicide? 10 year bond rates are 4.67%. Donald Trump is running amok in the international markets, and we're going to have to spend much more on Defence.

As with the hubristic Biden peak, it's very easy to get carried away that you're sticking it to austerity. That got the core inflation too high and put Trump back in, even if it was better than the German approach. Reeves needs to find some more taxes to raise, but the plan is still expansionary at a time when there are constraints on being too expansionary.

Government to plant first National Forest in 30 years
20 million trees are to be planted across Bristol, Wiltshire, Gloucestershire and Somerset by 2050.

This sounds good. I know it doesn't make benefit cuts any better, but it's the sort of thing I can imagine getting a nice feel good item on the news in 2012. I haven't watched the news for ages, but I'm guessing it won't get any coverage at all.

Well, this is an interesting piece. I think I broadly agree with the thrust of it, but I’m still a trifle uncertain.

https://theconversation.com/cutting-we ... Gq9m84tamQ

Tubby Isaacs wrote: ↑Fri Mar 21, 2025 10:40 am This is public spending rising less than planned, isn't it?

Not according to the article.

Rachel Reeves will announce the biggest spending cuts since austerity at next week’s spring statement after ruling out tax rises as a way to close her budget deficit.

The chancellor will tell MPs next Wednesday that she intends to cut Whitehall budgets by billions of pounds more than previously expected in a move which could mean reductions of as much as 7% for certain departments over the next four years.

Economists say the cuts will harm key public services, despite Labour’s promises to undo years of decline under the Conservatives. They will be announced a week after ministers unveiled about £5bn worth of cuts to benefit payments, most of which are going from payments to disabled people.

Tubby Isaacs wrote: ↑Fri Mar 21, 2025 5:26 pm

Government to plant first National Forest in 30 years
20 million trees are to be planted across Bristol, Wiltshire, Gloucestershire and Somerset by 2050.

This sounds good. I know it doesn't make benefit cuts any better, but it's the sort of thing I can imagine getting a nice feel good item on the news in 2012. I haven't watched the news for ages, but I'm guessing it won't get any coverage at all.

It doesn't count along with a load of other stuff Labour have done.

More boasting about the good stuff by ministers
being interviewed wouldn't do any harm.

Levelling with people that the next few years were going to be tough after the fuck up the Tories made is what swung it for Labour on the doorstep not offering uncoated freebies.

Tubby Isaacs wrote: ↑Fri Mar 21, 2025 5:26 pm

Government to plant first National Forest in 30 years
20 million trees are to be planted across Bristol, Wiltshire, Gloucestershire and Somerset by 2050.

This sounds good. I know it doesn't make benefit cuts any better, but it's the sort of thing I can imagine getting a nice feel good item on the news in 2012. I haven't watched the news for ages, but I'm guessing it won't get any coverage at all.

"Starmer planting trees for migrants to hide in."

Migrants who've ridden into town on the back of his Mum's old donkeys.

Sounds a bit biblical to me

I find myself largely in agreement with David Blunkett on fiscal rules.

https://labourlist.org/2025/03/spring- ... L_LF9UxjcA

Pertinent facts have changed since those fiscal rules were written, it's time to misquote Einstein again...